PVH prepares for Ethiopia Production
US clothing giant Corp, owner of the Tommy Hilfiger and Calvin Klien brands, will begin manufacturing its clothing products in Ethiopia this summer. The clothing provider will operate out of a...
View ArticleAfrican Economic Outlook
The African Economic Outlook 2016 shows that the continent is performing well in regard to economic, social and governance issues and has encouraging prospects for the near future. With its special...
View ArticleEthiopia’s Electricity Coverage reaches 56%
Ethiopia’s electricity coverage, which was only 8 percent 25 years back, has now reached 56%. Ethiopia’s total electricity generation capacity, which was 370 megawatt 25 years ago, now increased by...
View ArticleEthiopia’s annual FDI inflow hits $2.2 bln
The annual foreign direct investment (FDI) inflow to Ethiopia has reached 2.2 billion US dollars. Two decades ago, Ethiopia’s FDI inflow was nil, said the Commissioner of the Ethiopian Investment...
View ArticleDubai Opens Door for Ethiopia in Somaliland
DP World’s landmark deal with authorities in Somaliland to jointly develop the Port of Berbera is a welcome development for Ethiopia, according to a senior Ethiopian government official. The...
View ArticleChinese companies to build equipment manufacturing plants in Ethiopia
Chinese companies are finalizing preparations to build equipment manufacturing plants in Ethiopia to meet the ever increasing demand. Company representatives of TVA and Sany manufacturing companies...
View ArticleJapanese Offers Highest Ever Price for a Slice Ethiopian Tobacco Monopoly
The offer made by a Japanese tobacco company to acquire a slice of Ethiopia’s tobacco monopoly is not only the highest ever made to a state enterprise, but it has also soared the company’s worth to 1.1...
View ArticleBangladesh based DBL secures $100 mln to build garment factory in Ethiopia
A 15-million US dollars loan agreement was signed this week between the Swedfund and DBL, a Bangladesh textile and garment company. DBL had already concluded an agreement and received 68 hectares of...
View ArticleDeveloping countries outspent richer nations on renewables in 2015
New solar, wind and hydropower sources were added in 2015 at the fastest rate the world has yet seen, a study says. Investments in renewables during the year were more than double the amount spent on...
View ArticleCarbon Neutral Economy in Ethiopia
Last year in Paris, the 21st yearly session of the Conference of the Parties to the 1992 United Nations Framework Convention on Climate Change (UNFCCC) and the 11th session of the Meeting of the...
View ArticleDeveloping Ethiopia: First-mover investment opportunities
Ethiopia has been among Africa’s most impressive growth performers over the past decade, averaging 10.9% annual growth between 2004 and 2014, despite being a non-oil producing country. The government’s...
View ArticleEthiopia to Present Projects for Russian Companies
In late April, Russian and Ethiopian foreign ministers met in Moscow and discussed the issue of outstanding debt relief. Russia has been writing off Ethiopia’s debt since 1998 which at the time stood...
View ArticleEthiopia to expand car assembly business in industrial drive
Ethiopia has grand ambitions for its tiny auto industry, seeking to transform a handful of assemblers that bolt together imported kits into a network of factories that can make the country Africa’s...
View ArticleJubilee Holdings sets sights on Ethiopia in growth plans
Jubilee Holdings Limited, a financial services holding company, with its headquarters in Nairobi, Kenya, is eyeing Ethiopian market, board chairman Nizar Juma disclosed on Tuesday. Juma said the...
View ArticleClik here to view.
Precise, Ethiopia CEOs Forum and, H.E. Dr. Arkebe donate over half a million...
Precise partnered with Addis Ababa University to bring together university presidents, academicians, and the private sector to discuss industrial policy in Ethiopia with H.E. Dr. Arkebe Oqubay. The...
View ArticleEducation: Key to resilience, Sustainable Development
It is a well-known fact that education plays significant roles in securing the rights of citizens by ensuring equity, equality and justice for citizens on the overall economic development of a country....
View ArticleEthiopia: One of the Five Emerging Wine Tourism Destinations
Brussels When it comes to wine-themed tourism, certain destinations come to mind immediately: France’s Rhone Valley, Australia’s Yarra Valley, California’s Napa Valley. But great wines are also made...
View ArticleAddis Ababa: One of 100 Resilient Cities
Addis Ababa has become one of the final group of cities selected in a highly competitive global grant process to join the worldwide 100 Resilient Cities (100RC). Mayor Driba Kuma told journalist that...
View ArticleMineral, Petroleum & Biofuel Corporation Went Operational
Established with 15 billion birr capital, the Ethiopian Mineral, Petroleum and Biofuel Corporation (EMPBC) has begun its work. The Corporation is one of the state enterprises established by the...
View ArticleEthiopia to host 2017 World Hydropower Congress
The 2017 World Hydropower Congress will take place in Addis Ababa, Ethiopia, at the African Union Commission on 9-11 May 2017, the International Hydropower Association (IHA) has announced. With the...
View Article