Basic Facts About Ethiopia

 

FLAG of EThiopia

 

Economy - overview:

Ethiopia's economy is based on agriculture, which accounts for 46% of GDP and 85% of total employment. Coffee has been a major export crop. The agricultural sector suffers from poor cultivation practices and frequent drought, but recent joint efforts by the Government of Ethiopia and donors have strengthened Ethiopia's agricultural resilience, contributing to a reduction in the number of Ethiopians threatened with starvation.

The banking, insurance, and micro-credit industries are restricted to domestic investors, but Ethiopia has attracted significant foreign investment in textiles, leather, commercial agriculture and manufacturing. Under Ethiopia's constitution, the state owns all land and provides long-term leases to the tenants; land use certificates are now being issued in some areas so that tenants have more recognizable rights to continued occupancy and hence make more concerted efforts to improve their leaseholds. While GDP growth has remained high, per capita income is among the lowest in the world. Ethiopia''s economy continues on its state-led Growth and Transformation Plan under its new leadership after Prime Minister MELE's death. The five-year economic plan has achieved high single-digit growth rates through government-led infrastructure expansion and commercial agriculture development. Ethiopia in 2013 plans to continue construction of its Grand Renaissance Dam on the Nile-the controversial multi-billion dollar effort to develop electricity for domestic consumption and export.

Source: CIA Fact Book

LINKS

INDEX MUNDI
Ethiopia - Exports of goods and services

CIA FACT BOOK

WIKIPEDIA ETHIOPIA

 

Banks in Ethiopia

 

The National Bank of Ethiopia (NBE) is the central bank of the Government responsible for foreign exchange control.

Foreign exchange permits from the NBE are required for all imports. The Commercial Bank of Ethiopia (CBE), also Government-oriented, and the newly established private banks deals in commercial activities, including the arrangement of letters of credit, bid bonds, and performance bonds, etc.

The presently operating banks can be reached at the following addresses or telephone/fax numbers:

National Bank of Ethiopia -
P. O. Box 5550, Addis Ababa, Ethiopia, Tel: 251-1-517430, Fax: 251-1-514588

Commercial Bank of Ethiopia
P. O. Box 255, Addis Ababa, Ethiopia, Tel: 251-1-515004, Fax: 251-1-514522

Awash International Bank 
P. O. Box 12638, Addis Ababa, Ethiopia, Tel: 251-1-612919, Fax: 251-1-653685

Dashen Bank
P. O. Box 12752, Addis Ababa, Ethiopia, Tel: 251-1-654073, Fax: 251-1-653037

Bank of Abyssinia
P. O. Box 12947, Addis Ababa, Ethiopia, Tel: 251-1-159966, Fax: 251-1-514754

Wegagen Bank 
P.O. Box 1018, Addis Ababa, Ethiopia, Tel: 251-1-655015, Fax: 251-1-654870

 

FOREX

Daily Foreign Exchange Rate in (USD)

Labour force by occupation

Ethiopia (2009 est.) UK (2006 est.) USA
Agriculture 85% 1.4% 2.6%
Government & services 10% 80.4% 72.9%
Industry & construction 5% 18.2% 24.5%

Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2048.html

Gross domestic product


Ethiopia
UK USA
GDP – real growth rate (2011) 8.5% 1.7% 2.8%
GDP – per capita: purchasing power parity (2008) $1,089 $35,459 $48,666
GDP – agriculture sector (2011) 49.3% 0.7% 1.2%
GDP – industry sector (2011) 11.1% 21.6% 22.1%
GDP – services sector (2011) 39.6% 77.7% 76.7%

Source: http://www.gfmag.com/gdp-data-country-reports

Main industries: food processing, beverages, textiles, chemicals, metals processing, cement

Main agricultural products: cereals, pulses, coffee, oilseed, sugarcane, potatoes, hides, cattle, sheep, goats

Main exports: coffee, gold, leather products, oilseeds

 

Geography/ Topography

Ethiopia is the 10th largest country in Africa and has an area of 1.112,000 square kilometers, about 60 percent of - which is arable, with 15 percent presently cultivated. The dominant feature is the high central plateau varying in height between 2000 and 3000 meters, with some mountains over 4000 meters. The country has numerous rivers, most notably the Blue Nile (or Abbay). The Rift Valley Splits Ethiopia diagonally.

History

Ethiopia the land of Kind Solomon and Queen of Sheba, its history according to recent archaeological finding stretches back to some 4.4 million years when the oldest human ancestor ever found walked its terrain. This land has always remained an enchanting mystery to all travelers. Today, Ethiopia enjoys the further distinction of being the oldest independent nation in Africa.

Climate

There are two seasons: the dry season, which prevails from October through May; and the wet season, which runs from June to September. Even in the wet season, however, it rarely rains for a full day, and traveling is usually quite pleasant. In Addis Ababa and the central part of the country the weather is Spring- like year round, with warm days and only a sweater of light jacket required at night.

Calendar and Time

Ethiopia follows the Julian calendar, which consists of 12 months of 30 days each and a 13th month of  5 or 6 days and is 7 years and 8 months behind the Gregorian calendar. Ethiopia is in the GMT+3hours time zone.

Electricity

Ethiopia uses 280/220 volts, 50 cycles AC.

Ethiopian Embassies

EMBASSY INFORMATION
Federal Democratic Republic of Ethiopia

 

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Contact us

DH Geda Head Quarters Office

Bole, Addis Ababa
Tel: +251.11.663.8158, +251.11.663.8159
Fax: +251.11.663.8162
Email: d.h.ged@ethionet.et
export@dhgeda.com

DH Geda Flour Factory Plc.

Gerji, Addis Ababa
Tel: +251.11.629.3415, +251.11.6 29 14 15
Mobile: +251.91.121.7642
Fax: +251.11.629.1991

 

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