Nexara

Pakistan pledges to facilitate its vast market opportunities for Ethiopian products

The government of Pakistan has vowed to facilitate its vast market opportunities to Ethiopian products with a bid to further strengthen economic cooperation between the two countries. Advancing bilateral ties through trade was the focus of discussion during a meeting between Ethiopia’s Minister of Trade and Regional Integration, Kassahun Gofe, and a Pakistani delegation led …

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Japanese investors explore potential opportunities in Ethiopia’s tourism sector

The Ethiopian Ministry of Tourism hosted a symposium to inform Japanese business leaders and investors about the abundant investment opportunities in Ethiopia’s tourism industry. During the event, Dr. Endegena Abebe, State Minister of Tourism, reaffirmed the Ethiopian Government’s dedication to advancing the tourism sector and fostering investment initiatives. Tewodros Deribew, Coordinator of the Ministry’s Delivery …

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Japanese Companies Showing Growing Interest to Explore Business Opportunities in Ethiopia

Japanese companies are showing growing interest to explore business opportunities in Ethiopia and the recent Ethio-Japan Trade and Investment Symposium was useful in that regard, Ambassador Shibata Hironori said. The Japanese Ambassador said that the two countries have a very long relationship on a wide range of issues, including economic development, and political and cultural …

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Ethiopian Cargo expands global operations with acquisition of new Boeing 777 Freighter Aircraft

Ethiopian Cargo received a new Boeing 777 Freighter Aircraft on Thursday to expand its capacity and enhance its global operations. The airline stated, ” This milestone strengthens our ability to serve global markets with increased efficiency and reliability, ensuring we meet the growing demand for air freight services worldwide.” “The new freighter will play a …

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Ethiopia earns $1.5 billion from gold exports in six months

The Ministry of Trade and Regional Integration has reported that Ethiopia earned $1.5 billion from gold exports in the first half of the current fiscal year. In a recent social media update, Trade and Regional Integration Minister Kassahun Gofe highlighted Ethiopia’s rich diversity in topography and climate, which provides significant opportunities for various products in …

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Orange MEA commends Ethiopia’s digital innovation potential

Orange Middle East and Africa (MEA) Business Group has expressed admiration for Telebirr and its comprehensive approach to enhancing the digital ecosystem, commending its potential to become a beacon of digital innovation across Africa. A high-level delegation led by Brelotte Ba, Deputy CEO of Orange MEA, visited Ethio Telecom to gain insights into the development …

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Ethiopia Sees Growth in Agricultural Mechanization

The Ministry of Agriculture has announced that Ethiopia’s tractor plowing rate has risen from 5.7% in 2020 to 25%, marking a development in agricultural mechanization. Eshetu Hunde, Executive Director of the Agricultural Mechanization Division, attributed the progress to government reforms and increased access to agricultural technologies. He emphasized the importance of expanding mechanization through investors …

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Ethiopia-Japan trade and investment symposium opens in Addis Ababa

The Ethiopia-Japan Trade and Investment Symposium opened today in Addis Ababa with the participation of various stakeholders, the Ethiopian foreign ministry disclosed. On the occasion, State Minister of Foreign Affairs Ambassador Mesganu Arga stated that the bilateral relation between Ethiopia and Japan is strong and historic, stressing the need to further enhance business and trade …

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Japan Dev’t Institute touts Ethiopia as conducive to develop Special Economic Zones

The CEO of the Industrial Parks Development Corporation of Ethiopia (IPDC), Fisseha Yitagesu (PhD) stated that his corporation is looking to tap into the vast experience of the Japan Development Institute (JDI) in developing special economic zones in his country. The IPDC chief disclosed the intent to work closely with JDI during his meeting today …

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Trafigura keen on enhancing its engagement in Ethiopian economy

Commissioner Zeleke Temesgen (PhD), Commissioner of the Ethiopian Investment Commission (EIC), held a meeting today with representatives of Trafigura, the world’s second-largest private oil and metal trading Group. During the meeting, Commissioner Zeleke highlighted the significant investment opportunities available in Ethiopia that align with Trafigura’s portfolio. He emphasized the favorable investment climate in the country, …

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