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 […]
Yearly Archives: 2023
256 posts
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 […]
Addis Ababa, July 7, 2023 (FBC) – Efforts are underway to develop Ethiopia’s financial market as the government prepares to launch its first-ever securities exchange in 2024. In light of this, representatives from the public and private sectors, potential investors, policymakers, and regulators are meeting in Addis Ababa for a […]
Addis Ababa, July6, 2023 (FBC) – Ethiopia’s industry sector is expected to grow by 8.2 percent as the ‘Made in Ethiopia” movement has played a crucial in mobilizing industries, Prime Minister Abiy Ahmed (PhD) said. Responding to queries forwarded by members of the HPR in the House’s 28th session today, the […]
Following backlash from the Office of the Prime Minister, the Ministry of Labor and Skills has launched a national assessment before deciding on a minimum wage. The assessment will take three to four months to complete. While the Labor Proclamation mandated setting a minimum wage, the government has hesitated due […]
Addis Ababa, July 3, 2023 (FBC) – In its new report GSMA, a global organization that represents the interests of mobile network operators worldwide said that Mobile Money in Ethiopia could add $5.3 billion to the country’s GDP. The report says that Ethiopia’s Mobile money is advancing financial inclusion and driving […]
Addis Ababa, July 3, 2023 (FBC) – Ambassador of Ethiopia to Japan Daba Debele discussed with Mutsuo Iwai, Chairperson of the Board of Japan Tobacco International on Monday. Ambassador explained that Ethiopia’s Business potential and favorable business environments created following the new economic reforms. Mutsuo Iwai, on his part, stated […]
Addis Ababa, July 1, 2023 (FBC) – The Livestock Development Institute said some 86 million US dollars have been earned in revenue from the exports of animal products during the past eleven months. Deputy Director General of the institute, Sahlu Mulu told ENA that the revenue has been gained by […]
Financial transactions conducted through Commercial Bank of Ethiopia’s (CBE) digital channels have surpassed those via tellers, accounting for 64 percent of the total as of June 17, 2023. Until mid-June, the bank had successfully completed 750 million transactions. Of these, almost two-third were conducted through digital systems, highlighting the bank’s […]
Addis Ababa, June 29, 2023 (FBC) – Beyene Gebremeskel, Deputy Head of Mission at the Ethiopian Embassy in London, held a meeting today with Karen Taylor, CEO of Invest Africa. On the occasion, Beyene emphasized the embassy’s desire to partner with Invest Africa to advance the promotion of Foreign Direct […]