investment

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 Shehk Al Amoudi, the biggest investment in Ethiopia owning over two dozens of …

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Cepheus Capital invests in Ethiopia’s Tabor Ceramics – New Business Ethiopia

Cepheus Growth Capital Partners (Cepheus Capital), the private equity which has injecting finance in promising sectors in Ethiopia for the past few year, invests in Tabor Ceramics Products Share Company. With this investment, Cepheus Capital will hold a significant minority ownership stake and provide strategic, managerial, and operational support to the company, according to the …

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Al Amoudi to build mega oil processing in Ethiopia – New Business Ethiopia

BY MEKONNEN TESHOME – Sheikh Mohammed Hussein Ali Al-Amoudi, Chairman and Owner of the leading Ethiopian investment group, Midroc Ethiopia, is set to invest 4 billion birr (around $126.2 million) in mega edible oil processing factory in Addis Ababa, Ethiopia. A corner stone for the modern edible oil factory was laid today in Addis Ababa, …

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Ethiopia – Addis Ababa revokes 1,178 investment licenses – New Business Ethiopia

The capital of Ethiopia, Addis Ababa City, has revoked a total of 1,178 investment licenses for failure to realize the projects. The investment licenses are cancelled By the Addis Ababa City Administration Investment Commission because they failed to commence implementing their investment projects, according to the state daily Amharic newspaper, Addis Zemen, which quoted an …

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Ethiopia invites South African investors to buy State enterprises – New Business Ethiopia

Prime Minster Abiy Ahmed of Ethiopia, who was in a two – day’s state visit in South Africa invited South African businesses to invest in his planned privatization of state enterprises. “Ethiopia is now opening up to private capital in telecommunications, energy, logistics and other industries which South African investor’s have great experiences …

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Toronto to host investment in Ethiopia business forum – New Business Ethiopia

The city of Toronto, Canada is set to host trade, investment in Ethiopia business forum tomorrow (January 17, 2020), the organizers said. It is organized by Embassy of Ethiopia in Canada in collaboration with Canadian Council on Africa (CCAfrica) and the Ontario Ministry of Economic Development, Job Creation and Trade. Ambassador of Ethiopia …

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Ethiopia deputy PM leads investment delegation to London – New Business Ethiopia

The Deputy Prime Minister of Ethiopia, Demeke Mekonnen leads Ethiopian delegation to UK to attend UK-Africa investment summit opened in London today. UK Prime Minister Boris Johnson host the inaugural UK-Africa Investment Summit in London. The Summit will bring together UK and African business representatives, African leaders and delegations from 21 countries, international institutions and …

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Qatar bank to explore business opportunities in Ethiopia – New Business Ethiopia

Qatar With the aim of exploring business opportunities, Development Bank (QDB), a development institution established to invest in and develop local ventures and support private sector companies in the state of Qatar, is set to hold a matchmaking event in Addis Ababa, Ethiopia. The event will open on Monday January 27, 2020 at Hyatt Regency …

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Ethiopia ratifies new investment law to attract FDI – New Business Ethiopia

The House of Peoples’ Representative of Ethiopia on Thursday ratified investment law that envisages to further opening up economy and attracting more foreign direct investment (FDI) to Country. A Joint report by The House’s Trade and Industry Affairs Standing Committee, and Revenue, Budget, and Finance Standing Committee indicated that the law will also promote the …

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