Addis Ababa, August 1, 2023 (FBC) – The World Bank President Ajay Banga stated that Ethiopia’s achievements in job creation and market linkage is promising. The World Bank President told the media after visiting one of the huge investment centers in Ethiopia, the Bole Lemi Industrial Park, together with Prime […]
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Addis Ababa, July 31, 2023 (FBC) – The Ministry of Industry of Ethiopia (MoI) has announced that 1,000 industries have gone operational in the 2022/23 Ethiopian fiscal year. The Minister of Industry, Melaku Alebel, stated that effective activities were undertaken through the “Made In Ethiopia” (Ethiopia Tamrt) campaign in the […]
Addis Ababa, July 31, 2023 (FBC) – Ambassador of Ethiopia to Saudi Arabia, Lencho Bati, held a meeting with owners and Managers of Mining firms of Kingdom of Saudi Arabia including METAB N. AL-NAMIR CO.LTD, AYYAD DHAIFALLAH AYYAD and AL-OTAIBI LAW FIRM. During the meeting Ambassador Lencho briefed the owners […]
Chinese international car manufacturer Chery Commercial Vehicles International Corporation is planning to conduct a pre investment visit to Ethiopia soon, the company’s General Manager Mr. Jean Cui said. Chery General Manager Mr. Jean Cui revealed his firm’s desire during a meeting with the Ethiopian Ambassador to China, Ambassador Tefera Derbew […]
The African Continental Free Trade Area (AfCFTA) agreement is a development instrument that provides an opportunity for businesses to export to other African countries, thus boosting intra-African trade. Yet, Ethiopian businesses lack relevant information on product entry requirements, and on processes and procedures to access the single African market.To bridge […]
The Ethiopian government is looking to raise USD 12 billion in financing to implement its new three-year economic reform plan, according to Teklewold Atnafu, economic advisor to Prime Minister Abiy Ahmed (PhD). The funds would come from institutions like the International Monetary Fund (IMF) and World Bank, as well as […]
Addis Ababa, July 14, 2023 (FBC) – Ethiopian Agricultural Authority (EAA) and the Netherlands Centre for the Promotion of Imports (CBI) have signed a Memorandum of Understanding to boost competitiveness of agricultural products in the international market, the Netherlands Embassy in Ethiopia announced. The Netherlands Centre for the promotion of […]
Addis Ababa, July 13, 2023 (FBC) – Ethiopian delegation led by Lelise Neme, Commissioner of the Ethiopian Investment Commission held meetings with the President of the Portuguese Shoes Manufacturers Association (APICCAPS) and the President of the Portuguese Textile and Garment Association (ATP). The delegation is in its investment promotion mission […]
Addis Ababa, July 11, 2023 (FBC) – Ethiopia has secured more than 1.3 billion USD during the concluded budget year by exporting 240,000 tons of coffee. The nation’s plan was to secure 1.8 billion USD during the stated period. Despite all the challenges the coffee market faced at the global […]
The private sector’s ability to prosper is imperative to job creation and investments necessary for human security. Armed conflict and post-conflict situations constitute severe constraints on economic life and present a hostile environment to business and investments. Economic analysts, however, seriously argued that the positive connections between the role and […]
Addis Ababa, July 9, 2023 (FBC) – As part of a three-year project sponsored by the Ethiopian Ministry of Labour and Skills and the MasterCard Foundation, a network of religious congregations in Ethiopia supported by the Global Solidarity Fund signs an agreement with two local banks to provide microcredit to […]
Addis Ababa, July 8, 2023 (FBC) – Ethiopia’s State Minister for Foreign Affairs, Ambassador Mesganu Arga, met with Deputy Minister of Economy and Chairman of Small and Medium Business Development Agency (KOBiA) of Azerbaijan, Sahib Mammadov and Orkhan Mammadov, respectively, on Friday (7 July). They discussed mechanisms of promoting trade […]