National horticulture dev’t, marketing strategy launched
A 10-year National Horticulture Development and Marketing Strategy that aimed at enhancing the product and productivity of horticultural products for better commercialization was launched by the...
View ArticleEthiopia and Sudan to Swap $16m
The deal will enable the two states to exchange principal in different currencies Ethiopia and Sudan will sign a currency swap deal enabling them to use their currency in the territory of the other...
View ArticlePower distribution station built with $10.8 mln goes operational
An electric power distribution station built in Jimma town, Oromia regional state, at a cost of 251 million birr (approximately $10.8 million at current exchange rate) has begun rendering service....
View ArticleEthiopia may introduce payments for ecosystem services
Ministry of Environment, Forest and Climate Change of Ethiopia is starting a study to charge fees from different companies and individuals who directly and indirectly generate income by using the...
View ArticleEthiopia eyes to host chamber congress 2021
The Ethiopian Chamber of Commerce and Sectorial Association (ECCSA) announced that it will not leave the bid to host the biggest ever international chamber congress in2021. The national chamber which...
View ArticleSeeking Sustainable Growth Short –Term Recovery Long-Term Challenges
The global upswing in economic activity is strengthening, with global growth projected to rise to 3.6 percent in 2017 and 3.7 percent in 2018. Broad-based upward revisions in the euro area, Japan,...
View ArticleTackling Africa’s Skills Gap to Build More Robust and Diversified Economies
The global economy continued to strengthen in 2017. Manufacturing activity has picked up, goods trade is rebounding, financing conditions remain favorable, and commodity prices have strengthened. The...
View ArticleFinancial Inclusion and Job Creation in Africa at the SAM Conference in Addis...
After October 10,2017 sessions at the SAM (Semaine Africaine de la Microfinance) conference, Olivier Massart, the General Manager of ADA, and Eric Campos, Managing Director of the Grameen Credit...
View ArticleRadisson Blu to Open Third Hotel in Ethiopia
The Carlson Rezidor Hotel Group, one of the fastest growing hotel companies in the world, adds another iconic Radisson Blu hotel in Ethiopia, in the city of Bishoftu. The newly constructed Radisson Blu...
View ArticleEthiopia Exported 17.28 Million USD Worth Cement
Chemical and Construction Input Industry Development Institute disclosed Ethiopia managed to export a 17.28 million USD worth, 195,580 tons of cement, in the last fiscal year. Speaking about the...
View ArticleEnel & Orchid to develop renewable energy in Ethiopia
Enel Green Power, a leading European renewable energy developer, has partnered with Orchid Business Group, a well-known Ethiopian investment conglomerate, to develop renewable energy resources in...
View ArticleGlobal Green Growth Week Take Place in Addis Ababa
The Global Green Growth Week 2017 (GGGWeek2017), in its second year, will take place in Addis Ababa, Ethiopia from October 17 – 20 to discuss ways to scale up green growth in Africa and around the...
View ArticleSub-Saharan Africa economic growth to pick-up next year
Nigeria and South Africa are expected to lift sub-Saharan regional growth next year, a Reuters poll showed, once their central banks cut rates to boost Africa’s largest but sickly economies. The two...
View ArticleArticle 5
According to a United Nations population report, it is anticipated that by 2050, more than half of the world’s population growth will be in Africa. The African Development Bank (AfDB) anticipates that...
View ArticleChinese investment spurs economic growth in Africa
In an age of austerity in mature economies and slower growth in many of the world’s emerging markets, China’s importance as an international investor is greater than ever before. In Africa the region...
View ArticleEthiopia Launches 15-Year Cotton Development Strategy
As part of its effort to augment its textile sector, Ethiopia’s government has launched a 15 years National Cotton Development Strategy aimed at positioning Ethiopia as the top cotton producer in...
View ArticleECX Traded 1.3 Billion Worth, Coffee, Sesame and Pea Beans
Ethiopian Commodity Exchange (ECX) traded 1.3 billion Birr worth coffee, sesame and pea beans in the month of September. The total volume of the traded coffee, sesame and pea beans was 24,714 tons. Out...
View ArticleItel plans to earn $40 mln from Ethiopian assembled mobile phones
Itel Mobile Ethiopia planned to earn 40 million US dollars this Ethiopian fiscal year (2017/18) from the export of mobile phones it assembled in Ethiopia. The company secured 35 million US dollars from...
View ArticleEthiopia to host 17th ILO regional seminar for labor-based practitioners
Ethiopia will host the 17th International Labor Organization (ILO) regional seminar for labor-based practitioners from the 13th – 17th November 2017. The five-day seminar aims at addressing common...
View ArticleReport Looks Into How Africa Manages Oil Minerals
The African Development Bank (AfDB) and Open Oil, a Berlin-based financial analysis firm, have jointly produced a report on how African governments use financial models to manage oil & gas and...
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