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 […]
Monthly Archives: June 2024
40 posts
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. […]
Addis Ababa, June 10, 2024 (FBC) – Ethiopia’s Minister of Finance, Ahmed Shide, held a meeting with his Qatari counterpart, Ali Bin Ahmed Al-Kuwari, in which they discussed various topics including finance, development cooperation, and investment opportunities in both Ethiopia and Qatar. During the meeting, Ahmed Shide provided a presentation […]
According to the latest World Bank annual ratings, Ethiopia is ranked 159th among 190 economies in terms of ease of doing business . While the rank has remained unchanged at 159 in both 2018 and 2019, the government of Ethiopia has been undertaking various reforms to improve the ease of […]
Asset price inflation, particularly in the rich countries of the world system, has become pronounced. Increases in asset prices benefit those who are already well endowed. On the other hand, the mechanisms by which asset prices are systemically forced to go up dispossess the large majority of non-asset owning classes, […]
ix years of pronounced decline in investment attractiveness due to political unrest and other economic factors has led the federal government to bet big on a new approach: Special Economic Zones (SEZs). The authorities hope to see the initiative integrate various sectors, rather than the sole focus on manufacturing that […]
Addis Ababa, June 9, 2024 (FBC) – Ethiopia’s Ambassador to Djibouti, Berhanu Tsegaye held a meeting with Datoo Gaas Ali, CEO of AMOYTA, a company with a plan to open an industry in Ethiopia. In light of our specific support for the industry sector, the Ambassador and the AMOYTA CEO […]
Addis Ababa, June 8, 2024 (FBC) – Ambassador Demeke Atnafu of Ethiopia to India met with Dr. Vishal Kalra, the Managing Director of India’s Designistic World Limited, to discuss potential investment opportunities in Ethiopia. During their meeting, Dr. Vishal Kalra presented Ambassador Demeke with four proposals, including for the manufacturing […]
Addis Ababa, June 7, 2024 (FBC) – The Ministry of Foreign Affairs stated that the number of countries and investors that prefer Ethiopia for investment has increased. This was announced by the Spokesperson of the Ministry of Foreign Affairs, Ambassador Nebiyu Tedla, today during a press briefing to the media. […]
Addis Ababa, June 7, 2024 (FBC) – Following the two-day forum which aimed to promote our Ethiopia’s investment opportunities and options, the Ethiopian Investment Commission arranged a visiting session for the Saudi High Level Investment Delegation at Debrezeit ALEMA KOUDIJS FEED factory. During the visit, the delegation from Saudi Arabia […]