New Business Ethiopia

Ethiopia advises investors from the Netherlands (Dutch investors) to diversify their investments from the horticuture and flower industry and engage in other sectors the East African country is offering.

The country level 12 months moving average food inflation rate in Ethiopia for the month of April 2020 has increased to 23.1 percent from 22.2 percent from the previous month, said Central Statistics Agency (CSA) of Ethiopia said in its monthly inflation update.

Food inflation rate in Ethiopia has increased to 22.2 percent for the month of March 2020 from 20.9 percent the previous month, the state agency said.

The third round of Africa Business Forum scheduled in Addis Ababa, Ethiopia next month is set to focus on investing in people, planet and prosperity.

Prime Minster Abiy Ahmed of Ethiopia, who was in a two – day’s state visit in South Africa invited South African businesses to invest in his planned privatization of state enterprises.

The country level overall inflation rate in Ethiopia (annual change based on 12 months Moving Average) rose by 15.8 percent in December 2019 as compared to the one observed in a similar period a year ago.

Prime Minister Abiy Ahmed of Ethiopia invites Israeli investors to consider investment in his country in telecom, energy, aviation and logistics sectors.

Ethiopia, the east African nation currently facing severe energy shortage, is set to begin implementation of a new 520 MW geothermal electric power project.