Addis Ababa, May 30, 2024 (FBC) – Ethiopian Investment Commission (EIC) and Pakistan’s Sialkot Chamber of Commerce and Industry have signed a Memorandum of Understanding for the latter to produce export-standard sports apparel in Ethiopia. It is noted that this move is aimed at strengthening the economic ties between Ethiopia […]
Monthly Archives: May 2024
50 posts
Addis Ababa, May 30, 2024 (FBC) – The Ethiopian Industrial Parks Development Corporation (IPDC) has announced today that the Chinese company known as Affluence Electric Appliances Manufacturing Plant has completed pre-operational work and is now operational. The company has entered into a contract with the IPDC and has been conducting […]
Addis Ababa, May 29, 2024 (FBC) – Given Ethiopia’s substantial potential mineral resources, Pakistani trade and investment delegation members have expressed their readiness to develop connections and engage in the sector. The business and investment delegates’ comments were made during a visit to the Ministry of Mines and a meeting […]
Addis Ababa, May 28, 2024 (FBC) – Ethiopia received 3 billion USD in Foreign Direct Investment (FDI) in the first 10 months of the current fiscal year, Ethiopian Investment Commission remarked. Chief Commissioner of the Ethiopian Investment Commission (EIC) Ms. Hanna Arayasellasie said the commission has planned to attract 3.5 […]
Addis Ababa, May 28, 2024 (FBC) – The Ethiopia-Turkiye Business and Investment Forum was held on May 27 at MÜSİAD Headquarters in Istanbul with the presence of TR Deputy Minister of Commerce Mustafa Tuzcu and State Minister of Foreign Affairs of Ethiopia Ambassador Misganu Arega. At the forum, a business […]
Addis Ababa, May 28, 2024 (FBC) – The visiting business delegation of Pakistan to Ethiopia has toured the Bole Lemi Industrial Park in the capital, Addis Ababa. Ethiopian Ambassador to Pakistan, Jemal Beker accompanied the business delegation. CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), Aklilu Tadesse, received the […]
Addis Ababa, May 27, 2024 (FBC) – The Ethiopia-Türkiye trade and investment forum was held in Istanbul on May 27, bringing together Ethiopian and Turkish entrepreneurs, traders, and government officials. The event aims to showcase investment prospects and market opportunities within Ethiopia, underscoring the nation’s commitment to fostering economic growth […]
Addis Ababa, May 27, 2024 (FBC) – The Ethiopia-Pakistan Business Consultation Forum held in Addis Ababa today under the motto “connecting historic countries through trade and investment”. The event was opened by State Minister for Foreign Affairs, Ambassador Birtukan Ayano. More than 80 Pakistani businessmen, Ethiopian Minister of Trade and […]
Addis Ababa, May 26, 2024 (FBC) – A trade and investment delegation from Pakistan arrived in Addis Ababa earlier today.. The delegation, comprising 80 Pakistani investors and owners of renowned companies, was welcomed at Bole International Airport by Ambassador Ababi Demessie, Economic Diplomacy Advisor to the State Minister of Foreign […]
Addis Ababa, May 24, 2024 (FBC) – An investment agreement signed between the Industrial Parks Development Corporation (IPDC) and National Investment Group to manufacture airplane spare parts at Kilinto Industrial Park in Ethiopia. The agreement will allow the National Investment Group to receive 14 hectares of land at Kilinto Industrial […]
In a bid to avert the impacts of fluctuations in international trade, Ethiopia has introduced a newly amended export incentive policy, overhauling incentive scheme provisions for value addition in export commodities. The ‘Export Trade Duty Incentive Schemes Amendment Proclamation’ tabled to Parliament this week looks to replace legislation first ratified […]
The federal government’s long wait for a financial package from the International Monetary Fund (IMF) continues as virtual and in-person negotiations have yet to bear fruit. Julie Kozack, IMF communications head, stated on Thursday that engagements with Ethiopian authorities are progressing but did not mention how close negotiations were to […]