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investment

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

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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

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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

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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

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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

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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

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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

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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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Canada to expand investment in Ethiopia – New Business Ethiopia

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The Prime Minister of Canada, Justine Trudeau, who is visiting Ethiopia with his business delegation, said his country is keen to expand trade and investment in Ethiopia. He made the remark today after meeting President Sahle-work Zewdie. Prime Minister Trudeau also stated Canada’s plan to engage. Ethiopia and Canada have been enjoying bilateral …

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Forum in Ethiopia to reflect on investing in Africans – New Business Ethiopia

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The third Africa Business Forum on Investing in People, Planet and Prosperity takes place on Tuesday, 11 February 2020, in Addis Ababa, Ethiopia, on the margins of the 33rd Ordinary Summit of the African Union Assembly of Heads of State and Government. Expected at the Forum are African Heads of State and private sector who …

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Pompeo promises to drive U.S. investments to Ethiopia – New Business Ethiopia

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The United States Secretary of State Michael R. Pompeo, who is visiting Ethiopia, promises to encourage and provide support to United States companies aspiring to invest in Ethiopia. “The United States Government will encourage and provide the required support for U.s investors aspiring to invest in Ethiopia,” he said, appreciating the all-inclusive reform of Ethiopia. …

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