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May 20, 2023 (FBC) -Ethiopian Investment Commission, investment promotion delegation led by Temesgen Tilahun, Deputy Commissioner of Ethiopian Investment Commission visited China’s Chamber of Commerce for Import and Export of Textiles(CCCT).

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   The Ethiopian Government is committed towards improving the investment climate and attracting investments by ensuring a favorable environment 

Investment In Ethiopia News Highlights

May 19  2023

Addis Ababa, May 19, 2023 (FBC) – Ethiopia’s Consul General in Bahrain, Ambassador Shiferaw Geneti, met with the Royal Government of Bahrain Chamber of Commerce CEO, Dr. Abdullah Bader Al Sada, yesterday, the Ministry of Foreign Affairs of Ethiopia confirmed.

Amb. Shiferaw stated that Ethiopia is a popular tourist destination with a significant inflow of foreign direct investment.

He highlighted Ethiopia’s multiple natural and human made resources that give a competitive advantage to foreign investors.

May 19  2023

Addis Ababa, May 19, 2023 (FBC) – The Ethiopia-UAE Business forum was held in Abu Dhabi aimed at promoting Ethiopia’s investment potential.

Lelise Neme, Ethiopian Investment Commissioner provided a detailed briefing on investment opportunities and favorable policies put in place to create enabling business environment.

Ethiopian Ambassador to UAE, Oumer Hussein and the commissioner emphasized the readiness of the government to provide all the necessary support to investors interested to enter the Ethiopian market.

The forum has enabled the Ethiopian delegation to facilitate networking and strengthen bilateral ties with UAE and foster optimism for investment in Ethiopia, according to Ethiopian Investment Commission.

May 19  2023

Addis Ababa, May 19, 2023 (FBC) – Ethiopian Investment Commissioner, Lelise Neme and Consul General Ambassador Aklilu Kebede met with General Manger of Dubai Investment Park (DIP), Omar Al Mesmar.

During the discussion, Omar Al Mesmar expressed DIP’s interest in investing in the development of an Industrial park in Ethiopia.

Lelise stated that the Government of Ethiopia has put in place incentives and related supports to businesses interested to invest in Ethiopia, adding EIC’ would facilitate the implementation of the project.

May 18  2023

Addis Ababa, May 18, 2023 (FBC) –  Commissioner of Ethiopian Investment Commission, Lelise Neme, held discussion with a group of key UAE investors today on the opportunities and incentives offered by the government for those interested to invest in Ethiopia.

In the discussion themed “Business Opportunities in Ethiopia,” the Commissioner highlighted the numerous support frameworks for investors from licensing to full operation, as well as the reform initiatives carried out by the government to make business easier.

May 18  2023

Addis Ababa, May 18, 2023 (FBC) – The Minister of Mines, Habtamu Tegegn has discussed with Ambassadors of Australia and Italy on how to enhance cooperation between Ethiopia and the respective countries in the mining sector.

The Minister of Mines, Engineer Habtamu met with the Australian Ambassador of Australia to Ethiopia Julia Niblett and the Italian Ambassador Agostino PALESE and held a discussion on ways of strengthening cooperation in the mining sector.

The minister assured the Ambassadors that the Government is committed to provide all necessary support to the mining companies of both countries interested to come to Ethiopia and invest in the mining sector.

May 17  2023

Addis Ababa, May 17, 2023 (FBC) – The commencement of Ethiopian Airlines direct flight between Addis Ababa and Atlanta will serve as a bridge for the development of socio-economic cooperation between the two sister cities by facilitating tourism, trade, investment and cultural exchanges, Ethiopian Airlines Group CEO, Mesfin Tasew underscored.

Ethiopian Airlines, the largest network operator in Africa has officially commenced a new service between Addis Ababa, Ethiopia and Atlanta, USA on Tuesday.

During the inaugural ceremony, Ethiopian CEO said Ethiopian Airlines uses Addis Ababa as its main hub and gateway to connect Africans together and to the rest of the world.

May 17 2023

Addis Ababa, May 17, 2023 (FBC) – Commissioner of the Ethiopian Investment Commission (EIC), Lelise Neme and FDRE’s Consul General Ambassador Aklilu Kebede, met with  the management of NAFCO, a leading manufacturer and supplier of fire protection systems, firefighting equipment, safety and security systems in Dubai and Mohammed Omar Bin Haider Holding Groups (MOBH) to discuss investment opportunities in Ethiopia.

During the meeting Commissioner Lelise shared Ethiopia’s investment potential and opportunities that the country can offer to Dubai Companies.

She also gave the broad Ethiopian government economic and investment reforms undertakings.

May 16  2023

Addis Ababa, May 16, 2023 (FBC) – Ministry of Urban and Infrastructure held a press briefing on the forthcoming Big 5 Construct Ethiopia Expo to be held in Addis Ababa from 18-20 May 2023.

During the press briefing, Sani Chaltu, the Urban and Infrastructure Minister, stated that the Big 5 Construct Ethiopia Expo will be instrumental in promoting the construction industry in the country.

Big 5 Construct Ethiopia, the first in its kind in Ethiopia, will be hosted in partnership with international organizations at the Millennium Hall, according to the Minister.

May 16  2023

Addis Ababa, May 16, 2023 (FBC) – Commissioner of the Ethiopian Investment Commission (EIC), Lelise Neme, met with Regional manager of the Middle East and Africa of Dubai International Chamber Khalid Alali.

During the meeting they discussed about new Investments and more collaboration on investment partnership and investment promotion of Dubai Chambers and EIC.

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks.

May 16  2023

Addis Ababa, May 16, 2023 (FBC) – Ethiopian Investment Commission (EIC) and China Investment Promotion Agency (CIPA) have reassured commitment to enhance investment and trade relations between Ethiopia and China.

EIC investment promotion delegation is visiting Beijing, China.

The delegation held a meeting with officials of China Investment Promotion Agency (CIPA).

During the meeting the two sides discussed progress made on the joint plan of action since the investment and trade promotion and facilitation cooperation MoU signed in 2022.

May 15  2023

Addis Ababa, May 15, 2023 (FBC) – China’s Ambassador to Ethiopia Zhao Zhiyuan recommended that Chinese business people invest in Ethiopia’s rewarding manufacturing sector. 

The ambassador told ENA that Ethiopia has great potential for Chinese investors to engage in the rewarding manufacturing sector.

Noting that Ethiopia has great potential in every area, mentioning the industry and agriculture sectors, Zhao pointed out that especially the manufacturing sector is favorable and rewarding for Chinese investors. 

“Ethiopia has great potential in every area; in agriculture, in industry and in other areas,” Zhao observed.

May 12  2023

Addis Ababa, May 12, 2023 (FBC) – The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) and China International Import Expo (CIIE) Bureau have signed MoU to promote the bilateral trade ties between Ethiopia and China.

The MoU is also aimed to create a market link between enterprises of Ethiopia and China.

President of ECCSA, Melaku Azezew and CIIE Representative Pi Jing have signed the MoU representing their respective countries.

On the occasion, the CIIE Representative noted that the Bureau symbolizes China’s keen interest to share its market with Ethiopia, pledging commitment to help Ethiopian companies enter the Chinese market.

May 09  2023

Addis Ababa, May 9, 2023 (FBC) –Industrial Parks Development Cooperation (IPDC) has announced that AGY, a company that produces iodized salt will enter Samara Industrial Park for production.

The company will begin operation by taking over 2000 square meters of serviced land and building its own processing plant with registered investment capital of more than 250 million birr.

When the company starts operation on a full capacity, it will create job opportunities for more than 350 citizens, IPDC has said.

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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.