According to the United Nations Conference on Trade and Development (UNCTAD) latest world investment report, Ethiopia ranks among the top 5 Foreign Direct Investment (FDI) destinations in Africa in 2021 with 4.3 billion $. “This represents 79pct increase from 2020 and corresponds to almost half of all FDIs to East […]
Monthly Archives: June 2022
5 posts
Addis Ababa, June 16, 2022 (FBC) – Ethiopia has earned 1.2 billion U.S. dollars from coffee export during the first 11 months of the current 2021/2022 fiscal Year. Shafi Oumer, Deputy Director General of Ethiopian Coffee and Tea Authority, said the government is working to further boost coffee export revenue, […]
Addis Ababa, June 11, 2022 (FBC) – A steel mill with a capacity to melt 450 tons of iron has inaugurated in Dukem town, Oromia Region. The steel plant constructed by Tadash Steel Manufacturing Industry is also said to have a capacity to produce 600 steel bars on daily basis. […]
Addis Ababa, June 7, 2022 (FBC) – A delegation led by Endalew Mekonen, State Minister for Trade and Regional Integration of Ethiopia paid a visit to the port operation at Djibouti’s Doralleh Multi-Purpose Port on June 6, 2022. The working visit was jointly organized by the government of Djibouti, the […]
Addis Ababa, June 2, 2022 (FBC) – The CEO of Fortescue Future Industries (FFI), an Australian green energy company, Julie Shuttleworth visited EIC to discuss its Ethiopian Investment plan. FFI is planning to construct its facility in Ethiopia to produces zero-carbon green hydrogen energy. Julie appreciates the convenience of Ethiopia […]