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The Ministry of Planning and Development (MoPD) has announced that Ethiopia’s economy is on track to achieve the projected 7.9 percent growth rate for the 2023/24 fiscal year. Minister Fitsum Aseffa stated that the performance in the agriculture, industry, and service sectors over the past nine months indicates that the target is attainable by the …

Ethiopia’s Economy On Track To Meet 7.9% Growth Target: MoPD Minister Read More »

The city administration’s Public Service and Human Resource Development Bureau announced plans to outsource 46 government services to third-party providers. This initiative aims to improve service delivery and allow government institutions to focus on broader societal issues. Bekele Temesgen, head of the bureau’s service delivery and outsourcing sector, explained that outsourcing will reduce the burden …

Ethiopia: Addis Ababa to Outsource Government Services Read More »

The China National Textile & Apparel Council (CNTAC), a prominent organization in the textile and apparel industry, has expressed keen interest in exploring investment opportunities within Ethiopia’s textile and apparel sectors. With its extensive experience and expertise, CNTAC aims to leverage potential collaborations to tap into the growing market of Ethiopia’s textile and apparel industry. …

China’s NTAC Interested In Investing In Ethiopia’s Textile, Apparel Sectors Read More »

Addis Ababa City Sanitation Management Agency reported progress in waste recycling during the first nine months of the 2023/24 fiscal year. Out of the 587,000 tons of solid waste generated in the capital, 67,510 tons were recycled, representing an increase from previous years. Ato Mulat Tegegn, Deputy Director General of the Agency, emphasized the importance …

Addis Ababa Sees Rise in Waste Recycling During 2023/24 Fiscal Year Read More »

The Ethio-China Fair, dubbed “CHINA – ETHIOPIA AGRICULTURE and MINING INDUSTRY COOPERATION FAIR,” was held at Skylight Hotel, Addis Ababa, Ethiopia, today (May 16). Organized by the Ethiopian Investment Commission, Changsha Municipal Bureau of Commerce, and the Ethiopian Youth Entrepreneurs Association, the fair aimed to unite Ethiopian and Chinese business communities. At the opening ceremony, …

Ethiopia–China Agriculture & Mining Industry Cooperation Fair Held In Addis Ababa Read More »

The Minister of Trade and Regional Integration of Ethiopia, Mr. Gebremeskel Chala, engaged in discussions with the Ambassador of Türkiye to Ethiopia, Berk Baran, to enhance trade relations between the two nations. During the meeting, Mr. Gebremeskel emphasized the importance of Türkiye sharing its expertise in trade, economy, technology, and capacity building with Ethiopia. He …

Demand For Ethiopian Coffee, Leather Products Growing In Turkish Market – Envoy Read More »

The Ethiopian Embassy in Istanbul has announced the upcoming Ethiopia-Türkiye Trade and Investment Forum set to be held on May 27, 2024. The event will take place at Müsiad’s headquarters located in Istanbul, Türkiye’s capital city. This high-level business forum aims to showcase investment prospects and market opportunities within Ethiopia, underscoring the nation’s commitment to …

Ethiopia-Türkiye Trade & Investment Forum To Be Held In Istanbul Next Week Read More »

The Ministry of Revenues announced surpassing its collection target for the first ten months of the fiscal year. As of today, the Ministry has amassed over Birr 425 billion in taxes, exceeding the targeted amount by Birr 4.91 billion and representing an increase compared to the same period last year. The Ministry’s full-year target is …

Ministry of Revenues Collects Over Birr 425 Billion in Taxes Read More »

Awash Bank is named the best bank in Ethiopia by Global Finance magazine for 2024, further solidifying its position among the top financial institutions on the African continent. This recognition places Awash Bank within the elite group of the 36 leading banks across Africa. The award comes from Global Finance, a respected publication known for …

Awash Bank Earns Top Honors as Ethiopia’s Best Bank for the Third Year Running Read More »

The House of Representatives reviewed a bill proposing changes to the export tax incentive system. The amendment aims to boost industrial growth and foreign currency acquisition by empowering the executive branch with time limit adjustments and reducing penalties for unused imported raw materials. While acknowledging the reform’s potential benefits, council members raised concerns about the …

House Reviews Export Incentive Reform Bill Read More »