BY ABN # Somalia and Ethiopia have announced plans to invest in “four key seaports” and an international highway network as a way of attracting foreign investment. The agreement was reached after a meeting in Mogadishu between President Mohamed Abdullahi Farmaajo of Somalia and Ethiopia’s newly installed prime minister Abiy […]
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The development would be situated at the Bay of Anfile, 75km east of the $320m Colluli mine planned for the “potash province” of Danakil, which also extends into Ethiopia. At present, the nearest port is Massawa, 230km to the northwest. An Australian mining company called Danakali has been set up […]
ABN_ የኢትዮጵያ ንግድ ባንክ ባለፉት 11 ቀናት ከ42 ሚሊየን ዶላር በላይ የውጭ ምንዛሬ ማካሄዱን ገለጸ። የአዋሽ ባንክም ባለፉት አስራ አራት ቀናት ከ10 ሚሊየን ዶላር በላይ የውጭ ምንዛሬ ማካሄዱን አስታውቋል። ጠቅላይ ሚኒስትር ዶክተር አብይ አህመድ ግለሰቦች የያዙትን የውጭ ሀገር ገንዘብ በባንክ እንዲመነዝሩ መልእክት ካስተላለፉ በኋላ በባንክ እየተካሄዱ ያሉ […]
ABN _ The optimistic buzz in the air at Harar restaurant continued right up until it closed for the night. Michael Daniel, a mechanical engineer, currently working as a taxi driver, was sitting with a large group of Ethiopians young and old, all crowded around one table. They drank and […]
ABN – Sudanese President Omar Al Bashir received a letter from his South Sudanese counterpart Salva Kiir on the expected resumption of oil production in September, the Sudan Tribune reported. The letter was handed over by South Sudanese Oil Minister Ezekiel Lol Gatkuoth who met Bashir over the weekend. The […]
East Africa, the fastest-growing region in Africa, received $7.6 billion in FDI in 2017, a 3 per cent decline from 2016. Ethiopia absorbed nearly half of this amount, with $3.6 billion (down 10 per cent), and is now the second largest recipient of FDI in Africa after Egypt, despite its […]
Strong diversified investment into Morocco contrasted with declines in FDI to the rest of North Africa – the only subregion yet to surpass its 2007 peak. FDI flows to North Africa were down 4 per cent to $13 billion. FDI into Morocco was up 23 per cent to $2.7 […]
Addis Ababa, 26 July 2018 –DHL Global Forwarding, the leading international provider of air, sea and road freight services, and Ethiopian Airlines, the largest aviation group in Africa, today signed a new agreement to form a joint venture company –DHL-Ethiopian Airlines Logistics Services Ltd., to build the Leading Cargo […]
Mekonnen Hailu, EIC Public Relations Director UNCTAD Award It is to be recalled that Ethiopian Investment Commission (EIC) has recently won the ‘United Nations Award’ for its outstanding performance in targeted promotion, facilitation and execution of sustainable investment projects. The Award was presented to the world’s best-practice inward and […]