Ethiopia eyes attracting Turkish, Dubai business to free zone
With the aim of attracting Turkish and Dubai businesses to its recently established Dire Dawa Free Trade Zone…
Investment
Eastern Industrial Park creates 22,110 jobs for Ethiopians
Eastern Industrial Park (EIP), one of the biggest industrial parks in Ethiopia built by Chinese companies, is said…
U.S. International Development Finance Corporation invests $2.3 billion
The U.S. International Development Finance Corporation (DFC) approved 62 new transactions this quarter totaling more than $2.3 billion…
Vontier completes Invenco acquisition
RVontier Corporation (Vontier) announced today that it completed its previously announced acquisition of Invenco, a leading global provider…
FFS Refiners expansion, job creation with additional investment
FFS Tank Terminals, a wholly owned subsidiary of FFS Refiners, hosted a sod-turning event at the Maydon Wharf…
Domestic resource mobilization: A solution to tackle Africa’s multiple crises
Over the past few years, the African economy has been devastated by multiple crises and external shocks.
IFC investment to support Africa’s digital infrastructure expansion
The latest equity investment of the International Finance Corporation (IFC) in West Indian Ocean Cable Company Holding Ltd…
Three top businesses in Ethiopia for US companies
Below is an overview of the industries with the best prospects, big government purchases, infrastructure projects, and commercial…
Ethiopia coffee export to increase by 560 metric tones
From October 2022 to September 2023 Ethiopia’s coffee exports are anticipated to increase to a 4.72 million bags,…
African Women Impact Fund to drive inclusive investment
The Economic Commission for Africa (ECA) and Standard Bank Group with other partners announced the African Women Impact…
Pan-African Crypto Exchange, Yellow Card secures $40 million
The round, led by Polychain Capital, brings Yellow Card to $57 million total raised, more than any crypto…
Ultimaker, MakerBot announce closing of merger
MakerBot and Ultimaker, two leaders in desktop 3D printing, today announced the completion of their merger.
Sandvik completes PCD tools manufacturer acquisition
Sandvik has completed the previously announced acquisition of the Portugal-based company Frezite.
Ethiopia, Algeria officials discuss investment in pharmaceuticals
Nebiat Getachew Assegid, Ambassador Ethiopia to the People’s Democratic Republic of Algeria, discussed with Dr. Abderrahmane Djamal Lofti…
Ethiopia deputy PM meets Switzerland Ambassador
The Deputy Prime Minister and Foreign Minister Demeke Mekonnnen met on Thursday, the Ambassador of Switzerland in Ethiopia,…
IGAD urges Ethiopia, Sudan to stop war
The Intergovernmental Authority on Development (IGAD) urges Ethiopia and Sudan to refrain from further actions that will lead…
Kazana Group of Ethiopia chairman joins 100 Changemakers List
Kazana Group of Ethiopia chairman, Mr. Addis Alemayehou is named in the Rest of the World (RoW)’s 100…
Venture Capital education attracts hundreds of Africans
Dream Venture Capital (Dream VC) latest training on venture capital for Africans has attracted hundreds of applicants from…
Africa’s communication industry set for exciting future
BHM Research & Intelligence has announced that starting this year, its annual report on the public relations and…
Ethiopia expresses concern on US Bill HR6600, S.3199
The Deputy Prime Minister and Foreign Affairs Minister Demeke Mekonnen expressed his concern to a US official about…
Ethiopia postpones privatization of Ethio Telecom
The Ministry of Finance of Ethiopia said it has decided to postpone it plan of partial privatization of…
Africa Investment Forum virtual boardrooms attract $32.8 billion
The Africa Investment Forum boardrooms have drawn $32.8 billion in investment interest in bankable projects.
Slovenia eyes strengthening investment relation with Ethiopia
Ambassador Tomaz Kun Stelj, Slovenia’s Ambassador in Rome met with Ethiopian Ambassador in Italy, Ambassador Demitu Hambisa and…
US launches $60 million investment to lift up Ethiopia’s youth
The United States through the United States Agency for International Development (USAID) launched a new investment of $60…
Time for United States to invest in Africa, says US official
United States Congressman Gregory Meeks has warned that the United States will only be part of the future…
East Africa Finance Summit to focus on future of finance
Focusing on the future of the financial sector, the 5th edition of East Africa Finance Summit is set…
Africa Investment Forum to showcase $57 billion bankable projects
The Africa Investment Forum is set to showcase $57.4 billion bankable projects during the meeting, scheduled to take…
U.S. Development Finance Corporation invests $9 billion in Africa
(FIGURE REVISED) – The U.S. Development Finance Corporation has so far invested $9 billion in 300 projects in…
African Union – European Union Summit opens
African leaders and their counterparts from Europe are gathered in Brussels, Belgium for the two days African Union…
Investors forecast dramatic expansion in Africa
Professional investors forecast dramatic expansion in the levels of investment in Africa by pension funds and large corporates…