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A new digital vehicle fleet management system for trucks was inaugurated today on the Addis Ababa-Djibouti corridor, marking a major advancement in trade between Ethiopia and Djibouti. This initiative is a collaborative effort involving the Djiboutian government, the European Union, and regional organizations. It represents the first project under a €32 million European Union-funded program …

Digital Fleet Management System Launched to Boost Trade on Addis Ababa-Djibouti Corridor Read More »

A digital vehicle fleet management system for trucks on the Addis Ababa Djibouti corridor has been launched today which would be crucial to transform the movement of goods between Djibouti and Ethiopia. The government of Djibouti, through the Ministry of Infrastructure and Equipment, the Djibouti Ports Corridor Road (DPCR), and the Delegation of the European …

Digital Fleet Management System for Trucks on Addis Ababa-Djibouti Corridor Launched Read More »

Safari experiences are key to attracting tourists as tourism is one of the priority sectors identified through Ethiopia’s Homegrown Economic Reform program, according to the Office of the Prime Minister (PMO). As tourism is one of the priority sectors identified through Ethiopia’s homegrown economic reform program, enhancing facilities, services, and experiences is a key area …

Safari Experiences Become Paramount in Ethiopia’s Tourism Sector to Attracting Visitors, Says PMO Read More »

Ethiopian Investment Commission (EIC) and Gada Special Economic Zone have signed today a Memorandum of Understanding (MoU) to facilitate a formal commencement of the project. Gada Special Economic Zone (SEZ) construction was inaugurated early last month in the presence of Prime Minister Abiy Ahmed. Designated as a multi-purpose special economic zone, it is expected to …

Investment Commission Signs MoU with Gada Special Economic Zone Read More »

A foundation stone was laid for the establishment of a food processing and manufacturing company at the Bole Lemi Industrial Park, marking an investment of over 1.2 billion birr. The ceremony was attended by Mr. Kamil Ibrahim, Deputy CEO of the Industrial Parks Development Corporation of Ethiopia (IPDC), Mr. Alemayhu Seifu, Deputy Head of Corporate …

Bole Lemi IP To Host A 1.2B Birr Teff-Based Snack Manufacturing Plant Read More »

Ambassador Demeke Atnafu met with Mr. Basudev Mukherjee, Assistant Secretary General, and Mr. Mayank Sharma, Deputy Director of the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Both discussed the prospect of organizing a visit for an Indian business delegation to Ethiopia, with a focus on manufacturing, agriculture, IT, education, and pharmaceutical sectors. The …

Associated Chambers Of Commerce, Industry Of India Mulls Business Trip To Ethiopia Read More »

In a move designed to bolster the security and stability of the Ethiopian financial sector, the National Bank of Ethiopia (NBE) announced a series of revisions to its regulatory framework. Accordingly, it revised five of its directives. The revisions encompass a broad range of areas. Banks will now face stricter limitations on the total amount …

National Bank of Ethiopia Revises Directives Read More »

Minister of Industry Ato Melaku Alebel reported a 10.1% growth in the sector over the past ten months. In a performance review presented to Prime Minister Abiy Ahmed this growth surge is largely attributed to the Ethiopia Tamrit Movement, a program focused on promoting domestic production and reducing reliance on imports. The Minister specifically highlighted …

Ethiopia’s Industry Grows by 10.1%, Ministry of Industry Read More »

The Ethiopian Investment Commission (EIC) and Gada Special Economic Zone (SEZ) signed a Memorandum of Understanding (MoU) today, facilitating the project’s official launch. Inaugurated last month with Prime Minister Abiy Ahmed’s participation, the Gada SEZ is envisioned as a multi-purpose economic hub designed to attract domestic and foreign investment across logistics, manufacturing, agro-processing, and real …

Ethiopian Investment Commission and Gada Economic Zone Enter a Memorandum of Understanding Read More »

Ethiopia is ranked the third most attractive investment destination in Africa for the 2023/24 fiscal year, according to the Ethiopian Investment Commission (EIC). This improvement in the investment climate is attributed to a series of reforms. Hana Arayaselassie, the EIC Commissioner, stated that government efforts were paying off. The “Invest Ethiopia” conference in the fiscal …

Ethiopia Becomes Third Most Attractive Investment Destination in Africa, EIC Read More »