bussines news

Addis Ababa, September 18, 2023 – Ethiopia’s export trade has recorded an average growth of 7% in the last 4 years, the Ministry of Planning and Development (MoPD) has stated. Stating that the agriculture sector takes the highest share among export trade areas, the Ministry revealed that coffee, oilseeds, flowers, and chaat are the major …

Export Trade Recorded Average Growth Of 7% In The Past 4 Years In Ethiopia Read More »

Ethiopia will host the 20th African Fine Coffees Conference and Exhibition and the first African Coffee Week from February 5th to 9th, 2024 in Addis Ababa. The conference and African Coffee Week are organized by 3 African organizations, it was learned. Briefing the media, Ethiopian Coffee and Tea Authority Deputy Director-General Shafi Umer said coffee …

Ethiopia To Host First African Coffee Week, 20th African Fine Coffee Conference Read More »

The Group 77+ China Summit aimed at ensuring technology works for all humanity and accelerating Sustainable Development was concluded on Saturday. Deputy Prime Minister and Foreign Minister Demeke Mekonnen participated at the Heads of State and Government Summit of the Group of 77 + China that took place in Cuba from 15 to 16 September …

The 2023 G77+China Summit Concludes Read More »

Ethiopian Investment Commission (EIC) reassured commitment to providing necessary support to strengthen Chinese investments in Ethiopia. The commitment was reaffirmed during a discussion between the Deputy Commissioner of the Ethiopian Investment Commission (EIC) Mr. Daniel Terresa and the Vice President of the China-Africa Development Fund (CADFund), Mr. Lou Wenjian. According to EIC, the meeting focused …

EIC Reiterates Commitment To Supporting Chinese Investments In Ethiopia Read More »

The National Bank of Ethiopia has enacted the Offshore Account Opening and Operations for Strategic Foreign Direct Investment (FDI) Projects directive to allow certain strategic investment projects preferential treatment to Open Offshore accounts, to provide convertibility guarantees, and to benefit from an increased debt-to-equity ratio. The preferential treatment will only extend to eligible PPP investments …

NBE gives the go-ahead for strategic FDI’s to open offshore accounts Read More »

Ethiopia is actively participating in the International Specialty Coffee Fair taking place in Doha, Qatar. The event spans three days, including today. Faisal Ali, Ethiopia’s Special Envoy, and Ambassador Plenipotentiary to Qatar, expressed the significance of the fair as a valuable platform for direct connections between coffee producers and buyers. He highlighted the opportunity for …

Ethiopia Participates in Qatar’s Coffee Expo Read More »

The winners of the 30th Nation’s Bank of the Year 2023 have been revealed by Global Finance.For the second year in a row, Awash Bank has been named the most outstanding bank in Ethiopia. The prize will be presented to Awash Bank at the World Bank General Assembly on October 14/2023 in Karachi, Morocco. Source: …

Global Finance has announced the winners of the 30th Nation’s Bank of the year 2023 Read More »

China wants to further strengthen its relations with the African Union, said Hu Changchun, Ambassador of the Chinese Mission to the African Union. The 60th anniversary of the Organization of African Unity and the African Union Day was celebrated under the auspices of the Chinese Mission to the African Union. According to Hu Changchun, Ambassador …

«China wants to strengthen its relations with the African Union» Ambassador Hu Changchun, Chinese Mission to the African Union Read More »