Addis Ababa, September 25, 2024 (FBC) – Pakistani investors have expressed a keen interest to invest in aluminum, steel and packaging sub-sectors in the industrial parks and Dire Dawa Free Trade Zones.

Shiferaw Solomon, General Manager of Industrial Projects Services at the Corporation, recently held a meeting with Pakistani investors to explore potential collaboration and investment opportunities.

During the meeting, Shiferaw highlighted the existing infrastructure, investment incentives, and benefits associated with the 13 industrial parks and the Dire Dawa Free Trade Zone. He also underscored the advantages of Ethiopia’s young and educated workforce, the favorable investment environment, and strong government support for industrial parks, which collectively create an attractive investment landscape.

Addis Ababa, September 23, 2024 (FBC) – Vietnam’s textile solutions company Shin Textile Solutions (ShinTS) has disclosed its intentions to expand its presence in Ethiopia.

The company’s plans were revealed during a meeting between Dessie Dalkie, Ethiopian Ambassador to the Republic of Korea and Non-Resident Ambassador to the Socialist Republic of Vietnam, and the company’s senior officials.

The Ethiopian envoy visited ShinTS Bvt Co., Ltd in Vietnam which is specialized in production of textile and apparel such as Gore-Tex, seam-sealing, down, gloves, and tent.

Addis Ababa, September 20, 2024 (FBC) – The Ethiopian Investment Commission (EIC) held a discussion with Beijing Municipal Bureau of Commerce to enhance FDI flows from Beijing, China to Ethiopia to benefit both countries, the Commission confirmed.

During the discussion, representatives of EIC highlighted Ethiopia’s investment potential in various sectors and the investment policies.

They further stated that Ethiopia has now become a preferred investment destination for Chinese investors, and EIC is committed to work closely with the Beijing Municipal Bureau of Commerce to promote trade and investment to benefit both parties.

Addis Ababa, September 5, 2024 (FBC) – The implementation of comprehensive and robust reforms in Ethiopia has been instrumental in driving the growth of the manufacturing sector in recent years, according to Minister of Industry Mr. Melaku Alebel.

A forum was held today in Addis Ababa, bringing together stakeholders from the country’s industrial parks, with the aim of identifying new opportunities and addressing emerging challenges.

During his opening remarks, Melaku praised the reform efforts undertaken by the government of Ethiopia, particularly in the economic sector, including the recently introduced macroeconomic reform policy.

Addis Ababa, September 4, 2024 (FBC) – Toyo Solar, a subsidiary of Japan’s Toyo Corporation, has expressed its interest in capitalizing on investment opportunities available in Ethiopia’s Industrial Parks, as revealed by the Industrial Parks Development Corporation of Ethiopia (IPDC).

This revelation came about during a meeting between IPDC’s CEO, Fisseha Yitagesu, and Toyo Solar’s Vietnam branch General Manager, Li Huang, which took place at IPDC’s headquarters in Addis Ababa today.

During their conversation, IPDC’s CEO, Mr. Fisseha, emphasized the various investment opportunities available in the industrial parks and the Dire-Dawa Free Trade Zone, including infrastructure developments, investment incentives, and recent macroeconomic reforms undertaken by the Ethiopian government. .....

Addis Ababa, September 2, 2024 (FBC) – MIDROC Ethiopia Investment Group and Bill and Melinda Gates Foundation have entered an agreement to cooperate in various domains of agriculture.

The agreement was signed by Mr. Jemal Ahmed, CEO of MIDROC Ethiopia Investment Group, and Bill Gates, founder and chairman of the Bill and Melinda Gates Foundation.

The two officials have agreed to work together, especially focusing on dairy products, poultry breeding and best seed research.

Note that the American renowned business magnet Bill Gates is in Ethiopia for working visit.

Addis Ababa, September 1, 2024 (FBC) – The investment climate in Ethiopia will improve with the macroeconomic reforms, providing greater comfort and confidence to investors, Pakistan’s Ambassador to Ethiopia Atif Sharif Mian said.

Ambassador Atif Sharif Mian highlighted the ties between Ethiopia and Pakistan is showing positive momentum.

In an exclusive interview with ENA, the ambassador described the relationship between the two countries as cordial and friendly, adding “Our relations are progressing well, with a positive momentum.”

He stated that the Ethiopia’s macroeconomic reforms facilitate better trade between the countries.

Addis Ababa, August 28, 2024 (FBC) – Ambassador Bizunesh Meseret, Chargée d’Affaires at the Ethiopian Embassy in New Delhi, spoke at the 10th India International MSME Trade Fair and Expo held in New Delhi, India.

In her address, Ambassador Bizunesh highlighted the numerous untapped investment opportunities in Ethiopia and the incentives available for foreign investors. She urged the Indian business community to consider Ethiopia as a viable destination for investment.

The fair, organized by the MSME Development Forum, aimed to foster networking, promote business relationships, and establish investment partnerships. Additionally, the Ethiopian Embassy and the MSME Development Forum have committed to working together to enhance economic relations between Ethiopia and India.

Adds Ababa, August 27, 2024 (FBC) – Ethiopia’s Ambassador to China, Tefera Derbew, and the CEO of Ethiopia’s Industrial Parks Development Corporation (IPDC), Fssseha Yitagesu, engaged in a video conference to discuss the ongoing initiatives by the Ethiopian Embassy in Beijing aimed at attracting more Chinese investors to Ethiopia.

During the conversation, they exchanged detailed ideas on the conditions under which more Chinese manufacturing companies and investors can invest in Ethiopian industrial parks and the Dire-Dawa Free Trade Zone, particularly in the pharmaceuticals, textile and garment, and agro-processing investment sectors.

Addis Ababa, August 25, 2024 (FBC) – A new Ethiopian Export Trade Permanent Exhibition Center was officially inaugurated today along with the start of a five-day trade week aimed at promoting the country’s products and services.

High-level government officials, including head of the Democratic System Building Coordination Center with the rank of Deputy Prime Minister, Adem Farah, House of Federation Speaker Agegnehu Teshager, and Finance Minister Ahmed Shide, attended the opening ceremony held in the premises of Ministry of Trade and Regional Integration today.

During the event, officials toured the newly established permanent exhibition center and the exhibited products and services.

Addis Ababa, August 20, 2024 (FBC) – Ethiopia’s Ministry of Trade and Regional Integration (MoTRI) announced that it is set to inaugurate a Permanent Export Trade Exhibition Center inside its premises in the coming Sunday.

Briefing the media today, Trade and Regional Integration Minister Kassahun Gofe disclosed that the ministry will inaugurate the center along with the launch of the annual trade fair week.

The minister added that the permanent export trade exhibition center, rest on 730 square meters, designed to display all types of export products of the country.

The objective of the center is to promote Ethiopia’s export products to the international market, it was learned.

The one week long trade fair that will be opened on Sunday aimed at encouraging exports and substitute import goods with domestic products, the minister he added.