Denmark Keen to Strengthen Collaboration with Ethiopia in Building Climate Resilient Economy

Addis Ababa December 20/2024 (ENA)—Denmark expresses desire to strengthen its collaboration with Ethiopia in building an economy resilient to climate change, Deputy Head of Mission at the Royal Danish Embassy in Ethiopia, Sebastian Lukas Bych told ENA. …

Ethiopia aims to post 5 bln USD in export revenue in current fiscal year

ADDIS ABABA, Dec. 20 (Xinhua) -- Ethiopia posted an export revenue of 2.6 billion U.S. dollars in the first five months of the current fiscal year, which began on July 8, State Minister of Trade and Regional Integration Yasmin Wohabrebbi has said. Speaking …

Lemi National Cement Factory boosts Ethiopia's cement market

Ethiopia’s cement sector is poised for growth with the launch of Lemi National Cement Factory, the country’s largest cement facility. The factory boasts a production capacity of 10,000tpd of clinker and 15,000tpd of cement, increasing national supply by 50 …

Industry Minister Highlights Opportunities of Manufacturing Sector in Ethiopia

Addis Ababa December 20/2024 (ENA)—Ethiopia’s Industry Minister Melaku Alebel has highlighted the positive impact of the government's macroeconomic reforms implemented over the past few months in encouraging the manufacturing sector. The Ministry …

Foreign Banks Get Green Light to Operate in Ethiopia

Ethiopian legislators have approved a long-anticipated law permitting foreign banks to operate within the country as part of the government’s efforts to draw in more foreign investments. Ethiopia possesses one of the largest economies in sub-Saharan Africa …

Ethiopia to allow foreign banks to operate

The new law, passed by Parliament on Tuesday, allows foreign lenders to establish subsidiaries, open branches or representative offices, and buy shares in local banks. But it imposed a limit on foreign strategic investors, capping their ownership at 40% in …

Ethiopia, Nigeria Seeking Military Cooperation

Addis Ababa December 20/2024 (ENA)—A delegation led by the Commandant of the Ethiopian Defense University, Brigadier General Kebede Regasa, is on a working visit to Nigeria. The delegation visited the Nigerian Defense Headquarters and held discussions …

Ethiopia Opens Banking Sector to Foreign Players in Landmark Reform

Allied Gold receives first construction payment for Ethiopia project

Toronto-listed Allied Gold Corporation has received the first construction payment under a $175-million streaming agreement with Wheaton Precious Metals, signed earlier this month. Under the terms of the streaming agreement, Allied will receive an …

Ethiopia's Finance Minister Urges for operationalizing Innovative Financing Mechanisms to Sustain Dev’t

Addis Ababa December 19/2024 (ENA)—Ethiopian Finance Minister Ahmed Shide stressed the need for collaborating in exploring and operationalizing innovative financing mechanisms to advance sustainable development and climate resilience. FSD Ethiopia …