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Ethiopia emerges as a highly favorable investment destination for those interested in the tourism sector, according to the Ethiopian Investment Commission (EIC). The commission highlights that Ethiopia presents a range of investment prospects, encompassing the construction of tourism infrastructure such as hotels, resorts, convention centers, duty-free centers, cultural villages, and centers, as well as the …

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The Addis Ababa Chamber of Commerce and Sectoral Association (AACCSA) has organized a consultative panel discussion focused on how to foster the participation of the private sector in the African Continental Free Trade Area (AfCFTA). In her opening remarks, President of the AACCSA Mesenbet Shenkutie underscored the role of AfCFTA in building Ethiopia’s trade capacity …

Private Sector Urged To Contribute To The Successful Implementation Of AfCFTA Read More »

The second edition of the “Let Ethiopia Produce” (ETHIOPIA TAMRIT) expo will be held from May 9-13, 2024 at the Millennium Hall, in Addis Ababa. “Let Ethiopia Produce” is a national manufacturing industry movement that was launched two years ago by Prime Minister Abiy Ahmed to boosting the competitiveness of the sector by solving the …

Ethiopia Tamirt Expo Expected to Generate Over 3 Billion Birr in Market Linkages Read More »

Ethiopian Coffee and Tea Authority reported strong coffee production and export figures for the first nine months of the 2016 fiscal year. Over 174,596 tons of coffee were exported, generating revenue of USD 835,230,000. Deputy Director General, Mr. Shafi Umer, highlighted this as an improvement over previous years, crediting reforms aimed at boosting coffee income. …

Ethiopia’s Coffee Exports Reach USD 835 Million in Nine Months Read More »

Ethiopian Commodity Exchange (ECX) announced plans to expand its offerings beyond agricultural products to include industrial inputs. Dawit Mura, Head of Corporate Communication at ECX, revealed the diversification plans after reporting sales of Birr 19.4 billion worth of products within nine months of the fiscal year. Previously focused on agriculture, ECX is now actively exploring …

Ethiopian Commodity Exchange Expands Offerings Read More »

Safaricom Ethiopia announced a hefty investment of USD 1.5 billion to build 5,000 new telecom towers across the country over the next three years. This ambitious plan aims to significantly improve network infrastructure and connectivity for millions of Ethiopians. “We are excited to expand our network footprint and enhance connectivity,” said Wim Vanhelleputte, CEO of …

Safaricom Ethiopia Pours USD 1.5 Billion into Network Expansion, Vows to Bridge Digital Divide Read More »

The Oromia Regional Mineral Development Authority reported significant progress in the mining sector, exceeding USD 213 million in revenue from various mineral exports within the first nine months of the fiscal year. This surge comes alongside a crackdown on illegal mining activities, particularly in the gold sector. Deputy Head of the Authority, Tigist Terfe, highlighted …

Oromia Region Sees Increased Revenue from Minerals Read More »

The second edition of the Big 5 Construct Ethiopia exhibition is set to take place from May 30 to June 1, 2024, at the Millennium Hall in Addis Ababa. This international event focuses on promoting growth and sustainability within the Ethiopian construction industry. Building on the success of the first edition, Big 5 Construct Ethiopia …

Big 5 Construct Ethiopia Returns to Showcase Construction Innovation Read More »

The Ethiopian Embassy in Islamabad announced the second Ethio-Pakistan Business Forum, scheduled for late May in Ethiopia. This forum builds on the success of previous editions, aiming to deepen economic ties between the two nations. The Embassy collaborated with Pakistan’s Islamabad Chamber of Commerce and Industry (ICCI) to recently hold business dialogues. These discussions aimed …

Ethiopia Announces Second Business Forum with Pakistan Read More »

The Oromia Investment and Industry Bureau announced the approval of investment licenses for ventures totaling over Billion 148 billion. These investments are expected to generate job opportunities for more than 509,000 young people in the region. The approved ventures span agriculture, service, and manufacturing industries. The bureau is committed to fostering a business-friendly environment to …

Oromia Approves Billions in Investments Read More »