Addis Ababa, March 17, 2022 (FBC) – A forum aimed to introduce opportunities in Ethiopia in Agro-processing to investors in the United Arab Emirates was held in Dubai on Wednesday. Deputy Head of Ethiopian Investment Commission, Temesgen Tilahun, expounded on the efforts of the government of Ethiopia in expanding investment […]
Opportunities
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The government of Ethiopia enacted legislation and implemented clear and workable policies to encourage and expand foreign investment in the Ethiopian economy. Taking this fact into consideration, Ethiopian Investment Commission (EIC) has been promoting foreign direct investment (FDI). In cognizant of the positive effects of FDI in the economic growth […]
Kenya and Ethiopia have started talks on Nairobi’s plans to buy electricity from the Grand Ethiopian Renaissance Dam (GERD) that began generating power on Sunday. This is according to Ethiopia’s ambassador to Kenya, Meles Alem. Meles wrote on his Facebook page that power exports to Kenya are part of Ethiopia’s […]
Addis Ababa, March 11, 2022 (FBC) – Ethiopian Electric Power and Safaricom Ethiopia have signed a 5 years lease agreement to share dark fiber-optic infrastructure in the country. Ashebir Balcha, CEO of Ethiopian Electric Power and Anwar Soussa, CEO of Safaricom Ethiopia have signed the agreement on behalf of their […]
Addis Ababa, March 9, 2022 (FBC) – Ethiopian Airlines signed a strategic partnership agreement to jointly commence “SAM” (Sea-Air-Modal) transportation with International Djibouti Industrial Park Operation (IDIPO) and Air Djibouti for an expeditious transportation of goods to Africa. Based on the agreement, the cargo will be transported from China to […]
The Memorandum of Understanding to order the 777-8 Freighter will enable Ethiopian Airlines to meet expanding global cargo demand from its hub in Addis Ababa and position the carrier for long-term sustainable growth. “Consistent with our history of aviation technology leadership in Africa, we are pleased to sign this MoU […]
Addis Ababa, March 4, 2022 (FBC) – An Indian delegation representing 47 pharmaceutical companies is in Ethiopia to assess investment opportunities in the country. Delegation head Deepti Pant told journalists today that the companies represent businesses in the health sector, ranging from medical devices, lab equipment, to manufacturing. Hospital and […]
Addis Ababa, March 2, 2022 (FBC) – High level Government officials briefed investors and company representatives from various corners of the world on flourishing opportunities in the investment, trade and tourism sectors in Ethiopia on the margins of Expo 2020 Dubai. The briefing made by Ethiopian officials was focused on […]
Foreign Direct Investment (FDI) flow in Ethiopia has increased by 23 percent over the last six months of the budget year, Prime Minister Abiy Ahmed said. Addressing queries from members of the House of Peoples’ Representatives today, the premier said despite several challenges, the nation attracted additional 1.63 billion USD in […]
Addis Ababa, February 19, 2022 (FBC) – A delegation led by the Executive Director of the Ethiopian Horticulture Producers and Exporters Associations made a three-day-long working visit to Djibouti from February 16-18, 2022. During the visit, the delegation conferred with Ethiopian Ambassador to Djibouti, Berhanu Tsegaye, Secretary-General of the Ministry […]
Addis Ababa, February 17, 2022 (FBC) – Ethiopia has earned 658.1 million USD from coffee, tea and spices export, exceeding the planned 461.81 million USD during the past seven months of the Ethiopian budget year. Ethiopian Coffee and Tea Authority said it planned to export 451.321.73 tons of coffee, tea […]
Addis Ababa, February 15, 2022 (FBC) – The Ministry of Trade stated that the efforts underway to substitute import products with locally produced items is bearing fruits. The Ministry said Ethiopia has now been producing military uniforms and shoes locally, and has managed to save foreign currency thereby reduce the […]