bussines news

The 4th International Conference on Financing for Development (FfD4) will be held from 30 June – 3 July 2025 in Seville, Spain. The conference is expected to address new and emerging issues, and the urgent need to fully implement the Sustainable Development Goals, and support reform of the international financial architecture. FfD4 will assess the …

4th Int’l Conference on Financing for Development Set to Commence Today in Spain Read More »

The Industrial Parks Development Corporation (IPDC) has announced an increase in the participation of local investors in Ethiopia’s Special Economic Zones (SEZs), with their share now exceeding 60%. The overall occupancy rate of sheds and developed land in all 13 SEZs has reached 89%. Ato Zemen Junedi, Executive Director of IPDC’s Investment Promotion and Marketing …

Ethiopia: Local Investor Participation in Ethiopia’s Special Economic Zones Surpasses 60% Read More »

South Korea’s National Assembly Deputy Speaker Joo Ho-Young has affirmed his country’s commitment to further deepening its long-standing friendship with Ethiopia through enhanced investment cooperation. President Taye Atske Selassie has received the parliamentary delegation led by the Deputy Speaker today. National Assembly of South Korea Deputy Speaker Joo Ho-Young is on an official visit to …

South Korea Eyes Further Expanded Investment in Ethiopia Read More »

The Ethiopian Investment Holdings (EIH) signed a memorandum of understanding (MoU) with US International Finance Partners (USIFP) on the sidelines of the U.S.-Africa Business Summit in Luanda, Angola. The agreement, worth over USD 200 million, aims to develop luxury hotels, branded residences, and related tourism facilities in Ethiopia. The signing ceremony took place in the …

Ethiopian Investment Holdings Signs USD 200M Tourism MoU with US Firm Read More »

The Sidama Regional State has supplied 38,487 tons of coffee to Ethiopia’s central market during the first 11 months of the 2024/25 Ethiopian fiscal year, achieving 96% of its annual supply target. According to Ato Mesfin Kare, Director General of the Regional Coffee, Fruit and Spices Authority, the region had planned to supply 40,128 tons …

Ethiopia: Sidama Region Achieves 96% of Annual Coffee Supply Target in 11 Months Read More »

The Ministry of Urban and Infrastructure has announced that around 250 companies from 20 countries will showcase their products and services at the third Big 5 International Construction Exhibition, scheduled to take place from June 28 to 30 in Addis Ababa. In a statement, Minister of Urban and Infrastructure, Ms. Chaltu Sani, highlighted the exhibition’s …

Over 250 Companies to Participate in Ethiopia’s Third Big 5 International Construction Exhibition Read More »

Ethiopia transported more than 15.8 million metric tons of revenue and expenditure cargo during the first 11 months of the current Ethiopian fiscal year, according to a report presented to the House of People’s Representatives by the Ministry of Transport and Logistics. Transport and Logistics Minister Alemu Sime (PhD) delivered the performance report, detailing that …

Ethiopia Transports Over 15.8 million Metric Tons of Cargo in 11 Months Read More »

Ambassador Bizunesh Meseret, Chargée d’Affaires at the Ethiopian Embassy in New Delhi, spoke at the 10th India International MSME Trade Fair and Expo held in New Delhi, India. In her address, Ambassador Bizunesh highlighted the numerous untapped investment opportunities in Ethiopia and the incentives available for foreign investors. She urged the Indian business community to …

Indian investors are encouraged to explore opportunities in Ethiopia Read More »

Saudi Arabia and Ethiopia are set to strengthen their economic ties with the establishment of a new business council for the 2024-2028 term, the Federation of Saudi Chambers announced. The Saudi-Ethiopian Business Council, recently approved by the General Authority for Foreign Trade, aims to enhance trade and investment opportunities between the two nations. Abdullah bin …

Ethiopia – Saudi Arabia Business Council to boost economic ties: Saudi Chambers Read More »

Ethiopian Electric Power garnered USD 25 million from its electricity sales to data mining companies in the 2023/24 fiscal year. The revenue boost is attributed to the strategic decision to sell electricity in U.S. dollars to domestic customers, aimed at enhancing the institution’s foreign exchange earnings. Before December 2023, domestic electricity transactions were conducted in …

Ethiopian Electric Power Nets USD 25 Million from Data Mining Firms Read More »