investment

Manufacturing in Ethiopia promising investment, says top consulting firm – etbaba.com

Manufacturing industries in Ethiopia remain to be the most promising and lucrative sectors for foreign investors, says head of the top local consulting firm. As the import of manufactured goods such as, pharmaceuticals and agro-processed products have been continuously growing in Ethiopia, substituting the goods by manufacturing in Ethiopia will benefit the foreign investors, according …

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Ethiopia gets the first local Angel Investors group – etbaba.com

With the aim of funding entrepreneurs with promising business idea, the first local Angel Investors group, Addis Ababa Angels (AAA) Network has gone operational this week. Except for Bank Loans and Venture Capital entities, Ethiopia does not have an adequate funding mechanism that targets early-stage innovative start-ups. Entities need to exist that are willing to …

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Ethio telecom to sell 5 percent share to domestic investors – etbaba.com

The Government of Ethiopia announced its plan to sell five percent of the share of the fully state owned and only telecom operator in the country, Ethio Telecom. This is indicated at a panel discussion held this morning to assess the progress made to partially privatize Ethio Telecom at the Prime Minister’s Office. It was …

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Azerbaijani investors eye fertilizer, food, petrochemical industries in Ethiopia – etbaba.com

Azerbaijani investors eyes fertilizer, furniture, petrochemical and food industries in Ethiopia, says, Azerbaijan Ambassador in Ethiopia. In an exclusive interview with NewBusinessEthiopia.com, Elman Abdullayev, Azerbaijan Ambassador to Ethiopia, Kenya and Djibouti indicated that investors from his country have been exploring opportunities in Ethiopia and Africa in general over the past years. Most recently a group …

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Ethiopia attracts 12 major telecom operators for two licenses – etbaba.com

Ethiopia attracts 12 major telecom operators for two licenses Following the launching of Expression of Interest process for the issuance of two new full-service telecommunication licenses in Ethiopia, 12 major telecom operators have shown interest. On its statement Ethiopian Communications Authority (ECA) said it has received complete information and expression of interest from the Global …

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Ethiopia advises Dutch investors to diversify investments – etbaba.com

Ethiopia advises investors from the Netherlands (Dutch investors) to diversify their investments from the horticuture and flower industry and engage in other sectors the East African country is offering. During the webnar held on Thursday Million Samuel Ambassador of Ethiopia to the Netherlands advised Dutch Companies not to be limited in floriculture / horticulture and …

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BonelliErede appoints two partners in Ethiopia – etbaba.com

BonelliErede, an Italian legal firm covering all areas of business and corporate criminal law, in partnership with Ethiopian law firm Tameru Wondm Agegnehu, appoints two local partners in Ethiopia. The two young and energetic Ethiopian lawyers appointed to serve BonelliErede are Seble Geberegiorgis Baraki and Weynalem Weldesenbet, according to the statement from the company. The …

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Cepheus Capital invests in Lion Brands of Ethiopia – etbaba.com

Cepheus Growth Capital Partners (Cepheus Capital) announces an investment into East African Lion Brands Manufacturing Share Company (Lion Brands), one of Ethiopia’s leading domestic manufacturers of fast moving consumer goods (FMCG) products in the home care, personal care and food segments. With this investment, Cepheus Capital will hold a significant minority ownership stake and provide …

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Ethiopia – Al Amoudi fires MIDROC CEO Dr. Arega – etbaba.com

Sheikh Mohammed Hussein Ali Al Amoudi, the Ethiopian born Saudi billionaire today fired Dr. Arega Yirdaw, CEO of the biggest investment group in Ethiopia, Mohammed International Development Research and Organization Companies (MIDROC) Technology. Dr. Arega has been running MIDROC Technology Group of Sheikh Al Amoudi, the biggest investment in Ethiopia owning over two dozens of …

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