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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.

China sends business delegates

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.

Investors seek govt’s protection

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.