News

The Ethiopian Enterprise Development (EED) released its performance report for the nine months of the 2023/24 fiscal year. The report highlights achievements in export generation, import substitution, and job creation within the manufacturing sector. Manufacturing enterprises exported a total of 14,190 tons of products, generating USD 24.51 million in foreign currency revenue. This represents a …

Ethiopian Enterprise Development Reports Progress in the Manufacturing Sector Read More »

The Addis Ababa Investment Commission (AAIC) announced progress in attracting new businesses to the capital. Over the past nine months, the AAIC issued new investment licenses to 1,921 investors, exceeding 76% of its target for the fiscal year. These investors represent a variety of sectors, including construction, urban agriculture, manufacturing, and services. The AAIC also …

Addis Ababa Investment Commission Reports Strong Investor Growth Read More »

The Ethiopian Ministry of Water and Energy signed a memorandum of understanding (MOU) with Ethio Engineering Group and APIMOSO, a Czech Republic-based company. The agreement focuses on the import, assembly, and local manufacturing of water filtration machines. The MOU signing ceremony was attended by Dr. Habtamu Itefa, Minister of Water and Energy, Ambassador Suleiman Dedefo, …

Ministry of Water and Energy Partners for Water Filtration Technology Read More »

Ambassador of Ethiopia to Pakistan, Jemal Beker, held discussions with representatives of chambers of trade and industry and company representatives of various cities. Ambassador Jemal presided over an Ethiopia-Pakistan Business Forum in Sialkot City where he had discussions with business people and industrialists who have shown interest in exploring investment opportunities in Ethiopia. The Ambassador …

Pakistani Business Delegation to Make 2nd Pre-Investment Visit to Ethiopia Next Month Read More »

CEO calls for better regulation in telecoms, fintech Safaricom Telecommunications Ethiopia has ambitious plans to triple its telecom tower network over the coming three years, set to invest more than USD 1.5 billion to extend its coverage across the country despite the obstacles posed by security concerns. The company currently operates a network of 2,500 …

Safaricom Ethiopia out to triple network coverage in three years Read More »

The African Leadership Excellence Academy (AFLEX) and China’s Academy for International Business Officials (AIBO) signed a Memorandum of Understanding (MoU). AFLEX President Zadig Abraha and AIBO President Sun Zhonghe signed the agreement. The agreement which is expected to quickly take effect after the signing paves the way for increased collaboration in leadership development and enables …

Ethiopian, and Chinese Academic Institutions Sign MoU to Collaborate Read More »

Ethio-Djibouti Railway (EDR) disclosed that it has earned close to 3 billion Birr in revenue in the first nine months of the current Ethiopian fiscal year. Approached by the Ethiopian News Agency, the CEO of Ethio-Djibouti Railway, Abdi Zenebe revealed that the income has a 67 million Birr increase compared to the same period last …

Revenue of Ethio-Djibouti Railway Surpasses Target Set for Nine Months  Read More »

Chinese investments have significantly contributed to the advancement of Ethiopia’s manufacturing sector, and industry stakeholders are keen to assist Chinese investors looking to enter the East African country, said Aklilu Tadesse, CEO of the Ethiopian Industrial Parks Development Corporation (IPDC). Chinese investors currently represent the largest group of foreign investors in industrial parks managed by …

Ethiopia Keen On Enhancing Cooperation With China In Manufacturing Sector: IPDC Read More »

 Deputy Commissioner of Ethiopian Investment Commission (EIC), Zeleke Temesgen, engaged in discussions with a delegation from the Chinese Academy of International Business Officials (AIBO), led by Mr. Zhai Junfeng, Vice Director of AIBO, regarding potential areas of collaboration. During the discussion, the delegation expressed a strong interest in enhancing EIC’s capacity-building programs, facilitating joint investment …

EIC, China’s AIBO Discuss Potential Areas Of Collaboration Read More »

The Documents Authentication and Registration Service (DARS) generated Birr 1.8 billion in revenue during the past nine months while serving 1,237,329 customers. The revenue comes from stamp duties and service charges levied on a vast clientele base. The service examined over 715,500 contracts with an average daily client count of 6,400. The authority also confiscated …

Documents Authentication and Registration Service Serves 1.2 Million Customers in Nine Months Read More »