Nexara

Ethiopia’s Deputy Prime Minister Temesgen Tiruneh welcomed GAO Yunlong, Vice-Chairman of the CPPCC National Committee and Chairman of the All-China Federation of Industry and Commerce (ACFIC) and his delegation. The two sides discussed on deepening investment, economic development, and trade cooperation between Ethiopia and China. On the occasion, Yunlong commended Ethiopia’s ongoing development activities, especially …

Chinese Official Says, Ethiopia is Attractive Destination to Chinese Investors   Read More »

Global aerospace leader Boeing has officially launched its new Africa office in Addis Ababa, Ethiopia, marking a step in its long-term strategy to support the continent’s aviation growth and economic transformation. The company projects that Africa will require over 1,200 new aircraft in the next 20 years to meet growing demand for connectivity and development. …

Ethiopia: Boeing Opens Africa Office in Addis Ababa Read More »

 Ethiopia’s small and medium-sized manufacturing enterprises have significantly outperformed expectations, saving the country over $1.6 billion in import costs during the first nine months of the 2024/25 fiscal year, according to the Ethiopian Enterprise Development (EED). EED CEO Kelali Wolde-Gabriel, presenting the institution’s nine-month performance report, noted that the original target was to save $881.7 …

Local manufacturers slash import bill by $1.6 Billion in nine months Read More »

The first session of the Saudi-Ethiopian Business Council convened in Riyadh, marking a step towards enhanced economic cooperation between the Kingdom and Ethiopia, the Ethiopian Embassy in Riyadh announced. Co-chaired by Hasen Abdullahi, Chairman of the Ethiopian Chamber of Commerce and Sectoral Associations, and Abdullah Al-Ajmi, Chairman of the Federation of Saudi Chambers, the meeting …

Saudi-Ethiopia Business Council Inaugurated in Riyadh Read More »

The Oromia Regional State has generated over Birr 84 million in tourism revenue over the past eight months, from a surge in visitors to the Bale Mountains National Park (BMNP), now a UNESCO World Heritage Site. More than 34,000 tourists – over 31,000 domestic and 3,400 foreign – visited the area, contributing Birr 71 million …

Ethiopia: Bale Mountains See Tourism Boom Read More »

Metered taxi service provider Yango has launched a new initiative to provide its drivers with full premium insurance coverage. In a tripartite agreement signed today with Nib Bank and Nib Insurance, Yango will now enable drivers – who currently hold only the legally required third-party insurance – to upgrade to comprehensive premium insurance. “This agreement …

Ethiopia: Yango Partners with Nib Bank and Insurance to Offer Drivers Full Premium Coverage Read More »

The Ethio-Saudi Arabia Trade and Investment Forum commenced in Riyadh, Saudi Arabia today. High ranking government officials and members of the business community of the two countries are taking part at the forum. Source: ENA

The Ethiopia Tamrit (MadeInEthiopia) movement has enabled the country to increase the quality and competitiveness of products, Minister of Industry Melaku Alebel told ENA. The movement was launched by Prime Minister Abiy Ahmed in 2022, with the aim of realizing a competitive manufacturing industry by solving the bottlenecks in the sector. The movement is playing …

‘MadeInEthiopia’ Movement Boosts Quality, Competitiveness of Products Read More »

Speaking to ENA, Ethiopian Investment Commission Commissioner Zeleke Temesgen highlighted that Ethiopia has been undergoing a substantial reform process over the past seven years, achieving commendable results. The Commissioner stated that during these reform years, sectors previously closed to foreign investors have been opened. He further noted that the economic reform has brought about improvements …

Opening Up of Previously Closed Sectors Attracting Large Number of Investment to Ethiopia  Read More »

Ambassador Feseha Shawel has Invited foreign investors to Engage in Ethiopia’s Healthcare and Medical Tourism Sector. On the Asian Business and Social Forum, Ambassador Feseha Shawel highlighted Ethiopia’s position as the third- international diplomatic hub and a gateway to Africa, noting the country’s efforts to open up all its sectors to foreign investors, according to …

Foreign Investors Invited to Engage in Ethiopia’s Healthcare, Medical Tourism Sector Read More »