News

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 »

The two-day Ethio-Saudi Arabia investment and trade forum is convening in Addis Ababa in the presence of Ethiopia’s high-level government officials and Saudi investment and trade delegation. Recall a high-level Saudi Arabia investment and trade delegation headed by the president of the Federation of Saudi Arabia Chambers of Commerce, consisting of 79 investors representing renowned …

Ethio-Saudi Investment and Trade Forum Kicks off in Addis Ababa Read More »

Ethio-Djibouti Railways Share Company signed a partnership agreement with Ethiopian Shipping and Logistics (ESL). Ethio-Djibouti Railways Share Company CEO Abdi Zenebe and CEO of Ethiopian Shipping and Logistics, Beriso Amelo signed the agreement today. The agreement aims at enhancing the partnership of the two companies in areas of national interest. Ethiopian Shipping & Logistics CEO, …

Ethio-Djibouti Railways, ESL Sign Partnership Agreement   Read More »

The Ethiopian Coffee and Tea Authority has revealed that a substantial 210,000 tons of coffee was exported to foreign markets within the last 10 months, generating 1 billion US dollars in revenue. Director General of the Authority, Adugna Debela, stated that Ethiopia’s export coffee production has been steadily increasing each year. Testament to this, in …

Coffee Exports Fetch US$1 Billion In Revenue Within 10 Months Read More »

Phibela Industrial PLC’s electric car assembly plant in Debre-Berhan City, Amhara region, was officially inaugurated and began operations early this morning. The inaugural ceremony was attended by several notable guests, including the chief administrator of the Amhara region, Mr. Arega Kebede, owner and CEO of Belayeh Kindie Group (BKG), Belayneh Kindie, and senior officials from …

Phibela Industrial Electric Car Assembly Plant Inaugurated Read More »

 Mr. Ahmed Shide, Minister of Finance of the Federal Democratic Republic of Ethiopia met and discussed with Kim Byoung-hwan, first Vice Minister of Economy and Finance of the Republic of Korea. During the discussion, Ahmed Shide highlighted the historic and deep-rooted relations between the Republic of Korea and Ethiopia. Mr. Ahmed thanked the Republic of …

Finance Minister Meets With ROK’s First Vice Minister Of Economy & Finance Read More »

 A high-level Saudi Arabian Investment and Trade delegation headed by the President of the Federation of Saudi Arabian Chambers of Commerce, comprising 79 investors representing renowned companies and officials from Saudi Arabia’s Chamber of Commerce, arrived in Addis Ababa today. The delegation was welcomed at Bole International Airport in the presence of Fitsum Assefa, Minister …

High-Level Saudi Arabian Business Delegation Arrives In Addis Ababa Read More »