Tuesday, April 16, 2024

Tag: EIC

More nonpartisan officials resign

Weeks after the news of  the former investment commissioner’s resignation broke, more nonpartisan officials are giving-up their leadership roles, with the latest coming from the Job Creation Commission.

Foreign businesses decry taxation, custom hurdles

A group of foreign businesses have echoed their frustration over the taxation and customs laws and procedures that are creating inconveniences in their day-to-day business activities and investment operations.

IFC injects EUR 20 mln in Soufflet Ethiopia

The International Finance Corporation (IFC), a member of the World Bank Group, has financially backed Soufflet Malt Ethiopia – a subsidiary of the French-based Gruope Soufflet – with EUR 20 million to help expand the company’s malt production and for its role involving some 40,000 smallholder farmers in the value chain.

Dubai Chamber of Commerce eyes Ethiopia’s tourism, real estate sector

The Dubai Chamber of Commerce and Industry plans to enter the Ethiopian market with a primary focus of engaging in the tourism as well as the real estate sectors, while facilitating conditions that would enable Ethiopian businesses introduce their products to the United Arab Emirates (UAE).

EIC executive embroiled in social media gaffe  

A heated war-of-words on Twitter between an executive of the Ethiopian Investment Commission (EIC) and an activist has resulted in an accusation of a professional misconduct, prompting the head of the commission, Abebe Abebayehu promising to take an immediate action.