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.
Add a comment Add a commentThe 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 commentCatalyst Principal Partners, a Kenya based private equity firm, yesterday announced the acquisition of a 50% stake in Yes Brands Food & Beverages PLC, Ethiopia.
Capital Hotel and Spa, a 114 room five-star hotel and resort was inaugurated on 10 May, 2013 in Addis Ababa, Ethiopia.
The hotel is owned by Yemane Gebreselassie, also owned of Hosea PLC, a company importing steel, auto parts, machinery, and export of agricultural commodities. Add a comment Add a commentThe Taiwan External Trade Development Council (TAITRA), a trade promotion organization in Taiwan, announced it will be leading a delegation of 42 Taiwanese businesses to visit Ethiopia on June 17th.
TESCO PLC, a British multinational grocery and general merchandise retailer, is negotiating to import footwear from four Ethiopian leather factories, according to the Ethiopian Leather Industry Development Institute (LIDI).
Tikur Abay, Peacock, Anbessa and Ramsey are the four factories that the company is negotiating with to export their footwear products, LIDI Corporate Communication Director, Berhanu Serjebo, told Walta Information Center.
Add a comment Add a commentDubai Chamber of Commerce and Industry (DCCI) Officially opened its representative office in Addis Ababa on Thursday May 9, 2013. Yaekob Yalla, State Minister of Trade said, the opening of the representative office will further strengthen the long standing business and people-to-people relations with the Middle East.
According to Yaekob, frequent visits have been made by senior government officials from the two countries in the previous years to strengthen bilateral relations between the two countries.
Add a comment Add a commentGermany will further strengthen ongoing support through knowledge and technology transfer towards growth of Ethiopia's agricultural productivity, the Federal Minister of Agriculture of Germany, llse Aigner said. A German-Ethiopian advanced training center with the Kulumsa Agricultural Research Center was inaugurated by Aigner and Agriculture State Minister Wondyirad Mandefro. The government of Germany allocated 2.7 million Euro budget for the center. A German parliamentary delegation also visited the center.
The newly opened center will be used to teach farmers about sustainable, site-specific and climate-adapted methods of production including training with modern technology. By 2014, the center, located some 170km south-east of Addis Ababa, will train 1500 farmers. Add a comment Add a commentCyber Security Africa, a UK based company, in partnership with other Industry stakeholders is organizing the Ethiopia Banking and ICT Summit. The event will be held on August 2nd, 2013 at the Sheraton Hotel, Addis Ababa Ethiopia.
