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The Ethiopian Ministry of Trade is to entrust its trade name registrations and licensing services to sub cities in Addis Ababa and regional states.

Previously businesses are required to approach the headquarters of the Ministry of Trade to get their trade names registered and obtain business license.

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

Nyota Minerals, the dual listed on the AIM Market of the London Stock Exchange (AIM:NYO.L) and the Australian Stock Exchange gold exploration and development company, has reported the discovery of a new gold anomaly at the Boka-West target in the company's fully Northern Block exploration license areas in Western Ethiopia.

The company reported that, the gold-in-soil anomaly extended for 2.0KM in length and was up to 500 metres (m) wide. The company said that it was also coincidental with anomalies for copper (Cu), zinc (Zn) and bismuth (Bi). Add a comment Add a comment

The National Bank of Ethiopia (NBE), the regulatory organ of financial institutions in Ethiopia, is set to introduce a standardized cheque with enhanced security using Magnetic Ink Character Recognition (MICR) starting from early January 2014.

The new cheque to be printed under the control of the NBE are expected to incorporate enhanced security features so as to make them more difficult to tamper with. Add a comment Add a comment

The Ethiopian Minerals Development Enterprise S.C. has shelved it construction material plant project proposed in the Afar Regional State due to lack of finance.

The Ethiopian Privatization and Public Enterprises Agency (PPESA) passed its decision to suspend the project as the enterprise is planning to build a tantalum manufacturing plant at the Kenticha tantalum mine and it would be difficult to undergo the two projects together. Add a comment Add a comment

Huajian, one of the largest shoe exporters in China, is planning a multi-million-dollar factory expansion in Ethiopia  to benefit from preferential trade tariffs and lower labor costs.

The company, which makes women shoes for global brands such as, Tommy Hilfiger, Guess, Naturalizer, Clarkes and others opened its factory at a purpose-built industrial zone on the outskirts of Addis Ababa a year ago. Add a comment Add a comment

An aquaculture workshop organised by Wageningen UR, a Dutch university and the Food and Agriculture Organisation of the United Nations (FAO) in Addis Ababa has established a multi-stakeholder platform aimed at developing aquaculture in Ethiopia.

IMARES and LEI, both part of Wageningen UR, will provide technical and economic knowledge and market intelligence. Add a comment Add a comment