Addis Ababa, August 17, 2023 (FBC) – The Industrial Parks Development Corporation of Ethiopia confirmed that an agreement has been reached to entice Brazilian investors to engage in industrial parks in Ethiopia and to create market linkage in Brazil for products of the existing manufacturers in IPs. The agreement was […]
Yearly Archives: 2023
256 posts
Addis Ababa, August 16, 2023 (FBC) – M-PESA, Safaricom Ethiopia’s Mobile Financial Services, goes live today, three months after receiving the Payment Instrument Issuer License from the National Bank of Ethiopia. In preparation for launch, M-PESA has undergone a rigorous three-month pilot and testing, completed the technical readiness, secured key […]
Addis Ababa, August 16, 2023 (FBC) – Academics from China’s Peking University touted progress Ethiopia’s industrialization as encouraging. The academics stated this during a discussion with Mr. Fitsum Ketema, Head of Transformation and Chief of the Office of the CEO at the Industrial Parks Development Corporation of Ethiopia (IPDC). Mr. […]
Addis Ababa, August 16, 2023 (FBC) – Gada Special Economic Zone Development Corporation has signed MoU with China Civil Engineering Construction Corporation (CCECC) for construction of logistics and export processing center in the coming five years. The facilities to be built at 1,000 ha of land are said part of […]
Addis Ababa, August 11, 2023 (FBC) – The Ministry of Trade and Regional Integration of Ethiopia (MoTRI) today confirmed that US$854,834,000 earned from export of grains and cereals. The Ministry noted that the initial plan for 2022/23 Ethiopian financial year was to collect US$1.162 billion. The exported products include grains, […]
Addis Ababa, August 9, 2023 (FBC) – Ambassador Extraordinary and Plenipotentiary of the Federal Democratic Republic of Ethiopia to Islamic Republic of Pakistan, Jemal Beker, has held a meeting with notable businessmen and industrialists of Pakistan. During the meeting, the ambassador had a productive discussion with them on strengthening bilateral […]
Addis Ababa, August 9, 2023 (FBC) – The Ethiopian Investment Commission (EIC) and Industrial Parks Development Corporation of Ethiopia (IPDC) have signed Memorandum of Understandings with China Civil Engineering Construction Corporation (CCECC) to invest in the Jimma Industrial Park. The MoUs were inked after the visit of higher officials including […]
Addis Ababa, August 7, 2023 (FBC) – The Ethiopian Investment Commission (EIC) announced that 269 investors who registered a capital of 3.4 billion US dollars received investment licenses and started operations in the 2022/23 Ethiopian financial year. The Commission revealed the data while presenting its annual performance review for the […]
ddis Ababa, August 7, 2023 (FBC) – ALFA GROUP, a company engaged in energy sector in Türkiye, expressed a keen desire to tap investment opportunities in Ethiopia, according to the Ethiopian Embassy in Ankara. Ethiopia’s Ambassador to Türkiye, Adem Mohammed, held a discussion in his office with Mr. Ahmet Murat, […]
Addis Ababa, August 3, 2023 (FBC) – The Ministry of Tourism of Ethiopia (MoT) announced that 61.1 billion birr was received from domestic tourism in the 2022/23 Ethiopian fiscal year. The Ministry’s Head of Communication and Public Relations, Alemayehu Getachew, stated that various activities have been undertaken to revive the […]
Addis Ababa, August 3, 2023 (FBC) – Chinese cement firm Qiu Zha Cement Factory expressed keen interest to engage in cement production at the Dire-Dawa Free Trade Zone, according the Dire-Dawa Government Communication Affairs Bureau. The delegation of Chinese investors discussed with the senior management of the Dire-Dawa city administration […]
Addis Ababa, August 2, 2023 (FBC) – Ethiopian Investment Commission (EIC) and Ethiopian Investment Holding (EIH) held joint executive management meetings on strategic partnership matters. During the meeting the two sides discuss plans in investment promotion, facilitation and aftercare in the years ahead. EIH is ready to partner with potential […]