Addis Ababa, April 24, 2024 (FBC) – The Zenith Steel Group Co., Ltd, a prominent Chinese steel and electrical equipment manufacturer, has expressed its desire to enter and invest over 150 million USD in the Bole Lemi Industrial Park, located in the outskirts of Addis Ababa, the capital city of […]
Monthly Archives: April 2024
32 posts
Addis Ababa, April 22, 2024 (FBC) – China’s Grand World Investment Holding Group has expressed its intention to explore investment prospects in Ethiopia within the manufacturing sector. The investment group’s interest in investing in Ethiopia emerged during a conversation between Ambassador Dewano Kedir, Deputy Head of Mission at the Ethiopian […]
Addis Ababa, April 20, 2024 (FBC) – Ethiopia’s Finance Minister Ahmed Shide represented Ethiopia at the Global Sovereign Debt Roundtable/GSDR co-chaired by the IMF, WB, and Brazil as the G20 Presidency, during the 2024 Spring Meetings. The meeting, according to the Ethiopian Embassy in Washington, D.C., was attended by Paris […]
Addis Ababa, April 22, 2024 (FBC) – Ethiopia’s industrial parks have produced more than 200 million USD worth of goods that replace imports, Industrial Parks Development Corporation (IPDC) announced. The parks have also earned over 90 million USD in revenue during the stated period by exporting various products to the […]
Addis Ababa, April 18, 2024 (FBC) – During its 21st regular session of the third year of tenure today, the House of Peoples’ Representatives of Ethiopia (HoPR) sanctioned bills pertaining to Special Economic Zones proclamation and the amendment of the Intergovernmental Authority on Development (IGAD) establishment agreement. The Special Economic […]
The directive issued in March by the Ethiopian Investment Board — chaired by Prime Minister Abiy Ahmed (PhD) — that opens up the export, import, wholesale and retail trade, which hitherto had been the exclusive preserve of domestic investors, to overseas investors subject to certain conditions has drawn mixed reactions. […]
Addis Ababa, April 18, 2024 (FBC) – Ethiopian Investment Commission and Trade and Regional Integration Ministry, in a joint statement, disclosed that the nation is set to open key commercial sectors that were restricted to only local investors to foreigners. The federal institutions announced that Ethiopia will open the import-export, […]
Addis Ababa, April 16, 2024 9FBC) – The recent Ethiopia-Japan Trade and Investment Seminar served as a platform to bolster the longstanding economic relations between the two nations, according to the Minister of State at the Ministry of Foreign Affairs of Ethiopia, Ambassador Mesganu Arga. He emphasized that the seminar […]
Addis Ababa, April 15, 2024 (FBC) – Ethio Telecom has launched a new feature on its telebirr SuperApp known as telebirr Engage, where customers can transact, socialize, and share via text, images, QR codes, audio, and video within a unified platform. “With this feature, our customers can easily exchange information, enrich their […]
Addis Ababa, April 12, 2024 (FBC) – China’s Xin Printing Technology expressed its strong desire to start its venture in Ethiopia. The company’s desire was disclosed during a meeting between Deputy Commissioner of Ethiopian Investment Commission, Mr. Dagato Kumbe and representatives from Xin Co. Ltd., the foremost printing technology company […]
Addis Ababa, April 12, 2024 (FBC) – Deputy Head of Mission of the Embassy of Ethiopia in Beijing, Ambassador Kedir Dewano, held a meeting with a delegation of China-Africa Economic and Trade Working Committee led by Huang Zinan as the two sides explored ways to enhance cooperation in various areas […]
Addis Ababa, April 12, 2024 (FBC) – Guangzhou Automobile Corporation (GAC), one of the largest electric vehicle producers, signed MoU agreement with Huajian Group, a Chinese company operating in Ethiopia. Zeleke Temesgen (PhD), Deputy Commissioner of Ethiopian Investment Commission, Ethiopian Ambassador to China, Tefera Derbew, Vice Mayor of Guangzhou, Tan […]