Local investors and representatives of businesses have paid a visit to Bole Lemi and Kilinto industrial parks in Addis Abeba.
Officials at the Industrial Parks Development Cooperation (IPDC) briefed the incentives and opportunities provided to local investors.
IPDC officials further explained the performances of the industries during the visit. Supporting schemes to the industries were also briefly discussed with the investors.
Spread the News Ethiopia Electric Utility (EEU), the state-agency engaged in selling electric energy, has planned to generate 43.1 billion Birr from the sale of electric energy and other revenues in 2022/23 budget year. Shiferaw Telila, CEO of EEU told the media in a presser on Thursday about his institution’s plan. “EEU has also a…
Spread the NewsMelaku Alebel, Minister of Industry said Wednesday that 322 manufacturing industries have curtailed operations due to various predicaments. Previously, 440 manufacturing industries were curtailed operations. “But, 118 companies were resumed productions,” Melaku said. Lack of finance, inputs, deficiency of infrastructure and poor quality, and shortage of foreign currency are among the problems the…
Spread the NewsEthiopian Investment Commission (EIC) announced Tuesday that the country has attracted a Foreign Direct Investment (FDI) of $2.43 billion in nine months of the current fiscal year. Lelisse Neme, Commissioner of EIC said in a presser on Tuesday that the plan was to attract FDI of $3.63 billion in nine months. The FDI…
Spread the News By Kaleyesus Bekele from Doha, Qatar The CEO of Ethiopian Airlines Group, Mesfin Tasew, elected member of the board of directors of the International Air Transport Association (IATA). Mesfin was elected at the IATA Annual General Meeting which kicked off today in Doha Qatar. Hosted by Qatar Airways, the 78th IATA Annual…
Spread the NewsMinistry of Industry (MoI) has launched e-service platform on Tuesday. The new electronic platform has been developed by experts from MoI and Ministry of Innovation and Technology (MiNT), according to a report from Ethiopian News Agency. Customers can get ten services online in Amharic and English languages. Registration of active public employees for…
Spread the NewsTsehay Bank Share Company is poised to officially launch operations on Saturday, July 23, 2022. Tsehay Bank will officially launch operations at its Headquarters—Meaza Desalegn building—in front of Global Hotel. It has a business motto: “Tsehay Bank for All”. The Bank has collected 734 million Birr in paid-up capital and it has 3…
