bussines news

An Indian-based Nirvana processing Company is finalizing preparations to commence the Agro-food processing at Bahir Dar Industrial Park in Ethiopia with an investment capital of 5 million USD. The government of Ethiopia has been encouraging both domestic and foreign investors to engage in the manufacturing and agro-processing sector by expanding industrial parks across the nation …

Indian Firm Set to Start Agro-Processing with 5 Mil USD Investment Capital in Ethiopia Read More »

Ethiopian Embassy in Beijing held discussion with China Africa Economic and Trade working Committee which is arranging pre-investment tour for several Chinese companies that have shown interest to utilize investment opportunities in Ethiopia. A delegation to make a pre-investment visit to Ethiopia includes representatives of companies engaged in health, mining, energy and education sectors. As …

Chinese Mining, Energy Companies Preparing To Invest In Ethiopia Read More »

The Netherlands Development Cooperation (SNV) is eager to continue supporting the expansion of biogas development programs in Ethiopia, SNV Biogas Dissemination Scale-Up Programme team leader Carlos Bueso told ENA. The team leader noted that this technology is a priority for the Government of Ethiopia which has planned to install 160,000 biodigesters by 2030 with the …

Netherlands Dev’t Cooperation Keen to Continue Supporting Expansion of Biogas in Ethiopia  Read More »

Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in partnership with the German Agency for International Cooperation (GIZ) has unveiled a project tailored to capacitate some 1,000 private companies in the manufacturing industry. The beneficiary companies are operating in Oromia, Amhara, and Sidama regions. The project is said to enhance the capacity of the council …

ECCSA, GIZ Unveil A Project To Back Private Companies In The Manufacturing Industry Read More »

China has announced that it will become the first country to have over 4 million domestic patents by the end of 2023. This follows an annual increase of 22% and 4%, making it the first country in the world to have achieved this, according to the country’s National Intellectual Property Administration. The deputy head of …

China has become the first country to have over 4 million domestic patents by the end of 2023. Read More »

Huawei Ethiopia, in collaboration with Ethio Telecom and the Ministry of Urban and Infrastructure, held a summit that focused on broadband development, Fiber to the Home, Huawei Ethiopia said in a press statement sent to FBC. Mr. Fenta Dejen, the Minister of State for Urban and Infrastructure, acknowledges a global transformation driven by advanced technologies …

Ethio Telecom-Huawei Broadband Dev’t Summit Held Read More »

Industrial Parks Development Corporation (IPDC), has signed an agreement with 11 local and foreign companies that have shown interest in investing in industrial parks across Ethiopia. CEO of the IPDC, Aklilu Tadesse, has signed the agreement with representatives of the respected companies. According to the agreement, the companies will engage in production activities in parks …

Industrial Parks Dev’t Corporation Inks Agreement With 11 Local And Foreign Companies Read More »

Industrial Parks Development Corporation has signed a contract with investors who have registered an investment of more than 100 million US dollars. According to the information obtained by the corporation, the contract signing ceremony is taking place between the CEO of Industrial Parks Development Corporation Mr. Aklilu Tadese and the investors.

Ethiopia has prepared a logistics master plan intending to transform and build a strong logistics system. A half-day validation workshop on Ethiopia’s Logistics Masterplan Phase I Diagnostic was held today. Speaking at the workshop, hosted by Ethiopian Maritime Authority, State Minister of Transport and Logistics, Denge Boru said logistics is the backbone of all economic …

Nation Prepares Logistics Master Plan To Transform Sector Read More »

Ministry of Urban and Infrastructure and the Korean Wavus Jv Company have signed a contract agreement for the establishment of a Land Information Management System in cities of 4 regional states. Speaking during the contract signing ceremony, Urban and Infrastructure Minister Chaltu Sani said the main aim of the agreement is to bring about change …

Korean Company to Establish Land Information Management System in 4 Cities Read More »