Addis Ababa, June 4, 2025 (FMC) – African Export-Import Bank (Afreximbank) has praised Ethiopia’s transformative economic reforms, reaffirming its commitment to scaling up continued support for one of Africa’s fastest growing economies.

Client Relations Acting Group Managing Director at Afreximbank, Eric Monchu Intong commended Ethiopia’s immense reforms being implemented in various spheres.

“Ethiopia is making us proud and giving us hope; the reforms have been immense in the financial sector, the deregulation of the FX market, and the encouragement of local manufacturing for import substitution,” he said.

Addis Ababa, June 4, 2025 (FMC) — The Ethiopia-Belgium Business Forum has given us the opportunity to explore Ethiopia’s extensive investment prospects, Chamber of Commerce, Industry and Agriculture for Belgium, Luxembourg, Africa, Caribbean, and Pacific Commercial Director Thomas De Beule said.

The commercial director who is among the 14-member Belgian delegation is on a business tour in Ethiopia.

De Beule said “I think we’ve done a milestone in the relationship between Ethiopia, Belgium and Luxembourg.”

The MoU signed will foster a stronger relationship between the three (Belgium, Luxembourg, Africa, Caribbean, and Pacific) strong economies, companies in agriculture and IT.

Addis Ababa, June 3, 2025 (FMC) — As Ethiopia pursues ambitious development goals and deepens economic ties with China, Huajian Group stands out as a pioneering investor driving progress and partnership between the two nations.

The Chinese company recently signed a $100 million investment agreement to develop solar energy production in the Geda Special Ec Founded in 1997, Huajian Group is one of China’s leading footwear manufacturers and exporters, renowned for combining innovation with industrial scale. The Group has built a strong presence in Ethiopia over the past decade, having invested $150 million in its Dukem Industrial Park projectonomic Zone (GSEZ), marking its position as the first investor in the zone and reinforcing its long-term commitment to Ethiopia’s growth . . . ..

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Addis Ababa, June 2, 2025 (FMC) – Ethiopia is more prepared than ever to welcome foreign investment, according to Mr. Zeleke Temesgen, Chief Commissioner of the Ethiopian Investment Commission (EIC).

Delivering opening remarks at the Ethiopia–Belgium–Luxembourg Business Forum in Addis Ababa, the Chief Commissioner highlighted that Ethiopia has undertaken over 80 legal and regulatory reforms as part of its homegrown economic reform agenda.

“These reforms have created a more favorable and accessible investment environment, enabling the smooth implementation of investment projects,” Zeleke said. He emphasized that the government is closely working with all stakeholders to further enhance Ethiopia’s competitiveness as an investment destination.

Addis Ababa, May 27, 2025 (FMC) — ET Mineral Development Co. Ltd.’s coal washing plant in Tarcha, Dawro Zone, has processed and sold more than 38,000 tons of coal since its inauguration earlier this year, marking a significant stride in Ethiopia’s efforts to reduce coal imports and bolster local production.

The facility was officially inaugurated on January 24, 2025, by Prime Minister Abiy Ahmed (PhD), who highlighted its dual role in enhancing national coal output and generating employment opportunities for the local community.

According to Gebre-Mariam Setegn, Director General of the Regional Mining and Energy Development Agency, the plant boasts a daily processing capacity of 3,600 tons.

Addis Ababa, May 23, 2025 (FMC) — Delegates attending the 20th International Labour Organization (ILO) Regional Conference for Labour-Based Practitioners have praised Ethiopia’s industrial parks and development programs, describing them as exemplary models for job creation and inclusive growth.

Representatives from various African nations and international organizations shared their impressions following visits to key development sites in Addis Ababa, including the Bole Lemi Special Economic Zone and the Ethiopian Construction Works Corporation.

Of particular note was the Bole Lemi Industrial Park—Ethiopia’s first industrial park, launched in 2014—which has successfully attracted international investment. Delegates were impressed by several features, including large-scale job creation, worker welfare provisions, housing, schools and kindergartens for employees’ children, . . . .

Addis Ababa, May 22, 2025 (FMC) — MIDROC Investment Group has officially inaugurated the first phase of its Coated Calcium Carbonate Production Plant in Awash 7 Kilo, Afar Region, marking a significant milestone in Ethiopia’s industrial development.

The facility was inaugurated today in the presence of Afar Regional State Chief Administrator Mr. Awol Arba, MIDROC Investment Group CEO Mr. Jemal Ahmed, and other invited guests.

Speaking at the event, Mr. Andualem Wolde-Mariam, Deputy Manager of Modern Building Industries Pvt. Ltd. under MIDROC, described the factory as a pioneering project in Ethiopia’s industrial landscape. The plant is designed to produce coated calcium carbonate — a crucial raw material used in manufacturing water pipes, plastic goods, shoe soles, pharmaceuticals, sponges, and cable products.

Addis Ababa, May 17, 2025 (FMC) — Leading Chinese automotive manufacturer, Guangzhou Automobile Group (GAC), has entered the Ethiopian electric vehicle (EV) market and marking a crucial step in the country’s transition towards sustainable transportation.

The company has launched a range of electric vehicles in Addis Ababa and has partnered with another Chinese company, Huajian, to provide sales and after-sales services nationwide.

Speaking at the launching ceremony, Zeleke Temesgen, Commissioner of Ethiopian Investment Commission, said that since the last seven years Ethiopia has done lots of amendments of investment policies to attract foreign investors especially manufacturers.

“Over the past six to seven years, the Ethiopia government has taken very bold measures, particularly to open up the economy and more particularly also to attract foreign investment into Ethiopia,” he emphasized, . . . . .

Addis Ababa, May 17, 2025 (FMC) — Ethiopia has done a tremendous job in attracting new investors and FDI by improving regulations and the investment climate, Embraer (one of the largest aerospace companies in the world) Institutional Relations for Africa and Middle East General Manager Hussein Dabbas said.

The general manager told local news agency that Ethiopia has been improving regulations, the investment climate, and all the regulatory frameworks that attract investors to come and invest in the country.

Coming from an aircraft manufacturer company, “we see that Ethiopian Airlines is the largest airline in Africa and one of the biggest in the world,” he said.

Addis Ababa, May 16, 2025 (FMC) – The Development Bank of Ethiopian (DBE) has affirmed the substantial potential for international investment within Ethiopia’s banking sector.

Speaking at the Ethiopia Finance Forum in Addis Ababa, DBE President Emebet Melese emphasized the viable and untapped potential for foreign financial institutions.

She also pointed out the expanding population and the rising need for modern financial services, noting the increasing demand for digital banking solutions among the digitally inclined current generation.

Addis Ababa, May 13, 2025 (FMC) — More than 830 industries that had ceased production due to various reasons have resumed operation after the Made in Ethiopia Movement in Ethiopia, according to the Ministry of Industry.

Industry State Minister Tarekegn Bululta told l9cal news agency ENA that a range of measures are being taken to enhance the sector’s contribution to the national economy.

The current contribution of the sector to the Gross Domestic Product (GDP) stands at less than 6.8 percent, but concerted efforts are being exerted to boost this to 17.2 percent, he said.

As a result, many industries that had been non-operational for various reasons have resumed operations, significantly contributing to job creation and foreign exchange earnings.

Addis Ababa, May 12, 2025 (FMC) — Ethiopia is accelerating its efforts in opening up its business environment to attract more foreign direct investment (FDI), senior government officials announced.

Speaking at the opening of the Invest Ethiopia 2025 high-level business forum in Addis Ababa, Finance Minister Mr. Ahmed Shide emphasized the country’s favorable investment climate, highlighting key advantages such as vast arable land, abundant water resources, a young and educated labor force, and emerging infrastructure.

He also noted that Ethiopia remains one of Africa’s top investment destinations, driven by the government’s homegrown economic reform agenda, which focuses on macroeconomic stability and sustainable development.

Addis Ababa, May 11, 2025 (FMC) — Special Economic Zones (#SEZs) in Ethiopia are yielding tangible results by expanding diverse investment and creating sustainable market linkages for farmers, Deputy CEO of the Industry Parks Development Corporation (IPDC) said.

The IPDC highlighted that following the national reforms, Ethiopia’s capacity to execute government projects within timeframe and quality standards has increased.

The Deputy CEO, Zemen Junedi, stated that the economic reforms have brought about fundamental amendments on operational regulations and directives.

He noted that the reforms have addressed bottlenecks in the investment sector, creating conducive investment options for foreign developers.

Addis Ababa, May 11, 2025 (FMC) — The Ethio-Djibouti Railway (EDR) S.C. has introduced new procedures aimed at strengthening its logistics capacity and delivering integrated services to manufacturers operating within Ethiopia’s special economic zones (SEZs).

The announcement was made during a consultation forum organized by the company to introduce its expanded services and engage with stakeholders from various industrial parks.

Speaking to Fana Digital, EDR’s Global Logistics Director, Mentesnot Yohannes, said the discussions focused on streamlining logistics processes to better meet the needs of manufacturers.

Addis Ababa, May 6, 2025 (FMC) – Ethiopia is advancing its manufacturing sector through increased investment opportunities, expanded market access, and enhanced capital financing mechanisms.

These efforts were prominently showcased at the third ‘Made in Ethiopia’ Expo held in Addis Ababa, where government officials and industry leaders gathered to review progress and promote collaboration.

Chief Commissioner of Ethiopian Investment Commission (EIC), Zeleke Temesgen highlighted the country’s ongoing initiatives to create a stable and attractive investment climate.

He emphasized the government’s dual approach: promoting Ethiopia’s investment potential internationally while strengthening collaboration with domestic stakeholders to improve the business environment.

Addis Ababa,April 29, 2025 (FMC) — Ethiopia’s Finance Minister Mr. Ahmed Shide met with the Vice President of the European Investment Bank (EIB) Mr. Ambroise Fayolle and held a productive meeting on development and investment cooperation.

The Minister expressed gratitude to the European Investment Bank (EIB) for its continued and steadfast support to Ethiopia, particularly in the areas of SME finance, Water, Sanitation, and Hygiene, and Women Entrepreneurship Development, which have made a tangible contribution in advancing Ethiopia’s economic growth and social development.

Addis Ababa, April 25, 2025 (FMC) — Ethiopia’s Finance Minister Ahmed Shide conferred with the International Finance Corporation (IFC) of the World Bank Group on the margins of the 2025 World Bank –IMF Spring Meetings.

In its press release sent to ENA, the high-level Ethiopian delegation, led by Minister Ahmed Shide, had fruitful exchanges with IFC’s Managing Director, Makhtar Diop and discussed Ethiopia’s ongoing reforms and measures taken to boost private sector investments.

The finance minister briefed the counterparts on the implementation of the homegrown macroeconomic reform to modernize the economy toward a market-based economy and the excellent progress thus far, including positive business sentiment from private investors and rise in export levels.

Addis Ababa, April 24, 2025 (FMC) – Chinese businesses see Ethiopia as a strategic destination for investment in Africa, according to Gao Yunlong, Vice-Chairman of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), Chairman of the All-China Federation of Industry and Commerce (ACFIC), and President of the All-China Chamber of Industry and Commerce (ACCIC)

The CPPCC Vice-Chairman made this claim during his discussion with Chief Commissioner of Ethiopian Investment Commission (EIC) Zeleke Temesgen, at the EIC premises in Addis Ababa today.

The two sides held productive discussions focused on enhancing investment cooperation between Ethiopia and China, particularly in areas of industrial development, infrastructure, and manufacturing.