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economy

BGI Ethiopia embarks on massive expansion – etbaba.com

Manufacturing / By

BGI-Ethiopia, the leading berewery in Ethiopia, embarked on massive expansion launching its VISION 2028, which aims to transform the Company and secure its market leadership. The Company is set to invest heavily in its operations, production network, and distribution model. This investment plan involves increasing production capacity and relocating the historic Addis Ababa plant to …

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Marrakech to host major African investment marketplace – etbaba.com

investment / By

The tourist city of Morocco, Marrakech, is set to host the major African investment marketplace, Africa Investment Forum, next month from 8-10 November, 2023. The focus this year’s Forum promoted by the African Development Bank (AfDB) and Trade and Development Bank, among others will be on “Unlocking Africa’s Value Chains’, according to the press statement …

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Abu Dhabi showcases economic diversification success – etbaba.com

economy / By

Abu Dhabi is continuing to show stellar growth proof government initiatives to diversify the economy, boost the private sector and attract more foreign director investment are paying dividends. Speaking at the Fortune Global Forum Today, Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), showcased the stellar growth of Abu …

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Abu Dhabi set to enhance manufacturers’ access to financing – etbaba.com

Manufacturing / By

The Abu Dhabi Department of Economic Development (ADDED) has launched ‘Business Financing Facilitation Platform’ to enhance manufacturers’ access to financing as part of its initiatives to achieve objectives of the Abu Dhabi Industrial Strategy (ADIS) aiming to strengthen the Emirate’s position as the region’s most competitive industrial hub. The ‘Business Financing Facilitation Platform’ is a …

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UNCTAD, partners to showcase emerging trade opportunities for developing countries – etbaba.com

investment / By

For the first time at the annual climate summit, international organizations are set to spotlight policy options for developing countries to capture emerging trade opportunities while adapting to climate change at the upcoming UN climate summit COP28 in Dubai, the United Arab Emirates The UN trade and development agency, UNCTAD, in partnership with the International …

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East Africa adopts diversified resource development strategy – etbaba.com

economy / By

Boasting an abundance of renewable resources, East Africa has garnered substantial attention from major international players within its clean energy market. Robust policies and declining costs of technology in the sector, coupled with regional market and infrastructure reforms, are poised to accelerate the deployment of clean energy projects. Yet the region is also anticipating first …

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Africa Finance Corporation exited its investment in Ghana’s Takoradi Port – etbaba.com

investment / By

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has exited its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana’s Takoradi Port, to the global ports and container terminals operator Yilport Holding. “This is testament to the Corporation’s ability to attract international 3rd party capital and …

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Abu Dhabi set to advance sustainable industrial development – etbaba.com

Manufacturing / By

In a significant step towards advancing sustainability goals, the Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy, a global leader in energy technology, have joined hands to further decarbonise Abu Dhabi’s booming industrial sector. The collaboration supports Abu Dhabi Industrial Strategy’s vision to establish the Emirate as …

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Zimbabwe set to host 2024 ECA Conference of Ministers – etbaba.com

economy / By

The UN Economic Commission for Africa (ECA), Executive Secretary, Claver Gatete, and Zimbabwe’s Finance Minister, Mthuli Ncube today in Harare signed the 2024 Conference of Ministers (COM) Host Country Agreement. Zimbabwe is set to host the 56th Session of the ECA Conference of African Ministers of Finance, Planning and Economic Development from 28 February to …

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