Home / Business / Ethiopia: The once-sleeping giant challenging Kenya’s dominance

Ethiopia: The once-sleeping giant challenging Kenya’s dominance

By Lee Mwiti

Ross McLean, the manufacturer’s head in sub-Saharan Africa, said in a May interview with Business Beat that the Ethiopian market is turning out to be more promising than Kenya’s. Dow has been in Ethiopia for the last two years, manufacturing herbicides for Ethiopia’s huge flower farms. “When we set up camp here in Nairobi, we thought Kenya was the ultimate destination in this region. But after making a foray into Ethiopia, we have experienced a sleeping giant that is rising,” Mr Mclean said. “Ethiopia is unique because it is among the fastest-growing economies in the world. The government there is very deliberate in powering manufacturing. Given its socialist history, it is now focusing on an industrialisation programme that will diversify its economy and give it a more capitalist outlook.”
Read more at: standardmedia

About Amora

If your Content posted here, in our youtube, twitter and Facebook pages and you want us to modify or remove it, please email us using the contact form in our site. Thanks.

Check Also

Egypt warns Ethiopia Nile dam dispute is life or death -El-Sissi

El-Sissi sought to reassure Egyptians in televised comments while attending the inauguration a fish farm in the Nile Delta province of Kafr el-Sheikh, but stressed that “water is a matter of life or death.” “No one can touch Egypt’s share of water,” he said.

Qatar, Ethiopia sign pact on investment protection

Qatar and Ethiopia have finalised and signed an investment protection agreement on Tuesday, according to HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani.

Leave a Reply

Your email address will not be published. Required fields are marked *