Yirgalem Integrated Agro-Industrial Park has obtained over $4.4 million from exports since it went operational in March 2021, the Industrial Parks Development Corporation of Ethiopia's Sidama region announced.
Ethiopia's Zemen Bank announced floating of shares worth 100 million Ethiopian birr to increase its capital, Capital reported.
Ermias Eshetu, Vice President of Marketing and Corporate Services of Zemen Bank, told Capital that it is initially offering the purchase of the shares to its existing shareholders numbering around 3,000 and any remaining shares will be available to the public.
Ethiopia's Ministry of Finance has signed a grant agreement worth over $31 million with the African Development Bank (AfDB) aimed at supporting the efforts to end child stunting and malnutrition in Ethiopia.
Discussion on strengthening bilateral cooperation in the field of pharmaceuticals was held between Ethiopia and Algeria. The discussion was led by Ambassador Extraordinary and Plenipotentiary of Ethiopia to Algeria Nebiat Getachew and Dr. Abderrahmane Benbahmed, Algeria’s Minister of Pharmaceutical Industry.
Ethiopia’s potential for Algerian pharmaceutical companies, the country’s regulations on the pharmaceutical industry, and the incentives available for investors who engage in the industry were raised during the discussion.
The Arab Bank for Economic Development in Africa (BADEA) signed a letter of intent with the Ethiopian Ministry of Finance. The letter of intent aims to co-finance, with the African Development Bank (AfDB), the integrated agro-industrial parks in Ethiopia.
