An official JV company has been established with the Moroccan giant mattress and related products producer – Uni-Confort Maroc Dolidol, and Techno style – one of Ethiopians major furniture and related product producer.
Ethiopian Investment Commission (EIC) said it will fully support this partnership in order to maximize their job creation, export rate and destination.
Spread the NewsGovernment officials have urged the diaspora to invest in Ethiopia. Ethiopia Diaspora Investment Forum and exhibition officially launched on Tuesday at Skylight hotel with the presence of senior government officials. The forum has been intended to reveal the potential investment opportunities in Ethiopia. Lelisse Neme, Ethiopia Investment Commissioner said that from among 800…
Spread the NewsThe Foreign Minister of the Russian Federation Sergey Lavrov has arrived today (July 26) in Addis Ababa for a working visit to Ethiopia. Deputy Prime Minister and Foreign Minister Demeke Mekonnen and other high-level government officials welcomed the Russian Foreign Minister upon his arrival at Bole International Airport. During his stay in Ethiopia,…
Spread the NewsThe Council of Ministers on Wednesday has given green light for the Ministry of Mines to ink an agreement with the eight companies who are interested to start production of coal in different parts of the country. This new licensing is expected to end import of coal within one year period. Ministry of…
Spread the NewsEthio Telecom, Ministry of Transport and Logistics and Ethiopian Petroleum Supply Enterprise (EPSE) have inked a deal that would enable fuel-subsidy beneficiary vehicles use mobile money platform to pay for fuel at gas stations. Telebirr, a mobile money service, which has been developed by Ethio Telecom, will be used to pay the payment…
Spread the NewsTulu Moye Geothermal Operations (TMGO) has signed a contract with consortium of Mitsubishi Corporation and SEPCOIII Electric Power Co. Ltd. to develop energy from geothermal energy in Assela, Eteya, Oromiya on Wednesday. The agreement has a cost of over $100 million. TMGO is one of the first Power Purchasing Agreements (PPA) in Ethiopia….
Spread the NewsBy Yared Nigussie Established in 2004, Industrial Parks Development Corporation (IPDC) has constructed 13 industrial parks across the country. The industrial parks have been built with a grand vision of the country’s transforming the economy from agrarian based to that of industry. Scaling-up export of manufactured goods is also the main intention behind…
