Ethiopia: Chinese Firm Builds-Up Pharma With U.S.$85 Million

By Binyam Sisay An aggregate of five billion units of capsules and tablets will be produced a year SanSheng Pharmaceutical, a wing of the publicly listed Chongqing Sansheng Industrial Company in China,... Read more »

Ethiopia says China now its largest export destination – Xinhua

File photo shows guests taste traditional Ethiopian coffee at the coffee and music corner in the venue of the 16th Ordinary Session of the Assembly of the African Union, in Addis Ababa,... Read more »

Ethiopia eyes improved trade relations with Russia – Xinhua

ADDIS ABABA, Feb. 8 (Xinhua) — Ethiopia said on Thursday that it will seek to strengthen economic and investment relations with Russia to cut its trade deficit with Moscow. Foreign Ministry spokesperson... Read more »

Ethiopia records five-fold increase in FDI in a decade – Xinhua

ADDIS ABABA, Dec. 29 (Xinhua) — Ethiopia’s Foreign Direct Investment (FDI) inflow showed a five-fold increase in a decade, data released by Ethiopia Investment Commission (EIC) on Friday showed. FDI inflow in... Read more »

Ethiopian president calls for strengthened relations with China, four other countries – Xinhua

ADDIS ABABA, Dec. 19 (Xinhua) — Ethiopian President Mulatu Teshome on Tuesday called for strengthened relations with China and four other European and African countries. Teshome made the call when he received... Read more »

Ethiopia: World Bank Assents U.S.$1.3 Billion Finance to Ethiopia

Ethiopia and World Bank have signed a 1.3 billion dollar grant and loan agreement to enhance equitable services and reduce food insecurity. The agreement was signed by Abraham Tekeste (PhD), minister of... Read more »

Ethiopia Attracts $3.8 billion FDI in 2016/17

September 10, 2017 – Ethiopia has attracted 3.8 billion U.S. dollars in foreign direct investment (FDI) in the Ethiopian Fiscal Year (EFY) 2016/17, disclosed the Ethiopian investment commissions. According to the Ethiopian... Read more »

Ethiopia raises tax revenue target for 2017/18 – Xinhua

ADDIS ABABA, Aug. 19 (Xinhua) — Ethiopia aims to collect 8.53 billion U.S. dollars tax revenue in the current fiscal year 2017/18, which started on July 8, an official said Saturday. Speaking... Read more »

Ethiopia receives 3.4 bln USD in loans, grants in 12 months – Xinhua

ADDIS ABABA, Aug. 17 (Xinhua) — Ethiopia has obtained 3.4 billion U.S. dollars in grants and loans from multilateral and bilateral partners during the 2016/17 Ethiopian Fiscal Year (EFY) that ended July... Read more »

Ethiopia: Korea Extends U.S.$1 Million to Drought Victims

The government of Korea has pledged one million dollars for humanitarian assistance in Ethiopia for people who are suffering from the effects of severe drought resulting from the negative Indian Ocean dipole.... Read more »