In a bid to avert the impacts of fluctuations in international trade, Ethiopia has introduced a newly amended export incentive policy, overhauling incentive scheme provisions for value addition in export commodities. The ‘Export Trade Duty Incentive Schemes Amendment Proclamation’ tabled to Parliament this week looks to replace legislation first ratified […]
Daily Archives: May 24, 2024
11 posts
The federal government’s long wait for a financial package from the International Monetary Fund (IMF) continues as virtual and in-person negotiations have yet to bear fruit. Julie Kozack, IMF communications head, stated on Thursday that engagements with Ethiopian authorities are progressing but did not mention how close negotiations were to […]
Addis Ababa, May 24, 2024 (FBC) – The Embassy of the Federal Democratic Republic of Ethiopia, in collaboration with the Belarussian Chamber of Commerce and Industry, organized a Business Forum in Minsk on 23 May 2024. The Forum attracted more than fifty-five companies and business enterprises that are engaged in […]
Addis Ababa, May 15, 2016 (FBC) – The Ethiopian Civil Aviation Authority has granted approval to local private operators to operate regular passenger and cargo flight services. The authorization is said crucial in encouraging more investors to enter the sector and enable the air transportation industry to contribute to the […]
Addis Ababa, May 23, 2024 (FBC) – A delegation of 76 Pakistani business companies, including prominent firms, will visit Ethiopia from May 26-31, 2024 as part of the second business and trade delegation to the country. The visit aims to explore trade and investment opportunities, as announced by the spokesperson […]
Addis Ababa, May 22, 2024 (FBC) – Ambassador of Ethiopia to China, Tefera Derbew, has leveraged the recently held SINOMA Cement Green & Intelligent Summit to highlight the characteristics and initiatives of Ethiopia’s cement industry and green development. The Second SINOMA Cement Green & Intelligent Summit was held in Nanjing, […]
Addis Ababa, May 21, 2024 (FBC) – A delegation of experienced Australian construction investors has expressed keen interest in pursuing investment opportunities in Ethiopia’s housing development and infrastructure sectors. Their interest was disclosed during a meeting held with the Minister of Urban and Infrastructure Development of Ethiopia, Ms. Chaltu Sani. […]
Addis Ababa, May 20, 2024 (FBC) – The Ministry of Planning and Development (MoPD) has announced that Ethiopia’s economy is on track to achieve the projected 7.9 percent growth rate for the 2023/24 fiscal year. Minister Fitsum Aseffa stated that the performance in the agriculture, industry, and service sectors over […]
Addis Ababa, May 20, 2024 (FBC) – The Ethiopian Embassy in Istanbul has announced the upcoming Ethiopia-Türkiye Trade and Investment Forum set to be held on May 27, 2024. The event will take place at Müsiad’s headquarters located in Istanbul, Türkiye. This high-level business forum aims to showcase investment prospects […]
On May 16, 2024 169 Addis Ababa, May 16, 2024 (FBC) – The Ministry of Revenues announced that it has collected more than 425 billion Birr tax from domestic sources and foreign trade over the last ten months of current Ethiopia Fiscal Year. In her briefing to the media today, […]
Addis Ababa, May 16, 2024 (FBC) – The Minister of Trade and Regional Integration of Ethiopia, Mr. Gebremeskel Chala, engaged in discussions with the Ambassador of Türkiye to Ethiopia, Berk Baran, to enhance trade relations between the two nations. During the meeting, Mr. Gebremeskel emphasized the importance of Türkiye sharing […]