The Government of Ethiopia has signed a Memorandum of Understanding (MoU) with Siemens to address the country’s energy and infrastructure sectors.

​​​​​​​Nazrawit Abera, the 27 year old Ethiopian citizen imprisoned in China and facing a possible death sentence over a drug offense is gaining the attention of leading and influential players within the Government of Ethiopia, as well as the international media.

Ethiopia is set to host the eighth edition of the International Conference on Sustainable Industrial Areas in the capital starting on April 8th. To be held at Intercontinental Addis, this is the first time it has been brought to the country, after being held in countries such as India, China, Indonesia, Turkey, Mexico, Morocco and Egypt, previously.

The International Finance Corporation (IFC) – dubbed as the private sector arm of the World Bank Group –has brought together public and private entities to reinitiate the public private dialogue forum.

Joining the Ethiopian investment landscape with a capital outlay of USD 100 million, Cavico Group, an Italy-based textile giant, which has set up shop at the newly inaugurated Kombolcha Industrial Park, has launched the export of specialized synthetic textile products to the European markets, The Reporter has learnt.

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.

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.