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 […]
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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 […]
Addis Ababa, December 10, 2024 (FMC) – Hoatzin Investments Ltd, a company engaged in rare earth metals and green energy conversion and value enhancement, has expressed its keen desire to set up its state-of-the-art green refining industrial plant in Ethiopia, the Ethiopian Embassy in Nairobi revealed today. The Embassy shared […]
Addis Ababa, December 9, 2024 (FMC) – A high-level business delegation from the Czech Republic, comprised of government officials and investors, recently visited the Bole Lemi and Kilinto special economic zones in Ethiopia. The delegation is actively exploring opportunities in sectors such as car assembly, medical equipment manufacturing, trade, and […]
Addis Ababa, December 9, 2024 (FMC) – Investors engaged in the Bahir Dar Industrial Park are contributing to the country’s economic growth by generating foreign exchange and producing import substitution products. The General Manager of the Bahir Dar Branch of the Industrial Parks Development Corporation, Ms. Truye Qumie, said many […]
The government aims to enhance financing options that attract private sector participation beyond traditional banking institutions, despite its commitment to avoid using direct advances (DA) to address the budget deficit. In an effort to access the DA, a legacy public debt contributing significantly to inflation, the government has opted to […]
Addis Ababa, December 5, 2024 (FBC) – Ethiopia’s State Minister of Foreign Affairs, Ambassador Mesganu Arga, met with Saudi Arabian investors in Riyadh to discuss investment opportunities in the east African country. Ambassador Mesganu highlighted Ethiopia’s recent economic reforms aimed at fostering foreign trade and investment. He emphasized that these […]
Addis Ababa, December 4, 2024 (FBC) – An Ethiopian delegation led by Ambassador Mesganu Arga, State Minister of Foreign Affairs, held discussions in Riyadh, Saudi Arabia, with Mr. Hassan Bin Mujab Al-Huwaizi, President of the Federation of Saudi Chambers of Commerce, and Mr. Mohammad Alabduljabar, Acting Governor of the General […]
Introduction Ethiopia has been gaining attention as an emerging investment destination in East Africa. With its rich cultural heritage, vast resources, and a rapidly growing economy, the country presents unique opportunities for investors. As of December 2024, several trends are reshaping the Ethiopian investment landscape. Key Trends in Ethiopian Investment […]
Addis Ababa, December 3, 2024 (FBC) – The Ethiopian Investment Commission (FBC) promoted 10 of the 13 industrial parks managed by Industrial Parks Development Corporation (IPDC) into Special Economic Zones, the Corporation disclosed today. In a letter communicated to IPDC, the Commission indicated that IPDC has been accorded the status […]
Addis Ababa, December 1, 2024 (FBC) – The Dire Dawa Free Trade Zone of Ethiopia has officially entered into a cooperation agreement with Azerbaijan’s Alat Free Trade Zone. This collaboration was established during a recent visit by a delegation of senior Ethiopian government officials to the Alat Free Economic Zone […]
Addis Ababa, November 25, 2024 (FBC) – Eskindir Yirga, Ethiopia’s Ambassador met with Mr. Urs Unkauf, Federal Managing Director at the Federal Association for Economic Development and Foreign Trade (BWA) of Germany. The discussions between the two sides focused on strengthening collaboration between the Embassy and BWA in promoting the […]