TOMAD International Inc.(Booth # 151) will be participating in the 3rd Annual, AutoExpo Africa in Addis Ababa, Ethiopia. The 2020 AutoExpo conference will be held from February 24-26 at the Millennium Hall and this event bellows to the largest chain of Automotive & Spare Parts exhibitions in Africa. Last year, this event had exhibitors from over 22 countries.
With a population of over 107 million people, Ethiopia is the second-most populous country in Africa. Over the last decade, Ethiopia has had one of the fastest-growing economies in the world. In 2017, Ethiopia’s real Gross Domestic Product (GDP) expanded by 10.9 percent and is expected to grow by 8.5%, according to the World Bank.
Ethiopia was Africa’s fastest-growing economy in 2015 and has the continent’s second-largest population. At the foundation of the automotive potential in Ethiopia are the state-driven economy and a government that is geared towards industrialization, making it one of the most promising African markets to enter in the industry.