News

The Horn of Africa Initiative (HoAI) convened the 21st ministerial meeting alongside the African Development Bank’s 2024 annual meetings at the Kenyatta International Convention Center in Nairobi. The meeting’s core agenda focused on the performance of the HoAI portfolio and the implementation of the Borderlands Roadmap. The need for tailored approaches to project implementation was …

Finance Minister Presides Over HoAI 21st Ministerial Meeting In Nairobi Read More »

The Ethiopian Industrial Parks Development Corporation (IPDC) has announced today that the Chinese company, Affluence Electric Appliances Manufacturing Plant, has completed pre-operational work and is now operational. The company has entered into a contract with the IPDC and has been conducting pre-operational activities at the Bahir Dar Industrial Park. Affluence Company has invested over 725 …

Chinese Electric Appliances Manufacturing Plant Goes Operational In Bahir Dar Read More »

The Ethiopian Investment Commission (EIC) and the Sialkot Chamber of Commerce & Industry (SCCI) signed an agreement to establish a consortium of companies in Ethiopia. This Memorandum of Understanding (MoU) focuses on industries such as sports goods, sportswear, leather products, surgical instruments, gloves, and workwear. The signing ceremony, witnessed by Ethiopian and Pakistani ambassadors, signifies …

Ethiopia and Pakistan Forge Investment Partnership Read More »

Ethiopian Toll Roads Enterprise (ETRE) announced impressive results for the first nine months of the 2023/24 fiscal year. It collected over 748 million Birr in tolls from more than 8.4 million vehicles traveling on its three highways. “We’re pleased to report a significant increase in revenue and profitability,” said Sintayehu Mekonnen, a public relations expert …

Ethiopian Toll Roads Enterprise Collects Birr 748 Million in Nine Months Read More »

Ethiopia attracted USD 3 billion in Foreign Direct Investment (FDI) during the first 10 months of the current fiscal year. This figure is expected to put the Ethiopian Investment Commission on track to meet its annual target of USD 3.5 billion. Although contributions come from diverse sources, China remains the leading investor, responsible for nearly …

Ethiopia Sees Rise in Foreign Investment Read More »

Safaricom Ethiopia is taking a big step towards local sourcing by incorporating telecom towers manufactured in Ethiopia into its network expansion plans. The company has partnered with Woda Metals, the nation’s first producer of telecom towers. On Friday, Safaricom received the first batch of 13 towers from a total order 68. “This is a historic …

Safaricom Ethiopia Boosts Network with Locally Made Towers Read More »

Pakistani investors expressed a strong desire to engage in various investment sectors by taking advantage of existing opportunities in Ethiopia. Pakistan’s high level investment delegation is in Addis Ababa for a business visit to explore investment opportunities in Ethiopia. The delegation members that ENA spoke with said they are looking into investment prospects in Ethiopia …

Pakistani Investors Desirous to Engage in Ethiopia’s Investment Opportunities   Read More »

The Ethiopia-Turkiye Business and Investment Forum was held on May 27 at MÜSİAD Headquarters in Istanbul with the presence of TR Deputy Minister of Commerce Mustafa Tuzcu and State Minister of Foreign Affairs of Ethiopia Ambassador Misganu Arega. At the forum, a business recruitment delegation of 63 people was hosted and B2B meetings were held …

Musiad President Says Ethiopia Is The Future Of Africa, Encourages Turkish Businessmen To Tap Opportunities Read More »

The visiting business delegation of Pakistan to Ethiopia has toured the Bole Lemi Industrial Park in the capital, Addis Ababa. Ethiopian Ambassador to Pakistan, Jemal Beker accompanied the business delegation. CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), Aklilu Tadesse, received the delegation and briefed them on the activities the government has been undertaking …

Pakistani Business Delegation To Ethiopia Visits Bole Lemi Industrial Park Read More »

Addis Ababa Public Recreational Areas Corporation (AAPRAC) is seeing green – not just in the parks it manages, but also in its revenue figures. AAPRAC oversees ten parks across the city, and both park popularity and revenue are on an upward swing. This year, it aimed to earn Birr 70.9 million from one million visitors. …

Addis Ababa’s Parks Generate Birr 53 Million in Revenue Read More »