Is Ethiopia on your radar? It should be. With one of the most impressive economic growth stories in Africa and globally, Ethiopia presents exciting investment opportunities for the astute investor. The country’s economy grew by 10% over the past 15 years and is set for comparable growth rates in the coming years. Many state-owned enterprises are in plans to be privatized; and the government has set up 5 industrial parks, with plans to scale them up to 30. While there are many local challenges in infrastructure, healthcare, agriculture and more; they also present opportunities for entrepreneurs, which will boost the country’s economy. Read the whole article at World Economic Forum.
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Are you construing opportunities for challenges? The story of Bethlehem Tilahun Alemu, founder and managing director of SoleRebels, should inspire you to think and act differently. Founded in Ethiopia in 2005, shortly after Bethlehem graduated college, SoleRebels is now the world's fastest growing African footwear brand. The company employs hundreds of people, manages over 100 stores and ecommerce channels and is expected to achieve over $200 million in revenues by 2019. How was this possible? SoleRebels was able to tap into the craftsmanship heritage of Ethiopia as well the unique geo-location of country that enabled an ecommerce strategy toward Europe. Learn more about Bethlehem and Solerebels story at Solerebels.com.
What other young African manufacturing pioneer to do you know? Share.