At the helm for a mere six month after replacing the long-time commissioner, Fitsum Arega; the recently promoted commissioner of an institution that has become an important government agency in charge of luring foreign investment and changing the narrative of the nation, Belachew Mekuria (PhD) has cited family obligations as a reason for his resignation.

The state-owned maritime monopoly, the Ethiopian Shipping and Logistics Service Enterprise (ESLSE) said that it is optimistic of winning a tough competition to take over the Eritrean Port of Massawa which has not been offering regular operations.

The Ethiopian Investment Commission (EIC) has made an announcement that individual investors are looking to buy the whole manufacturing sheds of an industrial park on lease terms.

​​​​​​​After a half a century stay in the Ethiopian trade business, local dealers and Isuzu Motors International via Itochu Corporation — the trading and export house of Isuzu Motors – have reached terms to set up an assembly line in Ethiopia, The Reporter has learnt.

The Ethiopian Investment Commission (EIC) warned the Chinese company – Hoaneng packaging PLC – after finding it engaged in a business activity assigned only to Ethiopians and engaging in the production of materials other than what is prescribed in the license, The Reporter has learnt.

With an initial capacity of malting 60,000 tons of barley per year, France-based Malteries Soufflet – a major international player in the global malt market – has agreed to join Ethiopia's malt industry.

The Ethiopian Investment Commission (EIC) this week announced that various foreign companies have pledged to invest USD two billion in the textile and garment manufacturing sector.

Following an agreement between the Ethiopian Investment Commission (EIC) and the Chinese Wuxi No. 1 Cotton Investment Co. Ltd., a subsidiary of Wuxi Guolian Develoment Group, the textile manufacturer is set to install a plant inside the soon-to-be inaugurated Dire Dawa Industrial Park.