Ethiopian Central Bank Issues New Directive on Foreign Currency
The National Bank of Ethiopia (NBE) has issued new directives on foreign currency related issues to promote foreign direct investment and export, reports FBC. NBE Foreign Exchange Director, Yenehasab...
View ArticleEthiopia on Right Track to Achieve GTP II FDI Plan Commission
The Ethiopian Investment Commission says the country has witnessed significant investments during the last two budget years and it is in a good position to attain the seven billion USD plan set to the...
View ArticleAddis Ababa a city on the move
Addis Ababa is experiencing a significant boom in construction activity. How is the city changing? The rapid development of infrastructure remains the focus of the government. Addis Ababa is the...
View ArticleEthiopia hopes to get bigger slice of South Korean investment
A South Korean business delegation held an official visit to Addis Ababa to explore trade and investment opportunities. The delegation that consisted of 21 individuals was led by the INNOBIZ...
View ArticleBoortmalt Takes Root in Debre Birhan
Boortmalt a subsidiary of France’s largest grain cooperative, Axéréal, is going to open the third malt processing plant of the nation with a 1.6 billion Br investment. Boortmalt, one of the top five...
View ArticleEthiopia set to export additional power to Sudan, Kenya, and Djibouti
Ethiopia is set to export additional power to Sudan, Kenya and Djibouti in two years as installation of transmission lines to the neighboring countries is on progress, a top government officials said....
View ArticleChinese Humanwell Healthcare inaugurates pharmaceutical manufacturing plant...
A pharmaceutical manufacturing plant built by the Chinese Humanwell Healthcare group at a cost of 2.7 billion birr ($100 mln) in north Shoa zone, 65 km north of Addis Ababa, Ethiopia. The plant will...
View ArticleFinancing innovative technology solutions to power Africa
New off-grid energy solutions hold the potential to provide much of Africa’s currently marginalized rural population with access to affordable electricity. To date, however, funding off-grid solutions...
View ArticleExpanding consumer base lures investors to Ethiopia
The World Bank again declared that the Ethiopian economy would be Africa’s most expansive in 2017; it is forecast to expand by 8.3% in 2017, ahead of rival Tanzania’s projected 7.2% and runner up Côte...
View ArticleWhy Ethiopia Djibouti Enjoy Special Bonds
Following the growing economic and social ties, the governments of Ethiopia and Djibouti have been collaborating in a multiple fronts from linking via railway and road networks to water and gas...
View ArticleDjibouti Made 45 Percent Discount on Its Ports
Djibouti’s Government disclosed it has made a 45 percent price reduction on all port service fees for customers using the newly constructed Doraleh Multipurpose Port. The priced adjustment is going to...
View ArticleMoroccan companies ambitious to tap potential in Ethiopia
Moroccan companies that are in Ethiopia to assess business opportunity and atmosphere are desirous to tap the business potential that they consider to be “big and promising”. Representatives of 13...
View ArticleKifiya Launches International Payment Solution In Washington D.C
Kifiya Financial Technologies, an Ethiopian payment solution company, in collaboration with MasterCard, launches its international payment solutions – Mela- in Washington D.C. As first step in enabling...
View ArticleForeign Investors Entering Kombolcha Industrial Park
The manufacturing sheds inside the recently inaugurated Kombolcha Industrial Park are close to be fully occupied by foreign textile and apparel manufacturers, according to Ethiopian Investment...
View ArticleAmbitious Push to Bump up Export in GTP II
Nation has planned to augment its export earnings and buttress the economy through increasing quality and finished products, conducting promotion and creating market linkages in the second GTP,...
View ArticleIMF’s Chief Lauds Ethiopia’s Health Success
The International Monetary Fund (IMF) Managing Director, Christine Lagarde praised Ethiopia’s health sector success particularly improving the delivery and use of maternal health services. The Managing...
View ArticleWhy Africa will be lead forward by Entrepreneurs
As Africa continues to prosper, it’s important to acknowledge the role that entrepreneurs play in driving the country forward. Entrepreneurship is a daunting undertaking, and through my own business...
View ArticleMinistry to Boost Teff Production
Ministry of Agriculture & Natural Resource in collaboration with the Chinese Academy of Agricultural Mechanization Sciences (CAAMS) has finalized a study to open an assembly unit for Teff planting...
View ArticleEthiopia Signs $4 billion Deal to Build 1,000 MW Geothermal Power Plants
Ethiopia has signed an agreement to build two geothermal power plants at a combined cost of $4 billion, to be run by the country’s first privately-owned utility. The Corbetti and Tulu Moye plants will...
View ArticleItalian Delegation Keen to Commence Cable Buses for Transportation in Addis...
Endalikachew Semie, Secretary General of the Ethiopian Chamber of Commerce and Sectorial Associations (ECCSA), received five members of Italian delegation and discussed on bilateral and partnership...
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