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Chinese corporate leaders strengthen ties, trade relations

A large delegation of Chinese corporate leaders from the Shandong region has visited Ethiopia this week. Headed by the China Council for the Promotion of International Trade of Shandong Sub-Council, the delegates met with their counterparts in Ethiopia and held a Shandong Ethiopia Business Forum in the capital.

Coca-Cola to invest USD 300 mln in Ethiopia

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.

Startup Ethiopia secures commitments from gov’t, investors

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.

Time to reach out

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.

Sher Ethiopia sales minority share to SGI Frontier

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.

Italian textile maker unveils export of synthetic products

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.

DBE to foreclose on Ayka Addis

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.

German companies see positive economic prospect for Ethiopia

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.