Stretching on 14.3 hectares of land, a new Coca-Cola Factory that requires an investment outlay of two billion birr or USD 70 million, said to be the largest plant for coca cola in the country, is set to be finalized early next year, The Reporter has learnt.

Launching blueMoon, a youth agribusiness startup incubation platform two years ago, the economist turned entrepreneur, Eleni Gabre-Madhin (PhD) has organized her debut event “Startup Ethiopia” which has attracted some 3,000 visitors last week, and managed to secured commitments both from the government and investors alike.

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

Ethiopia and Kenya are indeed close when it comes to commitments and partnerships having a history that dates back to the time of Jomo Kenyatta and Emperor Haileselassie I. They enjoy a high level of special status agreements. But this has not translated into higher level of cooperation as aspired long-ago, allowing the two countries to have open borders and free movement of people and goods.

Afriflora Sher Ethiopia has sold a minority share of its operation in the country to SGI Frontier Capital – an American based private equity firm owned by Gabriel Schulze, the CEO of Schultze Global Investment, according to reliable sources who asked to stay anonymous.

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.

The Development Bank of Ethiopia (DBE) is to foreclose on the bankrupted Turkish textile company – Ayka Addis Textile & Investment Group – in the coming one month, The Reporter has learnt.

A growing number of German companies operating in Ethiopia have expressed “high expectations” regarding Ethiopia’s economic prospectsin the coming years, according to the first Business outlook survey conducted by the Delegation of German Industry and Commerce in East Africa and the Embassy of Germany in the capital.

The Social Enterprise World Forum (SEWF), the leading international forum for social entrepreneurship and social investment, is set to be hosted in Addis Ababa next year.