Business

Addis Ababa: Speaking to ENA, Ethiopian Investment Commission Commissioner Zeleke Temesgen highlighted that Ethiopia has been undergoing a substantial reform process over the past seven years, achieving commendable results. The Commissioner stated that during these reform years, sectors previously closed to foreign investors have been opened. According to Ethiopian News Agency, the economic reform has … Read more

Addis Ababa: President Donald Trump has announced he will raise tariffs against China to 125 percent, in a rapidly escalating trade war. According to Ethiopian News Agency, the move has come hours after Beijing imposed an 84 percent retaliatory levy on U.S. goods, effective April 10, 2025, as the global trade war intensified. Trump made … Read more

Addis Ababa: Ethiopia is a strategic market and an important country for the growth of the continent, the African Export-Import Bank (Afreximbank), Compliance Director Idrissa Diop said. According to Ethiopian News Agency, Compliance Director at Afreximbank, Idrissa Diop highlighted Ethiopia’s strategic role in Africa’s growth. “At Afreximbank, we believe that Ethiopia is a very strategic … Read more

Addis Ababa: More Nigerian investors will come to Ethiopia as the country continues opening up its economy to private businesses, Nigeria’s Deputy Head of Mission Maxy Ogbede said. According to Ethiopian News Agency, the deputy head of mission at the Nigerian Embassy in Addis Ababa stated that Nigeria is looking at improved trade relations with … Read more

Addis Ababa: The Africa Leather and Leather Products Institute (ALLPI) successfully hosted its Second Breakfast Meeting with Embassy Representatives of the 21 COMESA Member States on 8th April 2025, in Addis Ababa, Ethiopia. The event brought together high-level participants including Ambassadors, representatives of the African Union, development partners, industry experts, and senior government officials under … Read more

Addis Ababa: The United Nations and the African Union (AU) are creating synergy in implementing the African Union’s Agenda 2063 and the UN Sustainable Development Goals for Agenda 2030, described as “Two agendas, One framework.” According to Ethiopian News Agency, a meeting of major development partners in Africa was held under the theme “Accelerating Transformation … Read more