Heavy Industries will get Special Attention under GTP II
The Ministry of Industry will switch its focus to assist the incubation of heavy industries during the five years of the second Growth and Transformation Plan (GTP II) which will be launched after a...
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Ethiopia eyes Extra 12,000 MW in Power Projects by 2020
Ethiopia plans to launch hydropower dams and other renewable energy projects over the five years to 2020 that will add an additional 12,000 megawatts of electricity upon completion, a senior official...
View ArticleEthiopia to Double Number of Sugar Estates by November, eyes $500 Mln Revenue...
Ethiopia is on track to double the number of its sugar estates to six by November this year, a senior official said on Friday, and the Horn of Africa country hopes they will generate $500 million a...
View ArticleSudan, Ethiopia agree to Establish Free Trade Zones
Sudan’s State Finance Minister, Abdel-Rahman Dirar, said that Ethiopia has agreed to establish free trade zones between the two countries. Sudanese president Omer Al- Bashir and Ethiopian Prime...
View ArticleInstitute plans to build a New Leather Industry Village
Leather Industry Development Institute said that it has planned to build a new Leather Industry Village, constituting more than 17 factories, with a cost of 80 million USD. In his exclusive interview...
View ArticleEthiopia to get Giant Edible Oil Plant
A new edible oil plant said to be the largest in terms of production capacity will be operational by July 2016. The factory will be built in the town of Adama, in Oromia regional state after six months...
View ArticleAfrica to become World’s Manufacturing Hub through Industrial Cooperation...
The chief of the African Development Bank (AfDB) Donald Kaberuka says time has come for Africa to become the world’s manufacturing hub and this can be done through industrial cooperation with China as...
View ArticleEthiopia’s Development is Mostly People-Driven
Haddis Tadesse, Bill & Melinda Gates Foundation’s representative to Ethiopia and to the African Union talks about what is driving Ethiopia’s economic growth. Interview. Question: Why did the Gates...
View ArticleEthiopia’s Economy is on a Fast Lane of Growth – IMF
The International Monetary Fund (IMF) said Ethiopia is registering rapid economic growth. An IMF delegation today met and discussed cooperation on sustainable economic development in Ethiopian with...
View ArticleEthiopia turns Big Plans into Reality
Ethiopia is engaging in a highly ambitious railway construction program as the government attempts to lay the foundations for economic growth. Chinese finance is supporting the majority of the schemes...
View ArticleLos Angeles Trade Delegation set to Visit Ethiopia
Through its Foreign Commercial Service office the United States Embassy in Addis Ababa, Ethiopia, is set to host a trade and business delegation of members from the Los Angeles World Airports, the Los...
View ArticleTurkish Companies Interested in Establishing Joint Ventures with Ethiopians
Turkish investors are reportedly interested in working in partnership with Ethiopian investors in areas of pharmaceuticals, cosmetics and detergents. A business-to-business meeting was held between 115...
View ArticleCOMESA prepares 1st Strategic Plan for Private Enterprise
An Ethiopian enterprise engaged in production and export of footwear, owns a five-year strategic plan that enables it move production and capacity forward. The Common Market for Eastern and Southern...
View ArticleMeat Processing Firms preparing to run Ranch
Meat processing firms in Ethiopia are preparing themselves to run a ranch hoping that they could get high quality meat with sufficient amount for the export market. Many meat processing firms complain...
View ArticlePower Africa Initiative Coordinator Says Corbetti Project Testimony to...
U.S. Government Coordinator for the Power Africa Initiative said the Corbetti Geothermal Project that is being built in Ethiopia displays the priority the country gives for the energy sector. During a...
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Stock Market – An Apparent for Ethiopia, Ethiopians and Ethiopian Economy
ECX creates sustainable, favorable market places Ethiopia has been one of the fastest growing economies in Africa. Central Statistical Agency (CSA) reported Ethiopia has 88 million population second...
View ArticleEthiopia needs more Private Sector Investment to Sustain Growth: IMF
Ethiopia, whose economy is one of the fastest growing in the world, needs to encourage private sector by investment to sustain its rapid expansion, the International Monetary Fund said. Hefty state-led...
View ArticleBe Connected Industrial Inaugurated Two Garment Factories at $2.5m
The factories make prints and labels for textile manufacturers and exporters respectively Be Connected Industries, a multi-national Belgian–Dutch company, has officially inaugurated a garment printing...
View ArticleH&M’s Ethiopian Supplier Invests in Factory to Boost Revenue
Ethiopia’s Almeda Textiles, which sells clothes to Swedish fashion chain Hennes & Mauritz AB, plans to increase revenue by 50 percent to $30 million a year by 2018 by upgrading factory equipment...
View ArticleEthiopia and Brazil Sign Avoidance of Double Taxation Agreement
The avoidance of double taxation on profits derived from international air and shipping transport agreement was signed between the Government of the Federative Republic of Brazil and the Government of...
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