The Ethiopian Investment Commission (EIC) announced a policy shift allowing companies in industrial parks to sell half their production domestically. This aims to incentivize investment, stabilize market prices, and boost production.
In a bold move designed to boost economic growth, Ethiopia took a major shift in its trade policy. The Ethiopian Investment Commission (EIC) and the Ministry of Trade and Regional Integration jointly revealed that export, import, wholesale, and retail trade sectors would now be open to foreign companies.
Ethiopia's Ministry of Agriculture launched a national Pump and Engine Testing Center that can test and certify both local and imported small scale irrigation pumps and engines.
The Ethiopian Maritime Authority (EMA) has officially granted licenses to five new multimodal transport operators (MTOs), marking a major shift in the country’s logistics sector. This move comes one year after the government ended Ethiopian Shipping and Logistics’ (ESL) 15-year monopoly, allowing new players into the market.
Ethiopia has inaugurated a specialty coffee trading center in Zhuzhou, Hunan Province, as part of ongoing efforts to expand its coffee trade engagement with China.
