The UK Government (through the Economic Horizon’s team) in collaboration with Business Council for Africa – Invest Africa is delighted to be hosting a Manufacturing Opportunities in Ethiopia Roundtable hosted by Jeremy Lefroy MP, the Prime Minister’s Trade Envoy to Ethiopia. The event will focus on the opportunities and challenges of operating in the Ethiopian market, drawing upon the experiences of an experienced panel, including investors already in Ethiopia and UK Government agencies.
FDI in Ethiopia is rising fast. It was the World Bank’s star FDI reformer in 2017 and Ethiopia is widely tipped as a future global manufacturing hub, with four industrial parks operating, a further two nearly fully reserved and more than nine under construction. With a railway line to Djibouti Port due to shortly begin full time operations, there are generous investment incentives and some of the lowest labour and energy costs in the world for companies looking to begin operations in the country. Not only the favourite African destination for Chinese manufacturing investment, US brands such as Calvin Klein and Tommy Hilfiger and Sweden’s H&M expect to source up to 20% of their clothing lines from the country by 2025. The domestic market is also attractive with a rapidly rising health budget and new hospitals and clinics planned. Pharma and health consumables companies can benefit from low rents and seven year corporation tax holidays in the dedicated pharma park.
With a strong support system in place, the UK has a close relationship with the Ethiopian Investment Commission and UKEF is able to provide low cost finance and political risk investment insurance. Manufacturing investors can also be assisted by feasibility study subsidies from DFID, long-term attractive equity and debt finance from the UK’s DFI, CDC, and In-Country support from a dedicated UK team.
The event will take place from 9:30-11:30 am on Thursday 7th December.
To register your interest in attending please email firstname.lastname@example.org. There is no charge to BCA-IA members or non-members. All places are subject to confirmation.
Jeremy Lefroy MP, Prime Minister's Trade Envoy to Ethiopia
Jeremy is the Member of Parliament for Stafford. Jeremy’s political interests include sustainable development and enterprise, urban regeneration, environment, small business, health. Jeremy is self-employed, working with smallholder farmers in East Africa to produce organic coffee and cocoa for the world market. His charity interests include "Equity for Africa" helping small businesses in Africa to obtain the capital they need to grow. In recent years, he has served on the Conservative Party's Globalisation and Global Poverty policy group.
Reg Hankey, CEO, Pittards Leather
Roddy Barclay, Director of Intelligence and Analysis, Africa Practice
Rupert Boyd, Founding Partner, African Alpha Investment Partners
Hitesh Patel, Export Finance Manager, UK Export Finance