Addis Ababa, April 2, 2024 (FBC) – The Industrial Parks Development Corporation (IPDC) indicated that the China Energy Engineering Corporation (CEEC) has expressed a keen interest in undertaking the construction of new industrial parks and pursuing various investment opportunities in Ethiopia. IPDC’s Chief Executive Officer, Aklilu Tadesse, convened a meeting […]
Daily Archives: April 4, 2024
7 posts
Addis Ababa, April 2, 2024 (FBC) – World Bank Vice President for Ethics and Internal Justice Services, Lisa Rosen, and Ethiopian Industry Minister Melaku Alebel inspected small and medium manufacturing industries supported by the Bank. Mr. Melaku highlighted that the purpose of the visit was to assess the effectiveness of […]
Addis Ababa, April 1, 2024 (FBC) – Jobs created for young citizens, especially young women, by industrial parks are encouraging, according to United Nations Development Coordination Office for Africa Director Yacoub Al Hillo. After visiting the Bole Lemi Industrial Park, the director said he was impressed by the investment activities […]
Addis Ababa, March 31, 2024 (FBC) – The World Bank (WB) will continue supporting the National Financial Inclusion Strategy of Ethiopia, which is critical for the growth and prosperity of the country, Bank Senior Economist Michael O’Sullivan said. The National Financial Inclusion Strategy 2021-2025 was revised in close collaboration with […]
Officials at the Ministry of Agriculture have finally received the go-ahead to use a portion of the federal fertilizer subsidy budget to lower costs for lime needed to remedy acidic soil threatening farm productivity in many parts of the country. Lime (calcium carbonate) is used to neutralize acidic reactions and […]
The repayment of foreign debt by state-owned enterprises such as the Ethiopian Electric Power (EEP) and the Public Enterprise Holding and Administration (PEHA) is dragging far behind schedule as the federal government continues to grapple with the country’s crippling forex drought. Public enterprises under PEHA planned to service at least […]
In the banking industry, an indefensible gender imbalance persists at the leadership level. Among the country’s 28 commercial banks, only Melika Bedri, president of ZamZam Bank, holds a position at the apex, making her a rare example in an industry where only four women have historically ascended to such heights. […]