The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new USD 100m Cepheus Growth Capital Fund. The EIB’s USD 10 million participation represents the first backing for an Ethiopia focused fund and one of the first engagements with a single country private equity fund in Africa by Europe’s long-term lending institution.
Ethiopia's Ministry of Finance announced that the new draft excise law has made revisions on new cars, bottled water, and tobacco.
Export and Import Bank of China (EXIM Bank of China) promised 1 billion USD loan for the construction of industrial park in Ethiopia. The industrial park once its construction is over, is expected to host Chinese enterprises.
The expansion work Ethiopia is undertaking on the Bole International Airport (BIA) is expected to be completed by 2018. Upon commencing giving service it is expected to triple the number of passengers the airport handles every year.
Expansion work being carried out on transformer manufacturing plant which is owned by Ethiopian Power Engineering Industry (EPEI) has reached 95 percent completion rate.
