Exporters are urging the federal government to establish a new ministry dedicated to the sector as well as form a national export promotion council as a way to help resolve the institutional bottlenecks and market vacuums they argue have been hampering their trade for several decades. The proposal was floated […]
AB Int
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Unity Parks Corp. starts out with 28bln in authorized capital The Council of Ministers has approved the formation of a new state-owned enterprise to administer government-built parks and recreation centers in Addis Ababa and elsewhere with an authorized capital of 28 billion birr. The Unity Parks Corporation will start its […]
Addis Ababa, August 30, 2024 (FBC) – The Ethiopian government encouraged Chinese investors to explore opportunities within the country’s industrial parks and its first free trade zone. The invitation was made by Fisseha Yitagesu, chief executive officer of the Ethiopian Industrial Parks Development Corporation (IPDC), and other senior Ethiopian officials […]
Addis Ababa, August 29, 2024 (FBC) – Ethiopia’s Coffee and Tea Authority (ECTA) has announced a record-breaking 1.43 billion USD annual revenue from the export of coffee products in the 2023/24 fiscal year. This marks the first time in history that Ethiopia has achieved such high revenue from coffee exports. […]
Addis Ababa, August 28, 2024 (FBC) – Ambassador Bizunesh Meseret, Chargée d’Affaires at the Ethiopian Embassy in New Delhi, spoke at the 10th India International MSME Trade Fair and Expo held in New Delhi, India. In her address, Ambassador Bizunesh highlighted the numerous untapped investment opportunities in Ethiopia and the […]
Addis Ababa, August 28, 2024 (FBC) – Saudi Arabia and Ethiopia are set to strengthen their economic ties with the establishment of a new business council for the 2024-2028 term, the Federation of Saudi Chambers announced. The Saudi-Ethiopian Business Council, recently approved by the General Authority for Foreign Trade, aims […]
World’s 4 largest GDPs, trillions, US$1. China $41.92. U.S. $37.23. India $22.24. Indonesia $6.3 Africa’s 4 largest GDPs1. #Egypt $3.52. #Nigeria $3.43. #Ethiopia $1.64. #SouthAfrica $1.4 Global GDP: $227.9EMs >DMs Source: Goldman Sachs, by 2050, via Visual Capitalist Africa’s 4 largest GDPs by 2075:Nigeria: $13.1 (2.85X)Egypt: $10.4 (1.97X)Ethiopia: $6.2 (3.42X)South […]
Addis Ababa, August 27, 2024 (FBC) – Trade and Regional Integration Minister Kassahun Gofe reiterated the necessity of producing goods in sufficient quantity and quality in order to be competitive in the global market. A panel discussion, which focused on export and regional integration issues, was held with the pertinent […]
Addis Ababa, August 27, 2024 (FBC) – Ethiopia’s full implementation of economic reform policy measures would expedite its effort for accession of World Trade Organization (WTO), Trade and Regional Integration Minister Kassahun Gofe said. The minister made the remark today at a panel discussion held between pertinent government entities and […]
The Ministry of Finance has lifted the 250,000-dollar cap on franco valuta imports, allowing for the import of all goods except fossil fuel-powered automobiles and security and defence equipment. The change was outlined in a circular signed by State Minister Eyob Tekalign (PhD), who described it as part of the […]
Addis Ababa, August 25, 2024 (FBC) – A new Ethiopian Export Trade Permanent Exhibition Center was officially inaugurated today along with the start of a five-day trade week aimed at promoting the country’s products and services. High-level government officials, including head of the Democratic System Building Coordination Center with the […]
Addis Ababa, August 25, 2024 (FBC) – Import substitution has registered remarkable results in the concluded Ethiopian fiscal year, Industry Minister Melaku Alebel remarked. Discussion is underway on the annual performance review of Industry Ministry and plan for 2024/25 (2017 E.C) fiscal year in Hawassa. Speaking on the occasion, the […]