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.

A group of 100 Chinese, representing 57 companies, arrived in Addis and held a series of meetings with officials and local businesses. On Friday, a meeting dubbed “China Zhejiang- Ethiopia Trade and Investment Symposium,” was held and accompanied with the launch of a Liaison Office for Commerce and Trade Arbitrations.

Local and foreign investors engaged in various investment projects in different parts of the country disclosed that the government should ensure peace and stability around investment projects.

Turkish President Recep Tayyip Erdoģan has expressed his plan to pay Ethiopia a state visit next year in March after his country’s national election.