Turning energy into an engine for growth
Improving the quality of life for city dwellers
Supporting the private sector and job creation
Ethiopia is a country with 98 million inhabitants in a territory covering 1.1 million km2 in the Horn of Africa. Its annual economic growth stood at 10.4% between 2004 and 2014, i.e. one of the highest for a non-oil producing Sub-Saharan African country. This performance is the result of a proactive policy implemented by the Government via the Growth and Transformation Plan (GTP). It aims to modernize agriculture, develop industry, strengthen and diversify exports, extend and modernize infrastructure and support social services.
Indeed, Ethiopia is also a largely agricultural country with limited industrialization. The Ethiopian Government’s objective: ensure green, strong and inclusive growth to allow Ethiopia to achieve middle-income country status by 2025.
AFD has had an agency in Ethiopia since 1997, but has been operating in the country since 1993. It operates through loans to the State, direct loans to State-owned companies and guarantees to facilitate access to financing (ARIZ). It focuses on the energy, water and urban development sectors, and also provides strong support to the private sector to boost growth and employment.
In 2017, the Addis Ababa agency celebrated the 20th anniversary since it opened in the country. Several events were organized during the year to celebrate this anniversary.