Ethiopia is becoming a key destination for the development of French companies on the African continent, Chairman of the French Ethiopian Chamber of Commerce and Industry — a French business support network, Poujade said. Addressing the event celebrating the induction of the former French Business Association in Ethiopia (CAFE) into the esteemed CCI France International …
Ethiopia and South Sudan are set to build a 220 km road connecting the two countries, following a 738 million USD financial agreement signed in May 2023. South Sudan’s Transitional National Legislative Assembly (TNLA) ratified the Ethiopia-South Sudan financial agreement to build a cross-border highway on June 25. The project aims to enhance connectivity and …
Ethiopia, South Sudan to Build 220 km Cross-border Highway Read More »
Livestock Development Institute of Ethiopia saved Birr 1.5 billion in import costs over the past 11 months by producing artificial insemination (AI) locally. This year, the Institute achieved its target of producing 2.2 million doses of AI products. The Institute’s focus extends beyond AI. It identifies and registers high-yield dairy cows to enhance milk production. …
Ethiopia’s Livestock Industry Produces 2.2 Million Doses of AI Read More »
Ethiopian Coffee and Tea Authority (ECTA) announced that spice exports generated USD 7.5 million from 8,400 tons sold over the past 11 months. This reflects a 2,000-ton increase compared to the same period last year. ECTA’s Director General Adugna Debela highlighted Ethiopia’s diverse spice production, over 50 varieties with 16 currently exported to 39 countries. …
Chinese commercial vehicle giant Foton Motor is setting its sights on Ethiopia’s growing economy. The company announced plans to introduce more commercial trucks and electric vehicles (EVs) to the country, further solidifying its presence in the African market. Foton recently delivered 100 heavy trucks to the Ethiopian East Africa Holding Company. “Ethiopia’s thriving economy requires …
Foton Motor Gears Up for Ethiopian Market Expansion Read More »
A delegation led by Deputy Commissioner of Ethiopian Investment Commission (EIC), Zeleke Temesgen, participates in the Common Market for Eastern and Southern Africa (COMESA) Investment Forum in Tunis, Tunisia. This year’s Forum is being held from the 25th to the 28th of June under the theme “Investment Promotion Activities and Investment Identification.” The Forum focuses on enhancing …
Ethiopian Delegation Attends COMESA Investment Forum In Tunis Read More »
The particular analysis of how to address the accumulated debt of certain state-owned enterprises (SOEs) has raised concerns at the Office of the Federal Auditor General (OFAG). The Auditor General of OFAG, Meseret Damte, appeared before parliament earlier this week to present the audit findings for the 2022/23 budget year. Based on the performance audit …
Auditor General raises concerns over debt transfer process for state-owned enterprises Read More »
Athens International Airport (AIA) has announced a strategic partnership with Ethiopian Airlines to enhance connectivity with Sub-Saharan Africa. This collaboration opens Greece to a market of more than 120 million people, with Ioanna Papadopoulou, Director of Communications and Marketing at AIA, lauding Ethiopian Airlines as a “valuable partner” during the presentation of the new alliance …
Athens International Airport Announces Partnership With Ethiopian Airlines Read More »
The Ethiopian Embassy in Beijing hosted the Ethiopia-China Business Forum yesterday. During the forum, Ambassador Dewano Kedir, Deputy Head of the Mission at the embassy, delivered a keynote speech highlighting Ethiopia’s investment and trade opportunities. Since the beginning of the China-Africa Partnership in 2000, China has been a leading source of foreign direct investment and …
Chinese Investors Asked To Contribute To Enhancing Ethiopia-China Economic Cooperation Read More »
The Ethiopian Coffee and Tea Authority disclosed that 7.5 million USD has been earned from the export of 8,400 tons of spices during the last 11 months of the current Ethiopian fiscal year. In addition to coffee, the authority has given attention to enhancing the production and marketing of spices and tea to boost foreign …
Over 7 Million USD Earned from Spices Export in 11 Months of Current Fiscal Year Read More »