bussines news

Ethiopia’s ambassador, Eskindir Yirga, met with Mr. Urs Unkauf, the Federal Managing Director at the Federal Association for Economic Development and Foreign Trade (BWA) of Germany. The discussions between the two sides focused on strengthening the collaboration between the Embassy and BWA in promoting Ethiopia’s economic potential to German Businesses. BWA Global Economic Network is …

Embassy, BWA discuss ways to attract German businesses to Ethiopia Read More »

Ethiopian industrial parks have become a focal point for Chinese investors, as highlighted by Yang Yihang, Economic and Commerce Minister Counselor at the Chinese Embassy in Addis Ababa. In a meeting with Fiseha Yitagesu, CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), discussions centered around enhancing direct investments from China into the country’s industrial …

Ethiopian industrial parks emerge as key investment destinations for Chinese investors Read More »

The Ethio-China Friendship and Cooperation Committee has vowed to work on various initiatives, including promoting Ethiopia’s coffee on the global stage, according to the Ministry of Foreign Affairs. State Minister of Foreign Affairs, Ambassador Mesganu Arga, held discussions with senior members of the Ethio-China Friendship and Cooperation Committee. Betty Xu, Chairperson of the Ethio-China Friendship …

Ethio-China Friendship and Cooperation Committee Pledges to Promote Ethiopia’s Coffee Globally   Read More »

Indian Ambassador to Ethiopia, Anil Kumar Rai expressed India’s keen interest in boosting economic cooperation with Ethiopia, particularly in the mining, construction, and infrastructure sectors. Speaking to ENA, the ambassador reaffirmed India’s longstanding partnership with Ethiopia, emphasizing a shared commitment to development and economic cooperation between the two countries. India is one of its old …

India Eager to Boost Cooperation with Ethiopia in Mining, Construction & Infrastructure Sectors Read More »

Ethiopia has launched a National Coffee Stakeholder Engagement Platform to properly utilize the resources of the sector by addressing the existing challenges. Speaking during the occasion, Ethiopian Coffee and Tea Authority Director-General Adugna Debela said the platform will have immense importance in addressing challenges in the sector and utilizing opportunities effectively. According to him, the …

Ethiopia Launches National Coffee Stakeholder Engagement Platform Read More »

Ethiopian Investment Commissioner Zeleke Temesgen underscored that Ethiopia’s vast potential for companies in the textiles and garments industry has been steadily growing. The Global Linen Textile Forum 2024 held in Addis Ababa today organized by the Ethiopian Investment Commission and key partners brought together participants from 15 countries. Co-hosted by Kingdom (Ethiopia) Linen PLC, Kingdom …

Ethiopia’s Emerging Textile Industry Offering Numerous Opportunities for Global Investors Read More »

The Benishangul Gumuz Regional State has achieved a milestone in gold production, depositing 548 kilograms of gold into the National Bank of Ethiopia (NBE) in the first quarter of this fiscal year. This figure not only exceeds the region’s quarterly target of 413 kilograms but also doubles last year’s total annual deposit of 274 kilograms. …

Benishangul Gumuz Deposits 548kg of Gold into National Bank in Three Months Read More »

The Korangi Association of Trade and Industry (KATI) on Wednesday showed keen interest in visiting the Federal Democratic Republic of Ethiopia (FDRE) to explore business, trade, and investment opportunities in diverse sectors of its growing economy, the Ethiopian Embassy in Islamabad confirmed in a press note sent to Fana Broadcasting Corporate. The trade and industrials …

Korangi’s traders and industrialists express keen interest to explore Ethiopian market Read More »

Glocare Pharma Manufacturing PLC, an Indian pharmaceutical firm, has revealed that it is looking to expand its operations by $3 million within Qilinto Industrial Park, on the outskirts of Addis Ababa. Glocare Pharma’s desire was revealed during a meeting between the CEO of the Industrial Parks Development Corporation of Ethiopia (IPDC), Mr. Fiseha Yitagesu, and …

Glocare Pharma to expand operations with $3M investment in Qilinto Industrial Park Read More »

The Minister of Trade and Regional Integration underscored that Ethiopia has been reinforcing concrete policy measures in export diversification to enhance the competitiveness and quality of agricultural products in the global market. Ethiopia has been hosting the 13th International Conference on Pulses and Oilseeds since November 19. This is the largest event in Eastern and …

Ethiopia pursuing concrete policy measures in agricultural export diversification Read More »