Africas-Electric-Vehicle-Revolution.jpg

Top 10 African Nations Pioneering Electric Vehicle Adoption

Government policies are crucial in driving the growth of electric vehicles in Africa. Ethiopia, for instance, is emerging as a critical player in the continent’s electric vehicle landscape, with an estimated 5,000 to 7,000 electric vehicles on the roads. This growth is largely driven by favourable government policies that promote sustainable transport and attract investment. Ethiopia’s abundant renewable energy resources, mainly hydroelectric power, further support its commitment to electric mobility.


top-10-African-cities-GDP-by-2035.jpg

By 2035, Africa’s top 100 cities, each with populations exceeding one million, are expected to contribute over 60% of the continent’s GDP. Rapid urbanization will foster more dynamic consumer markets and sophisticated commercial hubs, enhancing industrial production and trade networks. While major urban centres like Cairo, Lagos, and Johannesburg will continue to dominate economically, emerging cities such as Kinshasa, Dar es Salaam, and Addis Ababa will likely experience significant growth driven by infrastructure development and urbanization. The Economist predicts that Addis Ababa will achieve an impressive GDP growth rate of 10.6%, the fastest among the ranked cities. This growth is primarily attributed to the city’s ongoing urban transformation and modernization projects, which are crucial for attracting foreign direct investment and positioning Addis Ababa as a regional hub for multinational corporations and international financial institutions. Ethiopian Airlines, one of Africa’s largest airlines, further solidifies the city’s role as a corporate and MICE tourism destination.


top-10-130.jpg

The Foreign Carriers with the Most Flights to & from Addis Ababa

Addis Ababa Bole International Airport (ADD) is the most crucial airport in Ethiopia. It is the gateway for numerous international and domestic flights in the national capital and is vital to the Ethiopian aviation industry and economy.

Ethiopian Airlines, the country’s flag carrier, has the most significant presence at the airport. However, other airlines also have a considerable presence. Plenty of other airlines service ADD from all over the world.


top-10-ebr-130.jpg

Africa’s Rise
A Continent of Diversifying Economies

The latest forecasts paint a promising picture of Africa’s economic landscape in 2024. The International Monetary Fund (IMF) reports a shift in the continent’s power rankings, with South Africa taking the lead as the largest economy, surpassing Nigeria and Egypt. While Nigeria faces internal challenges, other countries like Ethiopia demonstrate impressive growth. Ethiopia, now the fifth largest economy, is projected to maintain economic stability until 2030 thanks to ongoing reforms and strategic investments in critical areas. This highlights the crucial role of policy decisions and targeted spending in shaping a nation’s economic future.


Top-10-Female-Entrepreneurs-Business-Leaders-in-Africa.jpg

Africa is home to a remarkable group of top female business leaders making significant contributions and breaking barriers in various industries. These women are reshaping the continent’s economic landscape and inspiring countless others to pursue their entrepreneurial dreams. From Kenya’s Njeri Rionge, a pioneer in the IT sector, to Angola’s Isabel do Santos, the wealthiest woman in Africa, and Nigeria’s Folorunsho Alakija, a successful businesswoman in the oil and fashion industries, and Ethiopia’s Bethlehem Tilahun Alemu, a prominent entrepreneur, has emerged as one of the top female business leaders in Africa.


top-10-ebr-125.jpg

Africa, the world’s second-largest continent in terms of land area and population, holds a prominent position on the global stage, rivalling only Asia. With over 11,724,000 square miles (30,365,000 square km), Africa covers approximately one-fifth of the Earth’s land surface. Its geographical features are diverse and captivating, with the continent bisected by the Equator, positioning most of its territory within the tropical region.



According to the International Monetary Fund (IMF), several highly indebted emerging countries have obtained significant loans from China. These loans are part of China’s broader investments in global infrastructure through the Belt and Road Initiative (BRI), also known as the New Silk Road. Launched in 2013, the BRI is an ambitious project to create an extensive network of railways, energy pipelines, highways, and streamlined border crossings.




Ethiopian Business Review | EBR is a first-class and high-quality monthly business magazine offering enlightenment to readers and a platform for partners.



2Q69+2MM, Jomo Kenyatta St, Addis Ababa

Tsehay Messay Building

Contact Us

+251 961 41 41 41

Addis Maleda
x