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Gov’t Reforms Essential To Further Stimulate Startups Ecosystem: Startuppers

The reform carried out by the government is favorable for startuppers and further stimulates the sector, youths engaging in startups said. ‘Startup Ethiopia Exhibition’ kicked off at the Science Museum in the presence of senior government officials earlier this week. The exhibition runs from April 4, until April 28, 2024, it was indicated. At the …

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Ethiopia Striving For Expanding Startup Ecosystem: State Minister

The government is increasingly seeking to broaden startup ecosystems and encourage innovation in Ethiopia, State Minister of Finance Eyob Tekalign said. “Startup Ethiopia Exhibition” was launched today at the Science Museum in the presence of high-level government officials including Labor and Skill Minister Muferihat Kamil, Minister of Industry Melaku Alebel, Innovation and Technology Minister Belete …

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Ethiopia, India Explore Ways To Expand Trade, Investment Ties

Merchants’ Chamber of Commerce and Industry (MCCI) organized a Special Session with the Ambassador of Ethiopia to India, Demeke Atnafu Ambulo, on ‘India-Ethiopia Bilateral Ties and Trade’ today at MCCI Conference Hall. While welcoming the guests, Mr. Rishabh C. Kothari, Immediate Past President, MCCI in his address highlighted that “India is the second largest trading …

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Export Products Generate $617M Income In Eight Months

The Ministry of Trade and Regional Integration of Ethiopia (MoTRI) has disclosed a significant milestone in export revenue generation, announcing that a total of 617 million US dollars has been accrued from export products within the first 8 months of the current fiscal year. This achievement represents 87.51 percent of the targeted revenue goal of …

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Ethio-Engineering Group to Shift Focus to Electric Vehicles and Machinery with Government Backing

Ethiopia’s Deputy Prime Minister, Temesgen Tiruneh, announced a significant shift for the Ethio-Engineering Group, revealing their upcoming transition to assembling electric vehicles and machinery. The government sees Ethio-Engineering Group, with its established capacity and expertise, as a critical player in achieving its goal of phasing out imported petrol and diesel cars. The company’s CEO, Suleiman …

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Presence Of Local Companies In Industrial Parks On The Rise: IPDC

 More than 60 local companies are operating in various investment sectors at Industrial Parks, according to the Industrial Parks Development Corporation (IPDC). Investment Promotion and Marketing sector Deputy CEO at IPDC Zemen Junedin said the participation of local companies in industrial parks has been increasing. He added that the presence of local companies has exceeded …

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China’s Wuxi No. 1, Guolian Group Interested In Expanding Ventures In Dire Dawa FTZ

China’s Wuxi No.1 Cotton Textile Company shareholders along with the esteemed Guolian Group, Guolian Group, a large-scale comprehensive state-owned enterprise group, expressed a profound interest in furthering their ventures within the Dire Dawa Free Trade Zone. The Chinese companies’ interest was disclosed during a meeting between the Deputy Commissioner of the Ethiopian Investment Commission, Mr. …

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AU Commission Commits To Supporting Ethiopia’s Industrial Advancement

Ethiopia’s Minister of Industry, Melaku Alebel, engaged in consultations with Albert Muchanga, Commissioner for Trade and Industry African Union Commission, regarding avenues for collaboration in the industry sector. It was stated that the deliberations centered on strategies to advance industrial modernization through symbiotic relations of agriculture and industry as key drivers of economic growth. Mr. …

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