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Chinese firm begins drilling 6th petroleum, natural gas well in Ethiopian...

A Chinese firm, Poly-GCL, began drilling the 6th petroleum and natural gas well at Hilal- 7 gas field in Ethiopian Somali regional state. Poly-GCL, one of the companies engaged in natural gas...

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Ethiopia to host International sugar organization summit

The International Sugar Organization plays a pivotal role in the market of sugar at the international level. The International Sugar Organization (ISO) had recently nominated Ethiopia to host the...

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Ethiopia to host African fine coffee conference

The 15th African Fine Coffee Association annual conference and exhibition to be held here from February 15-17, 2017. Briefing journalists in connection with the event, Trade State Minister Ayana Zewdie...

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Five month export trade generates $1 billion

Ethiopia has secured over one billion US dollars from foreign trade during the first five months of the current fiscal year, the Ministry of Trade announced. The plan was to secure 1.7 billion US...

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Ethiopia to host 5th edition of Africa Business Forum

The 5th edition of the Africa Business Forum will be held for the second time in Ethiopia on the 1st of March 2017 in Sheraton Addis Hotel. Prior to the conference, the Africa Business Forum B2B...

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Authority working to ensure fair trade system

Trade Competition and Consumer Protection Authority Director General Merkebu Zeleke    (Photo   Authority) Strengthening consumer bargaining power and securing fair trade practices would help ensure...

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Ethiopia bids to host 2018 World Economic Forum on Africa

Ethiopia officially bids to host the 2018 World Economic Forum (WEF) on Africa. Prime Minister Hailemariam Desalegn held discussion with Professor Klaus Schwab, Founder and Executive Chairman of the...

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Authority to launch electronic coffee trading in three towns

Ethiopian Coffee and Tea Marketing Development Authority is set to start electronic coffee trading in three towns as of the end of this Ethiopian fiscal year. Preparations are underway to launch the...

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Ethiopia considering partial privatization for Shipping Enterprise

During his latest press conference Prime Minister Hailemariam Desalegn confirmed that his government is in the process of selling shares of the Ethiopian Shipping and Logistics Services Enterprise...

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Germany-Africa Business Forum to strengthen trade, investment ties

This year, Germany will host the first ever privately held event exclusively dedicated to strengthening trade and investment ties between Germany and the African continent. The Germany-Africa Business...

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Awash-Kombolcha railway line to start test run in August

Awash-Kombolcha segment of the Awash-Kombolch-Woldia electrified railway line project will start a test run in August. The construction of Awash-Kombolch-Woldia, the line which represents an extension...

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Chinese Governor Held Talks with Ethiopian Officials

A delegation led by the governor of Guangdong Province Zhu Xiao Dan has met with top government officials. The companies who accompanied the governor have agreed to invest in the Huajian Group Industry...

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METEC finalizing two radial gates for GERD

Metals and Engineering Corporation (METEC) said it is finalizing the manufacturing of two radial gates for the Grand Ethiopian Renaissance Dam (GERD). The radial gates, each with 137 tons of weight,...

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Two tunnels holed through on Mekelle-Woldia railway project

Of the 8 tunnels being drilled on the Mekelle-Woldia/ Hara Gebeya railway project, 2km-long two tunnels have been holed through, said Gebremedhin Gebrealif, head of the project. The 3.6 km long Myselfi...

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On the Path to Industrialization

Gov’t awards 3 industrial parks construction projects to Chinese firms The Ethiopian Industrial Parks Development Corporation (IPDC) awarded the construction of three industrial parks in Addis Ababa...

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Japanese business delegation keen to invest in Ethiopia

State Minister of Foreign Affairs, Dr. Aklilu Hailemichael met with Japanese Business Delegation led by Yoshiaki Kobayashi, Honorary Consul of Ethiopia in Osaka, Japan on January 25, 2017. State...

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30th ordinary session of AU Executive Council opens in Addis Ababa

The 30th ordinary session of the African Union (AU) Executive Council opened in Addis Ababa, Ethiopia, on January 25, 2017. The session was officially opened with a remark by Chairperson of the African...

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Road projects expanding, Authority awards billions

Six new roads are in the works in the Southern Nation Nationalities & Peoples’ regional state, Somali regional state, Oromia regional state and Benishangul Gumuz regional state. The projects were...

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Local shoemakers lure major global sourcing brands

Having received positive nods from major global brands in the footwear industry, local shoemakers are propping up business relationships with renowned international brands that are eyeing to source...

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Ethiopia 5th largest investor in renewable energy in Africa

Ethiopia is the 5th largest investor in renewable energy at 100 million US dollars, according to the Renewable, Global Status Report. South Africa leads in renewable energy investment followed by...

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