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 […]

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 […]

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 […]

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 […]

Ethiopia crafts high-growth future

by Martyn Davies, February 22 2016, 05:55 .  .   WITH the commodities slump dominating the headlines, many investors may have failed to notice that a previously unloved, nonresource country in the heart of Africa has been one of the world’s fastest-growing economies for a few years running. Ethiopia has been among Africa’s most impressive […]

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 […]

How the US and China are empowering Ethiopia’s private sector

 . By Mima Nedelcovych President & CEO of the Initiative for Global Development Ethiopia’s footwear industry has long been known for producing fine-quality leather shoes and products. With reliable power sources, affordable labour and a fast-growing economy with a forecasted GDP growth of over 10%, it is no wonder that international companies and suppliers are […]

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 […]

In the Fastest-Growing African Economy, Government is the Fuel

Ethiopia is leaning on public spending, Chinese investment for its 8 percent-plus growth pace . by William Davison . . Ethiopia is the new flavor of the month for Africa watchers. . The East African nation led the pack of fastest-growing economies — not just in Africa, but in the world — in 2015. While […]

Ethiopia first to map soil fertility

SOIL REVIVAL: On this farmer plot in Meki, Oromia Region , farmers tackled moisture stress using potash fertilisers. . HAWASSA, ETHIOPIA – A brand new soil fertility mapping project is underway in Ethiopia. It is the first of its kind in Africa.  “I’m excited because different African countries are coming to Ethiopia to learn from […]