Ethiopia witnesses an increase foreign direct investment.

Posted on :Monday , 10th October 2022

Ethiopia attracted approximately 3.31 billion US dollars in Foreign Direct Investment (FDI) in the Ethiopian fiscal year 2021/2022, according to the Ethiopia Investment Commission (EIC).

In a press release, EIC stated that 168 investors obtained investment licences during the fiscal year 2021/2022, with 100 investors obtaining investment licences in the manufacturing sector, . . .

The Chinese-built Ethiopia-Djibouti railway on Thursday started vehicle shipment from ports in Djibouti to Addis Ababa, the Ethiopian capital.

Posted on :Tuesday , 6th September 2022

The first vehicle shipment arrived at the Indode Freight Station on the outskirts of Addis Ababa.

A special ceremony was held at the station to mark the arrival of the first shipment.

Abdi Zenebe, the chief executive officer (CEO) of Ethiopia-Djibouti Railway Share Company (EDR), lauded the move, emphasizing that it will help realize the major aspirations of the railway in terms of . . .

G7 DFIs & partners to invest over $80b in Africa’s private sector

Posted on :Tuesday , 15th June 2021

The G7 nations, in collaboration with multilateral partners, have pledged to invest $80 billion in Africa's private sector.

The G7 Development Finance Institutions (DFIs), including the UK's CDC Group, will assist sustained economic recovery and growth in Africa with this investment, which will be phased in over the next five years. The International Finance Corporation of th. . .

Ethiopia & Korea Sign 32 million USD Grant Agreement

Posted on :Tuesday , 30th March 2021

Ethiopia and South Korea have signed a grant agreement worth 32 million USD, which will assist Ethiopia in achieving its development goals based on the Ten Year Prospective Plan and the SDGs.

Yasmin Wohabrebbi, State Minister of Finance, and Kim Dong Ho, Country Director of the Korea International Cooperation Agency (KOICA), signed the deal.

According to th. . .

Over U.S.$1.1 Billion of Investment by Chinese Companies in Ethiopia

Posted on :Friday , 30th October 2020

With nearly 1,564 projects either in operation or under implementation over the past two decades, Chinese companies are the top players in the investment landscape in Ethiopia, both in terms of the number of projects and in terms of financial resources, an official at the Ethiopian Investment Commission (EIC) said.

Speaking exclusively to Xinhua, Mekonen Hailu, Communications. . .