Latest Business Alerts

MOA Launched Wheat Productivity Initiative

The Ministry of Agriculture has announced the launch of the Ethiopian Wheat Productivity Initiative in collaboration with the Ethiopian Agricultural Transformation Agency (ATA). The initiative is intended to help increase yields and productivity in order to reduce Ethiopia’s reliance on imported crops.

The Ethiopian Wheat Productivity Initiative aims to increase the output of one million wheat farmers by at least 50%, eventually replacing all current wheat imports with domestic supply. This initiative is expected to save USD 250 million in related annual foreign exchange spending over the next 3 years according to ATA. Add a comment Add a comment

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WAFA Marketing & Promotion Organizing Trade Forums

WAFA Marketing & Promotion PLC in collaboration with the Ministry of Foreign Affairs, Jetro and the Ethiopian Embassy in Japan are joining hands to organizing a trade and investment forum in Tokyo, Japan on June 2, 2013.

The Forum which is said to strengthen the the Ethio-Japan trade relations is expected to draw the participation of more than 45 Ethiopian businesses in the coffee, floriculture, grains, and leather sector.

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260 Investment Projects Under Implementation

Investors with over 110 billion Ethiopian birr combined capitals have begun implementing 260 projects in the first nine months of the Ethiopian Fiscal Year, according to the Ethiopian Investment Agency.

Getahun Negash, Corporate Communication Directorate Director with the Agency told Walta Information Center recently that all the projects were licensed in the previous Ethiopian budget year.

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Brazilian Embassy in Addis Ababa Organizing Trade and Investment Forum

The Embassy of Brazil in Addis Ababa announced that it is organizing a trade and investment seminar with Ethiopia, South Sudan and Djibouti.

The seminar is scheduled to be held in June is expected to provide a useful insight on trade and investment to the Brazilian, Ethiopian, Djiboutian and South Sudanese businesses, entrepreneurs and policy makers. Add a comment Add a comment

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Kenyan Private Equity Firm Acquired Stake in Ethiopian Food & Beverage Company

Catalyst Principal Partners, a Kenya based private equity firm, yesterday announced the acquisition of a 50% stake in Yes Brands Food & Beverages PLC, Ethiopia.

Speaking at the signing ceremony, Catalyst CEO Paul Kavuma said “Yes Brands is the leading bottled mineral water company in Ethiopia with a dominant brand and market share. Catalyst aims to build upon the company’s strength to accelerate growth of the business through enhanced operational capacity, deeper distribution and product innovation.” Add a comment Add a comment

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