Addis Ababa, June 26, 2024 (FBC) – A delegation led by Deputy Commissioner of Ethiopian Investment Commission (EIC), Zeleke Temesgen, is participating in the Common Market for Eastern and Southern Africa (COMESA) Investment Forum in Tunis, Tunisia. This year’s Forum is being held from 25th to 28th of June under […]
Monthly Archives: June 2024
40 posts
Addis Ababa, June 26, 2024 (FBC) – The Ethiopian Coffee and Tea Authority disclosed that 7.5 million USD has been earned from the export of 8,400 tons of spices during the last 11 months of current Ethiopian fiscal year. In addition to coffee, the authority has given attention to enhancing […]
Addis Ababa, June 26, 2024 (FBC) – The Ethiopian Embassy in Beijing hosted the Ethiopia-China Business Forum yesterday. During the forum, Ambassador Dewano Kedir, Deputy Head of the Mission at the embassy, delivered a keynote speech highlighting Ethiopia’s investment and trade opportunities. Since the beginning of the China-Africa Partnership in […]
Addis Ababa, June 25, 2024 (FBC) – According to the latest World Investment Report published by the United Nations Conference on Trade and Development (UNCTAD) last week, Ethiopia has emerged as the leading destination for foreign direct investment (FDI) in East Africa. In the vibrant landscape of East Africa, Ethiopia […]
Addis Ababa, June 24, 2024 (FBC) – Ethiopia- China business cooperation promotion conference was held Friday in Addis Ababa with a call to further augment trade and investment ties between the two countries. The conference, which gathered leaders of hundreds of Chinese and Ethiopian enterprises, served as a platform to […]
Foreign Banks Entering Ethiopia’s Banking Sector Ethiopia is in the process of liberalizing its banking sector and allowing foreign banks to operate in the country. This move is aimed at attracting foreign capital, improving competitiveness, and contributing to economic growth Partnership with Local Banks Foreign banks hoping to operate in […]
Addis Ababa, June 21, 2024 (FBC) – Ethiopia and China are holding Trade and Investment Forum in Addis Ababa in participation of government officials and business representatives of both countries. Ethiopian State Minister for Industry, Hassen Mohammed, State Minister for Finance, Semereta Sewasew, Director General of the Middle East, Assia […]
Addis Ababa, June 20, 2024 (FBC) – China’s prominent automotive manufacturer, Foton Motor Group, has expressed a keen interest in participating in the supply of electric vehicles in Ethiopia. This announcement was made following a meeting between Minister of State for Transport and Logistics, Mr. Denge Boru, and a delegation […]
A proclamation has been presented that would allow local financial institutions to form subsidiaries. The draft proclamation for the banking industry also suggests the establishment of specialized financial institutions. The parliament is eagerly awaiting the proclamation that will allow foreign investors to participate in Ethiopia’s banking sector. Banks will be […]
The newly emerged middle class are trailblazers in their own nations and represent, on a massive scale, agents of global economic transformation. Their effect on the global economy is already starkly apparent in the seismic shift in global economic gravity over the past few decades. Due to a myriad of factors, […]
Urgent call for UN reform to revive stalled progress on SDG’s The latest Sustainable Development Report, released on June 13, paints a concerning picture for Ethiopia’s progress on the UN’s Sustainable Development Goals (SDGs). The East African nation ranked 145th out of 167 countries in the 2024 SDG Index, underscoring […]
Officials at the Ministry of Finance have introduced a new excise stamp management directive in a bid to combat illicit trade and enhance tax collection. The directive mandates the use of digital or physical excise stamps on a range of goods, including alcoholic beverages, tobacco products, and bottled water, as […]