USAID and Irish Aid Collaborate to Award Ethiopian Dairy Innovation Fund Recipients

The Ethiopia Sustainable Agribusiness Incubator (ESAI), a project of the United States Agency for International Development (USAID), held a graduation ceremony today for 14 entrepreneurs who successfully introduced an innovative idea to the sesame, dairy and honey sectors, established a company and have started generating revenue. The graduating entrepreneurs have created a better climate for … Continued

Addis Ababa, Ethiopia among Cities of the Future with a Bright Potential

According to the annual “Wealth Report” released by global real estate consultancy Knight Frank on March 5, Ethiopia’s capital is among four cities in the world dubbed as “Cities of the Future”, based on the wealth creation opportunities they will present in the future. The report says, “The cities featured on this spread are not those about … Continued

Ethiopia Eyes Middle East Market for Agricultural Products

Addis Ababa March 11/2015 Ethiopia targets countries in the Middle East for its agricultural products and live animals export, the Ministry of Trade disclosed. Saudi Arabia and United Arab Emirates (UAE) are the countries the government eyes for its export destinations, Yeshak Tekaligne, Director of Bilateral and Regional Trade Relation and Negotiation told ENA. These … Continued

Packaging Giant Tetra Pak Eyeing Ethiopia for Investment

Tetra Pak, one of the world’s biggest foods packaging company, is looking for investment opportunities in Africa. Ethiopia is on the list of countries the company is keen on exploring for a possible venture. The company will send a high level delegation to assess opportunities the coming May 2015, Capital learnt. Tetra Pak made its ambition known … Continued

First Modern Denim Factory in East Africa Begins Trial Production in Ethiopia

Kanoria African Textiles Spinning Manager, Dina Karen, told ENA that the factory built in Bishoftu has started trial production. The manager said the factory is the first of its kind in East Africa in terms of using modern technologies and producing fashionable jeans. The factory fully owned by Indians is being built with over 43million … Continued

South African Private Sector Invited to Invest in Ethiopia

The NEPAD Business Foundation in partnership with the Ethiopian Embassy in South Africa and the Ethiopian Chamber of Commerce, recently led an outbound trade mission to Addis Ababa which ran from 2 to 6 June 2014. The five-day investment tour was designed to promote intra-African trade and open new investment avenues for South African businesses … Continued

Saudi Billionaire to Invest $100 in Ethiopia Farm

Saudi Star Agricultural Development Plc, an Ethiopian company owned by billionaire Mohamed al-Amoudi, plans to invest $100 million in a rice farm in western Ethiopia next year to kick-start the stalled project. The company leased 10,000 hectares (24,711 acres) in the Abobo district in the Gambella region, where it’s based, in 2008 and bought the … Continued