Foreign Direct Investment into Ethiopia down 10%
Foreign Direct Investment (FDI) into Ethiopia, the 8th largest economy in Africa, has declined by 10% to $3.6…
Manufacturing
Korea recommends fast-track industrialization strategies to Africa
By Andualem Sisay Gessesse – Busan, South Korea – Korea, which managed to become the world’s high-tech industries…
Institutions collaborate to introduce staple crop processing zones in Africa
With objective of speedup the development of manufacturing industries in Africa the United Nations Industrial Development Organization (UNIDO)…
Manufacturing industry share in Africa goes down
Industrial development and value addition in the manufacturing sector in Africa has declined over the last eight years…
Government role crucial for industrializing Africa, AfDB says
By Andualem Sisay Gessesse, Busan, Korea – If African countries have to replicate the industrialization development model of…
Nissan records growth in South Africa after best year 2000
Nissan, the Japanese manufacturer hit 10% market share in South Africa in fiscal year 2017, with passenger vehicle…
Top joins Ethiopia’s growing water bottling business
By Adualem Sisay Gessesse – With a total investment of 273 million birr (around $10 million), ‘Top’, new…
Boortmalt Malting set to open malt factory in Ethiopia
In order to satisfy the increasing demand of breweries in Ethiopia, Boortmalt Malting of Belgium is set to…
Dangote tells investors to produce the entire value chain
At the Financial Times’ 4th annual Africa Summit at Claridges in London, Africa’s most successful business leader Nigerian…
African Development Bank provides $200 million for African industrialization
The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line…
Nissan celebrates 150 million vehicles produced globally
Nissan Motor Co., Ltd. has reached a new milestone with 150 million vehicles produced globally, the Japanese automobile…
UN agency urges Uganda to make industrial policy more effective
In the last two decades, Uganda’s economy has been performing impressively and has managed to reduce, by over…
Ethiopia to end malt import boosting local production
By Andualem Sisay Gessesse Geletu Tafa, father of six children, is one of the over 20,000 smallholder contract…
Dangote Cement sales volume in Africa increases 12%
Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June…
United States manufacturing tech solutions provider targets Ethiopia, Ghana
SEYCONTECH LLC, a United States- based manufacturing technology solution provider, says it is working to help solve the…
Ontex opens first production facility in Ethiopia
By Elias Gebreselassie – Personal hygiene products manufacturer Ontex opened its first production plant in Ethiopia under its…
Concerns over wages as Ethiopia introduces textiles industrial park
By Andualem Sisay Gessesse – Hawassa, Ethiopia– In summary: Following the economic growth of Asian and Far East…
Indian Tech Company set to green Ethiopia’s industries
Ethiopian government has decided to continue working with Arvind Limited, one of India’s leading companies, as its partner…
Afreximbank provides $200 million for Egypt’s industrialisation
The African Export-Import Bank (Afreximbank) has approved a $200 million industrialisation liquidity facility for Egypt’s Banque Misr for…
Report urges African countries to design better strategies to unlock entrepreneurs potential
African governments need to design better strategies in order to unlock the potential of African entrepreneurs and accelerate…
Ethiopia eyes shifting from importing to exporting plastic products
BY ANDUALEM SISAY GESSESSE –Following the increasing interest of both foreign and local investors in plastic products manufacturing,…
UN agency advices Uganda to focus on industrialization
Uganda needs to foster a higher level of industrial development to drive its economic transformation, the United Nations…
Ethiopia gets first chocolate factory
Haredo LLC chocolate company announced the completion of its around $5 million investment (110 million birr) brand new…
Dakar host African integration, industrialization meeting
In an effort to develop regionally-driven recommendations for accelerating integration and industrialization in Africa, a high-level event is…
Nigeria becomes self-sufficient in cement production
Nigeria has become self-sufficient in cement production and is now an exporter of the commodity, the government said.
Ethiopia expects boosting textiles revenue tenfold to one billion dollar
Increasing its current earnings from textiles export by tenfold, Ethiopian government expects to generate one billion dollars per…
Nigerian delegation urges Afreximbank to finance Abia State’s industrialization effort
A delegation from Abia State of Nigeria, led by Governor Okezie Ikpeazu, today in Cairo conducted a one-day…
Return tax incentives or export Ethiopia warns agro-processors
By Andualem Sisay Gessesse – The Ethiopian government vows to force tax incentive beneficiary manufacturing companies return the…
Ethiopians prefer driving home-grown cars
By Luc van Kemenade for newBusinessEthiopia.com With public purchasing power on the rise, Ethiopia’s small but emerging middle…
Italian company to introduce ‘Made as in Italy’ products in Ethiopia
Proras, Italian Engineering and Contracting company, which has been working in Ethiopia for the past nine years, invited…