Ethiopia’s Ministry of Finance and Ethiopian Electric Power (EEP) have signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATIDI) to accelerate the country’s clean energy transition.
Ethiopia is planning, in partnership with Castel (a French wine making group) to start exporting wine from 
the vineyard near Ziway, 170km to the south of Addis Ababa.
The site was chosen in 2008 and 750,000 vines were planted, employing a labour force of 750, mostly local people.
"We want to export nearly half of our production, especially to the United States, which has a large Ethiopian community," Robel Seido, head of sales at Castel, said. According to Seido, the other half of the production will be set aside for the local market, but it will be of a better quality than the few existing table wines in the country.
The U.S. Department of State hosted the “Ethiopia Partnership Forum”, an economic engagement platform organized in by the Secretary of State’s office of Global Partnerships in collaboration with the Corporate Council on Africa, the Millennium Challenge Corporation (MCC) and Citi in Washington D.C.
The federal legislature of Ethiopia, House of Peoples’ Representatives (HPR), promulgated a new income tax law today July 26, 2016.
Ethiopia passed a new investment law on Thursday, clearing the way for foreign investors to have access to several sectors of the economy.
