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Economic News Headlines

– Why China-built electric railway linking landlocked Ethiopia to sea matters to Beijing and Africa   Ethiopia’s political troubles are going to test its beneficial China relationship   Ethiopia Moves Toward Privatization. It’s Not about Money. It’s About Tech.   Successful business ideas that mattered the most for Ethiopia in 2016   Gov’t Plans Industrial […]

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29 May 2016 Economic News Round-Up

 . South Korean President concludes official visit to Ethiopia Addis Ababa, May 28, 2016 (FBC) –South Korean President Park Geun-hye has left for Kampala, Uganda today, after concluding her four-day state visit to Ethiopia. The President was bode a farewell by Prime Minister Hailemariam Desalegn of Ethiopian at Bole International Airport. The South Korean President […]

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12 April 2016 Business News Update

. Fitch Affirms Ethiopia at ‘B’; Outlook Stable . . Fitch Ratings-Paris/London-08 April 2016: Fitch Ratings has affirmed Ethiopia’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘B’. The Outlooks are Stable. The issue rating on Ethiopia’s senior unsecured foreign currency bond has also been affirmed at ‘B’. The Country Ceiling has been […]

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1 – 26 March 2016 Economic News Round Up

. Derba Cement plans to erect second plant . . 26 Mar, 2016 By Kaleyesus Bekele  . Derba Cement, one of the subsidiary companies of MIDROC Ethiopia, is to undertake a massive expansion project at its cement plant in Derba at a cost of 300 million dollars.  Haile Assegidie, CEO of Derba Cement, told The […]

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1 March 2016 Business News Briefs

. Leading German food processing, packaging companies seeking partnership in Ethiopia  . Addis Ababa, February 29/2016  –  . Some 14 representatives of international leading German food processing and packaging companies have expressed interest to do business in Ethiopia. . Speaking on behalf of the German delegates today, Managing Director of VDMA Food Processing and Packing […]

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22 February 2016 Business News Briefs

. Ethiopia fulfilling responsibility for Africa’s economic integration: PM Hailemariam . Addis Ababa, February 20, 2016 – . Business for Africa, Egypt and the World Forum, meant to promote African ties and partnerships, opened today in Sharm el-Sheikh, Egypt in the presence of high level government and business leaders. The two-day event was graced by […]

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08 February 2016 News Round-Up

. H&M launches industrial relations programme in Ethiopia February 08, 2016  . Swedish clothing major H&M, International Labour Organization (ILO) and Swedish International Development Cooperation Agency (SIDA) have launched an industrial relations project aiming to improve the development of a socially sustainabletextile and garment industry in Ethiopia. In a statement, H&M said promoting a well-functioning […]

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22 January 2016 Economic News Briefs

Ethiopia finalizes national soil fertility mapping survey Addis Ababa, January 20, 2016  – The Ethiopian Soil Information System has said that only eight months remains to finalize the country’s soil fertility mapping with 490 districts having so far been covered in the survey. The soil fertility survey has covered Tigray, Amhara and Southern Nations, Nationalities […]

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25 November 2015 Business News Round-Up

. Ethiopia earmarks $1.3 billion for first phase industrial parks  . Addis Ababa, November 24, 2015  – . Ethiopia has set aside 1.3 billion US dollars for industrial parks to be built in first phase, according to Dr Arkebe Equbay, Special Advisor to the Prime Minister. The advisor made the remark here today at a […]

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09 November 2015 Economic News

. SNC wins contract to build Ethiopian potash mine and processing facility . Greenfield project designed to produce 600,000 tonnes of sulfate of potash per year November 9, 2015 by Canadian Manufacturing.com Staff MONTREAL—SNC-Lavalin has been awarded an engineering, procurement and construction management contract for a potash mine and processing facility in northeastern Ethiopia. The […]

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