Ethio Agri-CEFT Introduces Commercial Coffee Farm in Gojam
Ethio Agri-CEFT, one of Sheik Mohammed’s agricultural parent companies, began commercial coffee farming in Gojam district of the Amhara Region of Ethiopia, which is not known much as coffee growing...
View ArticleEthiopia to host Africa’s First International Coffee Conference
Ethiopia will host the first coffee conference that will be held on African soil, announced the Ministry of Trade. The country is selected to host the global event following its significant...
View ArticleWorld Bank urges Ethiopia to Seriously Work on Job Creation
World Bank has urged the government of Ethiopia to aggressively work on job creation and infrastructure development to meet the growing demand of ever increasing urban population of the country,...
View ArticleEthiopia Is Cheapest Emerging Market for Luxury Property, Data Shows
Fast-growing Ethiopia is the cheapest place in the world’s emerging markets to buy luxury property, according to a new ranking from a specialist property company. Top end real estate there costs around...
View ArticleFitch Affirms Ethiopia at ‘B’; Outlook Stable
Fitch Ratings has affirmed Ethiopia’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘B’. The Outlooks are Stable. The issue ratings on senior unsecured foreign currency bonds...
View ArticleKorea-based Company Inaugurates Textile Factory in Ethiopia
A textile factory established at Bole Lemi Industrial Park by Shints ETP Garment PLC, a Korean-based company, officially inaugurated on Monday October 12, 2015. The factory, built by Korean investors,...
View ArticleECX Inaugurates eTRADE Platform, Introduces New Coffee Grading System, and...
Press Release Ethiopia Commodity Exchange announced on October 9, 2015 the inauguration of its revolutionary eTRADE Platform located at its headquarters on Chad Street. The ECX also made public the...
View ArticleEthiopia’s Massive Gilgel Gibe III Dam starts Power Generation
The country’s largest hydro-power plant, Gilgel Gibe III started electricity generation following a successful trial production which began in August. Having a height of 243m and total installed...
View ArticleAzerbaijani Investors Keen to Invest in Ethiopia
Elman Abdullayev, Azerbaijani Ambassador to Ethiopia disclosed investors from his country are expressing their interest to engage in Ethiopia’s investment sectors, Ethiopian News Agency (ENA) reported....
View ArticlePrecise Wins Awards for Presenting 1st and 2nd Best Papers at the Ethiopian...
Photo: Selam Getachew (left) and Dr. Amanuel Assefa (right) The 2nd Annual Professional Conference of the Ethiopian Society of Rural Development and Agricultural Extension (ESRDAE) was held on October...
View ArticleEthiopia Named ‘World’s Best Tourism Destination’
African country takes top spot in awards by the European Council on Tourism and Trade. The judging body paid compliments to the country’s nine UNESCO World Heritage Sites. Last year’s winner was...
View ArticleCoffee Consumption in Africa Still Low, Opportunities for Growth
Although sub-Saharan Africa produces some of the world’s finest coffee beans, Africans still consume very little of the beverage, with the bulk of coffee beans being grown as a cash crop for export....
View ArticleInternational Conference on African Textile Industry Held in Addis Ababa
An international conference that discusses textile industry in Africa was held in Addis Ababa for three days beginning from October 19, 2015. According to a press release issued by Ethiopian Textile...
View ArticleAfrica’s Commodities Slump is a Gold Mine for Investors
The recent downturn in Africa’s commodities markets might seem to signal dark times for the continent’s emerging economies. The slump in global oil prices prompted Angola’s government to end fuel...
View ArticleRussian Firm Begins Ethiopia oil Exploration
GPB Global Resources, a Russian oil and gas company, is embarking on an oil exploration project in the Afar Regional State of Ethiopia. The country’s Ministry of Mines, Petroleum and Natural Gas, and...
View ArticleFontana Joins Horticulture Development in Bahir Dar
Fontana Flowers PLC, the largest Indian based horticulture company in neighboring Kenya will begin operation of its horticulture farm in Ethiopia in the next few weeks at the cost of 11 million...
View ArticleEthiopia to Host the Next Omani Products Exhibition (OPEX)
The organizing committee of the Omani Products Exhibition (OPEX) met recently to discuss preparations for the next edition, which is scheduled to be held in Addis Ababa, Ethiopia, next April. The...
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Doing Business 2016: Sub-Saharan Africa
What are the ranking trends? Economies in Sub-Saharan Africa have an average ranking on the ease of doing business of 143. Mauritius has the region’s highest ranking, at 32. Rwanda has its second...
View ArticleTax incentives bring increased FDI to Ethiopia
The use of tax incentives has massively increased foreign direct investment (FDI) to Ethiopia, an official told Anadolu Agency on Monday. In an interview, Ethiopian Investment Commission spokesperson...
View ArticleAll Eyes on Ethiopia as an Emerging Sourcing Hub
There has been a big buzz around Ethiopia as a potential source of apparel for at least the last five years and yet disappointingly small exports of just US$112m in 2014. But that could finally be set...
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