Ethiopia Brazil and UNIDO in Drive to Boost Ethiopia’s Coffee Industry
Ethiopian delegation led by Minister of Agriculture and Natural Resources, Eyasu Abreha, has met Brazil’s Vice-Minister of Agriculture, Livestock and Supply, Eumar Roberto Novack. During the meeting,...
View ArticleWorld Bank Gives $170 Million IDA Credit to Ethiopia to Support Livestock and...
The World Bank today approved an International Development Association (IDA) credit of $170 million to boost the contribution of the livestock and fisheries sectors to Ethiopia’s economy. “The...
View ArticleAfrican Export-Import Bank Finds Partner To Finance Intra-Africa Trade
African Export-Import Bank (Afreximbank) signed a $100-Million agreement and a EUR 50-Million Murabaha agreement with a partner aiming to facilitate and finance exports amongst African countries and...
View ArticleTop Five Business Risks For East Africa
Kenya is emerging from a protracted presidential election process and seeing a return to political stability. Nonetheless, challenges will persist in 2018 for organizations operating in the country and...
View ArticleKilinto pharmaceutical industrial park reaches 75% completion
About 75 percent of the Kilinto pharmaceutical industrial park project has been completed, said the Ethiopian Industrial Park Development Corporation (EIPDC). The industrial park is under construction...
View ArticleFinance experts urge establishment of stock market in Ethiopia
Finance experts urged the Ethiopian government to establish a stock market that could give a boost to the fast growing economy of the country. The finance experts, who made presentations at the second...
View ArticleEthiopian to own 45% of Zambia Airways
Ethiopian Airline is set to own 45 percent of the soon to be launched Zambia Airways, The Lusaka Times reported Stephen Kampyongo, Zambia’s Acting Information Minister, said his country will have 55...
View ArticleEthiopia eyes to develop new port in Djibouti
The Metals Industry Development Institute of Ethiopia (MIDI) is requesting a dedicated sea port at Djibouti, the major Ethiopian logistics outlet, to import metal products in the country, Capital...
View ArticleIncluding Ethiopia, eight of the ten fastest growing countries in 2018 could...
The global economy is set to grow by almost 4% in 2018 in purchasing power parity (PPP) terms, adding an extra $5 trillion to global output at current values, according to new projections in PwC’s...
View ArticleHow Six Ethiopian Entrepreneurs Are Building an E-commerce Empire
The Fintech space is gradually but firmly gaining attention in the Ethiopian Market. When 6 innovative developers identify the e-commerce gap in Ethiopia, with combined efforts, they establish an...
View ArticleEthiopia-Djibouti Railway to Transform Trade in Eastern Africa Region
The Ethiopia-Djibouti railway is one of the mega infrastructure projects on the continent. The railway connects the heart of Ethiopia with the port of Djibouti. It was built at a cost of $ 4 billion,...
View ArticleEthiopia records five-fold increase in FDI in a decade
Ethiopia’s Foreign Direct Investment (FDI) inflow showed a five-fold increase in a decade, data released by Ethiopia Investment Commission (EIC) on Friday showed. FDI inflow in the Ethiopian Fiscal...
View ArticleMobile phone industry generating more hard currency
The Metals Industry Development Institute (MIDI) said more than 14 million USD is generated in the course of the past five months alone. And also based on the commodity it is importing to the country,...
View ArticleWhat Kenyan E-commerce Firms can Learn from the Chinese Experience
With the advent of economic globalization and the information age, e-commerce has been developing rapidly and has great prospects. Kenya is one of a few African countries that quickly embraced the...
View ArticleEconomic Forecast for Sub-Sahara Africa Projects Ghana as Second Highest...
Ghana’s economy, among 10 countries is expected to be the second highest growing in sub-Sahara Africa after Ethiopia. The forecast by the economic analysis provider FocusEconomics, says Ghana’s economy...
View ArticleWorld Bank Predicts African Economy to Grow By 3.2% In 2018
The World Bank forecasts Africa’s average economic growth to rise to 3.2 percent in 2018 and to 3.5% in 2019. The growth is expected as a result of improving commodity prices and expected gradual...
View ArticleGigawatt Global and Energiya to install 100 MW of PV in Ethiopia
The Dutch-U.S. solar developer and the Israeli company are teaming up to construct 10 solar power plants with a capacity of 10 MW each at several university campuses in Ethiopia. Energiya Global...
View ArticleTurkish Company to Replace Steel Import in Ethiopia
The Turkish steel company Tosyali Holding said that it is ready to enter into the Ethiopian steel industry using its experience of over 70 years in the sector. In relation to his business visit to...
View ArticleBritish Company to Build $100mln Textile Garment Factory
The British company in trade UK Ltd. has concluded an agreement to build a 100 million US dollars textile and garment factory at Mekele Industrial Park. The agreement is part of the 200 million US...
View ArticleDjibouti to Become Second Liner Operator in Africa after Ethiopia
The Djibouti National Shipping Company (DNSC) is in the process of becoming Africa’s second shipping company after Ethiopia. During the recent international trade fair Djibouti’s Chamber of Commerce...
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