News

The Ambassador of Ethiopia to Russia, Genet Teshome, has extended an invitation to the Chamber of Commerce and Industry of the Russian Federation (RF CCI) to visit his country and explore investment opportunities in the East African nation. Strengthening ways of promoting investment opportunities was the main focus of a discussion between Ambassador Genet and …

RF CCI invited to explore business opportunities in Ethiopia Read More »

Ethiopian Ambassador to Belgium Eshete Tilahun called on investors and businessmen from Belgium and Luxembourg not to miss opportunities in Agricultural sector as a whole and Agro-processing, Pharmaceutical, Tourism, Mining and ICT. The Embassy of Ethiopia in Brussels, in cooperation with CBL-ACP held Investment and Trade Promotion Event on 3 April 2025 The Investment and …

Businessmen, Investors from Belgium Urged to Seize Untapped Potential of Ethiopia’s Market Read More »

The Commercial Bank of Ethiopia (CBE) has disbursed over Birr 264 billion in loans over the past eight months, with the majority directed toward the private sector, according to its president, Abe Sano. Presenting the bank’s performance report to the House of Peoples’ Representatives’ Standing Committee on Public Enterprises, Abe highlighted CBE’s commitment to expanding …

Ethiopia: CBE Disburses Over Birr 264 Billion in Loans Read More »

Ethiopia and the Czech Republic have agreed to strengthen cooperation in agricultural development, according to Ministry of Agriculture. Agriculture Minister Girma Amente and Czech’s Ambassador to Ethiopia, Miroslav Kosek held discussion about ways to enhance bilateral ties in the sector. During the discussion, the minister noted that agriculture contributes one-third to Ethiopia’s GDP and 70-80 …

Ethiopia, Czech Republic Agree to Strengthen Cooperation in Agricultural Dev’t Read More »

Ethiopia has achieved tangible results in enhancing its export destinations and competitiveness by implementing a production-driven trade strategy, Trade and Regional Integration Minister Kassahun Gofe noted. Ethiopia will play its leading role in strengthening intra-African trade by commencing soon a pilot African Continental Free Trade Area (AfCFTA) project in selected countries, he added. The minister …

Production-driven trade strategy enables Ethiopia to boost export destinations, competitiveness Read More »

Ethiopian has earned over 366 million USD from horticulture export trade, Minister of Agriculture Mr. Girma Amente (PhD) stated today. The Minister highlighted the sector’s growth, economic reforms.as well as investment opportunities at the launch of the 9th International Floriculture and Horticulture Trade Fair (HortiFlora Ethiopia 2025), launched today, April 1, at Millennium Hall in …

Ethiopia earns $366 million from horticulture export in 8 months Read More »

Ethiopia is taking significant steps to enhance its pharmaceutical industry, aiming to transition from dependency on imports to a robust domestic production base. Speaking at the Ethiopia-India Trade and Business Forum held at the Skylight Hotel, Zeleke Temesgen, Commissioner of the Ethiopian Investment Commission (EIC), emphasized the country’s commitment to fostering self-sufficiency and increasing exports …

Ethiopia positions its pharmaceutical sector for continental market expansion Read More »

Ethiopia’s ambassador to China, Tefera Derbew engaged in a productive discussion with Yu Zhuorui, Vice President of the China-Africa Development Fund (CAD). They addressed various mutual cooperation opportunities and concerns shared by both countries. The Ambassador emphasized the necessity of strengthening existing partnerships and diversifying investments, particularly focusing on projects such as the new international …

China-Africa Development Fund Keen to Participate in Ethiopia’s New Airport Project Read More »

Ethiopia has signed a Financing Agreement amounting to 50 Million USD in the form of a Loan from International Development Association Country Performance Allocations and a Grant Agreement of 46.367 million USD from the Global Partnership for Education Fund; in total USD 96.367 million with the World Bank (also acting as Grant Agent for Global …

Ethiopia Signs Two Financing Agreements with World Bank to Finance Education Transformation for Learning Operation Read More »

The National Bank of Ethiopia (NBE) has announced plans to hold regular foreign exchange auctions every two weeks, beginning with a USD 50 million auction scheduled for today. This initiative, which will continue for the next several months, aims to stabilize the foreign exchange market and ensure a steady supply of foreign currency to the …

National Bank of Ethiopia to Hold Biweekly Foreign Exchange Auctions Read More »