Addis Ababa, December 10, 2024 (FMC) – Hoatzin Investments Ltd, a company engaged in rare earth metals and green energy conversion and value enhancement, has expressed its keen desire to set up its state-of-the-art green refining industrial plant in Ethiopia, the Ethiopian Embassy in Nairobi revealed today. The Embassy shared […]
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Addis Ababa, December 9, 2024 (FMC) – A high-level business delegation from the Czech Republic, comprised of government officials and investors, recently visited the Bole Lemi and Kilinto special economic zones in Ethiopia. The delegation is actively exploring opportunities in sectors such as car assembly, medical equipment manufacturing, trade, and […]
Addis Ababa, December 9, 2024 (FMC) – Ethiopia’s State Minister at the Ministry of Foreign Affairs, Ambassador Birtukan Ayano, has invited the Czech Republic firms to take advantage of the opportunities presented by her country’s recent macroeconomic reforms. The state minister extended the call to Czechia companies during an Ethiopia-Czech […]
Addis Ababa, December 9, 2024 (FMC) – Investors engaged in the Bahir Dar Industrial Park are contributing to the country’s economic growth by generating foreign exchange and producing import substitution products. The General Manager of the Bahir Dar Branch of the Industrial Parks Development Corporation, Ms. Truye Qumie, said many […]
The government aims to enhance financing options that attract private sector participation beyond traditional banking institutions, despite its commitment to avoid using direct advances (DA) to address the budget deficit. In an effort to access the DA, a legacy public debt contributing significantly to inflation, the government has opted to […]
Addis Ababa, December 6, 2024*(FBC) — The first of its kind exhibition of Ethiopian women exporters trade fairs and exhibitions kicks off on 6 December 2024 at the Embassy premises under the framework of the African Continental Free Trade Area (AfCFTA). During the event, Gen. Bacha Debele, Ambassador Extraordinary and […]
Addis Ababa, December 5, 2024 (FBC) – The Ethiopian Investment Commission highlighted the country’s promising investment prospects to German and African investors during the 5th German African Business Summit (GABS) held in Nairobi, Kenya from December 2-4, 2024. Senior Advisors from the Commission presented various investment avenues and discussed the […]
Addis Ababa, December 5, 2024 (FBC) – Ethiopia’s State Minister of Foreign Affairs, Ambassador Mesganu Arga, met with Saudi Arabian investors in Riyadh to discuss investment opportunities in the east African country. Ambassador Mesganu highlighted Ethiopia’s recent economic reforms aimed at fostering foreign trade and investment. He emphasized that these […]
Addis Ababa, December 4, 2024 (FBC) – An Ethiopian delegation led by Ambassador Mesganu Arga, State Minister of Foreign Affairs, held discussions in Riyadh, Saudi Arabia, with Mr. Hassan Bin Mujab Al-Huwaizi, President of the Federation of Saudi Chambers of Commerce, and Mr. Mohammad Alabduljabar, Acting Governor of the General […]
Introduction Ethiopia has been gaining attention as an emerging investment destination in East Africa. With its rich cultural heritage, vast resources, and a rapidly growing economy, the country presents unique opportunities for investors. As of December 2024, several trends are reshaping the Ethiopian investment landscape. Key Trends in Ethiopian Investment […]
Addis Ababa, December 3, 2024 (FBC) – The Ethiopian Investment Commission (FBC) promoted 10 of the 13 industrial parks managed by Industrial Parks Development Corporation (IPDC) into Special Economic Zones, the Corporation disclosed today. In a letter communicated to IPDC, the Commission indicated that IPDC has been accorded the status […]
As the US Senate deliberates the AGOA Renewal and Improvement Act of 2024, extending the African Growth and Opportunity Act (AGOA) until 2041, the Pan-African Chamber of Commerce and Industry (PACCI) has raised critical concerns. While the 16-year extension offers stability for Africa-US trade relations, PACCI emphasizes the need for […]