Addis Ababa, November 12, 2024 (FBC) – An exhibition highlighting Ethiopian women exporters will take place in Nairobi, Kenya, on December 6, 2024, as part of the African Continental Free Trade Area (AfCFTA) initiative. Co-organized by the Center for Accelerated Women’s Economic Empowerment (CAWEE), the African Women’s Entrepreneurship Program’s (AWEP) […]
Monthly Archives: November 2024
23 posts
Addis Ababa, November 12, 2024 (FBC) – The Dire Dawa Free Trade Zone has officially begun full operations, according to the Industrial Parks Development Corporation (IPDC). Fisseha Yitagessu, CEO of IPDC, made the announcement during a visit with investors currently in the process of securing licenses from the Ethiopian Investment […]
Addis Ababa, November 11, 2024 (FBC) – In a landmark achievement, the Ethiopian Ministry of Agriculture announced Ethiopia’s inaugural shipment of vegetable products to Europe. Ethio Vegfru Plc. successfully embarked on transportation of Sugar snap peas and mangetout to the Netherlands today. The shipment, consisting of 12 tons of these […]
The Ethiopian Securities Exchange (ESX), a significant milestone in the country’s financial landscape, is slated for official launch at the end of November 2024. This development marks a historic step as part of Ethiopia’s national economic reform efforts aimed at enhancing public-private sector collaboration. Established in October 2023, the ESX […]
The International Monetary Fund (IMF) has revised its inflation forecast for the 2024/25 year, commending the government’s efforts to control rising prices in light of recent macroeconomic reforms. Despite the successful implementation of a flexible exchange rate, the response of foreign exchange supply has been slower than anticipated in the […]
Addis Ababa, November 1, 2024 (FBC) – The Industrial Parks Development Corporation (IPDC) today disclosed that it has attracted 300 million USD worth of investments in the first quarter of the current Ethiopian fiscal year. Some 45 investors have already engaged in various industrial parks managed by the corporation and […]
ddis Ababa, October 29, 2024 (FBC) – The China-Africa Development Fund (CADF) has expressed its desire to work in partnership with the Ethiopian Investment Commission (EIC) to facilitate further investments in Ethiopia. This story was disclosed by EIC after the meeting between Mr. Dagato Kumbe, Deputy Commissioner of the Investment […]
Addis Ababa, October 28, 2024 (FBC) – Some 108 foreign and domestic investors have received investment licenses in the first quarter of the current Ethiopian fiscal year, according to Ethiopian Investment Commission (EIC) This was revealed during EIC’s review its first quarter of 2017 FY work performance report in the […]
Addis Ababa, October 28, 2024 (FBC) – Bahir Dar Industrial Park has made significant strides in benefiting local youth, agricultural investors, and farmers in the region. Zemen Junedin, Deputy Head of the Promotion and Marketing Division at the Ethiopian Industrial Parks Development Corporation (IPDC), reported that Nirvana, an Indian agroprocessing […]
Addis Ababa, October 15, 2017 (FBC) – Malaysian investors have expressed a strong interest in exploring investment opportunities in Ethiopia across various sectors. During a recent working visit to Malaysia, an Ethiopian delegation engaged with local business leaders to discuss potential collaborations. The delegation highlighted Ethiopia’s attractive investment climate and […]
Addis Ababa, October 24, 2024 (FBC) – The Ministry of Trade and Regional Integration reviewed the export performance for the first quarter of the fiscal year today with the participation of exporters. Minister Kasahun Gofe (PhD) highlighted a remarkable improvement in both volume and foreign exchange value compared to the […]