Addis Ababa, August 1, 2023 (FBC) – The World Bank President Ajay Banga stated that Ethiopia’s achievements in job creation and market linkage is promising. The World Bank President told the media after visiting one of the huge investment centers in Ethiopia, the Bole Lemi Industrial Park, together with Prime […]
Yearly Archives: 2023
256 posts
Addis Ababa, July 31, 2023 (FBC) – The Ministry of Industry of Ethiopia (MoI) has announced that 1,000 industries have gone operational in the 2022/23 Ethiopian fiscal year. The Minister of Industry, Melaku Alebel, stated that effective activities were undertaken through the “Made In Ethiopia” (Ethiopia Tamrt) campaign in the […]
Addis Ababa, July 31, 2023 (FBC) – Ambassador of Ethiopia to Saudi Arabia, Lencho Bati, held a meeting with owners and Managers of Mining firms of Kingdom of Saudi Arabia including METAB N. AL-NAMIR CO.LTD, AYYAD DHAIFALLAH AYYAD and AL-OTAIBI LAW FIRM. During the meeting Ambassador Lencho briefed the owners […]
Chinese international car manufacturer Chery Commercial Vehicles International Corporation is planning to conduct a pre investment visit to Ethiopia soon, the company’s General Manager Mr. Jean Cui said. Chery General Manager Mr. Jean Cui revealed his firm’s desire during a meeting with the Ethiopian Ambassador to China, Ambassador Tefera Derbew […]
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 […]
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 […]