Thursday, July 27, 2017

Doing Business in Ethiopia

Ethiopia is the 27th largest country in the world by land size and given its diverse topography and geographical location, it is suitable for the production of some of the world’s most coveted food crops – cereals, pulses, oil seeds, a wide range of fruits and vegetables, coffee, tobacco, sugar cane, tea and spices, among others.

Business

Airlines losing traffic to Ethiopia on price, connectivity

International and domestic airlines operating in Nigeria are gradually losing passenger traffic to Ethiopian Airlines over the East African carrier's relatively cheaper fares, easy connectivity and most recently, concerted efforts by the country at...
Ethiopia seeks Indian investment in textile industry

Ethiopia seeks Indian investment in textile industry

Ethiopia, one of the fastest growing countries of Africa, is seeking India's investment in its textiles industry. For this, a workshop on the investment opportunities in Ethiopian textiles will be held on July 21,...
Coffee Value Chain Reform Continues in Ethiopia

Coffee Value Chain Reform Continues in Ethiopia

Following an order from the Office of the Prime Minister, the Ethiopian Coffee & Tea Development & Marketing Authority has finalized a first draft regulation to establish a Coffee & Tea Research Institute, which...

Ethiopia Pharmaceutical Industrial Park in the pipeline

The pharmaceutical industrial park under construction at Kilento site in Addis Ababa is deemed to add value to the effort being exerted in transform the health sector. The specialized industrial park, expected to be completed...
Chinese, South Korean, Indian apparel makers landing in Ethiopia

Chinese, South Korean, Indian apparel makers landing in Ethiopia

Ethiopia is fast developing into a dynamic apparel-sourcing hub as low labor costs lure international clothing makers to the African nation. Manufacturers from China, South Korea, India and other countries have opened new plants in...

Turkish investors keen to invest in Ethiopia: Ambassador

Turkish Ambassador to Ethiopia Fatih Ulusoy said more Turkish investors are interested to do business in Ethiopia as the economic cooperation of the two countries is based on mutual benefit. Out of Turkey's six billion...

Ethiopia plans to have 15 industrial parks by June 2018

Ethiopia has planned to increase the number of its industrial parks to 15 by June 2018 as part of its efforts to boost manufacturing and export. Speaking exclusively to Xinhua on Thursday, Arkebe Oqubay Board...
Awash bank leads pack with 1.4 bln birr profit

Awash bank leads pack with 1.4 bln birr profit

Awash Bank, the first private bank that commenced business after the Ethiopian Peoples’ Democratic Front (EPRDF) came to power, has earned a little over 1.4 billion birr gross profit holding its lead among private...
Ethiopia earns record 866 mln USD from coffee export

Ethiopia earns record 866 mln USD from coffee export

Ethiopia has announced a record 866-million-U.S.-dollar earning from coffee export during the just concluded fiscal year. The announcement by the Ethiopian Coffee and Tea Development and Marketing Authority on Wednesday said Ethiopia has secured the...
Kombolcha industrial park inaugurated

Kombolcha industrial park inaugurated

Ethiopia has inaugurated Kombolcha industrial park in a colorful ceremony today. Ethiopian Prime Minister Hailemariam Desalegn on the occasion said the construction of industrial parks play pivotal role in the country's industrial transformation. The Prime Minister...
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Addis Ababa, Ethiopia
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