What's Hot

    Free trade: Qatar and Morocco conclude second round of talks

    January 31, 2023

    MENA startups raised almost USD 4 billion in 2022

    January 30, 2023

    Autochek acquires KIFAL Auto, expands to North Africa

    January 27, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      KarmSolar receives USD 3 million to develop Farafra Solar Grid

      January 11, 2023

      AD Ports Group reports strong growth

      January 3, 2023

      Hyosung Heavy Industries to start construction on South African energy storage project

      December 12, 2022
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Free trade: Qatar and Morocco conclude second round of talks

      January 31, 2023

      Gold-for-oil: Ghana attempts to address forex pressures

      January 18, 2023

      AD Ports Group reports strong growth

      January 3, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      Social investment platform InvestSky raises USD 3.4 million

      Business Entrepreneurship Finance January 12, 2023
      Recent

      Social investment platform InvestSky raises USD 3.4 million

      January 12, 2023

      African startups face challenges in 2023

      January 10, 2023

      MENA startups raised USD 125 million in December

      January 6, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Business & Trade

    Ethiopia-UAE trade surpasses USD 2.5 billion over five years

    June 10, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ethiopia
    Agricultural products account for approximately 70% of Ethiopia's exports.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Trade between Ethiopia and the UAE passes USD 2.5 billion over five years as Sharjah welcomes an economic delegation from Addis Ababa.

    Boosting Ethiopia’s creative economy

    Trade between Ethiopia and the UAE has surpassed USD 2.5 billion over the past five years, according to the Ethiopian Ministry of Trade and Regional Integration. The Ministry’s Director-General of Trade Relations and Negotiation, Mussie Muddeye recently claimed.

    During a webinar titled “Creative Economy between the UAE and Ethiopia” Muddeye stated that Ethiopia’s exports to the UAE stood at more than USD 650 million between 2016 and 2020, while imports from the UAE reached over USD 1.8 billion.

    Muddeye claimed that the potential for expanded trade between the UAE and Ethiopia was encouraging, saying that Ethiopia was one of the fastest growing non-oil economies in Africa.

    According to Muddeye, Ethiopia has exported over USD 3.28 billion in the current fiscal year. Agricultural products account for approximately 70% of the country’s exports. Investment Promotion Director at the Ethiopian Investment Commission, Aschalew Tadesse, also said that the country benefits from largely untapped natural and human resources.

    “To harness this creative potential, the government has given paramount importance to the development of creative industry,” he said. Tadesse went on to say that there was a need to strengthen the relationship between the UAE and Ethiopia in order to diversify the economy and to help bring new technologies into the Ethiopian market.

    During the webinar, Omar Khan, Director of International Offices at the Dubai Chamber, claimed that Ethiopia’s young population showed great potential for the development of creative industries and highlighted Dubai’s strong creative economy and its success in attracting FDI.

    Ethiopian trade delegation

    The webinar took place at a time when The Sharjah Chamber of Commerce and Industry (SCCI) is hosting a delegation from Addis Ababa with the aim of exploring further economic opportunities. Meetings between the two parties covered potential trade and investment opportunities between Ethiopia, the Emirate of Sharjah and private UAE business communities.

    Abdullah Sultan Al Owais, Chairman of SCCI met with Aklilu Kebede Erena, Consul-General of Ethiopia in Dubai and the Northern Emirates. Both parties expressed their desire to strengthen economic relations between Sharjah and Ethiopia, as well as to reinforce economic activities and investment projects that will increase trade exchange and future opportunities.

    Mediation and food security

    The UAE is currently intending to mediate between Ethiopia, Egypt and Sudan over the Grand Ethiopian Renaissance dam project. The dam is intended to generate hydroelectric power, however disputes over the right to use the waters of the Nile River have led to heightened tensions. The UAE is reported to have substantial investments in the Sudanese agricultural sector and has food security concerns.

    The issue of food security has gained increased prominence given the issues caused by the Ukraine conflict, the global shipping backlog and the rising cost of products such as wheat.

    agriculture Ethiopia trade UAE
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleMorocco to host UAE delegation in efforts to bolster economic cooperation
    Next Article DXwand secures USD 1 million to expand across MENA region

    Related Posts

    Business & Trade

    Free trade: Qatar and Morocco conclude second round of talks

    January 31, 2023
    Business Innovation Startups

    MENA startups raised almost USD 4 billion in 2022

    January 30, 2023
    Business Entrepreneurship Innovation

    Tabby raises USD 58 million in Series C round

    January 20, 2023
    View 2 Comments

    2 Comments

    1. Pingback: Dubai Chambers registers over 1,600 African firms since October 2021

    2. Pingback: Ethiopia and Dubai work to improve digital and economic partnerships

    Leave A Reply Cancel Reply

    LATEST STORIES

    Free trade: Qatar and Morocco conclude second round of talks

    January 31, 2023

    MENA startups raised almost USD 4 billion in 2022

    January 30, 2023

    Autochek acquires KIFAL Auto, expands to North Africa

    January 27, 2023

    Wafeq raises USD 3 million in seed round

    January 26, 2023

    African startups double debt financing

    January 25, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.