Nexara

ETTE, COSKAL Ethiopia, and Sanulac International Forge Exclusive Agreement to Distribute Alula Gold Infant Formula in Ethiopia

The Ethiopian Tourist Trading Enterprise (ETTE), COSKAL Ethiopia, and Sanulac International have entered into a significant partnership in the Ethiopian infant formula market. This collaboration aims to bring Alula Gold Infant Formula to families across Ethiopia while enhancing market stability, quality, and accessibility. The agreement signifies a unified effort to transform the market for infant …

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EIC assures potential investors to facilitate their “journey” in Ethiopia

 As Ethiopia’s agricultural sector continues to grow, the Ethiopian Investment Commission (EIC) confirmed that it is actively prepared to support global investors seeking to capitalize on the nation’s vast and diverse agricultural potential. It is known that agriculture is currently a critical pillar of Ethiopia’s economy, employing approximately 70% of the population and contributing nearly …

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JETRO vows to promote investment opportunities in Ethiopia for Japanese companies

The Japan External Trade Organization (JETRO) has pledged to actively support the promotion of investment opportunities in Ethiopia, aiming to encourage Japanese companies and investors to explore the country’s growing sectors. This commitment was made public after a meeting between Mr. Fisseha Yitagesu, CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), and Mr. Kazuya …

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An Ethiopian investment promotion forum held in Brazil

An Ethiopian Investment Promotion Forum was held in Brasilia, the capital of Brazil, and the event was graced by the East African nation’s State Minister for Foreign Affairs, Ambassador Mesganu Arga. On the occasion, the state minister highlighted Ethiopia’s priority areas in agro-processing, manufacturing, mining, tourism and ICT. He emphasized the favorable investment environment as …

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Japan External Trade Organization Pledges to Promote investment opportunities in Ethiopia

The Japan External Trade Organization (JETRO) has pledged to actively support the promotion of investment opportunities and encourage Japanese companies to explore Ethiopia’s untapped potential in various sectors. CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), Fisseha Yitagesu and Executive Vice President of JETRO, Kazuya Nakajo held discussion in Tokyo, Japan on the conducive …

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Ethiopia, World Bank Sign 60 million USD Grant Agreement   

Ministry of Finance and World Bank signed a grant agreement amounting a 60 million USD to support the implementation of Innovative Systems to Promote Integrated, Resilient, and Enhanced Responses to Women and Girls’ Health (INSPIRER) project. INSPIRER aligns with Ethiopia’s Health Sector Development Investment Plan (HSDIP) prioritizing in strengthening health systems through climate resilience, digital …

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Envoy invites Indian business community to invest in Ethiopia

Ethiopia’s Ambassador to India, Fesseha Shawel, interacted with Indian business community in Mumbai. He had productive discussions with Director General of the Bombay Chamber of Commerce & Industry, Mr. Sandeep Khosla, Indian Merchants Chamber of Commerce and Industry’s Director General, Mr. Ajit Mangrulkar, Trans Asian Chamber of Commerce and Industry’s Founder, Dr. Sanjay Bhide, and …

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Toyo Solar commissions pilot production in Hawassa SEZ

The Japanese company Toyo Solar, which has invested $60 million in the Hawassa Special Economic Zone to produce various solar panels, has completed the installation of machinery and has begun pilot production. The CEO of the Industrial Parks Development Corporation of Ethiopia (IPDC), Fisseha Yitegesu (PhD), visited the general operations of the Japanese firm, which …

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Ethiopia Stresses Need to Put Development at Center of BRICS Engagement

BRICS Sherpas and Sous-Sherpas meeting concluded with a high-level session presided by Lula da Silva, President of Brazil. President Lula outlined Brazil’s priority areas in global health cooperation, inclusive artificial intelligence governance, a reformed global economic and financial architecture, effective climate finance architecture, enhanced global south cooperation, and robust institutional development. He pointed out BRICS …

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