This emerging economic star of Africa is the biggest coffee producer in the world and acts as one of the country’s main exports. Globally Ethiopia is the 10th largest producer of livestock with many more vital export commodities such as khat, gold, leather products, and oil seeds. Recent development of the floriculture sector implies that Ethiopia is transforming as one of the top flower and plant exporters world-wide.
Ethiopia is a multilingual society comprised of roughly 80 ethnic groups, so you can almost be certain that cultural diversity is evident and working environments will never be the same….or never be boring. If anything, you might be exposed to some language barriers, however, a diverse working environment is better than working among colleagues all of the same backgrounds. I have often read (and believe it too) that companies always perform better if employees come from different backgrounds, beliefs and culture. Now I am going to provide you with some insight concerned with the Mining, Oil & Gas, Engineering as well as Banking / Insurance / Finance/ Legal.
Mining in Ethiopia, especially over recent years, has served as an important element to the economy. Mining for gold is a key development sector in the country with gold exports dramatically rising over the last several years. Gold, gemstones (diamonds and sapphires), and
Ethiopia has discovered coal reserves in three separate areas projecting to a noteworthy amount. Additional reserves have been located in the Western part of the country. Tantalum is used to produce electronic devices such as mobile phones, cameras, computers and so much more, and Ethiopia’s mining programme is the sixth largest in the world.
Ethiopia’s main gas fields, Calub, Hilala and Genale, are located in the south-eastern part of the country in the Ogaden Basin. The gas resources potential of these fields has been projected to amount to 4.6 Trillion Cubic Feet (TCF).
Among East Africa’s oil and gas boom, drilling activity in the vast Ogaden desert region of Ethiopia has dramatically increased and evidence that all the elements of a working petroleum system exist. In addition, some permeable Jurassic carbonate rocks in the Hamanlei formation can be considered potential reservoirs.
Engineering in Ethiopia is currently serving as a source to equip the region with structural, mechanical, construction and software engineering practices. There are several establishments set up in Ethiopia that are concerned with improving transport, water, hydropower and energy, geo-technics and tunnels and social development .
Economic ties are growing fast with Kenya, with plans to export electricity from Ethiopia and increase road infrastructure and other links for trade and exports.
Ethiopia’s government has framed an ambitious development strategy, the focus of which is private sector development in order to maintain the vast growth the country has seen over the last several years. The country has enjoyed an average growth of roughly 10% over the past few years and seems determined to compete with the many other African giants. The country’s banking system is also boosting the economic sector as it is comprised of highly dynamic establishments. The Ethiopian Birr the currency used and is the second-most-used currency in Africa.
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