Ethiopia Geography, Economy, and Culture

A country located in the Horn of Africa, Ethiopia boasts a rich and ancient culture which, in modern times, won freedom after a brief Italian reign in 1941. With its capital in Addis Ababa, Ethiopia has the second largest population in Africa, after Nigeria. Politically, it is a one-party state whose Prime Minister has recently launched a campaign of political liberalization. Ethiopia is a poor country that was beset by severe drought and civil conflict which left it in a state of turmoil until 1991, followed by a period of relative stability.

With a population of 105,350,020, Ethiopia has a GDP of $80.87 billion and one of the fastest growing economies in Africa.  It has a unique cultural heritage in being the home of the Ethiopian Orthodox Church which comprises of the oldest Christian denominations in the world. There are several ethnic groups in the country which are divided into ethnically-based, politically autonomous regional states, each with their own dominant language such as Oromo and Amharic.

2021
April 30Ethiopian Good Friday
May 1International Labor Day
May 2Ethiopian Easter Sunday
May 5Patriots’ Day
May 13Eid ul Fitr
May 28Derg Downfall Day
July 20Eid al-Adha
September 27Meskel
October 19The Prophet’s Birthday
  • Societas cooperativa Europaea (SCE)
  • Societas Europaea (SE)
  • Societas privata Europaea (SPE)
  • Corporate Tax: N/A
  • Income Tax (Lowest Marginal Rate): N/A
  • Income Tax (Highest Marginal Rate): N/A
  • VAT/GST/Sales Tax: N/A
  • BANKS (Local Bank)
  • National Bank of Ethiopia (Local Bank)
  • Awash International Bank (Local Bank)
  • Bank of Abyssinia (Local Bank)
  • Berhan International Bank (Local Bank)
  • Buna International Bank (Local Bank)
  • Commercial Bank of Ethiopia (Local Bank)
  • Construction and Business Bank (Local Bank)
  • Cooperative Bank of Oromia (Local Bank)
  • Dashen Bank (Local Bank)
  • Development Bank of Ethiopia (Local Bank)
  • Lion International Bank (Local Bank)
  • Nib International Bank (Local Bank)
  • Oromia International Bank (Local Bank)
  • United Bank (Ethiopia) (Local Bank)
  • Wegagen Bank (Local Bank)
  • Zemen Bank (Local Bank)

Aadmi can support you with your expansion to Ethiopia. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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