News

Officials from Ethiopia and China have outlined great potential for economic cooperation between the two countries’ business communities. The Ethio-China Business Cooperation Promotion Conference in Addis Ababa today underscored the vast potential for economic collaboration between Ethiopia and China. It was indicated that the conference brought together over 200 participants, representing businesses from both nations …

Ethiopia, China Seeking Further Potential of  Economic Cooperation  Read More »

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 …

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

 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 …

Ethiopia – China Trade & Investment Forum Underway In Addis Ababa Read More »

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 …

House Approves 275 Million USD Loan Agreement With IDA Read More »

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 …

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

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, …

Ethiopia Commodities Exchange to Go Online Read More »

The National Bank of Ethiopia is revamping its gold-buying scheme to combat a decline in official gold supplies. The bank announced significant price hikes for suppliers, hoping to stem the flow of gold into the black market. Under the new plan, effective June 17th, 2024, suppliers will receive a 72% premium above the global market …

National Bank Ups Gold Incentives to Fight Black Market Read More »

According to a report by the Office of the Federal Auditor General, the Ministry of Mines fell short of its revenue target for mining activities between 2018 and the first quarter of the current fiscal year (2023/24). The Ministry aimed to generate USD 4.2 billion but only managed to collect USD 1.2 billion, achieving a …

Ministry Of Mines Misses Revenue Target Read More »

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. …

Geda Special Economic Zone Receives Prospective Tenants Read More »

Heifer Ethiopia has launched this year’s AYuTe Ethiopia Challenge, which aims to identify innovative tech-based solutions to address the challenges faced by smallholder farmers in the country. Read More: https://shega.co/post/application-opens-for-local-agritech-competition-with-20000-prize/ Source: shegahq