US Department Of StateThe U.S. Department of State will host the Ethiopia Partnerships Forum (EPF), a U.S.-Ethiopia economic engagement platform to raise awareness of Ethiopia’s bold new efforts to transform its economy and create attractive business opportunities, on May 15-16, 2019.

The two-day forum will kick-off in the Loy Henderson Auditorium at the U.S. Department of State in Washington, D.C.

This joint event aims to accelerate American investment and engagement in Ethiopia and contribute to transformational change of Ethiopia’s economic and commercial landscape, according to a statement   issued by the Department of State.

The first day of the action-oriented forum will feature interactive panels, dynamic keynotes, networking sessions, and announcements of public and private sector business opportunities for post-forum implementation.

The second day of EPF will dive deeper into the topics explored at the Department of State with a series of events hosted at partner locations around Washington, D.C.

Read more at : https://fanabc.com/english/2019/05/u-s-department-of-state-rallying-partnership-opportunities-in-ethiopia/

Ethiopian Foreign AffairHosted by the European Commission, the Ethio-EU business form will be held on May 14-15, 2019 in Brussels, Belgium, according to the Ministry of Foreign Affairs.

The objective of the forum is mainly to support and stimulate European private sector trade and investment.

The event will attract high-ranking Ethiopian and EU officials, including Mr. Jyrki Katainen, vice-president of the European Commission and Commissioner for Jobs, Growth, Investment and Competitiveness.

The forum will focus on agro-processing, textile, apparel and leather as well as pharmaceutical, medical and ICT.

Source: https://fanabc.com/english/2019/05/ethio-eu-business-form-to-be-held-in-brussels-next-week/

Matouk CoffeePresident and CEO of Maatouk Holdings, the leading manufacturers of coffee in the Middle East, will come to Addis Ababa on June to explore investment opportunities in the Ethiopian coffee sector.

Mrs Samira Maatouk said her travel to Ethiopia next month aims to discuss on haw to boost coffee import from the country.

During her visit, an investment agreement is also expected to be signed between the Government of Ethiopia and the Company that enables the latter to invest in Ethiopia.

Maatouk’s investment will help the east African nation to supply processed coffee products to the global market, coffee framers to get fair prices for their products and to create employment opportunities.

Hotel in EthiopiaEthiopia is ranked fourth in hotel development in Africa based on an annual survey conducted by the Lagos-based W Hospitality Group.

The top three countries are Egypt, Nigeria and Morocco, the Africa Business Communities reported.

A total of 75,155 branded rooms in 401 hotels are in development across the whole of Africa – a net increase of almost 11,000 rooms in the pipeline, 17 percent  up on 2018.

The survey had a record 43 international and regional hotel contributors this year, covering 54 countries in north and sub-Saharan Africa, and the Indian Ocean islands, it was learned.

Ethiopia has seen another increase in pipeline deals, up from 31 hotels in 2018, signed by international chains such as Accor and Hilton as well as by regional chains such as aha and Latitude. Best Western and IHG each signed two hotels in 2018.

Read more at : https://www.ena.et/en/?p=7791

SubSahara IMFThe International Monetary Fund (IMF) projected an increase in the average growth for Sub-Saharan Africa countries, forecasting a growth rate of 3.7 percent for 2020.

Ethiopia is expected to show growth accelerate to 7.7 percent in 2019/20.

According to the IMF Regional Economic Outlook issued on May 2, 2019, Sub-Saharan Africa’s average growth is expected to increase from 3 percent in 2018 to 3.5 percent in 2019 and 3.7 percent in 2020.

The report revealed that non-resource-intensive countries are expected to continue growing rapidly at about 6.3 percent on average in 2019-20.

About half of the region’s countries, mostly non-resource-intensive countries, are expected to grow at 5 percent or more, which would see per capita incomes rise faster than the rest of the world on average over the medium term.

Ethiopia, the region’s third largest economy, is expected to see growth accelerate to 7.7 percent as the uncertainty caused by political headwinds and external shocks abates, the report revealed.

The government has also announced its intention to pursue reforms to hand the reins of growth to the private sector, which, if implemented properly, could raise growth in the medium term, it added.

Read more at:https://www.ena.et/en/?p=7651