Ethiopia: NorFund Invested 7.4 Million USD in Verde Beef
The Norwegian Investment Fund for Developing Countries (Norfund) has made a USD 7.4 million investment in Verde Beef Processing PLC, an Ethiopian beef producer.
Ethiopia: North Holdings Investment Inc. to Build Cement Factory
North Holdings Investment Inc., U.S. based Ethiopian-American company is to build a cement factory with US$ 800 million investment near Dejen town, in Amhara Regional State, according to The Reporter.
Ethiopia: North Shoa Registers New Investments Worth Birr 42 Billion
The North Shoa Zone in Ethiopia has seen a significant increase in investment in the past year. The zone initially planned to register investments totaling Birr 25 billion, but it ended up receiving investment registrations amounting to over Birr 42 billion. This is a 72% increase over the original target.
Ethiopia: Norway granted Generalized System of Preference to Ethiopia
The Norwegian government has granted Generalized System of Preference (GSP) to Ethiopia, allowing the country's products to enjoy tax exemption on entering the Norwegian market, according to The Reporter.
Ethiopia: Number of Investors Grew by Threefold
Ministry of Foreign Affairs disclosed number of investors interested in starting business as well as investing in Ethiopia has shot by threefold in the past two years.
