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Ethiopia Interest More Investment from Indonesia PDF Print E-mail
Written by Maizer   
Monday, 27 May 2019

Ethiopia wants more investment from Indonesia. There is a lot of potential that can be worked on from the country in the Horn of Africa. Ethiopia is also said to have a bright future with political stability, an ever-increasing economy, and huge market potential.

 

Until now, based on data from the Indonesian Embassy in Ethiopia, there are only five companies from Indonesia that invest and operate in Ethiopia. The five are PT Indofood (instant noodle production), PT Sinar Antjol (soap and detergent), PT Bukit Perak (soap and detergent), Busana Apparel Group (garment), and PT Sumber Bintang Rejeki (garment).

 

In fact, according to the Ethiopian Ambassador to Indonesia Admasu Tsegaye mid-May 2019, there are still many potentials that can be explored by Indonesian companies.

 

The potential exists in seven sectors, such as energy, pharmacy, agro-industry, textile, horticulture, leather, and tourism.

 

In the textile sector, for example, since 2008, the industry has grown seven sector. Then in the last decade, textile exports increased sharply. A number of leading global brands such as H & M, PVH, and Wuxi and Sunshine have already invested in Ethiopia.

 

In addition, there are more than 3.2 million hectares of land suitable for cotton cultivation. Less than 10 percent have been utilized.

 

With the existing area, potential for cotton production can be as big as Pakistan, the fourth largest cotton-producing country. While in terms of market access, the US has imported 40 percent of Ethiopian textile products, while the UK has 10 percent.

 

 

There are two industrial estates specifically for textiles, such as Hawassa and Bole Lemi. The other three, such as Mekelle, Kombolcha, and Adama, are waiting for operating time. Industrial estates are in a strategic position, in the main corridors of trade and economy.

 

Another thing that can make investors interested, according to Admasu, is the rapidly growing political stability, economy and infrastructure, capable human resources, and huge market potential.

 

In the political sector, since Ethiopian Prime Minister Abiy Ahmed served April 2, 2018, reforms continue. Democratic institutions, for example, are strengthened.

 

He also opened communication with parties who had previously opposed the government and chose to exile abroad. During his leadership, opposition figures were able to return to Ethiopia. Not only that, he also released political prisoners.

 
		
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