Ethiopia’s Investment Environment Encouraging
Ethiopia received 953 million USD worth of Foreign Direct Investment (FDI) in 2013, according to the World Investment Report 2014, by the United Nations Conference on Trade and Development (UNCTAD)....
View ArticleWire, Cable Production Plant Commence Pilot Production
The wire and cable production plant under the Ethiopian Power Engineering Industry (EPEI) has started pilot production, the Industry said. During the trial period, the factory expects to produce 500...
View ArticleGovernment to Create Favorable Condition for Manufacturing Sector
Prime Minister Hailemariam Dessalegn said a favorable condition wherein local investors could engage in manufacturing would be created by removing the obstacles that hamper them from entering the...
View ArticleOilseed Overtakes Coffee as Ethiopia’s Top Export Earner
Export of oilseeds has become the biggest foreign exchange earner for Ethiopia overtaking coffee, the country’s number one export item for decades. A ten-month performance report obtained from the...
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Dairy Innovation Fund: Application Guideline and Form
Recognizing the great vision, determination and encouraging progress of ESAI; the Irish Aid (through its Private Sector Innovation Fund) has commenced collaboration with PCI and USAID in this...
View ArticleEcolodge Breaks Ground in Ethiopia’s Simien Mountains National Park
Limalimo Lodge, funded by African Wildlife Capital, scheduled to open in fall of 2015 and bring benefits to area’s wildlife and people African Wildlife Capital (AWC), a mission-based investment company...
View ArticleThe 9th Ethiopian Diaspora Business Forum to be held on August 2-3, in...
The 9th Ethiopian Diaspora Business Forum will be held on August 2-3, 2014 at The George Washington University and Grand Hyatt Washington, respectively. This year marks the 9th year since The Ethiopian...
View ArticleMove to Widen Indian Investments in Continent
As part of a major push to expand Indian business investments across the African continent, a delegation of the Confederation of Indian Industry (CII) is here interacting with Ethiopian business...
View ArticleEthiopia Grants Oil Exploration Concession to Russian Firm
Ethiopia’s Ministry of Mines on Thursday granted an oil-exploration concession to Russian energy company GBP Global Resources. The exploration agreement was signed by Ethiopian Mines Minister Tolosa...
View ArticleDow Chemical Opens Ethiopian Office
The Dow Chemical Company, an American multinational chemical corporation, and a manufacturer of plastics, chemicals, and agricultural products opened a subsidiary office in Ethiopia. The company...
View ArticleEthiopia Earns 245 Million USD from Horticultural Products
The Ethiopia Horticulture Development Agency said 245 million USD was earned from export of flowers, vegetables and fruits during the just-ended Ethiopia fiscal year. Agency Director-General Alem...
View ArticleAddis Ababa Doubling in Size Gives Africa another Hub
Ethiopia, Africa’s fastest-growing economy, is looking to its capital to help sustain an expansion that averaged more than 10 percent a year in the past decade. Planners predict the population of Addis...
View ArticleTurkish Investors Top List for Quality
The newly restructured Ethiopian Investment Commission announced that Turkish Foreign Direct Investment (FDI) to Ethiopia is leading the group of emerging economies that have shown interest in...
View ArticleBelgian Ambassador Calls for Consolidated Economic Relation
Ethiopia and Belgium should strengthen their economic relation by using the strong diplomatic tie they have developed, Belgium’s Ambassador to Ethiopia said. In an exclusive interview with ENA,...
View ArticleThe Coming of the Multinationals
New foreign policy direction has been in the works in Ethiopia during the past few years. It is a slow evolution to the so-called ‘economic diplomacy’ and by now, the focus of the Ethiopian diplomatic...
View ArticleDubai Chamber Discusses Trade Ties with Ethiopia Mission
The Dubai Chamber of Commerce and Industry received a trade mission from Ethiopia seeking stronger bilateral ties with the emirate. The delegation, led by Shisema Gebresilassie, head of the trade and...
View ArticleGeneral Electric negotiating to invest in Ethiopian Energy sector
The American multinational conglomerate which is one of the five biggest companies in the world, General Electric (GE), has started negotiation to invest part of its revenue in the Ethiopian energy...
View ArticleAhmet Aydeniz Construction Desirous to Invest in Ethiopia
Owner of Ahmet Aydeniz Construction Company, a Turkish-based company, Ahmet AYDENİZ expressed desire to invest in Ethiopia. After discussing with President Mulatu Teshome, Aydeniz told reporters that...
View ArticleInvesting in Agro-Processing Profitable
Investing in Ethiopia in agro-processing industry would make investors profitable, Precise Consult International, a private consultancy firm said. Speaking in an AGRF pre-event about investing in...
View ArticleEthiopia attracting Foreign Floricultural Investment, Technology
The Ethiopian floriculture sector is suitable to the European flower market An Ecuadorian investor said he has begun introducing state-of-the-art technology to the Ethiopian floriculture sector which...
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