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.
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.