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Category: Business

Ethiopia Advancing towards Equitable Use of Transboundary Groundwater Resources

Addis Ababa: Ethiopia is taking significant strides toward sustainable water management as the Ministry of Water and Energy revealed plans to conduct comprehensive studies on the equitable use of transboundary groundwater resources. The initiative comes in response to the country’s growing population and the increasing demand for water due to

Ethiopia Attracts 65 New Foreign Investors in 3 Months of Current Fiscal Year

Addis Ababa: The Ethiopian Investment Commission reviewed its first quarter of 2017 FY work performance report in the presence of top management and its employees. The commission issued 108 new investment licenses in the stated period. Of the total licenses, 65 are fully owned by foreign investors and 24 others

Ethiopia’s Finance Minister Discusses with representatives from IFC, MIGA

Addis Ababa: Ethiopia’s Finance Minister, Ahmed Shide, met with representatives from the International Finance Corporation and the Multilateral Investment Guarantee Agency (MIGA) on the sidelines of the 2024 World Bank and IMF Annual Meetings. The high-level Ethiopian delegation, led by Minister Ahmed Shide, had fruitful exchanges with IFC’s Managing Director

Export Standard Gelila Shoes Factory Inaugurated in Ethiopia

Addis Ababa: Gelila Shoe Factory which would stimulate Ethiopian manufacturing industry and boost exports was inaugurated today.

The factory, located at the Bole Lemi Industrial Park, is a significant development that marks a new chapter in Ethiopia’…