bussines news

The new Ethiopian industry policy has been giving priority to the local manufacturers, Industry Minister Melaku Alebel said. The special attention given to the manufacturing industry through the Home-grown Economic Reform and the 10-year Perspective Development Plan have been contributing to the overall improvement of the sector, the minister said. Melaku added that the government …

Ethiopia’s New Policy Prioritizes Local Manufacturers, Says Industry Minister Read More »

Nigeria-based Riverside LNG said it’s in talks to supply gas to South Africa, in what would be the first such deal between the two countries, Bloomberg reports. According to the report, the company earlier this year signed a gas-export partnership agreement with Johannes Schuetze Energy Import AG of Germany and is now looking for deals …

Nigeria Nearing First-Ever Deal To Supply Gas To South Africa Read More »

Industrial Parks Development Corporation (IPDC) disclosed that it is providing a One-Stop-Service to investors engaged in the various parks across Ethiopia in collaboration with relevant government agencies. The One-Stop-Service (OSS) is a vital initiative in Ethiopian industrial parks that aims to simplify and streamline the process for investors and businesses. IPDC administers the One-Stop-Service in …

IPDC Providing One-Stop-Service to Investors Engaged in Parks Across Ethiopia Read More »

 Ethiopia is aggressively working to finalize its accession to the World Trade Organization (WTO) in the coming three years, Minister of Trade and Regional Integration, Gebremeskel Chala remarked. The National Committee on the WTO membership negotiations and the African Continental Free Trade Area (AfCFTA) held its meeting today in Addis Ababa. The Committee was established …

Ethiopia Working Aggressively To Finalize Its Accession To WTO, Implement AfCFTA Read More »

 A delegation from the National Bank of Ethiopia, including the Vice Governor, Senior Advisors, and Directors, along with the CEO of the Ethiopian Securities Exchange (ESX) embarked on a key visit to China’s cities of Beijing, Shanghai, and Shenzhen. The delegates’ trip to the Asian country aims to study China’s journey in financial sector liberalization, …

NBE, Central Bank Of China Discuss Potential Technical Cooperation Read More »

BitCluster launches a 120 MW data center in Ethiopia. The facility with an area of 30 thousand square meters is located in Addis Ababa, the capital of Ethiopia, on the territory of the Kilinto high-voltage substation. The commissioning of the new data center will take place in January 2024. Transformers are currently being connected. The …

NEW BWP data center in ethiopia Read More »

The Commercial Bank of Ethiopia (CBE) confirmed that it has collected more than 100 billion birr in deposit accounts through CBE Noor banking services in the last 10 years. The Bank celebrated the 10th anniversary of the start of interest free banking service (CBE Noor) in Jimma city. According to Nuri Hussain, Vice President of …

CBE Collects Over 100bn Birr In Deposit Accounts Through CBE Noor Service Read More »

The Ethiopian Health Minister, Dr. Lia Tadesse received at her office the Russian delegation led by the Head of the Federal Agency for Minerals Resources of the Russian Federation, Evgeny Petrov (PhD). The two sides discussed, among others, the 100 years of service being offered by the Dejazmach Balcha Hospital of the Russian Red Cross …

Health Minister Urges Russian Companies To Invest In Ethiopia’s Pharmaceutical Sector Read More »

The Russian Investment Group, which consists of 17 huge manufacturing companies, has announced its decision to invest in Ethiopia’s industrial parks. The Russian investment group, also known as AGROGROUPINVEST, has an investment capital of more than 10 billion rubles. Industrial Parks Development Corporation CEO, Aklilu Tadesse, received the Director of the Investment Group and his …

Russia’s Agroinvest Group To Engage In Ethiopia’s Industrial Parks Read More »