FDI

Tulu Kapi and PW Gold Mining agrees to invest in Ethiopia

Tulu Kapi and PW Gold Mining agrees to invest in Ethiopia

Addis Ababa, April 27,2023, Ethio Negari:- UK's Tulu Kapi Gold Mining, a part of Kefi Minerals Company, has signed an agreement with England's 'PW Mining' to work together on gold mine development and other investment options. The agreement was signed at the Skylight Hotel in Addis Ababa on the side line event of  "Invest Ethiopia 2023" is a forum for international business institutions and investors. Investors, business actors, policy makers and entrepreneurs from around the world are participating in the forum. MoU agreements, panel discussions, field visits to selected companies and exhibitions are taking place at the forum. The forum…
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Ethiopia earned nearly $1.9 billion worth from FDIs

Ethiopia earned nearly $1.9 billion worth from FDIs

ADDIS ABABA – Ethiopia’s economy will show a 7.5 percent growth in the current 2022/23 fiscal year, the Ministry of Planning and Development (MoPD) abounced on Monday. The forecast comes a week after the African Development Bank announced Ethiopia and four other African nations would reclaim their position among the world’s 10 fastest-growing economies in 2023-24. Ethiopia’s development minister Fitsum Asefa said the economy will build on the 6.5% growth recorded last year and will grow by 7.5% this year. Fitsum made the forecast while presenting the half-year macroeconomic performance monitoring report to the Council of Ministers meeting which began…
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Gov’t of Ethiopia Invests on Large Infrastructure Projects to Attract Foreign Companies

Gov’t of Ethiopia Invests on Large Infrastructure Projects to Attract Foreign Companies

The government of Ethiopia has heavily invested in large infrastructure projects in order for foreign investors to get engaged on priority sectors including agriculture, textile and apparel, Ethiopian Ambassador to Djibouti, Berhanu Tsegaye disclosed. The Ethiopian Embassy in Djibouti has organized a two-day briefing and B2B Sessions on livestock, meat processing, agriculture, agro-processing, logistics, mining and manufacturing sectors as Djibouti-based foreign companies delve for joint venture and investment opportunities in Ethiopia. During the sessions, Ethiopian Ambassador to Djibouti, Berhanu Tsegaye, noted that as part of Home-Grown Economic Model, his government has worked closely with international stakeholders to modernize and streamline…
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