News and Events
Economic Update
Qatar Investors Keen to Invest in Ethiopia
Qatar business delegates lead by Sheik Kahlid Tahni of Auzdan Holdings Group shown interest to invest in various economic sectors including real estate, hotel and tourism (a luxury six star...
10th U.S. Africa Business Summit
The 10th U.S. Africa Business Summit will be held from February 1-4, 2016 in Addis Ababa at UN ECA Conference Hall. It is learnt that more than 1,000 American and...
Schulze Global Investments Acquired 45 Percent Stake in Family Milk
SGI, an American Investment Firm acquired 45% share in Family Milk (MB Private Limited Company) by investing up to seven million dollars. The milk processing plant is located around Lebu...
Merger of CBE with CBB
The government announced that CBE, which is the largest government owned commercial bank in country merged with CBB, another government owned bank specialized in housing and building financing. For more...
New Incentive Rates for Local Manufacturers
The government through the ministry of Finance and Economic Dev’t , is ranking manufacturers by value addition for duty free benefits based on a new directive expected to be approved...
Construction of Industrial Parks attracted more foreign companies
The country has been constructing industrial parks at various locations including Addis Ababa (capital city), Adama (100kms from Addis), and Hawassa (Southern Ethiopia). There are also a plan to construct...