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An agreement was signed yesterday between the Industrial Parks Development Corporation (IPDC) and the National Investment Group (NIG), marking a significant step forward for Ethiopia’s aviation industry. The USD 110 million deal paves the way for the manufacturing of aircraft components at Kilinto Industrial Park. IPDC CEO Akililu Tadesse hailed the agreement as a turning …

Kilinto Industrial Park to Manufacture Aircraft Component Read More »

China remains Ethiopia’s top foreign investor, surpassing USD 5 billion in investments last year. Dr. Yang Yihang, a senior Chinese diplomat, revealed nearly 2,000 Chinese projects are underway, creating 65,000 jobs. Over 500 Chinese firms operate in Ethiopia, introducing 223 new products in 2023 alone. As agreed by their leaders, the upgraded “all-weather cooperation” between …

China’s Investment in Ethiopia Surpasses USD Five Billion Read More »

Ethiopia’s Livestock Development Institute (LDI) is witnessing a positive trend in livestock exports, generating approximately USD 74 million in revenue over the past 10 months. This figure, though 65% of the initial target, reflects progress towards the institute’s goal of USD 140 million by year’s end. The success is attributed to LDI’s focus on research, …

Ethiopia’s Livestock Exports Reach USD 74 Million Read More »

The Ethiopia-Türkiye trade and investment forum has started in Istanbul today, bringing together Ethiopian and Turkish entrepreneurs, traders, and government officials. The event aims to showcase investment prospects and market opportunities within Ethiopia, underscoring the nation’s commitment to fostering economic growth and international partnerships. With a focus on enhancing bilateral trade relations between Ethiopia and …

Ethiopia-Türkiye Trade And Investment Forum Kicks Off In Istanbul Read More »

The Ethiopia-Pakistan Business Consultation Forum was kicked off early this morning in Addis Ababa by State Minister for Foreign Affairs, Ambassador Birtukan Ayano. More than 80 Pakistani businessmen, Ethiopian Minister of Trade and Regional Integration, Gebremeskel Chala, Chief Commissioner of Ethiopian Investment Commission, Ms Hanna Arayasellasie, CEO of Industrial Parks Development Corporation, Mr. Aklilu Taddese, …

Ethiopia-Pakistan Business Forum Kicks Off In Addis Ababa Read More »

A trade and investment delegation from Pakistan arrived in Addis Ababa earlier today. The delegation, comprising 80 Pakistani investors and owners of renowned companies, was welcomed at Bole International Airport by Ambassador Ababi Demessie, Economic Diplomacy Advisor to the State Minister of Foreign Affairs, and Aklilu Tadese, Chief Executive Officer of the Ethiopian Industrial Parks …

Pakistan’s Trade And Investment Delegation Arrived In Addis Ababa Read More »

An investment agreement was signed between the Industrial Parks Development Corporation (IPDC) and the National Investment Group to manufacture airplane spare parts at Kilinto Industrial Park in Ethiopia.  The agreement will allow the National Investment Group to receive 14 hectares of land at Kilinto Industrial Park to manufacture airplane spare parts, ENA reported. The National …

National Investment Group To Manufacture Airplane Spare Parts With $110mln In Ethiopia Read More »

The Ethiopian BRICS National Ministerial Coordinating Committee held its second formal gathering today, according to the Foreign Affairs Ministry. The purpose of this meeting is to evaluate Ethiopia’s participation in the BRICS alliance and chart a course for future endeavors. The committee chairperson and Ethiopia’s designated BRICS representative, Mamo Esmelealem Mihiretu underscored the significance of …

Ethiopia’s BRICS National Ministerial Coordinating Committee Convenes Second Meeting Read More »

The Embassy of the Federal Democratic Republic of Ethiopia, in collaboration with the Belarussian Chamber of Commerce and Industry, organized a Business Forum in Minsk on 23 May 2024. The Forum attracted more than fifty-five companies and business enterprises in the Agriculture, Manufacturing, pharmaceutical, and IT sectors. Ethiopia’s numerous trade, investment, and tourism opportunities as …

Belarusian Business Community Briefed On Investment Opportunities In Ethiopia Read More »

The Ethiopian Civil Aviation Authority has approved local private operators to operate regular passenger and cargo flight services. The authorization is said crucial in encouraging more investors to enter the sector and enable the air transportation industry to contribute to the overall development of the country. The existing regular domestic flights connect regions mainly with …

Private Operators Approved To Operate Regular Passenger And Cargo Flight Services Read More »