What is the most profitable business in Ethiopia?

What are the top 5 most profitable businesses?

For comparison, the average profit margin of companies on the Standard and Poor’s (S&P) 500 was 11% in 2017.

  • Accounting, Tax Preparation, Bookkeeping, and Financial Planning. …
  • Real Estate Leasing. …
  • Legal Services. …
  • Outpatient Clinics. …
  • Property Managers and Appraisers. …
  • Dental Practices. …
  • Offices of Real Estate Agents and Brokers.

What business is profitable in Ethiopia?

Top profitable business ideas in Ethiopia

  • Bakery. Here are a few examples of businesses in bakery that have become profitable in bakery. …
  • Daycare and Nursery. The work of daycare is a job that requires caution. …
  • Recreational centers. …
  • HCB factory. …
  • Production of Salt and Soap. …
  • Computer maintenance. …
  • Music industry. …
  • Driving Schools.

22.11.2019

What are the business opportunities in Ethiopia?

Six Sectors of Investment Opportunities in Ethiopia

  • Transport Infrastructure. Many national and regional projects are currently being undertaken to improve the transportation system for land, air or sea travel.
  • Industrial Sector. …
  • Agriculture. …
  • Energy. …
  • Mining. …
  • ICT.
IT IS INTERESTING:  Can a minor be a director of a company in Nigeria?

How can I make money from home in Ethiopia?

  1. 2.1 Build and monetize your blog.
  2. 2.2 Start a YouTube Channel.
  3. 2.3 Start Working on Freelance Sites.
  4. 2.4 Make Money in Ethiopia Using Your Social Media.
  5. 2.5 Betting sites.
  6. 2.6 You can resell Webhosting, domain names and websites.
  7. 2.7 Sell your products online.
  8. 2.8 Design a website for an organization.

Which industry makes the most money?

Highest-Paying Industries

Highest Paying Industries Sort by: Wages: High to Low Wages: Low to High Industry: A to Z Industry: Z to A
Rank Industry Average Annual Wages
1 Portfolio Management $288,779
2 Investment Banking and Securities Dealing $279,480
3 Electronic Computer Manufacturing $246,419

What is the best business for 2020?

Let us discuss the best and small business ideas in 2020 in India.

  • Affiliate Marketing. This is an entirely online business idea. …
  • Content Marketing. This is another very good way of earning online. …
  • Blogging. …
  • Coaching Classes. …
  • Recruitment Services. …
  • Professional Photography. …
  • Translation Services. …
  • Franchise Business.

26.01.2020

What is a good business to start in Ethiopia?

20 Best Small and Big Business Opportunities in Ethiopia for 2021

  • Building Management. Building Management is a business that is also sometimes called facility management. …
  • Brick Making. …
  • Cleaning Services. …
  • Consultancy Services. …
  • Advertising Agency. …
  • Vending Machines. …
  • Real Estate. …
  • Bakery/Pastry Shop.

What is the easiest business to start in Ethiopia?

50 Best Small Business ideas & Opportunities in Ethiopia

  • Agriculture and Food Processing.
  • Manufacturing Industry.
  • Real Estate.
  • Vending machines.
  • Milling Plants (Wheat and Maize)
  • Event management and Party planning.
  • Consultancy.
  • Schools and Colleges.
IT IS INTERESTING:  Your question: How many major languages are in Nigeria?

How do I start a business in Ethiopia?

Sole-Proprietorship

  1. Step 1: Collect information from Ethiopian Investment Commission (EIC) Information and Investment Promotion Department about requirements, incentives and etc.
  2. Step 2: Collect application form here Investment Permit Application Form or EIC information desk,

How much do I need to start a business in Ethiopia?

The minimum capital requirement to establish a Private limited company is ETB 15,000. The Liability of a Private Limited Company is limited to the company’s assets. The cost of incorporation for private limited company is not less than SOUSD.

What is the problem in Ethiopia small business?

Some of the challenges and problems include high level of unemployment, high poverty incidence, lack managerial skills and low industrialization capacity, lack of finance, inconsistent government policies and inadequate infrastructure and insecurity of the business climate among others.

Is Ethiopia a good place to invest?

Ethiopia is expected to become an industrial-based economy. Ethiopia has maintained strong investor interest as one of the top investor destinations in Africa, becoming the second largest FDI recipient in Africa.

How become rich fast?

How to get really get rich – it takes patience and focus

  1. Make more money. While making more money will not make you rich overnight, ramping up your earnings is definitely one way to get rich. …
  2. Invest in yourself and your education. …
  3. Educate yourself about personal finance. …
  4. Create and stick to a financial plan.

11.04.2021

How much money can you take to Ethiopia?

The Government of Ethiopia has put a new restriction on the foreign currency that travelers may bring into Ethiopia. Foreign passport holders are now only allowed to bring in foreign currency not exceeding the equivalent of 3,000 dollars and change any higher amount into birr at the airport upon arrival.

IT IS INTERESTING:  When did music start in Nigeria?

Can I make money on YouTube in Ethiopia?

Anyone with a YouTube Channel from Ethiopia cannot officially monetize their YouTube channel directly. The program is designed to allow content creators to monetize their content on the site directly, but this opportunity is not given to all countries in the world.

Across the Sahara