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June 6, 2024 (FBC) – CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), Aklilu Tadesse, received representatives of a Colombian Company, Conceptos Plasticos, at his office.

The delegation of Conceptos Plasticos presented detailed explanation on their interest and strategy for their future engagement in Ethiopia.

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Investment In Ethiopia News Highlights

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Feb 13,  2024

Addis Ababa, February 15, 2024 (FBC) – The UN Assistance Secretary and Resident and Humanitarian Coordinator Dr. Ramiz Alakbarov has commended activities in Ethiopia’s industrial parks.

Dr Ramiz extended his appreciation when he toured Bole Lemi Industrial Park together with CEO of Ethiopian Industrial Parks Development Corporation Aklilu Tadesse.

Aklilu briefed the assistant secretary on the ongoing activities in the park particularly in terms of job creation, environmental protection, market link and industrialization.

Dr. Ramiz mentioned the activities as promising, commending the priorities the given to homegrown companies and investors in the parks.

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Feb 15 2024

Addis Ababa, February 15, 2024 (FBC) – Ethiopia-Türkiye Investment and Trade Promotion Forum held in Addis Ababa in participation of members of Turiksih business community, officials of Ethiopian Investment Commission and members of the Ethiopian Chamber of Commerce and Sectoral Association, among others.

The forum discussed ways how to foster trade and economic cooperation between Ethiopia and Türkiye.

Commissioner of the Ethiopian Investment Commission, Hana Arayaselassie, mentioned Türkiye as Ethiopia’s close investment partner. She briefed participants on opportunities in Ethiopia explain about the incentives the government has put in place in order to attract foreign investments.

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Feb 12, 2024

Addis Ababa, February 13, 2024 (FBC) – Ethiopian Ambassador to India, Demeke Atnafu attended the International Business summit and Expo organized by Asian African Chamber of Commerce and Industry Odisha Chapter, at Bhubaneswar from 12-14 February 2024 with the theme ‘Opportunities Beyond Border “The Green Conclave”.

On the event, Ambassador Demeke, who was also Chief Guest of the Summit and Expo, briefed the participants on the business and investment opportunities in Ethiopia particularly in the areas of agriculture, agro-processing, manufacturing, mining, ICT and tourism.

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Feb 05, 2024

Addis Ababa, February 5, 2024 (FBC) – Gelila PLC, a firm engaged in the production of leather goods, is poised to commence operations with a substantial investment capital of 2 billion Ethiopian birr.

In the course of his deliberations with Mr. Berhe, the proprietor and Chief Executive Officer of the aforementioned company, Mr. Aklilu Taddese, the Chief Executive Officer of the Industrial Parks Development Corporation of Ethiopia, affirmed that the corporation’s backing will persist until the company attains full operational capacity.

Mr. Aklilu expounded that Gelila Leather Goods Manufacturing Company has deployed the aforementioned capital of 2 billion birr in the acquisition of a 7,000-square-meter parcel of land within the precincts of Bole Lemi Industrial Park.

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Feb 03, 2024

Addis Ababa, February 3, 2024 (FBC) – Mitsubishi Corporation (MC), a giant Japanese multinational integrated business entity, has articulated its keen interest in exploring investment opportunities associated with trading within the Dire-Dawa Free Trade Zone.

Mr. Shigeyuki Ikeda, the General Manager of Mitsubishi Corporation, undertook visits to Hawasa, Adama, and Bole Lemi Industrial Parks, as revealed by the Industrial Parks Development Corporation.

After his visit, he engaged in a discussion with Mr. Zemen Junedin, the Deputy Chief Executive Officer of the Investment Promotion and Marketing Department at the Industrial Parks Development Corporation. ...

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Jan 24, 2024

Addis Ababa, January 24, 2024 (FBC) – Giant Canadian companies with significant potential in the mining and agro- processing industries are currently making preparations to invest in Ethiopia, Ethiopian Ambassador to Canada, Fitsum Arega said.

In an exclusive interview with ENA, Ethiopian Ambassador to Canada, Fitsum Arega said the embassy is promoting Ethiopia’s investment opportunities and favorable conditions in various spheres.

Thus, Canadian investors with high potential in the mining and agricultural processing sectors are in the process of investing in Ethiopia, the ambassador elaborated.

The ambassador pointed out that Canada is home to large companies with high experience and competence in mining development sector.

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Jan 24, 2024

Addis Ababa, January 24, 2024 (FBC) – The UK Embassy in Addis Ababa yesterday marked the launch of the Africa Resilience Investment Accelerator (ARIA) initiative in Ethiopia.

ARIA, led by British International Investment and Dutch Entrepreneurial Development Bank aims to foster collaboration between development financial institutions and local private sector to unlock new investment opportunities.

The initiative is also said crucial in leading to more foreign exchange and increasing productivity.

Participants of the vent also celebrated the landmark 40 million USD investment in to Dashen Bank in which the two institutions teamed up to boost Ethiopia’s agricultural exports.

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Jan 23, 2024

Addis Ababa, January 23, 2024 (FBC) – Minister of State for Political and Economic Diplomacy at the Ministry of Foreign Affairs, Ambassador Mesganu Arga, earlier today met with a Chinese business delegation led by the Vice Chairman of the Department of International Relations of the China Council for the Promotion of International Trade (CCPIT), Zhang Shaogang.

During the meeting, State Minister Ambassador Mesganu briefed the business delegation on the various trade and investment opportunities in Ethiopia. He said Chinese businesses should come and invest in Ethiopia in the agro-processing, chemicals and fertilizer, and steel manufacturing sectors, among others, to further cement the “All-Weather Strategic Partnership” recently announced by the two countries in the wake of Prime Minister Abiy Ahmed’s visit in October 2023.

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HPC Keen To Engage In Data Center Construction In Ethiopian Industrial Parks

Jan 17, 2024

Addis Ababa, January 17, 2024 (FBC) – An German company called HPC, which is based in America, expressed interest to invest in Ethiopian industrial parks. HPC is engaged in data center construction and related ICT sectors.

Industrial Parks Development Corporation’s Investment, Promotion and marketing Division Deputy CEO, Zemen Junedin, received and spoke to the company’s managing partner.

The deputy CEO appreciated the detailed investment request presented by the company and assured that the corporation will provide uninterrupted support for the success of the investment as Ethiopia is starting up huge development in the sector.

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   The Ethiopian Government is committed towards improving the investment climate and attracting investments by ensuring a favorable environment and providing attractive incentive packages to all investors.   With its attractive socio-economic environmental factors and a government with the willingness to develop the sector indicators have shown Ethiopia’s appeal to investors.

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