News

Value-added Minerals Prioritized to Maximize Ethiopia’s Export Earnings: Mines Minister 

Mines Minister Habtamu Tegegn underscored that Ethiopia has given greater attention to value-added minerals to maximize foreign currency revenue. The minister has paid a working visit to witness activities of the World Precious Minerals Association in Ethiopia as well as orbit Ethiopia’s engagement on value-added precious mineral outputs. During the visit, the minister witnessed the …

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Ethiopia – China Trade & Investment Forum Underway In Addis Ababa

 Ethiopia and China are holding a Trade and Investment Forum in Addis Ababa with the participation of government officials and business representatives of both countries. Ethiopian State Minister for Industry, Hassen Mohammed, State Minister for Finance, Semereta Sewasew, Director General of the Middle East, Assia and Pacific at the Foreign Ministry of Foreign Affairs, Ambassador …

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House Approves 275 Million USD Loan Agreement With IDA

House of Peoples’ Representatives approved a 275 million USD loan agreement made between the government of Ethiopia and the International Development Association (IDA) during its 33rd regular meeting today. The loan is dedicated to the second Phase of the Water Supply and Sanitation Program that will be implemented in selected towns over the next three …

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Foton Motor Group Seeks To Engage In Ethiopia’s EV Market

China’s prominent automotive manufacturer, Foton Motor Group, has expressed a keen interest in participating in the supply of electric vehicles in Ethiopia. This announcement was made following a meeting between the Minister of State for Transport and Logistics, Mr. Denge Boru, and a delegation from Foton Motor Group, led by the CEO of the company …

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Ethiopia Commodities Exchange to Go Online

Ethiopia Commodities Exchange (ECX) is undergoing a digital transformation with the launch of a new electronic trading system next year. While an official launch date remains undetermined, the software is being actively improved to be available in the 2024/25 fiscal year. Previously, customers could only trade electronically at six designated centers nationwide. The new system, …

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Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. …

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KEFI Gold and Copper announced that the Tulu Kapi Gold Project in West Welega will start production in 2026.

Early works comprise some activities with the community and other stakeholders to ensure that everyone is fully informed and consulted and the site is prepared for the major works to commence, the company said in the statement it issued on June 17. “Our focus is now on completing the Early Works at Tulu Kapi so …

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