Chinese Companies Focus on East Africa Continues in 2016
East Africa will remain a key target for Chinese investment while Ethiopia will continue to be the key regional market to watch in 2016, according to RiskMap 2016, a research by ControlRisk. “With...
View ArticleTextile Sector – A Centerpiece for Industrial Development
Since 1950s, the prevalence of the global textile industry, in response to global economic movement, had shifted from Japan, to Korea, Taiwan and other Asian countries. But the trend shifted to China...
View ArticleEthiopian Flower Industry Flourishes
The Ethiopian flower industry is flourishing, with the help of government incentives and low labor costs, experts told Anadolu Agency on Friday. The country is now the second-largest flower exporter in...
View ArticleHawassa Industrial Park Set for Completion Next June
Hawassa Industrial Park, which is being constructed on 350 hectares of land in Southern Regional State of Ethiopia, set to be completed the coming June, according to Fana Broadcasting Corporate (FBC)....
View ArticleAl Habtoor Group – Investment Opportunities Explored
The Chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, met with a delegation from Ethiopia on Thursday Dec 10, 2015 at the Al Habtoor Group head office. The delegation was led by His Excellency...
View ArticleEthiopia to Boost Business Ties with Jordan
Ethiopia and Jordan have agreed to raise the existing business relationships to the highest level. Opening the first Ethio-Jordan Business Forum yesterday, Industry State Minister Tadesse Haile said:...
View ArticleEthiopia to Host the 2016 US Africa Business Summit
Ethiopia is going to host the 10th Biennial US Africa Business Summit to be held from February 1-4, 2016, according to Corporate Council on Africa (CCA). The US Africa Business Summit will take place...
View ArticleEthiopian Airlines Pursuing Quality Services
Ethiopian Airlines is the fastest growing and most profitable airline in Africa. In its operations in the past close to seven decades, Ethiopian has become one of the continent’s leading carriers,...
View ArticleSingle Window System for Trade Facilitation
Several countries have been introducing and making use of single window system for better trade facilitation for many years. They as well have been heard of saying that the system has saved billions of...
View ArticleOil Price: A Future Far Different from the Past
One of the biggest economic surprises of 2015 is that the stunning drop in global oil prices did not deliver a bigger boost to global growth. Despite the collapse in prices, from over 115 dollars per...
View ArticleOmani companies to attract investment from Ethiopia
More than 100 Omani companies representing various sectors will participate in next year’s Omani Products Exhibition (OPEX 2016), which will be held for the first time in Africa. The event, scheduled...
View ArticleEthiopian Investment Seminar Held in Tokyo
An Ethiopian Investment Seminar under the theme, ‘Manufacturing investment and Development of Industrial Zone in Ethiopia,’ was held on December 17, 2015, in Tokyo, Japan, according to Ethiopian...
View ArticleFrench investors confident in opportunities in Ethiopia
30 French companies participated in the French-Ethiopian Business Forum held this week. The delegation of companies came from various sectors including finance, energy, construction and...
View ArticleAfreximbank Pledges Support for Export-focused Ethiopian Businesses
The President of Afreximbank, Dr. Benedict Oramah, has announced in Addis Ababa that the Bank will support Ethiopian entrepreneurs seeking to engage in export manufacturing, especially to add value to...
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2016’s Global Wealth Forecast
Emerging markets have given the global economy most of its muscle since the recession ended in 2009. But in 2016 rich countries will account for their largest share of global growth this decade. The...
View ArticleEarnings from Remittance Hits New High
Ethiopia’s earnings from remittances have reached an unprecedented level, announced the Ministry of Foreign Affairs. In 2015 alone, the country has received 3.7 billion US dollars in remittance which,...
View ArticleTax Incentives stay Despite IMF’s Recommendation
The government will not charge interest or cut tax exemptions and tax holiday for investments, despite the International Monetary Fund’s (IMF) recommendation to reconsider its generous tax policies to...
View ArticleJETRO Set to Open Office in Ethiopia
Japan External Trade Organization (JETRO) is said to open office in Ethiopia, according to Ethiopia’s Ministry of Foreign Affairs (MoFA). Tewolde Mulugeta, MoFA’s spokesperson, told journalists about...
View ArticleDiscussing Ways of Enhancing Joint Economic Cooperation
Ethiopian Consulate UAE and Ajman Chamber of Commerce and Industry discussed ways of enhancing joint economic cooperation and investment and opening doors for business between the two sides. The...
View ArticleRadisson Blu to open in Bole
Radison Blu will open a second hotel in Ethiopia after lengthy negotiations finally succeeded with Sahle & Family Business Group, signing a management contract with Carlson Reizdor Group. Five...
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