Ethiopia attracted USD 3 billion in Foreign Direct Investment (FDI) during the first 10 months of the current fiscal year. This figure is expected to put the Ethiopian Investment Commission on track to meet its annual target of USD 3.5 billion. Although contributions come from diverse sources, China remains the leading investor, responsible for nearly …
Safaricom Ethiopia is taking a big step towards local sourcing by incorporating telecom towers manufactured in Ethiopia into its network expansion plans. The company has partnered with Woda Metals, the nation’s first producer of telecom towers. On Friday, Safaricom received the first batch of 13 towers from a total order 68. “This is a historic …
Safaricom Ethiopia Boosts Network with Locally Made Towers Read More »
Pakistani investors expressed a strong desire to engage in various investment sectors by taking advantage of existing opportunities in Ethiopia. Pakistan’s high level investment delegation is in Addis Ababa for a business visit to explore investment opportunities in Ethiopia. The delegation members that ENA spoke with said they are looking into investment prospects in Ethiopia …
Pakistani Investors Desirous to Engage in Ethiopia’s Investment Opportunities Read More »
The Ethiopia-Turkiye Business and Investment Forum was held on May 27 at MÜSİAD Headquarters in Istanbul with the presence of TR Deputy Minister of Commerce Mustafa Tuzcu and State Minister of Foreign Affairs of Ethiopia Ambassador Misganu Arega. At the forum, a business recruitment delegation of 63 people was hosted and B2B meetings were held …
The visiting business delegation of Pakistan to Ethiopia has toured the Bole Lemi Industrial Park in the capital, Addis Ababa. Ethiopian Ambassador to Pakistan, Jemal Beker accompanied the business delegation. CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), Aklilu Tadesse, received the delegation and briefed them on the activities the government has been undertaking …
Pakistani Business Delegation To Ethiopia Visits Bole Lemi Industrial Park Read More »
Addis Ababa Public Recreational Areas Corporation (AAPRAC) is seeing green – not just in the parks it manages, but also in its revenue figures. AAPRAC oversees ten parks across the city, and both park popularity and revenue are on an upward swing. This year, it aimed to earn Birr 70.9 million from one million visitors. …
Addis Ababa’s Parks Generate Birr 53 Million in Revenue Read More »
An agreement was signed yesterday between the Industrial Parks Development Corporation (IPDC) and the National Investment Group (NIG), marking a significant step forward for Ethiopia’s aviation industry. The USD 110 million deal paves the way for the manufacturing of aircraft components at Kilinto Industrial Park. IPDC CEO Akililu Tadesse hailed the agreement as a turning …
Kilinto Industrial Park to Manufacture Aircraft Component Read More »
China remains Ethiopia’s top foreign investor, surpassing USD 5 billion in investments last year. Dr. Yang Yihang, a senior Chinese diplomat, revealed nearly 2,000 Chinese projects are underway, creating 65,000 jobs. Over 500 Chinese firms operate in Ethiopia, introducing 223 new products in 2023 alone. As agreed by their leaders, the upgraded “all-weather cooperation” between …
China’s Investment in Ethiopia Surpasses USD Five Billion Read More »
Ethiopia’s Livestock Development Institute (LDI) is witnessing a positive trend in livestock exports, generating approximately USD 74 million in revenue over the past 10 months. This figure, though 65% of the initial target, reflects progress towards the institute’s goal of USD 140 million by year’s end. The success is attributed to LDI’s focus on research, …
Ethiopia’s Livestock Exports Reach USD 74 Million Read More »
The Ethiopia-Türkiye trade and investment forum has started in Istanbul today, bringing together Ethiopian and Turkish entrepreneurs, traders, and government officials. The event aims to showcase investment prospects and market opportunities within Ethiopia, underscoring the nation’s commitment to fostering economic growth and international partnerships. With a focus on enhancing bilateral trade relations between Ethiopia and …
Ethiopia-Türkiye Trade And Investment Forum Kicks Off In Istanbul Read More »