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Ethiopia attracts $1.1 billion FDI in five months – etbaba.com

Ethiopian Investment Commission has indicated that the country has attracted $1.1 billion foreign direct investment during the first five months of the year. The commissioner of Ethiopian Investment Agency, Lelise Neme, told the state broadcaster ETV, that the projects are registered in manufacturing, agriculture and hospitality sectors. The Commissioner stated that the spread of coronavirus […]

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Somalia to strengthen private sector growth, encourage investment – etbaba.com

IFC, a member of the World Bank Group, has signed its first formal agreements with the Federal Government of Somalia to support the country’s goal to strengthen its private sector, attract investment, improve public services, and create jobs. Through the agreements, signed with Somalia’s Ministry of Planning, Investment, and Economic Development, IFC will advise on […]

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Ethiopia to help vandalized investments recovery – etbaba.com

The Government of Ethiopia is preparing a recovery package that will help businesses vandalized by mobs came out to streets in many towns of Oromia region after the assassination of famous Oromo singer Hachalu Hundesa a few months ago. “Like the previous trend, Investment Commission in collaboration with different relevant government offices is conducting a […]

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Ethiopia suspends Ethiopian Airlines privatization – etbaba.com

The Ministry of Finance of Ethiopia said it has suspended the partial privatization of the fully state owned Africa’s most profitable aviation group – Ethiopian Airlines. This is indicated by the Minister of Finance of Ethiopia Ahmed Shide this afternoon at a press conference. “With the currency efficiency and competitiveness, the plan of the government […]

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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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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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