Chinese Official Classifies Ethiopia as Special Hub
Ethiopia, besides Kenya and Tanzania, will develop into the flagship of China Africa Cooperation, said Chinese Official. During a press conference held in Beijing, Ambassador Lin Songtian,...
View ArticleCucina Trading to Open Franchised Restaurants with 30m Br Capital
A second group of franchised restaurants in Ethiopia will be established following an agreement signed between Spur Corporations, an internationally branded restaurant franchisor and a newly...
View ArticlePM Lays Foundation for Hawassa Industrial Park
Favorable conditions are being created to make the industrial sector take a leading role in the country’s economy, Prime Minister Hailemariam Dessalegn said. Speaking at the laying of cornerstone for...
View ArticleClik here to view.
Guang Dong of China aspires more investments in Ethiopia
China’s leading economic and trade hub, Guang Dong Province is keen to further boost its trade and investment ties with Ethiopia, Provincial authorities said. Companies based in the province are...
View ArticleBoard of Investment of Thailand eyes new markets in Kenya, South Africa,...
The Board of Investment of Thailand has urged Thai operators to consider doing businesses in new markets in Kenya, South Africa, Ethiopia and Uzbekistan where trade opportunities remain plentiful. The...
View ArticleDangote Cement to Commence Production Next Month
The newly built cement plant, Dangote Cement, which owned by the Dangote Group, will be fully operational after a month. Dangote Cement’s involvement in Ethiopia in the Oromia regional state, about 85...
View ArticleEthiopia’s stellar growth: Lessons for Kenya – and perhaps South Africa
Over the last decade, Ethiopia has emerged as one of the fastest-growing – perhaps the fastest-growing – economies in Africa. Even though “double-digit” growth has become something of an official...
View ArticlePoverty in Ethiopia Down 33 Percent Since 2000
Progress driven by agricultural growth, investments in basic services and effective safety nets Agricultural growth was the main driver of poverty reduction in Ethiopia since 2000, according to the...
View ArticleEthiopian Farmers are Getting 60% More of the Value
Having launched operations in 2008, the Ethiopia Commodity exchange has moved out of its pilot phase and plans to ramp up technology to improve speed and traceability. The Africa Report: What has the...
View ArticleICRISAT to take up Agri Research in Ethiopian Drylands
Hyderabad-headquartered International Crops Research Institute for Semi-Arid Tropics (ICRISAT) and an Ethiopian institute will jointly work towards new approaches in the field of agricultural research...
View ArticleChamber Underlines Strengthening Agro-Processing, Hospitality Industry Relations
The Addis Ababa Chamber of Commerce and Sectoral Associations yesterday disclosed the opening of the 8th Edition of Agrifex with the theme: “Promoting Agro-processing Industry for Food Security”, and...
View ArticleClik here to view.
Standard Bank eyes Ethiopia
One of the leading banks in Africa, the South Africa-based Standard Bank, is looking into opportunities that will enable it to finance investment projects in Ethiopia. Jaz Vanmali, head of construction...
View ArticleClik here to view.
Ethiopian extends its wings to Nippon
The fastest growing airline in Africa, Ethiopian Airlines, on Tuesday launched a thrice weekly flight to Tokyo, Narita International Airport. The only direct connection between Africa and Japan is...
View ArticleJuniper Glass Industries to Open Factory in Debra Birhan, at $50m
The number of beer factories has doubled and this has increased the demand for bottles Juniper Glass Industries Plc is to open a factory on 12ht of land in Debre Birhan with a 50 million-dollar capital...
View ArticleClik here to view.
New Shoe and Leather Factory Invests $35m in Debre Birhan
My Shoes will be the fourth foreign-owned leather shoe factory of 20 in operation and will increase capital outlay to $60m in three years A Turkish shoe company laid its cornerstone on a 70,000sqm plot...
View ArticleClik here to view.
Government Re-thinking Ban on Private Palm Oil Imports
Private businesses were banned from importing palm oil when its price got out of control The government is reconsidering its ban on private companies importing palm oil, which has been in place since...
View ArticleClik here to view.
Government Aims to Quadruple Coffee Production in Five-Years
The Ministry of Agriculture (MoA), in concert with the Ministry of Trade (MoT) has finalized a Coffee Development Strategy that will be used to boost coffee production in the second Growth and...
View ArticleClik here to view.
Ethiopia Expects 2015 Investments to Rise to $1.5B
Investors will earmark more money for Ethiopia this year than ever before, thanks to policies that have transformed the country into a manufacturing hub offering cheap power generation, low wages and...
View ArticleAnnual Development Effectiveness Review 2014
Each year the African Development Bank publishes the Annual Development Effectiveness Review (ADER) to provide an overview of how it contributes to Africa’s development. The ADER 2014 is the fourth in...
View ArticleClik here to view.
MoM Says Mining Sector Helping Transformation of Economy
The mining sector is contributing hugely to the transformation of the economy by supplying minerals required as industrial inputs amply, Ministry of Mines (MoM) announced. MoM Communication Director,...
View Article