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India - Ethiopia Business and Cultural Council

Ethiopia, located in the Horn of Africa, is a diverse country with rich cultural heritage. Known for its ancient history and landmarks like Lalibela's rock-hewn churches, it’s the site of the origin of coffee and features varied landscapes and climates.

Ambassador and Consul General

The Global India Business Forum (GIBF), an international business chamber met the Ambassador of the Federal Democratic Republic of Ethiopia to the Republic of India, at the Ethiopian Embassy on November 19, 2024.
Founder and Global President of GIBF, Dr. Jitendra Joshi and Co-founder and Secretary General Deepali Gadkari shared about GIBF’s objectives and initiatives with the Ethiopian Ambassador, H.E. Fesseha Shawel Gebre. They conferred on the possibility of collaboration to bolster Ethiopia-India economic ties.
Dr. Joshi briefed the ambassador on GIBF’s initiatives to strengthen the robust economic relations between the two nations through India-Ethiopia Business and Cultural Council, an initiative by the GIBF.
The ambassador appreciated GIBF’s collaboration on promoting the Ethiopian trade and investment opportunities. He also reaffirmed the embassy’s commitment to implement the Memorandum of Understanding (MoU) signed between Addis Ababa Chamber of Commerce and Sectoral Associations and GIBF.
The GIBF team also presented the Honorary Membership memento to the ambassador and the GIBF brochure.

Gold, Coffee, Live animals, Oil seed, Flowers

Foodstuffs, Textile, Machinery, Fuel, Gas Turbines

About Ethiopia

The Federal Democratic Republic of Ethiopia, commonly called as Ethiopia, is a landlocked country, situated in East Africa. It shares its borders with countries like Ethiopia, Djibouti, Somalia, Kenya and many other countries. As of 2019, the population of Ethiopia stands at 109 million, making it the most populous landlocked country in the world. Addis Ababa is the capital of Ethiopia with a population of 45,592,000 as of 2019. It is also a country well known to have resisted colonization even when the other African countries were falling prey to the same. Even though the country was colonized by Italy from 1936 to 1941, it did not result in long-time colonization. Hence, some experts even consider Ethiopia to have never been colonized by any country. Ethiopia also has the second-largest number of heritage sites in the list of the United Nations World Heritage Sites. In the 1970s and 80s, the country witnessed civil conflicts and communist protests that hindered its economy but has since recovered

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Business Opportunities in Ethiopia

Since coffee is the largest export of Ethiopia, a lot of businesses dealing with coffee and its by-products can be successfully established. In fact, Starbucks buys most of its coffee beans from Latin America with 2% coming from Ethiopia.

Exports and Imports In Ethiopia

Overview In 2022, Ethiopia was the number 60 economy in the world in terms of GDP (current US$), the number 134 in total exports, the number 108 in total imports, the number 168 economy in terms of GDP per capita (current US$) and the number 98 most complex economy according to the Economic Complexity Index (ECI).

Top Exports of Ethiopia

The top exports of Ethiopia are Coffee ($1.55B), Gold ($546M), Cut Flowers ($255M), Other Vegetables ($235M), and Other Oily Seeds ($212M), exporting mostly to United Arab Emirates ($723M), United States of America ($557M), Germany ($274M), Saudi Arabia ($268M), and Somalia ($265M).

Top Imports of Ethiopia

The top imports of Ethiopia are Wheat ($1.07B), Refined Petroleum ($872M), Vaccines, blood, antisera, toxins and cultures ($549M), Palm Oil ($455M), and Nitrogenous Fertilizers ($437M), importing mostly from China ($2.92B), United States of America ($1.11B), India ($994M), United Arab Emirates ($764M), and United Kingdom ($541M).