Black Rhino Looks at Renewable Power Investments in Ethiopia
Black Rhino, owned by funds of U.S. investment company Blackstone Group, said on Wednesday it was looking at investments in Ethiopia’s power generation sector. A foray into the country’s power industry...
View ArticleUK-Ethiopia Trade, Investment Forum held in London
The UK-Ethiopia Trade and Investment Forum was held in London on Wednesday. Organized by Developing Market Associates (UK), the Embassy of Ethiopia in London, WAFA Marketing and Promotion PLC, the...
View ArticleIndian Firm Sets Up Denim Factory in Ethiopia, First In East Africa
Kanoria Africa Textiles, a subsidiary of India-based Kanoria Chemicals & Industries Ltd, has set up a plant at Bishoftu, Ethiopia, to manufacture denim fabric. Located 37 kilometers (23 miles)...
View ArticleThe Economist Ethiopia Summit 2015 Held in Addis Ababa
The Economist Ethiopia Summit 2015 was held in Sheraton Addis with the theme of “Building Africa’s leading Manufacturing Hub”. The summit was attended by Prime Minister Hailemariam Desalegn, ministers,...
View ArticleEthiopia’s Planned Mega Airport to Boost Aviation and Manufacturing Sectors
The planned airport is set to be one of Ethiopia’s most ambitious projects, surpassed only by the USD 4.8 billion Grand Ethiopian Renaissance Dam and demonstrates the government’s ongoing commitment to...
View ArticleAgency Launches Agricultural Transformation Report
The Ethiopian Agricultural Transformation Agency (ATA) has launched a report that shows the first Growth and Transformation Plan (GTP) performance in agriculture which was aimed supporting Ethiopia’s...
View ArticleThe Brain behind Ethiopia’s Industrialization Drive
Ethiopia is to launch mega sized industrial parks in close to five locations for investment of 30 billion Br, on around 20 million square meters of land to be covered with factories, and service...
View ArticleMinistry Aspires to turn eyes of Domestic Investors to Manufacturing
The ministry of Industry says it has been preparing to attract and expand the participation of domestic investors in manufacturing sector in the coming five years. Corporate communication Director with...
View ArticleAmhara Region to get Integrated Agro-industrial Park
The Amhara Regional State is going to establish an integrated agro industrial park in Bure town, located to the east of the region, during the course of the second Growth and Transformation Plan (GTP...
View ArticleSino-African Entrepreneurs Summit to be held in Marrakech
The 1st Sino-African Entrepreneurs Summit will be held in Marrakech, Morocco from 26-27 November 2015. The Summit will bring together high-level decision-makers from the public and private sectors,...
View ArticleEthiopia to Manufacture Automobiles for the First Time
Ethiopia is set to manufacture automobiles, as well as some military hardware, the head of the Ethiopian Power Engineering Industry (EPEI) said. EPEI General Manager, Major Assefa Yohannes said that...
View ArticleA Unique opportunity for Start-Ups!
In Africa as elsewhere, many young people aspire to start their own business and build a brighter future, which is why Total created the «Startupper of the year by Total» challenge. Ideas deserve...
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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