economy

Djibouti based investors to establish abattoir in Ethiopia – etbaba.com

In a bid to best exploit & add value to the untapped massive livestock resource in Ethiopia, Djibouti based investors from different African countries have made a three days investment visit deciding to establish state of the art abattoir. When the new abattor goes operational, the processing plant will have an initial processing capacity of …

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Morocco to establish $3.7 billion fertilizer factory in Dire Dawa, Ethiopia – etbaba.com

Ethiopian gas and Moroccan phosphoric acid natural resources, the Government of Ethiopia signed a Joint Development Agreement with OCP Group, a Moroccan State-Owned phosphate rock miner, phosphoric acid manufacturer and phosphate fertilizer producer to implement a fertilizer project in Dire Dawa. The project will have an initial estimated investment of approximately $2.4 billion during the …

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Abidjan set to host Africa Investment Forum – etbaba.com

The Africa Investment Forum will hold its 2021 Market Days in Abidjan, Côte d’Ivoire, from the 1-3 of December 2021. The annual business gathering will showcase transformative investment opportunities across the African continent, many of which hold the potential to drive Africa’s recovery from the Covid-19 pandemic. Invited participants to this third edition, including investors, …

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Africa makes progress on Global Compact for Migration – etbaba.com

Africa has made significant progress to implement the Global Compact for Migration but more action is needed to sustain the momentum amid the COVID-19 pandemic, according to the reports presented at a high-level meeting. This statement was shared today with the participants, including more than 700 government officials and representatives from organizations working on migration, …

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Align Financial Holdings acquires NationsBuilders Insurance Services – etbaba.com

Align Financial Holdings, LLC, a leading general agency and specialist program underwriting manager, announced that it has acquired NationsBuilders Insurance Services, Inc. (“NBIS”). NBIS is an underwriting manager specializing in providing risk management, underwriting and claims handling expertise to the crane & rigging, specialized transportation, concrete pump and equipment rental, and dealer industries. The acquisition …

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Ethiopia urges diaspora to use formal money transfer – etbaba.com

The Government of Ethiopia urged its diaspora community to use the formal and legal banking and money transfer system while sending remittances to their families. This is indicated by Bellene Seyoum Press Secretary of the Office of the Prime Minister of Ethiopia who briefed reporters this afternoon. She made a specific call to Ethiopians in …

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Ethiopia, Switzerland agree to avoid double taxation – etbaba.com

The Government of Ethiopia today signed double taxation avoidance agreement with the Government of Switzerland. The agreement is signed between the Finance Minister of Ethiopia Ahmed Shide, and Ambassador of Switzerland in Ethiopia Tamara Mona. The deal is said will encourage investors from Switzerland to invest in Ethiopia and Ethiopians interested to access Switzerland market …

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Ethiopians in Washington D.C. rally supporting Ethiopia – etbaba.com

Ethiopians living in Washington D.C. , and surrounding cities in the United States rally on Sunday in support of the under-construction Great Ethiopian Renaissance Dam (GERD) and the federal army of Ethiopia. Ambassador of Ethiopia in the United States Fitsum Arega, and Ethiopia’s UN permanent representative Ambassador Taye Atske Selassie have addressed the gathering expressing …

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AU led negotiaion right platform – Nile Riparian countries – etbaba.com

The Deputy Prime Minister and Foreign Minister of Ethiopia, Demeke Mekonnen, met in his office ambassadors and diplomats of the Nile riparian states in Ethiopia for a briefing on the latest status of the Great Ethiopian Renaissance Dam (GERD) negotiations. During the meeting, the Deputy Prime Minister and Foreign Minister said the GERD represents the …

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