Ethiopia has a complex system of customs taxes and investment incentives designed to stimulate economic growth and attract foreign investment. Understanding these regulations is crucial for businesses and investors looking to operate in the country. Customs Tax Structure Customs Duties: The rate of customs duties in Ethiopia ranges from 0% […]
Yearly Archives: 2024
362 posts
Addis Ababa, August 1, 2024 (FBC) – A 64-member Chinese delegation, including investors and mayors, took part in a Business-to-Government Forum at the Skylight Hotel in Addis Ababa which kicked off Wednesday the 31st of July 2024.. The forum involved over 40 Ethiopian government officials, according to the Ministry of Foreign […]
Addis Ababa, July 30, 2024 (FBC) – Ethiopia’s Minister of Finance, Mr. Ahmed Shide, stated that the partnership between Ethiopia and the World Bank is instrumental in his country’s collective pursuit of sustainable development. The Minister made this remark after the signing a 1.5 billion USD worth of support with […]
Addis Ababa, July 30, 2024 (FBC) – Ethiopian Investment Commission Commissioner, Hanna Arayaselassie, held a meeting yesterday with Iranian Ambassador to Ethiopia, Ali Akbar Rezaei. The discussion focused on mechanisms to boost collaboration in the trade and investment sectors between the two nations. https://www.fanabc.com/english/ethiopia-and-iran-explore-opportunities-for-strengthening-investment-cooperation
Addis Ababa, July 29, 2024 (FBC) – Fisseha Yitagesu, CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), expressed optimism regarding the pursuit of excellence in Eco Industrial Park at Kombolcha Industrial Park. During his visit, the CEO reviewed ongoing operations and toured various manufacturing facilities within the park, engaging […]
Officials of the Ethiopian Customs Commission have drastically tightened the rules for duty-free import privileges. According to Commissioner Debele Kabeta, only army and national intelligence chiefs, along with the Minister of Finance, would retain granting these benefits. Effective July 22, 2024, the Commissioner ordered his subordinates to halt processing duty-free […]
Addis Ababa, July 26, 2024 (FBC) – During a meeting with the Russian-African Economic Cooperation Committee, Fisseha Yitagesu, CEO of the Industrial Parks Development Corporation (IPDC), expressed the corporation’s desire to attract more Russian investments into industrial parks, aligning with the long-standing relationship between Ethiopia and Russia. Fisseha highlighted the […]
Ethiopia’s financial industry is undergoing substantial transformation under the stewardship of Governor Mamo Mihretu, the 10th governor of the National Bank of Ethiopia (NBE). The series of reforms introduced over the past year signify a shift to address longstanding macroeconomic imbalances and position the country’s banking sector on par with […]
Based on the search results, here is the latest information on Ethiopia’s finance sector: 1. Ethiopia takes first step towards liberalizing finance sector: According to the Financial Times, Ethiopia has taken the first step towards liberalizing its finance sector. The country is aiming to attract foreign investment and boost economic […]
Addis Ababa, July 24, 2024 (FBC) – Ambassador Bzunesh Meseret, Deputy Head of Mission at the Ethiopian Embassy in New Delhi, took part in India-Africa Business Conclave 2024 (2nd Edition) which was held in Ahmedabad City, Gujarat State, India, a few days ago. Ambassador Bzunesh on the occasion delivered a […]
Addis Ababa, July 22, 2024 (FBC) – Ethiopia’s Finance Minister Ahmed Shide emphasized the need for reinforcing transformative financial frameworks to the Sustainable Development Goals (SDGs) and undertaking comprehensive reform in the global financing system. The minister also called on all stakeholders to undertake comprehensive reform of the global financing […]
Addis Ababa, July 20, 2024 (FBC) – The Ethiopian Industrial Parks Development Corporation (IPDC) disclosed that it attracted more than 500 million USD in capital investments during the 2023/24 Ethiopian fiscal year. Similarly, the corporation revealed that more than 237 million USD worth of import substitute products were supplied to […]