Ambassador Urges Australia, Ethiopia to Expand Ties to Trade and Investment
Ethiopia and Australia need to capitalize on their 50 years diplomatic relation to strengthen economic ties, Australia’s Ambassador to Ethiopia said. In an exclusive interview he gave to ENA,...
View ArticleFirm Plans to more than Double Ethiopia’s Coffee
Horizon Plantations and Ethio Agri-CEFT reportedly plan to more than double Ethiopia’s coffee and tea exports. Part of the MIDROC umbrella group of companies, Ethio Agri-CEFT plans to expand its tea...
View ArticleThe Manufacturing Sector in Reinvigorating Investment
Currently, the mainstay of the nation’s economy is agriculture, which is characterized by rain-fed subsistence farming. The sector is a means of employment for 85 percent of the population. However, as...
View ArticleAddis Ababa Investment Agency to Commence One-stop Service
The Addis Ababa Investment Agency said it will start to offer a one-stop shop service next month to alleviate the problems encountered by investors and create favorable investment atmosphere in the...
View ArticleChinese Ambassador Urges Foreign Diplomats, Business Leaders to Explore and...
Chinese Ambassador to Ethiopia, La Yifan, has called on foreign diplomats and business leaders in Ethiopia to work together to explore and exploit the business opportunities in the country, according...
View ArticleIsrael Chemicals acquires Allana Potash for $150m
Israel Chemicals Limited (ICL) has fully acquired Allana Potash Corporation, the parent company of Allana Potash. The 150 million dollar sale followed approval by Allana’s shareholders as well as...
View ArticleAwash International Bank Hires KPMG to propel it to Top 10 within East Africa
Awash International Bank hired KPMG Advisory Services to help it become among the top 10 banks in Eastern Africa within the next ten years. Awash Bank’s President, Tsehay Shiferaw, and David Leahy,...
View ArticleChambers of Commerce Sign MoU to Explore Business Opportunities
The Addis Abeba Chamber of Commerce & Sectoral Associations (AACCSA) signed a Memorandum of Understanding (MoU) with a Los Angeles City Chamber on June 23, 2015. The MoU was signed by Elias Genete,...
View ArticleSher Ethiopia Plc to Inaugurate Expansion, Increase Flower Production
Sher Ethiopia Plc, which is implementing an expansion project in Adami Tulu, 170Km south of Addis Abeba in the Oromia Regional State on a 203ha plot of land, has so far, completed expansion ON 50 ha of...
View ArticleNation Finalizing Preparations to Become Full Member of Extractive Industries...
Ethiopia has reportedly been working to fulfill the necessary requirements which would enable it to become a full member of the Extractive Industries Transparency Initiative (EITI). The report on the...
View ArticlePartnering to Accelerate Investment, Industrialization, and Results in Africa
The Investing in Africa Forum: Partnering to Accelerate Investment, Industrialization, and Results, was held June 30-July 1, 2015, in Addis Ababa, Ethiopia, co-organized by the Government of Ethiopia,...
View ArticleDjibouti, Ethiopia, S. Sudan and Sudan to form New Trade Corridor
Djibouti, Ethiopia, S. Sudan and Sudan agreed to form a logistics authority called the Djibouti Corridor Authority (DCA) and a One Stop Border Post development project to facilitate the transit of...
View ArticleEthiopia: Towards a Rosy Future
During the course of the past eleven years or more precisely since Ethiopia set on the path of renaissance bringing in to play palpable policies and strategies, it has been exhibiting an 11 per cent...
View ArticleSix reasons why the Financing for Development Conference matters for millions
2015 is a pivotal year for development. In September, global leaders will agree on a new set of Sustainable Development Goals (SDGs) to guide the development agenda for the next 15 years. The proposed...
View ArticleEthiopia Eyes New, Emerging Coffee Export Market in GTP-2
Ethiopia targets the new and emerging markets in the Far East and Eastern Europe to increase its coffee export volume in GTP-2, Ministry of Trade disclosed. The country currently reaches about 45...
View ArticleEthiopia’s Per Capita Income Hits $700 – Official
Ethiopia’s per capita income has reached 700 dollars, the country’s National Planning Commission disclosed on Wednesday. The per capita income, which stood at 632 US dollars last fiscal year, has seen...
View ArticleEthiopia to Attract More Hotel Projects
Counting down to the fifth African Hotel Investment Forum (AHIF) to be hosted in Addis, brand operators are tramping to expand presence in Africa where Ethiopia belongs to the top 10 leading hotel...
View ArticleUsing trade to boost Africa’s industrialization
Deliberate trade policies could lead to growth Sanusi Lamido, a former governor of the central bank of Nigeria, once railed against his country for spending “huge resources importing consumer goods...
View ArticleEuropean Investment Bank opens First Office in Addis Ababa
At a ceremony held in Addis Ababa earlier today the European Investment Bank (EIB), Europe’s long-term lending institution, formally opened the bank’s first permanent representation in Ethiopia. The...
View ArticleNew UN-Backed Report Details Ways to Boost Finance for Sustainable Energy
A new United Nations-backed report launched at a conference in Addis Ababa details concrete ways to boost crucial investment in sustainable energy by some $120 billion a year. ‘Scaling Up Finance for...
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