Ethiopia is a country located in the Horn of Africa. According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. [1] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [2] In 2015, the World Bank highlighted that Ethiopia had witnessed rapid economic growth with real domestic product (GDP) growth averaging 10.9% between 2004 and 2014. [3]
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
| Name | Industry | Sector | Headquarters | Founded | Notes |
|---|---|---|---|---|---|
| Amha Records | Consumer services | Broadcasting & entertainment | Addis Ababa | 1969 | Record label, defunct 1975 |
| Anbessa City Bus Service Enterprise | Consumer services | Travel & tourism | Addis Ababa | 1945 | Passenger transport, bus |
| Awash International Bank | Financials | Banks | Addis Ababa | 1994 | Bank |
| Commercial Bank of Ethiopia | Financials | Banks | Addis Ababa | 1963 | Commercial bank |
| Cooperative Bank of Oromia | Financials | Banks | Addis Ababa | 2004 | Commercial bank |
| Dedebit Credit and Saving Institution SC | Financials | Banks | Mek'ele | 1997 | Microfinance |
| Ethiopia Commodity Exchange | Financials | Investment services | Addis Ababa | 2008 | Exchange |
| Ethiopian Airlines | Consumer services | Airlines | Addis Ababa | 1946 | Airline |
| Ethiopian Electric Power | Utilities | Conventional electricity | Addis Ababa | 1956 | State-owned power |
| Ethiopian Postal Service | Industrials | Delivery services | Addis Ababa | ? | Postal services |
| Ethio telecom | Telecommunications | Fixed line telecommunications | Addis Ababa | 1952 | State-owned provider |
| Harar Brewery | Consumer goods | Brewers | Harar | 1984 | Brewery, now part of Heineken International (Netherlands) |
| Marathon Motors Engineering | Consumer goods | Automobiles | Addis Ababa | 2009 | Joint with Hyundai Motor Company (South Korea) |
| National Bank of Ethiopia | Financials | Banks | Addis Ababa | 1906 | Central bank. formerly Bank of Abyssinia |
| Oromia International Bank | Financials | Banks | Addis Ababa | 2008 | Private bank |
| Selam Bus Line Share Company | Consumer services | Travel & tourism | Addis Ababa | 1996 | Passenger transport |
| Sky Bus Transport System | Consumer services | Travel & tourism | Addis Ababa | 2007 | Passenger transport |
| Trans Nation Airways | Consumer services | Airlines | Addis Ababa | 2004 | Charter airline |
The economy of Burkina Faso is based primarily on subsistence farming and livestock raising. Burkina Faso has an average income purchasing-power-parity per capita of $1,900 and nominal per capita of $790 in 2014. More than 80% of the population relies on subsistence agriculture, with only a small fraction directly involved in industry and services. Highly variable rainfall, poor soils, lack of adequate communications and other infrastructure, a low literacy rate, and a stagnant economy are all longstanding problems of this landlocked country. The export economy also remained subject to fluctuations in world prices.
The economy of Ethiopia is a mixed and transition economy with a large public sector. The government of Ethiopia is in the process of privatizing many of the state-owned businesses and moving toward a market economy. The banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies.
The economy of Latvia is an open economy in Europe and is part of the European Single Market. Latvia is a member of the World Trade Organization (WTO) since 1999, a member of the European Union since 2004, a member of the Eurozone since 2014 and a member of the OECD since 2016. Latvia is ranked the 14th in the world by the Ease of Doing Business Index prepared by the World Bank Group. According to the Human Development Report 2011, Latvia belongs to the group of very high human development countries. Due to its geographical location, transit services are highly developed, along with timber and wood processing, agriculture and food products, and manufacturing of machinery and electronic devices.
The economy of Nicaragua is focused primarily on the agricultural sector. Nicaragua itself is the least developed country in Central America, and the second poorest in the Americas by nominal GDP. In recent years, under the administrations of Daniel Ortega, the Nicaraguan economy has expanded somewhat, following the Great Recession, when the country's economy actually contracted by 1.5%, due to decreased export demand in the American and Central American markets, lower commodity prices for key agricultural exports, and low remittance growth. The economy saw 4.5% growth in 2010 thanks to a recovery in export demand and growth in its tourism industry. Nicaragua's economy continues to post growth, with preliminary indicators showing the Nicaraguan economy growing an additional 5% in 2011. Consumer Price inflation have also curtailed since 2008, when Nicaragua's inflation rate hovered at 19.82%. In 2009 and 2010, the country posted lower inflation rates, 3.68% and 5.45%, respectively. Remittances are a major source of income, equivalent to 15% of the country's GDP, which originate primarily from Costa Rica, the United States, and European Union member states. Approximately one million Nicaraguans contribute to the remittance sector of the economy.
The economy of Rwanda has undergone rapid industrialisation due to a successful governmental policy. It has a mixed economy. Since the early-2000s, Rwanda has witnessed an economic boom, which improved the living standards of many Rwandans. The Government's progressive visions have been the catalyst for the fast transforming economy. The President of Rwanda, Paul Kagame, has noted his ambition to make Rwanda the "Singapore of Africa".
The economy of Tanzania is a lower-middle income economy that is overwhelmingly dependent on agriculture. Tanzania's economy has been transitioning from a command economy to a market economy since 1985. Although total GDP has increased since these reforms began, GDP per capita dropped sharply at first, and only exceeded the pre-transition figure in around 2007.
Addis Ababa is the capital and largest city of Ethiopia. In the 2007 census, the city's population was estimated to be 2,739,551 inhabitants. Addis Ababa is a highly developed and important cultural, artistic, financial and administrative centre of Ethiopia. It also serves as the capital of the Oromia Region.
Ethiopia, officially the Federal Democratic Republic of Ethiopia, is a landlocked country located in the Horn of Africa region of East Africa. It shares borders with Eritrea to the north, Djibouti to the northeast, Somalia to the east and southeast, Kenya to the south, South Sudan to the west, and Sudan to the northwest. Ethiopia covers a land area of 1,112,000 square kilometres. As of 2023, it is home to around 126.5 million inhabitants, making it the 13th-most populous country in the world, the 2nd-most populous in Africa after Nigeria, and the most populated landlocked country on Earth. The national capital and largest city, Addis Ababa, lies several kilometres west of the East African Rift that splits the country into the African and Somali tectonic plates.
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people were living in 54 countries in Africa. Africa is a resource-rich continent. Recent growth has been due to growth in sales, commodities, services, and manufacturing. West Africa, East Africa, Central Africa and Southern Africa in particular, are expected to reach a combined GDP of $29 trillion by 2050.
The economy of Asia comprises about 4.7 billion people living in 50 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms, starting from the Taiwan Economic Miracle (1950–present) in Taiwan, Japanese economic miracle (1950–1990), Miracle on the Han River (1974–present) in South Korea, economic boom (1982–2010) in China, Tiger Cub Economies (1990–2009) in ASEAN, and economic boom in India (1991–present).
Bahir Dar is the capital city of Amhara Region, Ethiopia. Bahir Dar is one of the leading tourist destinations in Ethiopia, with a variety of attractions in the nearby Lake Tana and Blue Nile river. The city is known for its wide avenues lined with palm trees and a variety of colorful flowers. In 2002, it was awarded the UNESCO Cities for Peace Prize for addressing the challenges of rapid urbanization.
Rail transport in Ethiopia is done within the National Railway Network of Ethiopia, which currently consists of three electrified standard gauge railway lines: the Addis Ababa–Djibouti Railway, the Awash–Weldiya Railway and the Weldiya–Mekelle Railway. Other lines are still in the planning phase. There is also an urban light rail system in the country's capital, the Addis Ababa Light Rail.
People's Republic of China–Ethiopia relations were established in 1970. Ethiopia has an embassy in Beijing and the People's Republic of China has an embassy in Addis Ababa.
Teferra Wolde-Semait was an Ethiopian politician who has served as Ministry of Finance and Economic Development, and chairman of the board of the National Bank of Ethiopia from 1977 to 1982.
Water-related industry in Africa provides jobs and employment opportunities in many sectors, for example agriculture, fisheries, manufacturing and industry.
The Djibouti Ports & Free Zones Authority (DPFZA) is the governmental body of Djibouti that administers and manages the Port of Djibouti and several other facilities in the country. The DPFZA also oversees the management of Djibouti International Free Trade Zone, serving as a liaison between the companies based there and other governmental agencies. The DPFZA reports directly to the Presidential Office.
Wegagen Bank SC is a bank in Ethiopia incorporated on 11 June 1997. It was established as a result of the entrepreneurial wit of sixteen 16 founding members who recognized the critical role that financial institutions would play towards creating a sustained economic development and were able to put in an initial paid-in capital of Birr thirty million.
Urban rail transit in Africa has emerged as a growing form of transit due to rapid urbanization that has occurred in recent decades across the continent. Some of these transit systems are older and more developed, such as the metro in Cairo which opened in 1987. Others such as the light-rail system in Addis Ababa are much more recent, which opened in 2015. A variety of technologies are being used ranging from light-rail, bus rapid-transit, and commuter-rail etc. Africa for several decades saw minimal investment in rail infrastructure, but in recent years due to urban population growth and improved financing options, investment in rail networks has increased.
Ethiopia–Germany relations are bilateral relations between Ethiopia and Germany. Traditionally, they have closest diplomatic relations characterized by friendly relations. The two countries established their embassies on 7 March 1905, and in 1907 by order of Emperor Menelik II, the German embassy moved in the current site in Addis Ababa. Both enjoyed favored relations and visited each other's countries on numerous occasions. Germany has an embassy in Addis Ababa and Ethiopia has an embassy in Berlin.
Addis Ababa's economy is growing rapidly and become leading among cities in Ethiopia. Over the last two decades, the city shifted to development-oriented programmes and privatization. In late 1990s, the Office for Revision of Addis Ababa's Master Plan (ORAAMP) and National Urban Planning Institute (NUPI) were launched to analyze the economic status of the city. The city covered 29% of Ethiopia's GDP and 20% of national urban development as of 2022.
