The Ethiopia-China Economic and Trade Forum commenced yesterday at the Skylight Hotel. The forum was jointly organized by Ethiopia’s Ministries of Foreign Affairs and Trade & Regional Integration, alongside the Ethiopian Investment Commission (EIC), the Ethiopian Chamber of Commerce and Sectoral Association (ECCSA), and the China Council for the Promotion of International Trade (CCPIT).
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A new oil factory, built at a cost of Birr 150 million, has been officially inaugurated in Assosa town, Benishangul Gumuz region. The factory is expected to enhance local oil production and reduce dependency on external supplies.
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Dangote Group, Africa’s leading industrial conglomerate, has announced a major expansion in Ethiopia, reinforcing the country’s growing appeal as an investment hub.
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The Ethiopian Enterprise Development (EED) has disbursed over Birr 5.3 billion in operating loans to 712 small and medium-sized manufacturing enterprises in the first six months of the 2024/25 fiscal year. This financial support has contributed to the creation of 60,320 jobs within the sector during the same period.
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Ethio-Engineering Group (EEG) is gearing up to manufacture electric vehicles in Ethiopia, CEO Suleiman Dedefo announced.
The Industrial Parks Development Corporation (IPDC) announced that investments worth more than USD 597 million have been secured in Ethiopia’s Special Economic Zones (SEZs) and the Dire Dawa Free Trade Zone over the past six months. Over 80 investments have been attracted to the zones under the IPDC's management.
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