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Introduction Ethiopia has been gaining attention as an emerging investment destination in East Africa. With its rich cultural heritage, vast resources, and a rapidly growing economy, the country presents unique opportunities for investors. As of December 2024, several trends are reshaping the Ethiopian investment landscape. Key Trends in Ethiopian Investment […]
Addis Ababa, December 3, 2024 (FBC) – The Ethiopian Investment Commission (FBC) promoted 10 of the 13 industrial parks managed by Industrial Parks Development Corporation (IPDC) into Special Economic Zones, the Corporation disclosed today. In a letter communicated to IPDC, the Commission indicated that IPDC has been accorded the status […]
As the US Senate deliberates the AGOA Renewal and Improvement Act of 2024, extending the African Growth and Opportunity Act (AGOA) until 2041, the Pan-African Chamber of Commerce and Industry (PACCI) has raised critical concerns. While the 16-year extension offers stability for Africa-US trade relations, PACCI emphasizes the need for […]
Addis Ababa, December 1, 2024 (FBC) – The Dire Dawa Free Trade Zone of Ethiopia has officially entered into a cooperation agreement with Azerbaijan’s Alat Free Trade Zone. This collaboration was established during a recent visit by a delegation of senior Ethiopian government officials to the Alat Free Economic Zone […]
On Nov 29, 2024 233 Addis Ababa, Ethiopia – Adugna Debela (PhD), Director General of the Ethiopian Coffee and Tea Authority, emphasized the critical role of agriculture in Africa’s economy and the significant potential of the continent’s coffee sector. Adugna highlighted that African coffee production contributes around 12% of global […]
Addis Ababa, November 27, 2024 (FBC) – The French Food and Detergent Processing Enterprise, Ecologistique Bourgogne, seek to base its Africa Manufacturing hub in Kilinto Industrial Park. The company which aspires to partner with Ethiopian Airlines plans to source its main ingredient to produce dry food and desert from local […]
Addis Ababa, November 25, 2024 (FBC) – Eskindir Yirga, Ethiopia’s Ambassador met with Mr. Urs Unkauf, Federal Managing Director at the Federal Association for Economic Development and Foreign Trade (BWA) of Germany. The discussions between the two sides focused on strengthening collaboration between the Embassy and BWA in promoting the […]
Addis Ababa, November 25, 2024 (FBC) – Ethiopian industrial parks have become a focal point for Chinese investors, as highlighted by Yang Yihang, Economic and Commerce Minister Counselor at the Chinese Embassy in Addis Ababa. In a meeting with Fiseha Yitagesu, CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), […]
Overview of Macroeconomic Reform in Ethiopia Ethiopia is currently undergoing significant macroeconomic reforms aimed at transitioning to a private-sector-led investment model. These reforms are crucial for addressing various economic challenges, including inflation, fiscal pressures, and external imbalances that have been exacerbated by multiple shocks to the economy . Key Objectives […]
Addis Ababa, November 24, 2024 (FBC) – Ethiopia is scaling up efforts for the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement, State Minister of Trade and Regional Integration, Yasmin Wohabrebbi stated. Yasmin noted that the ongoing Ethiopia’s macroeconomic reform in particular, is creating an enabling environment […]
Addis Ababa, November 2024 (FBC) – The Korangi Association of Trade and Industry (KATI) on Wednesday shown keen interest in visiting the Federal Democratic Republic of Ethiopia (FDRE) to explore business, trade and investment opportunities in diverse sectors of its growing economy, the Ethiopian Embassy in Islamabad confirmed in a […]
Addis Ababa, November 19, 2024 (FBC) – Officials from Qatar and Mauritania have shown keen interest to expand trade exchange and explore immense investment potentials from the rapidly transforming agriculture sector of the country. The World without Hunger conference convened in Addis Ababa from November 5-7, 2024 where Ethiopia used […]