bussines news

Industry Minister Highlights Opportunities of Manufacturing Sector in Ethiopia

Ethiopia’s Industry Minister Melaku Alebel has highlighted the positive impact of the government’s macroeconomic reforms implemented over the past few months in encouraging the manufacturing sector. The Ministry convened a public-private dialogue today to discuss the opportunities, challenges, and potential solutions for the manufacturing sector in light of recent economic reforms. Ethiopia has achieved over …

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Ethiopia’s Pulses, Oilseeds Export Booming

Ethiopia’s Pulses and Oilseeds export has been flourishing in recent years as the agricultural sector has the major share in the country’s export, State Minister of Trade and Regional Integration Yasmin Wohabrebbi noted. Addressing the Public-Private Dialogue Forum on the Pulses and Oilseeds Sector today, Yasmin said that Ethiopia’s agricultural exports have been massively increased …

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India’s Leyland Group poises to invest in Ethiopian automotive industry

Ethiopian Ambassador to India Fesseha Shawel conferred with Mr. Prakash P. Hinduja, Chairman of the Hinduja Group on the investment partnership in Ethiopia, especially on electric vehicle assembly and production. On the occasion, Ambassador Fesseha briefed the Chairman on the untapped investment opportunities in the EVs Assembly and production of the automotive industry in Ethiopia …

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Asian companies encouraged to tap enticing investment opportunities in Ethiopia

Ethiopia’s Minister of Trade and Regional Integration, Kasahun Goffe, invited Asian companies to tap the bourgeoning investment opportunities in his country. Cooperation in trade and investment between Ethiopia and Asian-African Chamber of Commerce and Industry was brought to attention in a meeting between Mr. Kasahun and the Founder and Director-General of the Chamber GD Singh, …

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Safaricom Ethiopia goes live in Gambella city

 Safaricom Telecommunications Ethiopia P.L.C., the second telecom operator in Ethiopia, has officially launched customer network services in Gambella city and surrounding areas, Gambella regional government communication service confirmed today. In her speech at the launch event, the Chief Administrator of the Gambella Region, Ms. Alemitu Umod, stated that the launch of Safaricom Ethiopia services in …

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Ethiopia Signs Agreement with AeTrade Group to Boost Regional Trade and Digital Economy

Ethiopia has signed a host country agreement with AeTrade Group, an African Diaspora-led social enterprise, to establish its East African regional headquarters in Addis Ababa. AeTrade Group, a multi-stakeholder initiative of African professionals and business leaders, focuses on enhancing intra- and inter-African trade through e-empowerment programs, aiming to create lasting job opportunities across the continent. …

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Railways Corporation Unveils Plan to Expand Ethiopia’s Railway Network

The Ethiopian Railways Corporation (ERC) revealed plans to expand the national railway network to 5,700 kilometers within the next decade, aiming to drive economic growth and create efficient transport corridors across the country. ERC Deputy CEO, Getu Gizaw, disclosed that feasibility studies for various railway projects had been finalized, though implementation will depend on securing …

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Ethiopia: Addis Ababa Extends Business Hours to Boost Economic Activity

The Addis Ababa Trade Bureau announced an extension of operating hours for commercial establishments, requiring them to remain open until 9:30 p.m. Habiba Siraj, Head of the Trade Bureau, stated that the decision was approved by the city administration cabinet as part of efforts to leverage favorable conditions in Addis Ababa, particularly in areas with …

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Ethiopia: Gambella Region Attracts Nearly 200 Investors with Birr 1 Billion in Capital

Gambella Regional State’s Investment Commission has announced that close to 200 investors, with a combined registered capital of Birr 1 billion. on, had secured investment licenses during the current fiscal year. Low Ubup (PhD), the Chief Commissioner of the Gambella Regional Investment Commission, revealed that the investors were engaged in diverse sectors, including agriculture, mining, …

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Ambassador encourages Indian investors to explore opportunities in Ethiopia

In a keynote address at the opening of the “Advanced Manufacturing using AI, ML and Innovation” conference hosted by the World Association for Small and Medium Enterprises (WASME) in Coimbatore, Tamil Nadu State, Ambassador Extraordinary, and Plenipotentiary Fesseha Shawel emphasized the vast economic potential for collaboration between Ethiopia and India. The Ambassador highlighted the Ethiopian …

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