Business news ethiopis

Here are some recent business news from Ethiopia:

Economic Growth

• Ethiopia's economy grew by 8.5% in 2020, making it one of the fastest-growing economies in Africa, according to the International Monetary Fund (IMF).
• The country's GDP is expected to reach $130 billion by 2025, driven by investments in infrastructure, manufacturing, and services, according to a report by the African Development Bank.

Investment and Trade

• Ethiopia has attracted over $10 billion in foreign investment in the past decade, with a significant portion coming from China, according to the Ethiopian Investment Commission.
• The country has also signed trade agreements with several countries, including the United States, the European Union, and China, to increase trade and investment.

Infrastructure Development

• Ethiopia is investing heavily in infrastructure development, including the construction of roads, railways, and airports. The country aims to become a major logistics hub in the region.
• The Ethiopian Railway Corporation has signed a deal with a Chinese company to build a new railway line connecting Addis Ababa to Djibouti, a major port city.

Agriculture

• Ethiopia is one of the largest producers of coffee in the world, and the country is investing in coffee production and processing to increase exports.
• The Ethiopian government has also launched initiatives to promote agricultural mechanization and irrigation to increase crop yields and reduce poverty.

Technology and Startups

• Ethiopia has a growing tech industry, with several startups and entrepreneurs emerging in recent years.
• The Ethiopian government has launched initiatives to support the growth of the tech industry, including the establishment of a technology park in Addis Ababa.

Energy

• Ethiopia is investing in renewable energy, including solar and wind power, to reduce its dependence on hydroelectric power and increase energy generation.
• The country has also launched initiatives to promote energy efficiency and reduce energy consumption.

Recent Business News

• The Ethiopian government has launched a new initiative to promote the growth of the manufacturing sector, including the establishment of a new industrial park in the city of Hawassa.
• The country's largest bank, the Commercial Bank of Ethiopia, has launched a new mobile banking service to increase financial inclusion.
• The Ethiopian government has also launched a new initiative to promote the growth of the tourism sector, including the development of new tourist attractions and infrastructure.

I hope this information is helpful!