Addis Ababa, August 30, 2024 (FBC) – The Ethiopian government encouraged Chinese investors to explore opportunities within the country’s industrial parks and its first free trade zone. The invitation was made by Fisseha Yitagesu, chief executive officer of the Ethiopian Industrial Parks Development Corporation (IPDC), and other senior Ethiopian officials […]
News
349 posts
Addis Ababa, August 29, 2024 (FBC) – Ethiopia’s Coffee and Tea Authority (ECTA) has announced a record-breaking 1.43 billion USD annual revenue from the export of coffee products in the 2023/24 fiscal year. This marks the first time in history that Ethiopia has achieved such high revenue from coffee exports. […]
Officials are working on a strategy that would see batteries for electric vehicles (EVs) manufactured locally as the administration of Prime Minister Abiy Ahmed (PhD) doubles down on its policy to transition from combustion engines amid rising fuel import costs and climate concerns. A member of the technical committee charged […]
Officials at the ministries of Industry and Finance, as well as central bank regulators, are mulling over ‘transitional period interventions’ in a bid to ease the burdens weighing on manufacturing industries following the liberalization of the forex market. The intervention proposal expected to be tabled to the national steering committee […]
Addis Ababa, August 21, 2024 (FBC) – An International Tourism, Culture, and Trade Show aims to promote Ethiopian agricultural products will be held in Abu Dhabi from November 1 to 3, 2024, organizers announced yesterday. Gold Land Trading will organize the Tourism, Culture, and Trade Show, in partnership with the […]
Addis Ababa, August 20, 2024 (FBC) – Ethiopia’s Ministry of Trade and Regional Integration (MoTRI) announced that it is set to inaugurate a Permanent Export Trade Exhibition Center inside its premises in the coming Sunday. Briefing the media today, Trade and Regional Integration Minister Kassahun Gofe disclosed that the ministry […]
Here are AFRICA’s top investment destinations in 2024, according to new report. (See top 20 destinations below). Seychelles and Mauritius topped a ranking of African investment destinations, as the attractiveness of South Africa deteriorated because of the nation’s weak economic indicators, according to #RandMerchantBank. The two Indian Ocean island nations […]
Addis Ababa, August 20, 2024 (FBC) – Ethiopia’s Ministry of Trade and Regional Integration (MoTRI) announced that it is set to inaugurate a Permanent Export Trade Exhibition Center inside its premises in the coming Sunday. Briefing the media today, Trade and Regional Integration Minister Kassahun Gofe disclosed that the ministry […]
Addis Ababa, August 17, 2024 (FBC) – Ethiopia’s macroeconomic reform policy is a very positive move in strengthening the whole economic environment and building the confidence of investors, according to the United Nations Conference on Trade and Development (UNCTAD). UNCTAD Regional Office for Africa Chief Diane Sayinzoga hailed Ethiopia for […]
Addis Ababa, August 16, 2024 (FBC) – The full implementation of macroeconomic reform policy in Ethiopia is a big change to further place the country as a more favorable destination for foreign direct investment (FDI), Ethiopian Investment Commissioner Ms. Hanna Arayaselassie remarked. The government of Ethiopia announced recently that it […]
Addis Ababa, August 16, 2024 (FBC) – Ethiopia has been offering extensive fiscal and non-fiscal incentives for investments in renewable energy as it has identified the energy sector among the key priorities for investment, Chief Commissioner of Ethiopian Investment Commission Ms. Hanna Arayaselassie said. The commission has held a half-day […]
Addis Ababa, August 15, 2024 (FBC) – Safaricom Telecommunications Ethiopia CEO Vanhelleputte has appreciated government institutions for their support in registering the achievements which would have never been possible without their collaboration. Safaricom Ethiopia CEO Wim Vanhelleputte told ENA that “the company’s commercial services would have never been possible without […]