The African Continental Free Trade Area (AfCFTA) agreement is a development instrument that provides an opportunity for businesses to export to other African countries, thus boosting intra-African trade. Yet, Ethiopian businesses lack relevant information on product entry requirements, and on processes and procedures to access the single African market.To bridge […]
Monthly Archives: July 2023
20 posts
The Ethiopian government is looking to raise USD 12 billion in financing to implement its new three-year economic reform plan, according to Teklewold Atnafu, economic advisor to Prime Minister Abiy Ahmed (PhD). The funds would come from institutions like the International Monetary Fund (IMF) and World Bank, as well as […]
Addis Ababa, July 15, 2023 (FBC) – In a bid to attract innovative automotive industry investments in Ethiopia, a delegation led by EIC visited Porto and conferred with the CEO of Caetano Bus Patricia Vasconcelos and the COO of Salvador Caetano Jorge Costa. It is stated that the Group has […]
Addis Ababa, July 14, 2023 (FBC) – Ethiopian Agricultural Authority (EAA) and the Netherlands Centre for the Promotion of Imports (CBI) have signed a Memorandum of Understanding to boost competitiveness of agricultural products in the international market, the Netherlands Embassy in Ethiopia announced. The Netherlands Centre for the promotion of […]
Addis Ababa, July 14, 2023 (FBC) – Demeke Atnafu, Ambassador Extraordinary and Plenipotentiary of Ethiopia to the Republic of India has received Rajiv Kumar, Executive Director of the Rice Exporters’ Association, Gulshan Rai and Bharat Chugh, Directors of AAKRITI Industries Limited. During the meeting they discussed on the possibilities of investing […]
Addis Ababa, July 13, 2023 (FBC) – Ethiopian delegation led by Lelise Neme, Commissioner of the Ethiopian Investment Commission held meetings with the President of the Portuguese Shoes Manufacturers Association (APICCAPS) and the President of the Portuguese Textile and Garment Association (ATP). The delegation is in its investment promotion mission […]
Addis Ababa, July 11, 2023 (FBC) – Ethiopia has secured more than 1.3 billion USD during the concluded budget year by exporting 240,000 tons of coffee. The nation’s plan was to secure 1.8 billion USD during the stated period. Despite all the challenges the coffee market faced at the global […]
Addis Ababa, July 11, 2023 (FBC) – Ethiopian Airlines is planning to double its fleet by 2035 and the industry can expect orders later this year according its chief executive officer Mesfin Tasew. The CEO told aviation and data analytics specialist Cirium that the airline has a plan to grow its to fleet to […]
Addis Ababa, July 11, 2023 (FBC) – Industrial Parks Development Corporation of Ethiopia (IPDC) has invited Portuguese investors to invest in Ethiopia. IPDC held a discussion with Portuguese investors on ways of investing in industrial parks and Dire Dawa Free Trade Zone. It is stated that the discussion, led by […]
The private sector’s ability to prosper is imperative to job creation and investments necessary for human security. Armed conflict and post-conflict situations constitute severe constraints on economic life and present a hostile environment to business and investments. Economic analysts, however, seriously argued that the positive connections between the role and […]
Addis Ababa, July 9, 2023 (FBC) – As part of a three-year project sponsored by the Ethiopian Ministry of Labour and Skills and the MasterCard Foundation, a network of religious congregations in Ethiopia supported by the Global Solidarity Fund signs an agreement with two local banks to provide microcredit to […]
Addis Ababa, July 8, 2023 (FBC) – Ethiopia’s State Minister for Foreign Affairs, Ambassador Mesganu Arga, met with Deputy Minister of Economy and Chairman of Small and Medium Business Development Agency (KOBiA) of Azerbaijan, Sahib Mammadov and Orkhan Mammadov, respectively, on Friday (7 July). They discussed mechanisms of promoting trade […]