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economy

Abu Dhabi to establish green hydrogen industrial complex – etbaba.com

Manufacturing / By

BY YANET FANTAYE WOGAYEHU – In line with the United Arab Emirates (UAE) Net Zero Strategy 2050 and National Hydrogen Strategy, the Abu Dhabi Department of Economic Development (ADDED) and HYCAP Group, the net zero asset management company, have signed an agreement to develop the production, storage, and transport of green hydrogen. The Memorandum of …

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Ethiopia startup data hub launched – etbaba.com

investment / By

The Ministry of Innovation and Technology of Ethiopia, Systemic Innovation, and GrowthAfrica, in partnership with Dealroom.co today launched the Ethiopian Startup data Hub. The hub is said a transformative, open-access database designed to drive data-driven insights and foster international connections for Ethiopia’s dynamic startups and growth ventures. The platform enhances visibility, strengthens connections, and promotes …

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U.S. population up 2.64 million with addition of one migrant every 23 seconds – etbaba.com

economy / By

The U.S. Census Bureau projects the U.S. population to reach 341,145,670 on New Year’s Day, an annual increase of 2,640,171 or 0.78% and with the addition of one international migrant entering the country every 23 seconds. The combination of births, deaths and net international migration increases the U.S. population by one person every 21.2 seconds, …

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Chinese company set to build new free trade zone in Ethiopia – etbaba.com

Manufacturing / By

BY YANET FANTAYE WOGAYEHU China Civil Engineering Construction Corporation (CCECC) has signed a memorandum of understanding (MOU) with the Oromia Regional State of Ethiopia for the development of a new free trade zone, Lume free trade zone, within the Gada Special Economic Zone (Gada SEZ). On Friday Prime Minister Abiy Ahmed led the inauguration of …

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Addis set to host future tech expo 2025 – etbaba.com

investment / By

RCNDC Consultancy, an IT consulting and software solutions provider, in partnership with the FDRE Ministry of Education and the FDRE Ministry of Innovation, announced the Future Tech Addis Expo 2025. This event will take place at the prestigious Skylight Hotel in Addis Ababa, bringing together global tech leaders, innovators, entrepreneurs, policymakers, and investors to shape …

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DRC secures about $1.73 billion credit from IMF – etbaba.com

economy / By

The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a 38-month arrangement for The Democratic Republic of the Congo under the Extended Credit Facility (ECF) in the amount of over $1.73 billion or 125 percent of quota. The Fund also approved a 38-month arrangement under the Resilience and Sustainability Facility (RSF), in …

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Top African designers lined up for Cape Town Fashion Week – etbaba.com

Manufacturing / By

African fashion brands have taken the world by storm this year, across major fashion weeks and trade events, from London and Milan to New York and Paris – and now they are coming to the catwalks of the Mother City. Cape Town Fashion Week: The Edit Spring Summer 24, presented by Africa Fashion International (AFI), …

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Debt, political uncertainty challenge world economy in 2025 – etbaba.com

economy / By

With fragmentation, debt and political uncertainty, the global economy is set to face significant challenges in 2025, with 56% of chief economists surveyed expecting conditions to weaken, according to the latest Chief Economists Outlook from the World Economic Forum. Only 17% foresee an improvement, pointing to heightened uncertainty in key regions and the need for …

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Ethiopia launches Ethiopian Security Exchange (ESX) – etbaba.com

investment / By

As part of its market liberalization, Ethiopia on Friday launched Ethiopian Security Exchange (ESX) at the presence of Prime Minister Abiy Ahmed. It is stated that the ESX is now open for business, ready to connect opportunities with investors, empower businesses, and fuel economic growth. “In a historic milestone for our economic and financial landscape, …

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One Industry launches socks production in Ethiopia – etbaba.com

Manufacturing / By

BY YANET YANTAYE WOGAYEHU / DEBRE BIRHAN – One Industry, a private company engaged in manufacturing sector in Ethiopia, has launched production of socks in a factory built on 10,000 square meters of land in Debre Birhan, Amhara region of Ethiopia. In an exclusive interview with New Business Ethiopia, the Managing Director of One Industry, …

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