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Addis Ababa 2,

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Ethiopia’s EU export decline continues

Published on Thursday, 06 April 2017 10:58

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Ethiopia’s exports to the European Union have been declining lately according to a paper presented to the Stakeholder Outreach Workshop on the EU’s Generalized Scheme of Preferences (GSP) in Ethiopia three weeks ago. The EU has been a major export destination in the quantity and value of goods that ...
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Ethiopian National Bank Amends Foreign Currency Directive

Published on Thursday, 06 April 2017 10:59

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The National Bank of Ethiopia has slightly changed a directive which was introduced a year ago to regulate allocation of foreign currency exchange (forex) in a transparent manner, according to the Reporter. The amended directive, like the old one, focuses on allocating forex on first-come, first-...
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Donkey Meat Up for Export, Slaughterhouse Opens

Published on Thursday, 06 April 2017 10:44

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Ethiopia is to export donkey’s meat, following the start of operations at a slaughterhouse in Bishoftu (Debrezeit) town, 48Km east of Addis Abeba. Shandong Dong, a donkey slaughterhouse, has just opened after 80 million Br investment, moving it a step closer to starting export in the coming weeks. ...
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Norfund Invests 7.4m USD in Ethiopian Beef Exporter

Published on Thursday, 06 April 2017 10:45

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The Norwegian Investment Fund for Developing Countries (Norfund) announced an investment of 7.4 million USD in Verde Beef Processing PLC (VBP) which is an Ethiopian beef producer. The capital provided by Norfund will help VBP become the largest cattle processing operation in Eastern Africa by ...
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Habesha Cement targets export quality concrete, gypsum board

Published on Thursday, 06 April 2017 10:52

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Habesha Cement is expected to join the cement market in the near future and plans to introduce a unique type of concrete. Mesfin Abi (Eng), CEO of the company, told Capital that this is a higher quality cement and it will make a difference in local and regional construction. “We are focused on the ...
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