Latest Business Alerts

Ethiopia: A Trade and Investment Conference Opened in Addis Ababa

The Ministry of foreign affairs stated that a symposium aimed at increasing trade and investment ties between Ethiopia and China was opened in Addis Ababa yesterday. Ato Anteneh Alemu, Deputy Commissioner of Ethiopian Investment Commission (EIC), said Ethiopia wanted more Chinese companies to invest in priority sectors adding that the Chinese investors would be provided with all the necessary support from the Ethiopian government.

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Ethiopia: Government to Establish 7,800 Small and Medium Scale Manufacturing Industries

With a view to sustaining the ongoing development, the Ethiopian government is set to establish 7,800 small and medium scale manufacturing industries. Metal and wood work, textile and garment, leather and leather products, agro processing, and construction inputs are some of the industries which are planned to be set up by the government.

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Ethiopia: Rib Irrigation Dam Project Launched

An irrigation dam project worth 3.8 billion birr was launched yesterday by Prime Minister Abiy Ahmed. The project which is named Rib is situated in South Gondar Zone of Amhara Regional State and has the capacity to hold 234 million cubic meters of water. Rib is expected to develop 20,000 hectares of land and benefit 40,000 farmers. It is also believed that it will protect Lake Tana from alluvial deposits, especially from soils formed in the river valleys.

The project which started with 1.3 billion birr in 2008 has a six year overdue irrespective of the initial plan included finalizing and delivering within four years of time.

Source: Ethiopian News Agency

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