Addis Ababa, June 21, 2024 (FBC) – Ethiopia and China are holding Trade and Investment Forum in Addis Ababa in participation of government officials and business representatives of both countries. Ethiopian State Minister for Industry, Hassen Mohammed, State Minister for Finance, Semereta Sewasew, Director General of the Middle East, Assia […]
Daily Archives: June 21, 2024
10 posts
Addis Ababa, June 20, 2024 (FBC) – China’s prominent automotive manufacturer, Foton Motor Group, has expressed a keen interest in participating in the supply of electric vehicles in Ethiopia. This announcement was made following a meeting between Minister of State for Transport and Logistics, Mr. Denge Boru, and a delegation […]
A proclamation has been presented that would allow local financial institutions to form subsidiaries. The draft proclamation for the banking industry also suggests the establishment of specialized financial institutions. The parliament is eagerly awaiting the proclamation that will allow foreign investors to participate in Ethiopia’s banking sector. Banks will be […]
The newly emerged middle class are trailblazers in their own nations and represent, on a massive scale, agents of global economic transformation. Their effect on the global economy is already starkly apparent in the seismic shift in global economic gravity over the past few decades. Due to a myriad of factors, […]
Urgent call for UN reform to revive stalled progress on SDG’s The latest Sustainable Development Report, released on June 13, paints a concerning picture for Ethiopia’s progress on the UN’s Sustainable Development Goals (SDGs). The East African nation ranked 145th out of 167 countries in the 2024 SDG Index, underscoring […]
Officials at the Ministry of Finance have introduced a new excise stamp management directive in a bid to combat illicit trade and enhance tax collection. The directive mandates the use of digital or physical excise stamps on a range of goods, including alcoholic beverages, tobacco products, and bottled water, as […]
Addis Ababa, June 13, 2024 (FBC) – A foundation stone was laid for the establishment of a food processing and manufacturing company at the Bole Lemi Industrial Park, marking an investment of over 1.2 billion birr. The ceremony was attended by Mr. Kamil Ibrahim, Deputy CEO of Industrial Parks Development […]
Addis Ababa, June 13, 2024 (FBC) – Ambassador Demeke Atnafu, met with Mr. Basudev Mukherjee, Assistant Secretary General and Mr. Mayank Sharma, Deputy Director of the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Both discussed on the prospect of organizing a visit for an Indian business delegation to […]
Addis Ababa, June 12, 2024 (FBC) – During a meeting with the CEO of Ethiopia’s Industrial Parks Development Corporation, Shibata Hironori, the Japanese Ambassador to Ethiopia, revealed that efforts are underway to encourage more Japanese investors to invest in industrial parks and free trade zones across various sectors in Ethiopia. […]
Addis Ababa, June 11, 2024 (FBC) – Ethiopia and the Philippines emphasized the importance of further strengthening their relations in economic and financial domains. Ethiopia’s Ambassador to the Republic of Korea and Non-resident Ambassador to the Philippines, Dessie Dalkie, met with the Undersecretary of Finance of the Philippines, Jovez Z. […]