Addis Ababa, September 4, 2024 (FBC) – Toyo Solar, a subsidiary of Japan’s Toyo Corporation, has expressed its interest in capitalizing on investment opportunities available in Ethiopia’s Industrial Parks, as revealed by the Industrial Parks Development Corporation of Ethiopia (IPDC). This revelation came about during a meeting between IPDC’s CEO, […]
Daily Archives: September 5, 2024
8 posts
Addis Ababa, September 4, 2024 (FBC) – Minister of Finance Mr. Ahmed Shide stated that Ethiopia has emerged as the top destination in East Africa for attracting foreign direct investment, solidifying its position as a beacon of economic growth and opportunity in the region. The Finance Minister made this statement […]
Addis Ababa, September 4, 2024 (FBC) – The Minister of Foreign Affairs, Taye Atse-Selassie, stated that Ethiopia’s recent macroeconomic reforms have opened up new and promising opportunities for investors. In his speech at the Ethiopia-China High-Level Business Forum being held in Beijing, the foreign minister emphasized that Ethiopia values the […]
ddis Ababa, September 2, 2024 (FBC) – MIDROC Ethiopia Investment Group and Bill and Melinda Gates Foundation have entered an agreement to cooperate in various domains of agriculture. The agreement was signed by Mr. Jemal Ahmed, CEO of MIDROC Ethiopia Investment Group, and Bill Gates, founder and chairman of the […]
Addis Ababa, September 2, 2024 (FBC) – The Development Bank of Ethiopia (DBE) revealed that it has reduced bad loans from 57 percent to 6.5 percent through reforms it carried out in the last five years. The bank provided 32 billion birr loans and made 5.5 billion birr profit in […]
Despite the strong demand by the IMF and World Bank, the government of Prime Minister Abiy Ahmed resisted currency devaluation for years siting its economic impact mainly on the poor. However, chronic foreign currency shortages particularly in recent years forced him to reverse its long-standing policy of fixing the exchange […]
In a landmark diplomatic manoeuvre sought to defuse rising tensions in the Horn of Africa, Djibouti has extended an unprecedented offer to Ethiopia of complete management control of the strategic Port of Tadjourah. According to its Foreign Minister, Mahmoud Ali Youssouf, the proposal is part of Djibouti’s efforts to mediate […]
The capital market is expected to see substantial growth in size and investment over the next four years, contingent on favourable macroeconomic conditions and successful policy implementations, according to a market size estimation study published by the Ethiopian Capital Market Authority (ECMA). The study, titled “Potential Market Size Estimation & […]