Industry Dynamics

After a senior official announced on Friday the government's plan to open the world's last major closed telecom market, Ethiopia will issue two two telecom licences to multinational mobile companies.

Ethiopian cement production capacity grew at an average annual rate of 6.8% between 2013 and 2018. The increase in capacity is due to the government's five-year growth and transformation plan, as well as the federal incentive to attract local and international cement producers.

Although there are a number of major risk factors that may limit economic growth in the region, construction activity in sub-Saharan Africa is expected to increase, according to the latest report.

Malaysia's Golden Africa will invest in Ethiopia's edible oil production, creating jobs for 1,500 people in two years.

Arerti Ceramics Manufacturing, a Chinese company has signed an agreement with the Ministry of Mines and Petroleum to start mining bentonite minerals in the Amhara region of Ethiopia.

The Ethiopian Ministry of Agriculture has announced a plan to refresh the wheat import history within four years.

According to relevant data, the Ethiopian cement industry grew at an average annual rate of 6.8% between 2013 and 2018.

Ethiopia is one of the fastest growing economies in Africa, and its ambitious plan is to become a middle-income country by 2025 by taking a green and sustainable development path.

With a population of more than 100 million, Ethiopia has been one of the fastest growing economies in Africa for many years. According to reports, the government hopes to stimulate national development and economic growth by attracting more foreign direct investment.