Addis Ababa, January 9, 2025 (FMC) – Kumtek Industrial PLC, a Turkish company in Ethiopia, has announced plans to expand its operations in the country, the company’s Executive Manager, Sindu Habtemariam, revealed today. The company, which has been operating in Ethiopia for five years, currently manufactures household and electronic appliances, […]
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Overview of the Ethiopian Securities Exchange (ESX) The Ethiopian Securities Exchange (ESX) is set to play a pivotal role in transforming Ethiopia’s financial landscape. As the country prepares to launch its first-ever securities exchange, significant efforts are underway to modernize its economy and attract private investment. Recent Developments Ethiopia has […]
Addis Ababa, January 8, 2025 (FMC) – The representatives of the Ethiopian business community are anticipated to visit Saudi Arabia next week and explore opportunities in order to strengthen economic relations between the two countries. Ethiopian Ambassador to Saudi Arabia, Muktar Kedir conferred with Vice Minister of Foreign Affairs Vice […]
Ethiopia is on the verge of becoming a member of the World Trade Organization (WTO), but officials are warning that illicit trade practices could pose significant challenges to this goal. As the country prepares for its fifth round of international trade negotiations in Geneva, scheduled to take place in less […]
One question that 2025 may begin to answer is whether the BRICS (Brazil, Russia, India, China, South Africa) is becoming the new centre of power in world politics. Now that the group has added new members (Egypt, Ethiopia, Iran, and the United Arab Emirates) and come to represent 45pc of […]
Addis Ababa, January 4, 2025 (FMC) – A meeting between Fiseha Yitagesu (PhD), CEO of the Industrial Parks Development Corporation, and Hua Rong Zhang, CEO of Huajian Ethiopia, explored possibilities for future partnerships in the investment sector. During the discussion, CEO of Huajian Ethiopia expressed interest of the company to […]
Addis Ababa, January 3, 2025 (FMC) — Ambassador of Ethiopia to India, Fesseha Shawel, conferred with Mr. Sanjay Aggarwal, Managing Director of IndoGulf Cropsciences Limited, on the possibility of manufacturing agrochemicals and fertilizers in Ethiopia. While the company was already engaged in the export of agrochemicals to Ethiopia, the Ambassador […]
Addis Ababa, January 2, 2025 (FMC) – Ethiopia’s Ministry of Trade and Regional Integration (MoTRI) has announced that over 216 million USD has been earned from the export of horticulture sector in the past five months of the 2024/25 fiscal year. Following a 5 month performance review meeting, the ministry […]
Addis Ababa, January 2, 2025 (FMC) – The Ethiopian Investment Commission (EIC) held a consultative meeting with the China Chamber of Commerce and the Chinese Embassy to enhance the performance of Chinese investors in Ethiopia. The half-day event was held in the presence of EIC Chief Commissioner Mr. Zeleke Temesgen […]
Addis Ababa, January 1, 2025 (FMC) – On the back of robust Ethiopia-Qatar ties and its strategic location as a gateway to the African continent, the country is looking to attract FDI, particularly investments from Qatar in various sectors, Ethiopian ambassador Faisal Ali Ibrahim has said. “Ethiopia stands as a […]
Introduction Ethiopia, a country known for its rich history and diverse cultures, has recently emerged as a focal point for real estate investment. With rapid economic growth and urbanization, the real estate sector presents numerous opportunities for both local and international investors. This article explores the factors driving real estate […]
Addis Ababa, December 11, 2024 (FMC) – Prime Minister Abiy Ahmed (PhD) announced significant advancements in the country’s coffee production sector as efforts intensify to position Ethiopia not only as the birthplace of coffee but also as a leading coffee-producing nation. Over the past five years, Ethiopia has witnessed a […]