Report Says Ethiopia Ranks High in Attracting FDI
Ethiopia has been named one of the top 10 African countries with “dynamic” performance in attracting foreign direct investment by a South Africa-based investment bank on Monday, August 3, 2015.
Report Says Most African Countries Transit to Middle Income Status by 2030
The Annual Trends and Outlook Report (ATOR) states majority of low income African countries will make a transition to middle income status by 2030.
Report Shows a Decrease in GDP Growth Rate
According to a new World Bank Group Report, Ethiopia’s GDP growth rate will decrease by 1.3% in the current Fiscal year from last fiscal year’s 10.9% growth.
Official Statistics show that the country’s GDP growth rate averaged 10.3% for a decade.
Representatives from Sakai Heavy Industries Visited Ethiopia
Representatives from Sakai Heavy Industries PLC visited Ethiopia to introduce the company's newly designed road stabilizer machine, The Reporter reported.
Representatives of Ethiopian Leather to Travel to Sudan
Representatives made up of from local tanneries and the Leather Industry Development Institute of Ethiopia are expected to travel to South and North Sudan, this week to review conditions for importing raw and semi-processed leather.
The delegation will evaluate the market and other facilities to be found in the two countries as a preliminary study before beginning imports according to sources at the Institute.
The representatives will visit South Sudan first and go on to North Sudan said experts at LIDI.
