Local Labor Can Replace 67pc Expats Study Finds
Local labor can replace two-thirds of non-nationals who are legally engaged in various lines of businesses in the country, a new study reveals. Commissioned by the Ministry of Labor & Social...
View ArticleEthiopia will continue to be the fastest growing economy, says World Bank
Ethiopia is likely to remain the fastest growing economy in the region, although public investment is expected to slow down, according to World Bank’s Africa’s Pulse report released this month. The...
View ArticleEthiopia receives “Star Reformer Award” from World Bank for stellar...
Ethiopia received a “Star Reformer Award” from the World Bank Group for its effective foreign direct investment (FDI) related reforms and resulting success. In granting such a prestigious international...
View ArticleSouth African Firm to Explore Gold in Ethiopia
South African mining firm by the name Altus Strategies PLC, has been given the license to explore gold in Ethiopia. The company, experienced with exploring gold, silver, copper and other natural...
View ArticleEthiopia to Inaugurate two More Industry Parks
Ethiopian Investment Commission disclosed 2 more industrial parks are going to be inaugurated in 2 weeks’ time. The industrial parks are Adama and Dire Dawa. The 2 industrial parks, whose construction...
View ArticleGERD to Start Generating Power
Ethiopia’s largest dam project, Grand Ethiopian Renaissance Dam (GERD), is set to start generating hydroelectric power in the current fiscal year as it has now reached 62 percent completion rate....
View ArticleSkills mismatch threatens economic growth
The East African region risks missing its long-term economic growth targets due to a widening disconnect between labor market skills needs and the graduates of higher education institutions, a World...
View ArticleImproved electricity supply can be a game changer for African businesses
As African economies evolve the services sector is growing as a proportion of these economies, and electricity is a non-negotiable ingredient for businesses in this sector to operate efficiently....
View ArticleChina Is Africa’s Biggest Economic Partner, But What Role For The United States?
McKinsey released a highly anticipated report in June with new research on Chinese economic engagement. The report debunks a number of common misconceptions in America about China in Africa, namely...
View ArticleEthiopia obtains $678 mln from export in first quarter
Ethiopia’s export sector missed its target in the first quarter by generating 678 million US dollars from the projected revenue target of 977.2 million US dollars. According to the Ministry of Trade,...
View ArticleRegulation Afoot to Partially Liberalize Logistics Sector
Ten private companies will be selected to participate in a multi modal system at Hawassa Industrial Park. Private freight forwarders will be allowed to engage in a multi modal transportation system for...
View ArticleEthiopian-Danish Consortium to Grow Sustainable Dairy Sector
A Danish-Ethiopian project is on the way to making better use of the milk from Ethiopia’s 11 million dairy cows and to improve the nutrition of low-income families in the country. If all goes according...
View ArticleFeasibility Study Being Conducted for New Dry Port
Feasibility study is being conducted by Ethiopian Shipping & Logistics Service Enterprise (ESLSE) to construct a dry port at Woreta, South Gonder, Amhara State, at an outlay of 100 million USD....
View ArticleUAE Trade with Africa Rockets
The United Arab Emirates (UAE) has always had strong ties with Africa. Given that about 65% of all Arabs are also Africans, it is no surprise that there is a close relationship between the two. Yet...
View ArticleDeveloping Countries Improve Access to Credit
Developing countries carried out 206 reforms, accounting for 78 percent of the total reforms, with Sub-Saharan Africa implementing 83 reforms, a record for a second consecutive year for the region, and...
View ArticleFirst Djibouti International Trade Fair Invites Participants from around the...
In celebration of the 110th anniversary, the Chamber of Commerce of Djibouti (CCD) is to host the first international trade fair and economic integration forum in the coming month. The international...
View ArticleECX Traded Over $81 mln worth Commodities in October
The Ethiopian Commodity Exchange (ECX) traded 37,222 tons of commodities worth 2.2 billion birr (approximately 81.4 million US dollars at current exchange rate) during the month of October. According...
View ArticleYara International to Commence Potash Production in Ethiopia
Prime Minister Hailemariam Desalegn received and held talks at his office with President and Chief Executive Officer (CEO) of Yara International, Svein Tore Holsether. Yara International signed a 731...
View ArticleChinese Integrated Textile Manufacturing Firm to Invest in Ethiopia
Wuxi No.1 Cotton Mill, part of the Guolian Develoment Group and one of the largest textile manufacturers in China, has signed an investment agreement with the government of Ethiopia to establish an...
View ArticleClose to $30mln Put Aside for Pastoral Livelihood resilience Project
About 800 million birr (approximately close to $30 million) has been allocated for the implementation of pastoral livelihood resilience project in 2017/18, according to the Ministry of Livestock and...
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