Skip to main content
x

Nordic businesses eye opportunities in Ethiopia

Nordic businesses are zeroing in on opportunities in Ethiopia despite what they are expressing as daunting challenges in the Ethiopia business environment. This was reflected in a seminar organized by the Royal Norwegian Embassy and Embassy of Sweden on October 24, 2018 at the Sheraton Addis Hotel, Addis Ababa.

Investment Commission commissioner resigns

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.

ISUZU to install assembly plant in Ethiopia

​​​​​​​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.

EIC warns Haoneng packaging

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.

French malt maker joins local market

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.

Chinese textile firm to set up shop here

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.