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Overview of Ethiopia’s Business and Investment Landscape Ethiopia’s macroeconomic environment is undergoing significant changes, particularly in its business and investment landscape. Traditionally characterized by state-controlled policies, the country is now witnessing a shift towards more market-oriented reforms aimed at stimulating economic growth and attracting foreign investment. Recent Economic Developments As […]
Addis Ababa, October 2, 2024 (FBC) – Ambassador Bizunesh Meseret, Chrgée d’Affaires of the Ethiopian Embassy in New Delhi, briefed a group of Indian IT companies delegates on the business and investment opportunities in Ethiopia. On the occasion, Ambassador Bizunesh highlighted her country’s digital transformation agenda, dubbed as “Digital Ethiopia […]
Addis Ababa, October 2, 2024 (FBC) – Guangzhou Wondfo Biotech Co., Ltd, a Chinese company that produces 200 million medical test kits annually, has stated that it is ready to invest in the Qilinto Industrial Park, in Addis Ababa. The company’s plan was disclosed during a discussion between Chief Executive […]
Regulators at the National Bank of Ethiopia (NBE) have granted licenses to five non-bank forex bureaus. The entrance of Dugda Fidelity Investment PLC, Ethio Independent Forex Bureau, Global Independent Forex Bureau, Robust Independent Forex Bureau, and Yoga Forex Bureau marks a significant milestone in the country’s fast-changing forex market. The […]
The Ministry of Finance (MoF) reports that the nominal GDP of Ethiopia exceeded USD 200 billion at the conclusion of the past budgetary year. For the first time in four years, the influx of foreign resources has had favorable results. According to MoF, Ethiopia’s GDP has grown by 6% during […]
The United Nations-backed initiative spearheaded by the IFL represents a step toward resolving the financing challenges SMEs and startups face. The program seeks to build a robust venture capital system through innovative financial instruments and strategic partnerships to support the country’s economic ambitions. With the anticipated launch of the ESX […]
en percent of the USD 3.4 billion that the IMF demonstrated through the Extended Credit Facility (ECF) instrument would be released by the fund to assist Ethiopia’s economic reform initiative.Recall that when the reform was announced, the IMF disbursed one billion dollars, or 30 percent of the approved support. A […]
Executives of the Industrial Parks Development Corporation (IPDC) are spearheading a restructuring that would enable them to assume control of ailing manufacturing industries leasing space in the country’s state-run industrial parks. “When FDI manufacturing industries shut their factories and leave the country or when domestic manufacturers stop operations due to […]
Overview of Ethiopia’s Micro Economy Ethiopia’s micro economy is characterized by a vibrant landscape of small and medium-sized enterprises (SMEs) that play a crucial role in driving innovation and job creation. These businesses are essential for economic renewal and contribute significantly to the overall economic framework of the country. The […]
Addis Ababa, September 25, 2024 (FBC) – Pakistani investors have expressed a keen interest to invest in aluminum, steel and packaging sub-sectors in the industrial parks and Dire Dawa Free Trade Zones. Shiferaw Solomon, General Manager of Industrial Projects Services at the Corporation, recently held a meeting with Pakistani investors […]
Addis Ababa, September 24, 2024 (FBC) – The third edition of mining and technology expo, dubbed as MINTEX 2024, will be held from 23 to 26 November 2024 at the Millennium Hall in Addis Ababa, the Ministry of Mines of Ethiopia (MoM) announced today. The event will bring together various […]
Addis Ababa, September 24, 2024 (FBC) – Several Chinese companies have disclosed intentions to visit Ethiopia soon to conduct pre-investment assessment in various sectors, according to the Ethiopian Embassy in Beijing. The companies’ interest was learned during a the meeting between Ambassador Tefera Derbew, Ethiopia’s Ambassador to the People’s Republic […]