AUTHOR: Bernard Laurendeau (Managing Partner, Laurendeau & Associates)
As part of their rightshoring strategies, Fortune 500's and multinationals have developed a knee-jerk reaction relocating their middle and back office processes to India, the Philippines, Eastern Europe, North Africa and Central America.
But as labor cost continues to rise in those parts of the world, some African countries are emerging as alternative destinations, especially due to labor arbitrage and the high availability of trainable talent.
Ethiopia is the second most populous nation in Africa, with more than two hundred thousand students graduating each year with a STEM degree. Talent cost is on average fifteen times cheaper when compared to western countries, and very competitive when even compared to South Africa.
You will find more details in the Offshoring to Ethiopia factsheet we developed in partnership with Briter Bridges (www.briterbridges.com)