Addis Ababa, December 17, 2023 (FBC) – AvtoVAZ, the state-owned Russian automaker, and Ethiopia Engineering Group, Ethiopian public public enterprise, have signed letter of intent to manufacture lada cars in Ethiopia. CEO of Ethio Engineering, Ambassador Suleman Dedefo and Sales and Marketing Vice President of AvtoVAZ, ILYA SAVINOV have signed […]
Monthly Archives: December 2023
33 posts
Addis Ababa, December 15, 2023 (FBC) – The Ministry of Finance of Ethiopia today held a Global Investor Call to update its bondholders on the latest macroeconomic developments in the country, and the status of its engagement with development partners and Ethiopia’s strategy towards external creditors on debt treatment, the […]
Addis Ababa, December 14, 2023 (FBC) – Mr. Aklilu Taddese, the CEO of the Industrial Parks Development Corporation (IPDC), highlighted the significance of Ethiopia’s entry into BRICS for strengthening its ties with Brazil through increased investment. Speaking at the Ethiopia-Brazil Trade and Investment Seminar in Addis Ababa, organized by the […]
Addis Ababa, December 14, 2023 (FBC) – Ambassador Mesganu Arga, State Minister for Foreign Affairs, together with Ms. Lelise Neme, Chief Commissioner for Ethiopian Investment Commission and Faisal Aliyi, Ethiopian Ambassador to the State of Qatar held talks with Mr. Mansur Bin Ibrahim Al Mahmoud, the CEO of Qatar Investment […]
Addis Ababa, December 14, 2023 (FBC) – The government will continue providing support for the manufacturing sector to thrive, Speaker of the FDRE House of Peoples’ Representative (HPR) Tagesse Chafo said. A five-day manufacturing exhibition and bazaar kicked off today at Skylight Hotel today under the theme “Let Ethiopia Produce […]
Addis Ababa, December 13, 2023 (FBC) – Africa’s average debt-to-GDP ratio will remain high at 66% in 2023 and stabilize at 65% in 2024, the African Union indicated, citing a recent research analysis. This is due to growing financing needs associated with rising food and energy import bills, high debt […]
Addis Ababa, December 13, 2023 (FBC) – In a landmark development, the Ethiopian Immigration and Citizenship Services (ICS) and Toppan Gravity Ethiopia (TGE), a joint venture formed by Ethiopian Investment Holdings, Toppan Group, Berhanena Selam Printing Enterprise (BSPE), and Educational Materials Production and Distribution Enterprise (EMPDE), officially signed a significant […]
The world-renowned professor of economics, leader in sustainable development and senior UN advisor, Professor Jeffrey Sachs said that the next 40 years will be Africa’s years. The Office of the Prime Minister launched and held the first “Perspectives” – PMO Occasional Lecture Series today featuring world renowned development economist Professor Jeffrey Sachs. […]
The involvement of international companies in the Ethiopian market is critical in creating competition and bringing capital into the country, United Nations Development Program (UNDP) Ethiopia Economic Advisor Zafar said. The primary objective of Ethiopia’s Home-grown Economic Reform is to sustain growth through creating an economic environment supportive of private […]
Addis Ababa, December 12, 2023 (FBC) – An Ethiopian Business and Investment Forum held in Doha, Qatar to consolidate the economic foundation of Ethio-Qatari ties with a focus on enhancing cooperation on horticulture, agri-business and tourism. The forum which was organized by the Ethiopian Embassy to the State of Qatar […]
Addis Ababa, December 12, 2023 (FBC) – A Japanese business delegation accompanied by high level officials has visited the Ethiopian Information Technology Communication (ICT) Park in Addis Ababa. The delegation toured expansion projects and companies operating in the park. CEO of the ICT Park, Henok Ahmed briefed the Japanese delegation […]
Addis Ababa, December 12, 2023 (FBC) – Ethiopian Investment Commission (EIC) is taking part in the 27th World Investment Conference being held in New Delhi, India, under the theme of “Empowering Investors: Investment Promotion Agencies Pioneering Future Growth”. Ethiopian delegation headed by EIC’s Deputy Commussioner Mr. Temesegen Tilahun is attending […]