Nexara

An investment forum was held in Seoul, South Korea that Showcases Ethiopia’s investment potential and opportunities to South Korean investors. The forum, which brought together over 200 companies, was aimed at introducing Ethiopia’s investment opportunities to South Korean investors and creating awareness for pre-investment visits. In his opening remark Ethiopia’s Ambassador Plenipotentiary to South Korea, …

Forum Showcases Ethiopia’s Investment Potential in Seoul Read More »

In the ongoing EFY 2017 half-year performance review, Ethiopian Investment Holdings (EIH) engaged with the Federal Housing Corporation of Ethiopia along with the Somale Tera high-rise mixed-use building project field visit. Impressively, the Corporation achieved 117 percent of its 6-month target revenue (provisional.) It surpassed targets for housing allocation of 104 percent, maintenance of 99.3 …

Ethiopia’s Federal Housing Cooperation Achieves 117 Percent of   Its Six-month Target Revenue Read More »

The Food and Agriculture Organization of the United Nations (FAO), in partnership with the Government of Japan has launched a new initiative to strengthen climate-resilient agriculture and support conflict-affected rural communities in the northern regions of Ethiopia. The approximately 7.2 million USD will be implemented by FAO, in collaboration with the Ministry of Agriculture in …

Japan Extends Support to Strengthen Climate-resilient Agriculture, Conflict-affected Communities Read More »

An Ethio-Jiangsu (China) Economic and Trade Cooperation Conference opened at Adwa Victory Memorial Museum, yesterday. On the occasion, Ambassador Negus Kebede, the Director-General of Middle East, Asia, and Pacific Countries Affairs of the Ministry of Foreign Affairs, noted that several Chinese companies from Jiangsu Province are playing a pivotal role in Ethiopia’s economic transformation. Ambassador …

An Ethiopia-Jiangsu (China) economic, trade cooperation conference opens in Addis Ababa Read More »

A Chinese delegation from Jiangsu province met with the senior officials of Ethiopian Investment Commission (EIC) to enhance Ethiopia-China investment cooperation. On the occasion, Zeleke Temegen (PhD) highlighted China’s vital role in Ethiopia’s development, emphasizing the government’s commitment to a favorable investment climate. The Jiangsu delegation underscored their province’s economic prowess in #manufacturing and trade, …

Chinese companies encouraged to seize burgeoning investment opportunities in Ethiopia Read More »

The National Bank of Ethiopia (NBE) today announced that it has concluded Special Foreign Exchange Auction. In that regard, the central bank revealed the results of the Special Foreign Exchange Auction held today, February 25, 2024. The Special FX Auction saw the participation of 27 banks. The weighted average rate of all successful bids was …

NBE Concludes Special Foreign Exchange Auction Read More »

The Ethiopian Businesswomen Association held its inaugural general assembly, progressing in its mission to empower and support women entrepreneurs and business professionals across the country. The event was attended by prominent businesswomen, government officials, and industry leaders, including the State Minister of Trade and Regional Integration, Abdulhakim Mulu (PhD). During his address, the State Minister …

Ethiopian Businesswomen Association Holds Inaugural General Assembly Read More »

The Ethiopian Construction Works Corporation (ECWC) announced that it is currently managing 57 projects with a combined contract value of Birr 45.2 billion. The state-owned construction firm aims to generate Birr 1.9 billion in revenue this fiscal year. Mekonnen Bekele, Head of the Communication Affairs Department, stated that the corporation has received Birr 7.5 billion …

Ethiopian Construction Works Corporation Managing 57 Projects Worth Birr 45.2 billion Read More »

The Ethiopia-China Economic and Trade Forum commenced yesterday at the Skylight Hotel. The forum was jointly organized by Ethiopia’s Ministries of Foreign Affairs and Trade & Regional Integration, alongside the Ethiopian Investment Commission (EIC), the Ethiopian Chamber of Commerce and Sectoral Association (ECCSA), and the China Council for the Promotion of International Trade (CCPIT). Ambassador …

Ethiopia-China Economic and Trade Forum Opens in Addis Ababa Read More »

The National Bank of Ethiopia (NBE) has announced a Special Foreign Exchange Auction scheduled for February 25, 2025, with USD 60 million available for bidding by all banks. The auction follows Ethiopia’s macroeconomic reform program, launched in July 2024, which has significantly improved the country’s balance of payments due to rising exports, remittances, and capital …

Ethiopia: National Bank to Hold USD 60 Million Special Forex Auction on February 25 Read More »