Addis Ababa, August 1, 2024 (FBC) – Fisseha Yitagessu (PhD), CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), announced ongoing efforts to enhance the involvement of Chinese investors in Ethiopia’s industrial parks. Speaking at the annual Ethiopia-China Business Forum in Addis Ababa, he noted a noticeable increase in Chinese […]
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Addis Ababa, August 1, 2024 (FBC) – A 64-member Chinese delegation, including investors and mayors, took part in a Business-to-Government Forum at the Skylight Hotel in Addis Ababa which kicked off Wednesday the 31st of July 2024.. The forum involved over 40 Ethiopian government officials, according to the Ministry of Foreign […]
Addis Ababa, July 30, 2024 (FBC) – Ethiopia’s Minister of Finance, Mr. Ahmed Shide, stated that the partnership between Ethiopia and the World Bank is instrumental in his country’s collective pursuit of sustainable development. The Minister made this remark after the signing a 1.5 billion USD worth of support with […]
Addis Ababa, July 29, 2024 (FBC) – Fisseha Yitagesu, CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), expressed optimism regarding the pursuit of excellence in Eco Industrial Park at Kombolcha Industrial Park. During his visit, the CEO reviewed ongoing operations and toured various manufacturing facilities within the park, engaging […]
Officials of the Ethiopian Customs Commission have drastically tightened the rules for duty-free import privileges. According to Commissioner Debele Kabeta, only army and national intelligence chiefs, along with the Minister of Finance, would retain granting these benefits. Effective July 22, 2024, the Commissioner ordered his subordinates to halt processing duty-free […]
Addis Ababa, July 26, 2024 (FBC) – During a meeting with the Russian-African Economic Cooperation Committee, Fisseha Yitagesu, CEO of the Industrial Parks Development Corporation (IPDC), expressed the corporation’s desire to attract more Russian investments into industrial parks, aligning with the long-standing relationship between Ethiopia and Russia. Fisseha highlighted the […]
Ethiopia’s financial industry is undergoing substantial transformation under the stewardship of Governor Mamo Mihretu, the 10th governor of the National Bank of Ethiopia (NBE). The series of reforms introduced over the past year signify a shift to address longstanding macroeconomic imbalances and position the country’s banking sector on par with […]
Addis Ababa, July 24, 2024 (FBC) – Ambassador Bzunesh Meseret, Deputy Head of Mission at the Ethiopian Embassy in New Delhi, took part in India-Africa Business Conclave 2024 (2nd Edition) which was held in Ahmedabad City, Gujarat State, India, a few days ago. Ambassador Bzunesh on the occasion delivered a […]
Addis Ababa, July 20, 2024 (FBC) – The Ethiopian Industrial Parks Development Corporation (IPDC) disclosed that it attracted more than 500 million USD in capital investments during the 2023/24 Ethiopian fiscal year. Similarly, the corporation revealed that more than 237 million USD worth of import substitute products were supplied to […]
Addis Ababa, July 10, 2024 (FBC) – Ambassador Tefera Derbew and Deputy Head of Mission Ambassador Dewano Kedir had a productive meeting with Mr. Guo Huaigang, Chairperson of the China Council for the Promotion of International Trade (CCPIT), in Beijing. In June this year, a delegation of 30 companies led […]
Trending Investment Sector in Ethiopia Ethiopia is currently witnessing a surge in investment across various sectors. Here are the key areas experiencing significant investment activity: 1. Manufacturing and Export 2. Agriculture and Food & Beverages 3. Mining and Renewable Energy 4. Financial Liberalization and Stock Market Development 5. Government Support […]
Despite the digital economy’s promise of free services, it has also perfected the art of extracting money from us through obscure pricing and manipulative designs known as “dark patterns.” These tactics make companies profit easily, while leaving consumers in the dark. The digital revolution has yet to deliver the household […]