In a recent development, BGI Ethiopia and Purpose Black have reached an agreement through court mediation, resolving their ongoing dispute. The Federal High Court approved the settlement, leading to the closure of the case and the lifting of a previously imposed ban. BGI cited logistical and water supply challenges as reasons for initially seeking to …
BGI Ethiopia and Purpose Black Resolve Dispute through Mediation Read More »
Dashen Bank announced recognition from the International Finance Corporation (IFC), a member of the World Bank Group, for its international trade finance services. The bank revealed that the award was presented during the 8th International Conference of the IFC held in Barcelona, Spain. Furthermore, Dashen Bank signed an agreement with the IFC to strengthen its …
IFC Recognizes Dashen Bank for International Trade Finance Read More »
Ethiopian Freight Forwarders and Shipping Agents Association (EFFSAA) submitted a bid to host the 2027 International Federation of Freight Agencies (FIATA) World Congress. This global gathering attracts over 1,000 logistics leaders and industry stakeholders. EFFSAA previously submitted bids for the 2022 and 2025 congresses, but security concerns related to the northern region conflict hampered those …
Ethiopia Vies to Host Prestigious Logistics Congress Read More »
Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) initiated a design study seven years ago to modernize the Addis Ababa Exhibition Center, a cornerstone facility for over 40 years. However, the project remains stalled due to governmental delays and a lack of approval. AACCSA expressed frustration with the bureaucratic hurdles and inconsistencies that have …
Addis Ababa Exhibition Center Revamp Stalled in Bureaucracy Read More »
Somali Regional President Mustefie Mohamed presided over the inauguration of a new car assembly factory in Jigjiga city. The factory, constructed at a cost of Birr 250 million, represents a significant development initiative for the region. President Mohamed expressed his encouragement for the project, highlighting the role of private investors in the region’s growth. He …
Somali Region Inaugurates Car Assembly Factory in Jigjiga Read More »
The Ministry of Industry announced the successful conclusion of the 2024 Expo of Ethiopia Tamrit Movement, which generated over Birr 3 billion over its five-day run. Minister of Industry Melaku Alebel highlighted the event’s achievements, which included participation from over 100,000 individuals and institutions, alongside representatives from 57 countries and 157 diplomats. Additionally, 210 manufacturing …
Ethiopia Tamrit Movement Expo Generates Over Birr 3 Billion Read More »
Minister of Finance, Ahmed Shide discussed with Ahmed Hussen, Minister of International Development of Canada the two countries’ economic cooperation. On the occasion, Finance Minister Ahmed appreciated the Government of Canada’s longstanding and consistent support of Ethiopia’s development effort both through bilateral and multilateral levels, He emphasized boosting the two countries’ cooperation taking into consideration …
Ethiopia’s Finance Minister Confers with Canadian Minister of Int’l Development Read More »
The Ethiopian Industrial Products Exhibition, a significant platform showcasing the nation’s industrial prowess, has commenced on Monday in Juba, South Sudan, the Ethiopian Embassy in Juba disclosed. The event, graced by the esteemed presence of Dr. Dhieu Mathok Diing Wol, Minister of Investment of the Republic of South Sudan, witnessed the participation of sixteen Ethiopian …
Ethiopia-South Sudan Business Forum Kicks Off In Juba Read More »
The Ethiopia-Brazil Trade and Investment Forum organized by Wafa Marketing and Promotion in collaboration with various stakeholders is being held in Sao Paulo, Brazil. The forum was organized by WAFA in collaboration with the Ministry of Foreign Affairs, the Brazilian Embassy in Ethiopia, and the Ethiopian Embassy in Brazil. The forum was attended by the …
Ethiopia-Brazil Business Forum Opens In Sao Paulo Read More »
The Ethiopian Embassy in Beijing, in cooperation with the Ethio-China Friendship and Cooperation Committee, co-hosted a forum entitled “Light Up Villages Program” at the Ethio-China Business Forum earlier today. The forum aims to promote investment and trade opportunities in Ethiopia for Chinese investors. Ethiopia’s Ambassador to China, Tefera Derbew, delivered a keynote speech to the …
Ethiopia Extends Investment Visit Invitation To Chinese Investors Read More »