Overview of Ethiopia’s Micro Economy Ethiopia’s micro economy is characterized by a vibrant landscape of small and medium-sized enterprises (SMEs) that play a crucial role in driving innovation and job creation. These businesses are essential for economic renewal and contribute significantly to the overall economic framework of the country. The […]
Team ABIC
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Addis Ababa, September 25, 2024 (FBC) – Pakistani investors have expressed a keen interest to invest in aluminum, steel and packaging sub-sectors in the industrial parks and Dire Dawa Free Trade Zones. Shiferaw Solomon, General Manager of Industrial Projects Services at the Corporation, recently held a meeting with Pakistani investors […]
Addis Ababa, September 24, 2024 (FBC) – The third edition of mining and technology expo, dubbed as MINTEX 2024, will be held from 23 to 26 November 2024 at the Millennium Hall in Addis Ababa, the Ministry of Mines of Ethiopia (MoM) announced today. The event will bring together various […]
Addis Ababa, September 24, 2024 (FBC) – Several Chinese companies have disclosed intentions to visit Ethiopia soon to conduct pre-investment assessment in various sectors, according to the Ethiopian Embassy in Beijing. The companies’ interest was learned during a the meeting between Ambassador Tefera Derbew, Ethiopia’s Ambassador to the People’s Republic […]
Addis Ababa, September 24, 2024 (FBC) – Ethiopian Electric Power (EEP) has announced that it will encourage manufacturers of electric vehicles. Belayneh Kinde Group (BKG) has delivered electric buses to the Ethiopian Electric Power (EEP) today. On the occasion, CEO of Ethiopian Electric Power, Ashebr Balcha, stated that efforts are […]
In a significant development, the inaugural conference of the Ethiopian Family Business Forum (EFBF) has shed light on the critical challenges faced by family businesses in Ethiopia. The conference, held under the theme “Passing the Torch; Sustaining Success in Ethiopian Family Business,” highlighted the importance of these enterprises in the […]
Addis Ababa, September 23, 2024 (FBC) – Vietnam’s textile solutions company Shin Textile Solutions (ShinTS) has disclosed its intentions to expand its presence in Ethiopia. The company’s plans were revealed during a meeting between Dessie Dalkie, Ethiopian Ambassador to the Republic of Korea and Non-Resident Ambassador to the Socialist Republic […]
Addis Ababa, September 23, 2024 (FBC) – The head of Ethio-Djibouti Railway S.C., Takele Uma, today announced that the Railway has launched a direct transport service for livestock from Ethiopia’s Adama city to Djibouti. In a post on his social media page, Mr. Takele said, “Today, we’re launching our first […]
Addis Ababa, September 20, 2024 (FBC) – The Ethiopian Investment Commission (EIC) held a discussion with Beijing Municipal Bureau of Commerce to enhance FDI flows from Beijing, China to Ethiopia to benefit both countries, the Commission confirmed. During the discussion, representatives of EIC highlighted Ethiopia’s investment potential in various sectors […]
Addis Ababa, September 19, 2024 (FBC) – Ethio Telecom, the leading telecommunications service provider in Ethiopia, today announced that it aims to reach 83 million customers at the end of the current Ethiopian fiscal year. In highlighting her company’s 2024/25 Business Annual Plan, Ethio telecom CEO Ms. Frehiwot Tamru underscored […]
Addis Ababa, September 14, 2024 (FBC) – Ethiopia and China have reached agreement to set up platform for the exchange of knowledge and experiences between their respective manufacturing industry communities. This move aims to strengthen trade and investment cooperation between the two nations, fostering greater collaboration and understanding. During a […]
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 […]