Latest Business Alerts

A.P. Moller - Maersk Expresses Interest to Invest in Ethiopia in the Logistics Sector

Office of the President announced that A.P. Moller - Maersk, a Danish International company, had expressed interest to invest in the logistics sector in Ethiopia. President Mulatu Teshome, who is in Denmark for both an official visit and the International Conference on Partnership for Green Growth and the Global Goals 2030, discussed with the company’s representatives. 

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Ethiopian Airlines success at Avinor Oslo Airport

Since launching on 27 March 2017, Ethiopian Airlines has firmly established itself at Norway’s main airport. Now they are enhancing their service offering between Addis Ababa and Oslo Airport.

From 11 December, Ethiopian Airlines will be increasing its frequency between Addis Ababa and Avinor Oslo Airport, which means the route will be operated six times a week using Ethiopian’s Boeing 787-8 Dreamliner.

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Ethiopia: ITACA Launches a Textile Factory in Tigray

ITACA, an Italian fashion company launched a USD 15 million textile factory at Ashegoda, Tigray Regional State yesterday on October 18, 2019. The company’s CEO Federico Fraboni the factory had already began exporting clothes to Europe.

According to Haftom Fantahunegn, Investment Director at Tigray Trade, Industry and Urban Development Bureau, 1000 citizens are currently employed in the factory. He added that two additional textile factories would commence production soon.

Source: Ethiopian News Agency

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ECCA and EIC Brief a Hong Kong Business Delegation about Investment Opportunities in Ethiopia

Officials of Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) and Ethiopian Investment Commission (EIC) briefed a Hong Kong business delegation which is consisted of 30 persons about business opportunities yesterday, October 2018. The delegation was briefed about prospective investment areas in Ethiopia, land lease, tax and other investment related services as well as the continental and international agreements which Ethiopia is a party to.

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Ethiopia-United Kingdom Business Forum Held in London

The Ministry of Foreign Affairs stated that Ethiopia-United Kingdom business forum was held in London this week with a view to promoting investment.

Arkebe Oqubay (PhD), who is a special advisor to the Prime Minister, briefed the participants of the forum about the investment opportunities and incentives in Ethiopia.

Arkebe said the recent changes which are being undertaken by the Ethiopian government would create a favorable environment for investors. He urged UK business communities to engage in textile, leather products, agro-processing, mines and energy, and other manufacturing sectors.

Source: Ethiopian News Agency

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