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 […]
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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 […]
Addis Ababa, September 12, 2024 (FBC) – Ethio Engineering Group today revealed that the Bishoftu Automotive Manufacturing Industry is set to enter the market with its N7 Pickup model. The Group noted that this development marks a significant milestone for Bishoftu Automotive Manufacturing Industry, as it prepares to introduce its […]
The need for new financing strategies and improved access to global capital markets for development finance has become more pressing than ever. As a result, Africa requires an additional $1.3 trillion per year to make meaningful progress toward the Sustainable Development Goals (SDGs), according to experts. In response to this […]
Addis Ababa, September 9, 2024 (FBC) – Chief Executive Officer of Ethio Djibouti Standard Gauge Railway Share Company, Takele Uma, met with Yonis Ali Guedi, Minister of Energy and Natural Resources of Djibouti. Takele expressed gratitude to Yonis Ali for his efforts and leadership in connecting the Ethiopia-Djibouti railway to […]
Addis Ababa, September 8, 2024 (FBC) – The governments of Ethiopia and Kenya have reaffirmed their commitment to strategic utilization of Lamu Port as well as the advancement of joint initiatives in technology and green energy. The two countries, which had called for deeper economic ties and increased investment between […]
Addis Ababa, September 8, 2024 (FBC) – Chinese Professor Wang Xingping underscored that the Ethio-China investment and development cooperation have been elevating the bilateral relationship of the two countries to a new heights. The professor elaborated that the partnership between the two countries, dating back to the early 1970s, has […]
The Industrial Parks Development Corporation (IPDC) is in the process of establishing a set of subsidiary companies in a bid to better handle the responsibilities of managing more than a dozen industrial parks in the country. The subsidiaries under formation will be tasked with separately handling logistics, construction, consultancy, manufacturing, […]
ddis Ababa, September 6, 2024 (FBC) – The foreign exchange market gap with parallel market price has significantly declined from 100 to 4 percent in a single month following the implementation of the macroeconomic reform policy, National Bank of Ethiopia (NBE) Governor Mamo Mihretu said. In the launching ceremony of […]
At the opening ceremony of the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), Chinese President Xi Jinping delivered a keynote address emphasizing the need for strengthened partnerships between China and African nations. The summit, attended by heads of state and government from various African countries, marks a significant […]