African Business Forum

rsations about successes and solutions to increase trade with and investment in Africa. Our aim is to strengthen ties between the business world and one of the world’s most dynamic and fastest-growing regions. Creating partnerships that will promote trade, accelerate job growth, and encourage investment. Africa is the world’s next great economic success story especially Ethiopia. With Africa’s growth expected to reach above five percent in 2016 and Ethiopia by 11%, the continent is now home to six of the ten fastest growing economies in the world. In 2000 GDP was $331 billion. By 2012 it quadrupled to $1.3 trillion and the IMF estimate it to reach $1.9 trillion by 2018. Africa’s advantages include vast untapped resources including Oil, Gas, Gold, Agriculture and precious metals. Foreign investment in key sectors such as Energy, Consumer goods & services, Telecoms and Infrastructure. By 2040, Africa will have a larger workforce than China. Ethiopia with a population of 94.1 million, the (IMF) ranks Ethiopia as among the five fastest growing economies in the world. The number of dollar millionaires in the east African nation rose from 1,300 in 2007 to 2,700 by September this year..