Nexara

 Ethiopia and Gambia have agreed to revitalize their existing air transport service cooperation. It is stated that the agreement was signed between the Director General of the Ethiopian Civil Aviation Authority, Getachew Mengiste, and the Gambian counterpart. The agreement enables Ethiopian Airlines to fly to Gambia and from Gambia to other African countries without restrictions …

Ethiopia, Gambia ink a deal to improve the existing air transport service agreement Read More »

Wang Shaodan, Chairman of the China-Africa Development Fund (CADF), outlined the goals behind the fund’s establishment, emphasizing the Chinese government’s commitment to investing 70 billion RMB in Africa over the next three years. He noted plans to double current investments to support sustainable development across the continent. This was revealed during his meeting today with …

Chinese Gov’t Committed to Investing 70 Billion RMB in Africa Over Coming 3 Years Read More »

Ethiopia and Germany have signed a 30-million grant agreement to support significant initiatives including the Fund for Increasing Productivity through Innovation in Agriculture II and the Promotion of Ethiopian Private Sector II (SME Credit Line). The Agreements were signed by State Minister of Finance, Semereta Sewasew; Chief Financial Officer at KfW, Bernd Loewen; and Director …

Ethiopia Signs 30 Million Euros Grant Agreements with Germany Read More »

The China-Africa Development Fund (CADF) desires to partner with the Ethiopian Investment Commission (EIC) to facilitate further investments in Ethiopia. This story was disclosed by EIC after the meeting between Mr. Dagato Kumbe, Deputy Commissioner of the Investment Operations Division at EIC, and Mr. Wang Shaodan, Chairman of the China-Africa Development Fund (CADF), at the …

CADF expresses desire to work closely with EIC in facilitating further investments in Ethiopia Read More »

Mesfin Tasew, the Chief Executive Officer of Ethiopian Airlines, and Mulatu Teshome, the Former President of Ethiopia, joined other dignitaries to inaugurate the Millennium Duty-Free shop at the Skylight Hotel in Addis Ababa. During the ceremony, Tasew emphasized the significance of the new duty-free shop in enhancing customer service for airline travelers. He expressed excitement …

Ethiopian Airlines CEO, Former President attend inauguration of new duty-free shop at Skylight Hotel Read More »

Some 108 foreign and domestic investors have received investment licenses in the first quarter of the current Ethiopian fiscal year, according to Ethiopian Investment Commission (EIC) This was revealed during EIC’s review of its first quarter of 2017 FY work performance report in the presence of top management and its employees this morning. Accordingly, the …

EIC issues 108 new investment licenses to foreign, domestic investors in 3 months Read More »

Gelila Manufacturing PLC has officially launched the production of export-quality shoes and soles at Bole Lemi Industrial Park with an investment of Birr two billion. The inauguration ceremony attracted officials, industry leaders, and guests. Gelila’s operations are expected to support foreign exchange generation, create job opportunities, and add value to the leather sector. Alemayehu Seifu, …

Ethiopia: Gelila Manufacturing Launches Export-Standard Shoe Production at Bole Lemi Industrial Park Read More »

Ethiopia earned more than USD 1.5 billion from exports in the first three months of the current fiscal year, according to the Ministry of Trade and Regional Integration. Kassahun Gofe, Minister of Trade and Regional Integration, shared insights from a review of the export performance conducted with industry exporters. Kassahun highlighted that this achievement marked …

Ethiopia Earns USD 1.5 Billion from Exports Read More »

The Addis Ababa City Administration has announced the auction of 14.3 hectares of land, marking a significant opportunity for potential investors and developers. The auction, organized by the Land Development Management Bureau (LDMB), opened on October 18 and will run until October 31, 2024. Chali Abraham, the Director of LDMB’s Developed Land Transfer and Lease …

Ethiopia: Addis Ababa City Administration Opens Land Auction for 14.3 Hectares Read More »

Addis Ababa will host the Animal Husbandry Value Chain Exhibition and Conference from October 31 to November 2 at Millennium Hall, gathering over 100 exhibitors from 14 countries alongside more than 5,000 industry professionals. Organized by Prana Events, the expo, themed “Livestock: Now and the Future; Current Opportunities, Challenges, and the Way Forward,” aims to …

Ethiopia to Host Global Animal Husbandry Expo Read More »