What is a good business to start in Ethiopia?

20 Best Small and Big Business Opportunities in Ethiopia for 2021

• Building Management. Building Management is a business that is also sometimes called facility management.
• Child Care Service/School.
• Brick Making.
• Solar Panel Sales and Service.
• Cleaning Services.
• Consultancy Services.
• Advertising Agency.
• Mobile Phone Repair.

Can a foreigner open a company in Ethiopia?

The Ethiopia Commercial Law allows foreign companies looking to establish businesses in Ethiopia to open branch offices in the country. The branch office must seek approval from the Ethiopian Investment Commission before commencing operations in Ethiopia.

Are there factories in Ethiopia?

The manufacturing industry in Ethiopia plays a significant role in the country’s economy. Furthermore, it is the only park in Africa to exclusively manufacture textile and apparel products. The park employs over 60,000 people who are mostly women.

Did China open a shoe factory in Ethiopia?

Built with Chinese investment, the 40-hectare Eastern Industrial Zone is where Huajian, a Chinese shoemaker producing for brands like GUESS, Calvin Klein, Nina and other branded items, set up its factory in 2011. Today, the two Huajian factories together provide direct jobs to more than 7,000 Ethiopians.

Which business is profitable in Ethiopia?

As a matter of fact, there is a big number of successful business owners in Ethiopia are in the manufacturing industry. The main industries in the country are food processing, beverages, textiles, leather, garments, chemicals, and construction materials.

How can I make money in Ethiopia?

10 of the Best Ways to Make Money Online in Ethiopia 2021

1. Make Money at Home by Starting an Online Shop in Ethiopia.
2. Earn Money Online from Making YouTube Videos.
3. Make Money Online by Writing and Publishing Books.
4. Make Money in Ethiopia by Blogging.
5. Make Money Online from PTC Sites.
6. Work as a Freelancer from Home in Ethiopia.

Can I start a business in Ethiopia?

By virtue of the Commercial Registration and Business Licensing Proclamation, a person is required to obtain a business license in order to conduct a business in Ethiopia. And to obtain a business license, a person should first register within the central register and trade name register.

What percentage of Ethiopia is employed?

Employment in industry (\% of total employment) (modeled ILO estimate) in Ethiopia was reported at 10.35 \% in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources.

What are the most common jobs in Ethiopia?

Ethiopia has the 11th largest economy in Africa, powered by strong natural resources, a large population and good trade connections, The primary industries are agriculture, mining and chemicals. The country has a large public sector, especially in the telecommunications, energy and banking industries.

Why is Huajian in Ethiopia?

Huajian entered Ethiopia’s manufacturing industry in 2011, when Ethiopia’s first 40-hectare Eastern Industrial Zone went operational with Chinese investment. Its two factories jointly provide direct jobs to more than 7,000 Ethiopians.

Are industrial jobs harmful to Ethiopia’s unemployed?

New Haven, September 26, 2016 – A new study released by the National Bureau of Economic Research today looked at the impacts of taking a factory or industrial farm job on young workers in Ethiopia, and found that these industrial jobs gave unemployed people a steady income, but this came with substantial risks to their health.

Can capital stimulate Ethiopia’s industrial sector?

Stimulating these business enterprises with capital, meanwhile, increased earnings for these workers by 33 percent. Seventy-eight percent of Ethiopia’s population lives on less than $2 day, but in recent years the country has seen increased foreign investment growth in its industrial sector.

How can Ethiopia boost employment and development?

The researchers stress that based on experience from elsewhere, there remains a strong development case for boosting employment in Ethiopia through industrial jobs, and to attract new investors into manufacturing and commercial horticulture, in part because of higher and fast rising wages in Asia and elsewhere.

What is it like to live in Ethiopia today?

Seventy-eight percent of Ethiopia’s population lives on less than $2 day, but in recent years the country has seen increased foreign investment growth in its industrial sector. There are a growing number of migrants and refugees, and recently the British government announced plans to create 100,000 industrial jobs for Ethiopians and migrants.