Advantages of WTO Membership Joining the World Trade Organization (WTO) provides several key benefits for member countries, including: Ethiopia’s Accession Progress Ethiopia’s journey to join the WTO has been a prolonged process, initiated in 2003: Conclusion While WTO membership promises significant economic advantages, Ethiopia’s accession remains a work in progress. […]
Team ABIC
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Ethio telecom has introduced a series of groundbreaking digital solutions aimed at modernizing and enhancing various sectors in Ethiopia. The company’s latest offerings include a digital cattle tracking system, cloud-based services for enterprise customers, a Tele PTT/V solution for businesses, a core banking solution for microfinance institutions, a learning management […]
Addis Ababa, March 3, 2025 (FMC) – The Japan External Trade Organization (JETRO) has pledged to actively support the promotion of investment opportunities in Ethiopia, aiming to encourage Japanese companies and investors to explore the country’s growing sectors. This commitment was made public after a meeting between Mr. Fisseha Yitagesu, […]
Central bank regulators are working on a directive that would govern licensing procedures for banks looking to open branches inside Special Economic Zones (SEZs). The ‘Licensing and supervision of banking business requirements for licensing a bank branch to operate in SEZs’ directive will require banks to ensure SEZ branches provide […]
Addis Ababa, March 1, 2025 (FMC} — An Ethiopian Investment Promotion Forum was held in Brasilia, the capital of Brazil, and the event was graced by the East African nation’s State Minister for Foreign Affairs, Ambassador Mesganu Arga. On the occasion, the State Minister highlighted Ethiopia’s priority areas in agro-processing, […]
Addis Ababa, February 27, 2025 (FMC) – Ethiopia’s Ambassador to India, Fesseha Shawel, interacted with Indian business community in Mumbai. He had productive discussions with Director General of the Bombay Chamber of Commerce & Industry, Mr. Sandeep Khosla, Indian Merchants Chamber of Commerce and Industry’s Director General, Mr. Ajit Mangrulkar, […]
Addis Ababa, February 27, 2025 (FMC) — The Japanese company Toyo Solar, which has invested $60 million in the Hawassa Special Economic Zone to produce various solar panels, has completed the installation of machinery and has begun pilot production. The CEO of the Industrial Parks Development Corporation of Ethiopia (IPDC), […]
Addis Ababa, February 25, 2025 (FMC) — An Ethio-Jiangsu (China) Economic and Trade Cooperation Conference opened at Adwa Victory Memorial Museum, later today. On the occasion, Ambassador Negus Kebede, the Director-General of Middle East, Asia, and Pacific Countries Affairs of the Ministry of Foreign Affairs, noted that several Chinese companies […]
Addis Ababa, February 25, 2025 (FMC) – A Chinese delegation from Jiangsu province met with the senior officials of Ethiopian Investment Commission (EIC) to enhance Ethiopia-China investment cooperation. On the occasion, Zeleke Temegen (PhD) highlighted China’s vital role in Ethiopia’s development, emphasizing the government’s commitment to a favorable investment climate. […]
Addis Ababa, February 24, 2025 (FMC) — An Ethiopia-China Economic and Trade Forum opened this afternoon at the Skylight Hotel in Addis Ababa, the Ethiopian foreign ministry reported. The forum was jointly organised by the Ministries of Foreign Affairs and Trade and Regional Integration in collaboration with the Ethiopian Investment […]
Addis Ababa, February 24, 2025 (FMC) – Ethiopia’s Minister of Trade and Regional Integration Kassahun Gofe (PhD) has recommended strategies to further strengthen the existing trade relations between his country and China. Promoting trade and business engagement between the two nations was the agenda for discussion during a meeting between […]
Addis Ababa, February 22, 2025 (FMC) — Ethio-Djibouti Railway service (EDR) has announced the launch of an online ticket booking service for its passengers. The company’s CEO Engineer Takele Uma announced today on his social media page that starting from February 24, 2025, passengers will be able to book and […]