Ethiopia ranks among top ten investment destinations in Africa

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Business Insider Africa has ranked Ethiopia among the top ten investment destinations in Africa, saying it is “Rewarding for investors”, mentioning its high GDP and resilient economy.

Being the second-largest African flower exporter and among the biggest producers of coffee worldwide, Ethiopia is rewarding for investors, Business Insider reported, putting the country at seventh place among the top ten investment destinations in Africa.

Despite the ongoing conflict, Ethiopia’s GDP stood at $93.97 billion, the magazine lauded, also noting its population of over 115 million.

While Ethiopia’s economy has shown a 6.1 percent growth between 2019 and 2020, Reuters predicts its growth will spike to 8.7 percent in 2022.

Business Insider put Nigeria, Egypt, and South Africa as the top three countries to invest in in 2022 in Africa, respectively.

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