News

Saudi Arabian investors have expressed their interest in participating in the development of a 5-star hotel and other tourism services in Ethiopia. During the Ethio-Saudi Business and Investment Forum, attendees were provided with information on potential investment opportunities within the tourism sector in Ethiopia. Following the Ethiopia-Saudi business forum, investors met with the Minister of …

Saudi Investors Eye Ethiopian Tourism Opportunities Read More »

Pakistan Ambassador to Ethiopia, Mian Atif Sharif, has praised Ethiopia for paying attention to liberalization and opening up the economy for foreign investors. Over the past five years, Ethiopia has undertaken significant economic reforms to open up the economy including liberalization of the telecom sector, opening up of the financial sector, the liberalization of trade …

Pakistan Ambassador Lauds Ethiopia for Liberalization, Opening up the Economy Read More »

Saudi Arabia’s investors are exploring investment opportunities in Ethiopia, and they are impressed by the business climate in agro-processing and livestock spheres. A high-level Saudi Arabia investment and trade delegation, consisting of 79 investors and representing renowned companies is visiting the investment opportunities in Ethiopia. As part of the delegation tour, those investors witnessed today …

Saudi Investors Impressed by Ethiopia’s Business Climate  Read More »

Upon returning from his Asian official visits early this evening, Prime Minister Abiy Ahmed met with representatives of a high-level investment delegation from Saudi Arabia, concluding their three-day visit to Ethiopia. Discussions focused on investments in agriculture, housing, and tourism, with a special emphasis on local fertilizer production, according to the Office of the Prime …

PM Abiy Meets with High-level Investment Delegation of Saudi Arabia  Read More »

Ethiopia and Singapore have reaffirmed their commitment to strengthening the longstanding bilateral relations between the two nations. The commitment was made during a meeting today between Mr. Ahmed Shide, Minister of Finance of Ethiopia, and Ms. Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and Second Minister for National Development of …

Ethiopia, Singapore Pledge To Deepen Financial And Economic Ties Read More »

 Ethiopia’s government has embarked on a comprehensive reform to create a business-friendly environment, Minister of Planning and Development Fitsum Assefa underscored. Addressing the two-day Ethio-Saudi Arabia investment and trade forum which kicked off in Addis Ababa today, Fitsum stressed the visit of the Saudi Investment and Trade delegation to Ethiopia symbolizes that the bilateral relations …

Gov’t Undertaking Comprehensive Reform To Make Ethiopia Business-Friendly Nation Read More »

The Ministry of Finance held a roundtable discussion on private sector development with the development partners group to deliberate on advancing private sector development as an extension of the Homegrown Economic Reform Agenda (HGER) 2.0. The roundtable discussion was a testament to Ethiopia’s proactive approach to creating a conducive environment for private investment in encouraging …

Gov’t, Partners Discuss Advancing Private Sector Dev’t In Ethiopia Read More »

Ethiopia’s Modjo Green Logistics Centre is undergoing a major expansion to become a world-class logistics hub. The project, funded by the Ethiopian Shipping and Logistics and the World Bank, will double the center’s size and significantly boost its container handling capacity. The expansion includes eight new mega warehouses, expanded terminals, and a state-of-the-art cold storage …

Modjo Green Logistics Centre Gears Up for Expansion Read More »

Ethio-Engineering Group signed two agreements to bolster Ethiopia’s manufacturing sector. The first deal, a Euro 3 million contract with Faresin Formwork, an Italian formwork leader, grants Ethio-Engineering exclusive rights to produce aluminum formwork locally. This will advance the group’s construction machinery manufacturing and propel the domestic construction industry, particularly in formwork and scaffolding. The agreement …

Ethio-Engineering Group Inks Deals to Boost Manufacturing Read More »

The Grand Ethiopian Renaissance Dam (GERD) has surpassed expectations, generating over 2,700 gigawatt hours (GWh) of electricity in the last ten months, according to the Ethiopian Electric Power (EEP). This figure marks a 26% increase over the initial target of 2,152.8 GWh. The dam’s success is attributed to improved water management and efficient operation of …

Grand Ethiopian Renaissance Dam Exceeds Power Generation Targets in First 10 Months Read More »