Key View

• In Sub-Saharan Africa, Ethiopia is emerging as one of the preferred destinations for labour-intensive businesses, especially those in the garment and textile industry. These businesses are taking advantage of the country's low labour cost environment.
• The Ethiopian government is also pursuing business-friendly structural reforms

Key View:

• The announcement of a USD1.8bn investment by State Grid Corporation of China in Ethiopia’s electricity transmission networks represents an important step towards the country becoming a regional hub for power generation.
• The investment will improve the efficient distribution of generated electricity produced across Ethiopia’s broader

Key View

• We believe that the Ethiopian automotive sector remains largely untapped as its vehicle ownership remains one of the lowest globally.
• Ethiopia's attractiveness as an investment destination is continuously improving and will continue to attract investment in the country, especially into the country's automotive sector.
• Hyundai is

Key View

• We at Fitch Solutions expect the Ethiopian birr’s spot rate to continue

Key View

• After a likely narrowing in 2018, chiefly due to birr depreciation, we expect to see Ethiopia's current account widening again in 2019.
• While import demand, particularly from the private sector, will likely come in somewhat restrained in 2018 - reflecting devaluation of the currency in 2018 - it is likely to increase in 2019 as

• While low coffee prices will subdue overall export receipts, increased production of electricity, leather products and other agricultural goods will see export growth remain positive.
• Owing to the devaluation of the birr in October 2017, import demand is likely to be somewhat subdued given the increased price of consumer and capital goods in