How Ethiopia’s Failure to Develop Edible Oil Supply Chains is Leaving Factories — and Consumers — High and Dry Ethiopia’s domestic edible oil processing industry has ground to a halt over the past year, severely disrupting local supply of cooking oil across the country. Major factories that once produced over a million liters of oil […]
Edible Oil Refineries Caught in the Crack Read More »
Ethiopian citizens seeking visas to travel to Europe will now have to wait significantly longer to receive a decision on their applications. The Council of the European Union announced today that it is increasing the standard processing period for Ethiopian visa requests from 15 days to 45 days. Previously, Ethiopians traveling regularly to Europe for
Gift Real Estate has launched the first phase of its major housing development project in partnership with the Addis Ababa city administration. On April 27th, Mayor Adanech Abiebie laid the cornerstone to kick off construction in the Le gare area, located at the center of the city. The initial phase of the Gift project will
Mayor Launches First Phase of 4000-Unit Development by Gift Real Estate Read More »
By Yared Seyoum One of Ethiopia’s largest Savings and Credit Cooperative Organizations (SACCO), Awach, saw a surge in withdrawal requests from customers after revising its vehicle loan policy last month. The cooperative had decided to only finance brand new vehicles, rather than used ones aged less than 20 years. This prompted many existing customers who
Loan Policy Change Triggers Withdrawal Rush at Awach Cooperative Read More »
A delegation of Kenyan companies has arrived in Addis Ababa hoping to capitalize on Ethiopia’s recent reforms opening several sectors to foreign investment. Led by the Kenya Association of Manufacturers, the trade and investment mission will meet with Ethiopian counterparts until April 26th. They were welcomed by the Addis Ababa Chamber of Commerce and Sectoral
The host agreement signing ceremony for the 2025 Intra-African Trade Fair (IATF2025) took place in Algiers on April 15th, 2024. The ceremony, hosted by the African Export-Import Bank (Afreximbank) in collaboration with the African Union and AfCFTA Secretariat, paved the way for the fourth edition of the IATF to be held in Algiers from September
Algeria to Host 2025 Intra-African Trade Fair Read More »
Looking skyward in Addis Ababa, it’s impossible to miss the towering achievements transforming Ethiopia’s skyline. Dozens of cranes weave between rising giants as the banking sector pours billions into ambitious headquarters projects pushing construction ever higher. But what do these lofty ambitions symbolize for the country’s financial future – harbingers of a new era of
Towers Of Tomorrow Or Castles In The Sand? Read More »
The five sugar factories under the Omo Kuraz Sugar Development Project in southern Ethiopia have consumed over 65 billion Birr (USD 1.1 billion) in investment, but are still not operating at full capacity according to officials. The five sugar factories are designed to crush 60,000 tons of sugarcane per day when working at full potential.
65 Billion Birr Investment Falls Short as Sugar Mills Underperform Read More »
Applicants seeking to operate a special economic zone in Ethiopia must commit a minimum of USD 75 million in funding over time, according to a new proclamation passed by Parliament. The capital contribution can come from equity, debt financing, or a combination of the two. The Ethiopian Parliament has approved a new proclamation outlining regulations
Minimum Capital Commitment of $75M Required to Operate Special Economic Zone in Ethiopia Read More »
The Ethiopian government has established an inter-ministerial committee to spearhead the liberalization of its trade policies. In announcing its formation, Ethiopian Investment Commission (EIC) Commissioner Hana Arayaselassie reveals that the Trade Liberalization Committee will include representatives from key agencies. Members are drawn from the EIC, the Ministry of Trade & Regional Integration, Ministry of Industry,
Ethiopia Forms High-Level Trade Liberalization Committee Read More »
