Nexara

The agricultural institutions of Ethiopia and China have been seeking collaboration in the spheres of crop and animal production. Ethiopian Ambassador to China, Tefera Derbew held talks with leaders from the Ethiopian Institute of Agricultural Research (EIAR) and the Beijing Academy of Agriculture and Forestry Sciences at the Embassy today. The discussions emphasized the importance …

Ethiopian, China Agricultural Institutions Seeking Collaboration in Crop & Animal Production Read More »

The Ministry of Revenue of Ethiopia (MoR) revealed that some 380 billion Birr has been collected over the last five months of the current fiscal year. Explaining Ethiopia’s steadily growing revenue performance trend during the reform period, Revenue Minister Aynalem Nigussie stated that maximizing domestic income has been a major priority to facilitate development plans. …

Ministry of revenues says 380 billion racked up over past five months Read More »

The partnership between GIZ Ethiopia, the Ethiopian Government, and the private sector is bearing fruit in various areas, according to GIZ Ethiopia Program Head Anna Waldamann. The program head told ENA that the partnerships of GIZ with Ethiopian Government institutions and the private sector are cooperative, constructive, and successful. She said GIZ is working on …

GIZ, Private Sector and Gov’t Partnership Successful: Country Program Head Waldamann Read More »

Lemi National Cement Factory has made a strong entrance into Ethiopia’s cement market, supplying over 310,000 tons since it began operations on October 31, 2024. Currently operating at partial capacity, the factory produces up to 10,000 tons of cement daily. Once it reaches full operational status, its production capacity is expected to rise to 15,000 …

Lemi National Cement Supplies Over 310,000 Tons of Cement Since Launch Read More »

Africa – rich in critical minerals – will accelerate intra-continental trade and harness its natural resources for sustainable development by rolling out effective trade policies, to benefit from the global rush for green energy transition, experts underlined. With approximately 30 percent of the world’s mineral reserves, including cobalt, lithium, and nickel, which are considered essential …

Africa’s Critical Mineral Resources, Boon for Intra-African Trade, Regional Integration Read More »

The World Bank has approved a USD 700 million credit through the International Development Association (IDA) to support Ethiopia’s Financial Sector Strengthening Project (FSSP). This initiative aims to bolster the stability and resilience of Ethiopia’s financial institutions. Ethiopia’s financial sector currently faces significant challenges, including outdated regulatory frameworks and underperforming public institutions. The FSSP will …

World Bank Approves USD 700 Million Credit to Strengthen Ethiopia’s Financial Sector Read More »

The Chinese car manufacturer BYD made its official debut in the Ethiopian market via a brand launch event in Addis Ababa, in collaboration with local distributor MOENCO. MOENCO is a subsidiary of Inchcape PLC, a London-based company specializing in global distribution and retail services for premium and luxury automotive sectors. During the event, BYD introduced …

Chinese car manufacturer enters Ethiopian market  Read More »

 The Industrial Parks Development Corporation (IPDC) has announced its dedication to increasing the engagement of investors from Fujian province in Ethiopia. During a meeting with senior officials from Fujian, CEO Fissheha Yitagesu (PhD) emphasized that the IPDC will offer support and undertake monitoring and follow up to ensure greater participation of investors from Fujian in …

IPDC Commits to Enhancing Involvement of Fujian Investors in Ethiopia Read More »

Japanese car giants, Honda and Nissan, have announced plans to merge that would make them the third largest car maker by sales, behind Toyota Motor Corp and Volkswagen AG. The two companies said they had signed a memorandum of understanding, which would also include the smaller Nissan Alliance member, Mitsubishi Motors, in the talks on integration. …

Japanese car giants Honda and Nissan announce plans to merge Read More »

The Industrial Parks Development Corporation of Ethiopia (IPDC) announced that investors with over Birr 2.6 billion in capital are set to begin coffee and tea production in the Jimma Special Economic Zone (SEZ). The announcement followed discussions between IPDC CEO Fesseha Yitagesu and Jimma Zone Administrator Tijani Nasser during a visit to Jimma town. The …

Investors to Launch Coffee and Tea Production in Jimma Special Economic Zone Read More »