Bole Medhanealem,
In front of Kebe Cake Rehobot Apartment Building 1st Floor
Addis Ababa, Ethiopia
P.O.Box 25378/1000
The performance of the financial sector in Ethiopia has been showing positive growth over the past six months, Prime Minister Abiy Ahmed stated.
its drive to reinforce commitment and partnership with stakeholders, the Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, will convene the 3rd edition of its Country and Stakeholder Symposium on the 4th of April 2023.
International Monetary Fund says its team is conducting technical work in Addis Ababa in preparation for a potential IMF-supported program for Ethiopia.
The entry of foreign banks with immense capital is a catalyst to the success of the second Homegrown Economic Reform (HGER) that aims to enhance economic dynamism, experts in the area said.
Following the peace agreement, Ethiopia’s Foreign Direct Investment (FDI) flows have been steadily increasing , the Ministry of Finance (MoF) said.
Dire Dawa Free Trade Zone, the first of its kind in Ethiopia, has become promising in boosting Ethiopia’s economy, investment and regional economic integration, GCS so disclosed
Ministry of Industry has Launched 'ETHIOPIA TAMRIT' EXpo 2023 which will be held from May 6 -May 10 in Addis Ababa at the Millennium Hall with a view to widening the market destinations of Ethiopian manufacturing products across the global.
The government is committed to support and encourage textile investment activities in Ethiopia, State Minister of Finance Semereta Sewasew said.
Having the International Financial Reporting Standards (IFRS) Compliant Financial Statement Would Be Beneficial To Participate In The Capital Market, A According To The Ethiopian Capital Market Authority (ECMA).
Africa’s GDP will expand by 3.9 percent in 2023, up from 3.6 percent in 2022 according to projections made by the United Nations Economic Commission for Africa (UNECA).
Invest Ethiopia 2023, the leading investment conference in Ethiopia, is scheduled to be held at the Skylight Hotel in Addis Ababa from April 26th to April 28th. The event, organized by the Ethiopian Investment Commission (EIC), will bring together government officials, policymakers, and investors to discuss investment opportunities in Ethiopia and explore partnership opportunities.
The United Nations Economic Commission for Africa (ECA) stated that it is cooperating with Ethiopia in many ways and especially supporting the country to diversify its rich tourism sector.
Practical and innovative ways to accelerate inclusive economic transformation in Africa took center stage in a session to review progress and set a new agenda in the implementation of the Doha and Vienna programme of action in Africa at the expert’s segment of the 55th Conference of African Ministers of Finance, Planning & Economic Development.
Ethiopian seven-month coffee export earnings showed an increase but failed to hit the target for the period, according to a sector regulator.
The Ethiopia Investment Commission (EIC) revealed a plan to attract six billion USD from foreign direct investment (FDI) in the current fiscal year whilst attention is given to export-oriented manufacturing industries.
African economies remain resilient with a stable outlook in 2023-2024, despite the tightening global financial conditions, the African Development Bank has projected in a new report.
A business delegation consisting of more than 80 Pakistani investors is to visit Ethiopia starting from next Sunday to explore business and investment opportunities.
Iran's Ambassador to Ethiopia Samad Ali Lakizadeh said there are a lot of untapped trade and economic opportunities between the two countries.
More than two dozen companies have submitted an expression of interest (EoI) to participate in the ongoing privatization of Ethiopian Sugar Enterprises, authorities announced on Friday.
Ethiopian ministers on Friday discussed a possible joint venture with the Hungary-based Equilibrium Capital to invest in the energy sector.
Public enterprises have been playing a leading role in Ethiopia’s economic growth and acquiring over one trillion Birr in total assets, Public Enterprises Holding and Administration Agency (PEHAA) announced.
The Ethiopian Investment Commission (EIC) has become an official member of the World Association of Investment Promotion Agencies (WAIPA).
The Ethiopian delegation met with key Chinese financial institutions and creditors during the recent official visit to Beijing
Gebeya Inc., a Pan-African Talent Marketplace headquartered in Addis Ababa, and the Mastercard Foundation have announced a new program dubbed ‘Mesirat‘, or ‘to work’ in Amharic, in a bid to equip 100 Ethiopian entrepreneurs with their own multi-sided gig marketplaces.
The Ethiopian Investment Commission and East African Holding have reached an agreement on an industrial park which will be built by East African in Bishoftu. The parties signed the agreement on February 24, 2023.
National Bank of Ethiopia (NBE) Governor Mamo Mihretu met with the Director General of the People’s Bank of China, Jin Zhongxia, on Thursday to discuss bilateral relations.
Addis Ababa /ENA/ February 24/2023 The African Development Bank (AfDB) has operations, largely in the energy, transport, water and sanitation, and infrastructure, worth about 1.3 billion USD in Ethiopia, African Development Bank Group President Adesina said.
Debre Birhan city announced that it was working to enable 24 industries start production within the second half of the current fiscal year. The city made the same announcement in November last year.
Ethiopian Capital Market Authority (ECMA) announced that it was finalizing preparations to launch the Ethiopian Capital Market. The Authority has already issued 8 draft regulations and directives on the capital market for public consultation. It is also drafting other directives which will be enacted in the near future.
Addis Ababa (ENA) February 23/2023 The continental free trade area framework is an opportunity that would fundamentally transform the African coffee commodity market.
The Ethiopian Investment Commission announced that it has secured 2 billion USD Foreign Direct Investments (FDI) over the past six months of this Ethiopian fiscal year.
A delegation of the Ethiopian Investment Commission (EIC) made an official visit to Pakistan to promote opportunities as the two countries take steps to boost their trade and economic ties.
Chinese Zero-Tariff preferential treatment for 98 percent of Ethiopian export items will take effect as of March 1 this year. China sees tangible benefit for Ethiopia from its new program.
Acting Executive Secretary of the Economic Commission for Africa (ECA), Antonio Pedro, has urged African nations to accelerate implementation of the African Continental Free Trade Area (AfCFTA) in order to become more resilient and globally competitive.
Oromia bank started the construction a Center of Excellence and convention center for banking students and experts alike.
Trade between China and Africa reached an all-time high of 282 billion dollars this year, as the modern China-Africa relationship nears 70 years old. The figure reflects a rise of 11pc from the previous year, which was also a record back then.
The Oromia Public Enterprise is edging closer to bagging Ayka Addis Textile Factory for 1.82 billion Br. The factory, 20Km west of Addis Abeba, in Alemgena, Oromia Regional State, has been idle under the management of the Development Bank of Ethiopia (DBE) from late 2018 following the default of two billion Birr loans taken before it started operations.
The Ministry of Industry (MoI) announced that it would enable 179 manufacturing companies that stopped working due to various problems to go back to business in the coming six months. Bank debts, shortage of inputs, and inability to meet tax obligations are some of the problems that drove the companies out of market.
The Industrial Parks Development Corporation (IPDC) inked memorandums of understanding with 8 manufacturing companies and four finance institutions which were ready to enter the Dire Dawa Free Trade Zone
The Ethiopia Capital Market Authority (ECMA) which was established in June 2022 is working to launch the Ethiopian Capital Market in two years. The regulatory framework for the capital market came into picture in 2021 when the National Bank of Ethiopia (NBE) issued the Capital Markets Proclamation No. 1248/2021.
The organizer of the “Invest Origins 2023” forum, which aims to promote Ethiopia’s prevailing investment opportunities for domestic and foreign investors, expressed the aim to utilize the session to accelerate the country’s global outreach.
ADDIS ABABA – Abdurehman Eid Tahir has been appointed to lead the government’s investment arm Ethiopian Investment Holdings (EHI).
ADDIS ABABA – The government of Ethiopia has obtained over 225 billion Birr in tax and related revenues in the past six months, the sector’s top official disclosed on Wednesday.
Addis Ababa (ENA) January 30/2023 The Council of Ministers, in the presence of Prime Minister Abiy Ahmed have begun evaluating performance, reviewing achievements against plans activities performed over the past six months.
The federal government has planned to end protection over the domestic aviation sector and allow foreign investors to participate, according to the draft document of the second Homegrown Economic Reform.
The 55th Session of the Economic Commission for Africa (ECA) Conference of African Ministers of Finance, Planning and Economic Development (CoM2023) is set to be held in Addis Ababa, Ethiopia.
On Tuesday, 17 January 2023 the delegation led by Arif Habib Group of Companies Chief Executive Officer (CEO) Muhammad Kashif met with Commissioner of Ethiopian Investment Commission (EIC) H.E Enginer Lelise Neme
Ethiopian Investment Commission and Dubai International Chamber of Commerce Agree to Promote Ethiopia Together
The Government of Ethiopia says it is working to attract institutional investors from the United Arab Emirates (UAE) to explore investment opportunities in the east African country with about 120 million population.
Special Economic Zone that is half the size of Addis Abeba and six folds Adama town is under construction with over .....
Ethiopost managers have upheld the responsibility of acquiring an e-commerce software application underlining the...
Foreign companies can operate in the national payment systems as Parliamentarians voted to revise the law enacted for th...
In his recent question-time with members of Parliament, Prime Minister Abiy Ahmed (PhD) painted a rosy picture of the economy that staggered even his ardent supporters. The Prime Minister claimed Ethiopia's economic pie grew to 127.6 billion dollars