In a significant policy shift, the Ethiopian government plans to eliminate the cap on private sector credit growth by the end of September 2025. This initiative is part of broader reforms designed to create a more market-oriented financial system, including the introduction of market-driven Treasury bonds at the start of […]
Daily Archives: February 4, 2025
8 posts
Ethiopian Investment Holdings (EIH), the entity responsible for managing 34 state-owned enterprises, has announced an ambitious initiative to fully fund the government’s budget deficit within the next five years. This plan comes at a critical time as Ethiopia grapples with significant budget shortfalls exacerbated by various global and domestic economic […]
Gov’t in midst of another attempt at selling off sugar estates Ethiopian Investment Holdings (EIH) reports the state-owned enterprises under its wing amassed 901 billion birr in total revenues over the first half of the fiscal year. The figure is equivalent to USD 5.1 billion and stands on par with […]
Addis Ababa, February 3, 2025 (FMC) – An Ethiopian Business and Investment Forum was held in Prague today to showcase the investment opportunities in Ethiopia with the participation of several Czech Republic businesses and heads of companies. State Minister of Foreign Affairs, Ambassador Mesganu Arga, in his opening remarks, underscored […]
Addis Ababa, January 29, 2025 (FMC) – Ethio-Engineering Group announced that it has been making preparations to manufacture electric vehicles in Ethiopia. The group CEO, Suleiman Dedefo, told local news agency ENA that there is abundant lithium in Ethiopia, a key component for electric vehicle battery production. Although the raw […]
Addis Ababa, January 27, 2025 (FMC) – Ethiopia’s Industrial Parks Development Corporation (IPDC) today reported that investors who have registered investments of over 597 million US dollars have entered the special economic zones and the Dire Dawa Free Trade Zone in the past 6 months of the 2024/25 fiscal year. […]
Addis Ababa, January 25, 2025 (FMC) – The Ethiopian Investment Commission (EIC), together with key stakeholders including the Ministry of Trade and Regional Integration (MoTRI), the Customs Commission, the Industrial Parks Development Corporation, and the Ethiopian Shipping Lines and Logistics Services Enterprise, has successfully concluded the operational commencement and handover […]
Addis Ababa, January 24, 2025 (FMC) – Indian car company Vipar Auto FZCO has announced its intention to invest in the sector in Ethiopia. This was announced following a meeting between Minister of State for Industry Mr. Hassen Mohammed and representatives of the company in Addis Ababa to discuss potential […]