Key View

• As Ethiopia’s manufacturing sector and trade are set for continued growth, we expect the landlocked country to prioritise the development of Berbera port in Somaliland while continuing to rely on Djibouti as its central export corridor.
• Beyond bolstering investment in the port itself, which is already undergoing a USD442mn expansion

Key View

• Released in June 2020, the ‘Digital Ethiopia 2025’ provides a roadmap to leverage Ethiopia’s technological ambitions to support social and economic development.
• In addition, new regulations targeting improved telecommunications services and the growth of segments such as e-commerce are also helping to propel the market forwards.
• Key

Key View

• Ethiopia’s current account deficit will widen slightly in 2020 due to weaker export demand, although coffee exports, which accounted for around one-third of total goods exports in 2019, will be a relative bright spot.

• A decline in import volumes will prevent a significant widening of the current account deficit.

• The risk

Key View

• Proposals from Ethiopian Airlines to build a USD5bn airport near Addis Ababa would cement Ethiopia’s position as a continental hub for air travel.
• With airport infrastructure already a key area of focus for the Ethiopian government in its efforts to develop the country’s economy, the commencement of construction on this airport would

Key View

• We have revised Ethiopia’s healthcare market forecast upwards following the release of the country’s second ‘Essential Health Services Package’.
• Universal healthcare efforts in the country will be supported by robust economic growth in the coming years.
• Domestic pharmaceutical production in the country will pick up, but its effects

Key View

• New developments indicate that the Ethiopian government remains committed to its plans to liberalise key sectors of the economy, including telecommunications.
• We are most positive about the establishment of an industry regulator, although market certainty would be bolstered by, amongst other things, a proactive forward-looking ICT

Key View

• At Fitch Solutions we believe that rising revenues will aid fiscal consolidation in Ethiopia, with the budget deficit set to narrow from 3.0% in 2018 to 2.9% in 2019, before holding at 2.9% in 2020, on the back of rising revenues.
• The pace of fiscal consolidation will be subdued by elevated capital and recurrent spending.
• Reforms to

Diversification And Reform Will Boost Ethiopia's Long-Term Growth

Key View: Ethiopia will be the engine of economic growth in East Africa across our ten-year forecast period. Increasing productive capacity, building on an already-strong infrastructure project pipeline (particularly in hydropower, road and rail) and reforms to the business

Key View: Ethiopia will be the engine of economic growth in East Africa across our ten-year forecast period. Increasing productive capacity, building on an already-strong infrastructure project pipeline (particularly in hydropower, road and rail) and reforms to the business environment will drive growth over the coming years. However, deeply