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Chinese companies to build equipment manufacturing plants in Ethiopia
Ababa, May 25, 2016 (FBC) – Chinese companies are finalizing preparations to build equipment manufacturing plants in Ethiopia to meet the ever increasing demand. Company representatives of TVA and Sany…
How a forgotten sandlot of a country became a hub of international power games.
The bartender measures a shot of Johnnie Walker Red Label in a steel jigger and dumps it over ice. A waitress sets the glass on a tray and steers it…
How A Rebalanced China Will Affect Africa
2015 has been a challenging year for much of Africa. Average growth of African economies weakened slightly in 2015 to 3.6% (down from annual 5% enjoyed since 2000). Total financial…
Exhibition depicting nation’s dev’t journey kicks off
EBC; May 23, 2016) – An exhibition depicting the development progress that Ethiopia has made over the past two and a half decades kicked off on Monday at the Millennium…
Ethiopia’s annual FDI inflow hits $2.2 bln
Addis Ababa, May 21, 2016 (FBC) – The annual foreign direct investment (FDI) inflow to Ethiopia has reached 2.2 billion US dollars, said the Ethiopian Investment Commission (EIC). Two decades…
Ethiopia: is Africa’s ‘lion’ ready to jump?
Following its economic success, Ethiopia has been dubbed the “African Lion.” But the current drought and a downturn in growth have taken their toll. A recent conference in Munich aimed…