Amhara Region
The economic level of the region is overly impressive and this is mostly as a result of the abundance of natural resources such as water and fertile soils. Agriculture is the main foreign exchange earner sector and it also gives rise to other industries and fields open for investments. The different investment fields available in the Amharic region and how they are viable to potential investors.
Tourism
This is among the most lucrative sectors for an investor especially in this region. For the past five or so years, this industry has experienced a flurry of activities brought about by tourist frolicking the area eager to visit different sites. This has prompted the construction of a couple of tourists’ five-star hotels and they have been fetching good returns. As indicated by UNESCO, there are a number of tourist destinations such as the Lalibela hock-hewn churches, Fasil Castel, Simien Mountain national park and Lake Tana monasteries.
These are just but a few sites mentioned to show the potential of the region. If you are interested in investing in the tourism sector then you should be confident because you will be assured of both local and foreign visitors eager to visit these interesting sites.
Agricultural and Livestock
This is also another major sectors for potential investors in the Amharic region, in fact we can mention for a fact that it is the most lucrative sector considering that Agricultural exports is the top earner of revenue for the federal government. The area receives adequate rainfall and also according to reports from the ministry of Livestock, 22% of milk from the whole country comes from this region. For an investment in this sector, you can never go wrong because of the support from the government and also reliable and favorable climatic conditions
Coffee and Oilseed export
The export of oilseed and coffee has been the leading foreign income earner for the country. The high quality whitish Humera sesame seed and Yirgacheffe Coffee that fetches high international market prices are some of the varieties that do well. Given that most of these products come from the Amharic region, this makes the investment opportunity for exporting these products quite lucrative. The government had promised to open up the cultivation of virgin land and also provide better technology and infrastructure for the farmers to ensure that production is at the maximum.
There is rain in abundance and we also mentioned that the region is a source for several major rivers. This means that even if there is inadequate rainfall, the investor might decide to use irrigation as another source of water.This is also one of the most fertile regions in the country and therefore there is a guarantee of bumper harvests resulting into more product for export.
Healthcare
The government of Ethiopia has been taking measures to ensure that it is in a position to provide better healthcare to the citizens. This is among some of its goals and therefore that makes healthcare quite an important investment sector. Using the Amharic region as a flag bearer to its healthcare goal, the government is more than willing to partner up with both local and foreign investors to ensure that it achieves this feat.The Amharic region is growing at a considerable rate especially for the middle class and therefore this means that there will be an increase in both communicable and non-communicable diseases thus calling for enhanced health care.
Textile
In the year 2009 the government of Ethiopia launched a project called the plan for accelerated and sustainable development to end poverty. This project was launched in the Amharic region in conjunction with private investors. The government entered an MOU with private investors and provided more than adequate land to build a textile factory and to also plant cotton. This move ensured that it provided the locals with employment and at the same time, the government was in a position to export the textiles to other countries.
This is another sector which can be quite beneficial because of the support from the government and also, the local banks provide loans to the investors to ensure that they have a smooth running and operation. As mentioned earlier on, there is an influx of USA garment manufacturing industries to Ethiopia because of the high tariffs imposed on the China garments.