Nexara

Despite ongoing economic turbulence, East Africa Macroeconomic Outlook, Volume IV by Deloitte, paints a cautiously optimistic picture for the region. At a closer look at Ethiopia, although inflation remains a significant concern, projected at 30.8% in 2023, the report highlights promising signs of progress.   The overall economy is expected to expand by 6.0% this year, followed by further growth of 6.2% in …

Deloitte Bets Big on Ethiopia’s Tourism, Finance, and Energy Trio in 2024  Read More »

The French Development Agency (AFD) has reaffirmed its dedication to strengthening its comprehensive development collaboration with the Ethiopian government. Minister of Planning and Development, Fitsum Assefa, and State Minister, Nemera Gebeyehu exchanged views with the Director of AFD for Ethiopia, Louis Anthony Sochet on the ongoing collaboration. On the occasion Fitsum, highlighting the enduring cooperative …

French Dev’t Agency Reaffirms Commitment to Strengthen Partnership with Ethiopia Read More »

Prime Minister Abiy Ahmed said under the ‘Bounty of the Basket’ (Ye Lemat Tirufat) program milk, poultry, and meat production rates have marked good results in the last Ethiopian calendar year. ‘Bounty of the Basket’ (Ye Lemat Tirufat) is a national government program being implemented to improve dairy, poultry, egg, honey, fish, and meat production, …

PM Abiy Says ‘Bounty of the Basket’ Program Achieves Good Results Read More »

The new Ethiopian industry policy has been giving priority to the local manufacturers, Industry Minister Melaku Alebel said. The special attention given to the manufacturing industry through the Home-grown Economic Reform and the 10-year Perspective Development Plan have been contributing to the overall improvement of the sector, the minister said. Melaku added that the government …

Ethiopia’s New Policy Prioritizes Local Manufacturers, Says Industry Minister Read More »

Nigeria-based Riverside LNG said it’s in talks to supply gas to South Africa, in what would be the first such deal between the two countries, Bloomberg reports. According to the report, the company earlier this year signed a gas-export partnership agreement with Johannes Schuetze Energy Import AG of Germany and is now looking for deals …

Nigeria Nearing First-Ever Deal To Supply Gas To South Africa Read More »

Industrial Parks Development Corporation (IPDC) disclosed that it is providing a One-Stop-Service to investors engaged in the various parks across Ethiopia in collaboration with relevant government agencies. The One-Stop-Service (OSS) is a vital initiative in Ethiopian industrial parks that aims to simplify and streamline the process for investors and businesses. IPDC administers the One-Stop-Service in …

IPDC Providing One-Stop-Service to Investors Engaged in Parks Across Ethiopia Read More »

 Ethiopia is aggressively working to finalize its accession to the World Trade Organization (WTO) in the coming three years, Minister of Trade and Regional Integration, Gebremeskel Chala remarked. The National Committee on the WTO membership negotiations and the African Continental Free Trade Area (AfCFTA) held its meeting today in Addis Ababa. The Committee was established …

Ethiopia Working Aggressively To Finalize Its Accession To WTO, Implement AfCFTA Read More »

 A delegation from the National Bank of Ethiopia, including the Vice Governor, Senior Advisors, and Directors, along with the CEO of the Ethiopian Securities Exchange (ESX) embarked on a key visit to China’s cities of Beijing, Shanghai, and Shenzhen. The delegates’ trip to the Asian country aims to study China’s journey in financial sector liberalization, …

NBE, Central Bank Of China Discuss Potential Technical Cooperation Read More »

BitCluster launches a 120 MW data center in Ethiopia. The facility with an area of 30 thousand square meters is located in Addis Ababa, the capital of Ethiopia, on the territory of the Kilinto high-voltage substation. The commissioning of the new data center will take place in January 2024. Transformers are currently being connected. The …

NEW BWP data center in ethiopia Read More »