Latest Business Alerts

Ethiopia and Japan Signed Carbon Offset Credit Partnership Agreement

Ethiopia and Japan signed a document concerning Bilateral Offset Credit Mechanism on Monday May, 27, 2013 in Addis Ababa. Finance and Economic Development State Minister Ahmed Shide and Japanese Ambassador to Ethiopia, Hiroyuki Kishino signed the document.

The partnership is aimed at contributing to international efforts to prevent global warming by cooperating in the reduction of greenhouse gas emissions between the two countries through the mechanism.

Ahmed on signing ceremony said the document will strengthen financial and technological support to activities being carried out to reduce carbon emission and build green economy. Add a comment Add a comment

MoT Drafting Regulation to Implement Mandatory Standards

Ethiopian Ministry of Trade (MoT) is reviewing a draft regulation to implement the Mandatory Standards Proclamation of 2003.

The Ministry held a discussion on May 23 to 24, 2013, at Kaleb Hotel, with stakeholders from the Ethiopian Standard Agency (ESA), Ethiopian Conformity Assessment Enterprise, Ethiopian Accreditation Office and the National Meteorology Institute. Add a comment Add a comment

Brazilian Development Bank to Provide USD1 Billion for Ethiopian Railway Project

The Brazilian Development Bank will extend USD 1 billion in funding to construct a portion of the railway project that will connect Ethiopia and South Sudan, an Ethiopian Foreign Ministry official said.

Brazil's Andrade Gutierrez Participacoes SA will be contracted to build the railway link running from Addis Ababa, to Jimma about 439 kM to the southwest, Taye Atskeselassie, director general for the Americas at the ministry, said in an interview on May 24. Add a comment Add a comment

Regional State Tourism Bureau Earned 145 million Birr

The Southern Regional State of Ethiopia Culture and Toursim Bureau announced it has earned over 145 million Ethiopian Birr from more than 600,000 tourists who visited religious, natural, cultural and historical sites in the region during the last nine months.

Seblework Abebe, Government communication Officer with the the bureau said more than 500,000 of the visitors are Ethiopians.

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U.S Embassy Host Business Matchmaking Event for Ethiopian and U.S Companies

The U.S. Embassy in Addis Ababa, Ethiopia hosted U.S business delegation representing various industries from the State of Illinois from May 13 to 15.

Eight American firms participated in the matchmaking event representing a broad range of products and services from a variety of industry sectors, including construction, renewable energy, mining, pharmaceuticals, cosmetics, and manufacturing. Add a comment Add a comment