Addis Ababa, December 12, 2022 – More Finnish businesses are interested to explore lucrative investment opportunities in Ethiopia, according to Under-Secretary of State for Development Policy at the Ministry for Foreign Affairs of Finland, Pasi Hellman. The FDRE Minister of State for Finance, Semerita Sewasew, held discussion with Finnish delegation, […]
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Addis Ababa, December 12, 2022 (FBC) – Digitalization will turbocharge the African Continental Free Trade Area (AfCFTA), stated the UN Economic Commission for Africa (ECA). The Economic Commission for Africa (ECA) has launched two key publications making a case for Africa’s participation in global value chains and leveraging digitalization and […]
Addis Ababa, December 12, 2022 (FBC) – The Ethiopian Ministry of Trade and Regional Integration (MoTRI) announced that the Chinese government has allowed some 1,644 Ethiopian products to enter the Chinese market duty-free. The Ministry stated that 1,644 products out of 6,422 Ethiopian products traded in general can be sent […]
Addis Ababa, December 10, 2022 (FBC) – The capital markets being introduced to Ethiopia are very important to the economy as they would raise capital from external and domestic sources of finance, Senior Policy Advisory Costantinos Berhutesfa said. It is to be recalled that the government had established an institution […]
Addis Ababa, December 8, 2022 (FBC) – Ethiopian Investment Commission (EIC) and the European Union Business Forum affirmed the need for continuous dialogue for a strong partnership between EIC and EU Businesses in Ethiopia. EIC together with the EU Business forum held discussion on partnership opportunities and Foreign Direct Investment […]
Addis Ababa, December 5, 2022 (FBC) – Ethiopian Electric Power (EEP) stated that Aysha Wind Farm II has generated over 17.7 GWh electric power during the last two months. Aysha Wind Farm II was connected to the national grid after 16 of its windmills had begun generating power at the […]
Addis Ababa, December 3, 2022 (FBC) – The African Development Bank (AfDB) recognized Ethiopia as one of 10 best achieving countries in Africa in industrial development. The Bank unveiled a numeric report showing industrial development performance of African countries from 2019 to 2021 compared with their achievements in 2010. AfDB […]
Addis Ababa, November 30, 2022 (FBC) – Ethiopian Soya beans and Mung bean products have been introduced to Chinese business companies via Online Promotion Program on Wednesday. Speaking on the promotion event, Ambassador Teshome Toga pointed out that, Soya bean and Mung beans have been one of dependable source of […]
Addis Ababa, November 23, 2022 (FBC) – The African Development Bank (AfDB) has signed a $9.73 million grant agreement with the African Union Commission (AUC) to implement Phase 1 of the Upstream Project for Digital Market Development in Africa, the Group confirmed through a press release. The signing ceremony took […]
Addis Ababa, November 22, 2022 (FBC) – Moroccan investors are keen to be engaged in agriculture and manufacturing sectors investment in Ethiopia, according to the Moroccan Ambassador to Ethiopia, Nezha Alaoui M’hammdi. The Ethiopian Investment Commission Commissioner, Lelise_Neme met with the Moroccan Ambassador to Ethiopia, Nezha Alaoui M’hammdi. Both sides […]
Addis Ababa, November 17, 2022 (FBC) – Ethiopia has officially started exporting electricity to Kenya as of today, November 17, 2022. The Ethio-Kenya 500 kilovolt power transmission line and converter substation has officially started selling electricity to Kenya. It is stated that the Ethio-Kenya 500 kilovolt transmission line, which officially […]
Addis Ababa, November 16, 2022 (FBC) – The Ethiopian Ministry of Industry announced that efforts are being made to collect 562 million USD from the manufacturing sector. According to the Minister of Industry, Melaku Alebel, the Ministry will focus on collecting better foreign exchange in the sector by filling the […]