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The Ethiopian Ministry of Urban Development and Construction had finalized a draft directive to make changes on the fixed rate pricing system currently applicable to all contractors working on government projects.

The directive will shorten the revision period of prices of construction materials and labor to three to six months, unlike the current practice where adjustments takes between nine month to a year and half. Add a comment Add a comment

The International Monetary Fund advised the Ethiopian government to to make more credit available to private businesses to boost employment and build on its economic gains.

While the country's government-led development model has improved lives and expanded the economy, public enterprises that are involved in building more houses, dams and factories are draining banks of loans, Ethiopia Representative Jan Mikkelsen told reporters in Addis Ababa.

The Ethio-Japan Investment forum was held on Monday in Tokyo, at the headquarters of the Japan External Trade Office (JETRO),following the conclusion of the TICAD V summit, according to the Ethiopian Ministry of Foreign Affairs.

Minister of Foreign Affairs Dr. Tedros Adhanom, in his address at the forum underscored the successful and strategic partnership between Ethiopia and Japan. However, he pointed out that the trade and investment relation between the two countries is unsatisfactory and invited investors to take opportunities in the country's dynamic growth.

Ethio-Finnish Trade and Business Forum, under the theme of “inclusive partnership for sustainable growth” organized by the Finnish Embassy takes place on 5 June 2013 in Addis Ababa, Ethiopia.

Finland’s Under-Secretary of State for Ministry of Foreign Affairs, Anne Sipilainen said that Africa has recently registered a sustained high growth rate. In particular, she noted the size of Ethiopia's, middle class is increasing. Add a comment Add a comment