The Ethiopian government, via its Communications Authority, has extended an invitation to telecom companies to submit their interest for the acquisition of two nationwide full-service telecommunications licenses.
Ethiopia wants Turkish companies to invest in the business of power generation and transmission line projects, Ethiopian Electric Power (EEP) unveiled.
The Ministry of Agriculture has announced that Ethiopia’s tractor plowing rate has risen from 5.7% in 2020 to 25%, marking a development in agricultural mechanization.
Ethiopia has seen a rise in coffee export despite the COVID-19 pandemic, Ethiopian Coffee Exporters Association disclosed. In the past nine months, Ethiopia has collected some $561 million from its export of Coffee Arabica.
Ethiopia attracted USD 3 billion in Foreign Direct Investment (FDI) during the first 10 months of the current fiscal year. This figure is expected to put the Ethiopian Investment Commission on track to meet its annual target of USD 3.5 billion. Although contributions come from diverse sources, China remains the leading investor, responsible for nearly half of all incoming projects.
