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Trade and Investment
British company, Intrade UK Ltd., has signed an agreement to build a $100 million textile and garment factory at Mekelle Industrial Park, creating more than 1,300 new jobs. Similarly, the cornerstone for a $220 million textile plant was laid in Dire Dawa, East Ethiopia on 16th January.
23 Jan 2018
British company to build $100 million textile, garment factory
The Ethio-Djibouti railway line has started commercial operations for passengers and freight. The railway, which is Sub-Saharan Africa’s first electrified railway, connects Ethiopia’s capital Addis Ababa with the port of Djibouti. Travel time will be cut from around 3 days to 10 hours.
8 Jan 2018
All Aboard! Africa’s first electrified railway from Addis to Djibouti begins commercial operations
Japanese casualwear retailer, Uniqlo, will open its first African manufacturing plant in Ethiopia, joining fashion giants such as H&M and Calvin Klein, who are already manufacturing in Ethiopia.
4 Jan 2018
Uniqlo to open first African manufacturing plant in Ethiopia
Ethiopian Electric Power has signed two agreements worth $4 billion, to build two geothermal power plants, to be run by the country’s first privately-owned utility. The two plants - Corbetti and Tulu Moye - will produce a combined 1,000MW of power upon completion in eight years’ time.
27 Dec 2017
Two new geothermal power plants to be built
UK’s export finance available to Ethiopia has increased to £200 million, to support UK - Ethiopia bilateral trade. Earlier in the year the Government announced that after the UK leaves the European Union, Ethiopian companies will enjoy duty-free access to the British market for all sectors except arms.
13 Nov 2017
UK doubles trade support for Ethiopia
The British Prime Minister’s newly appointed trade and investment envoy to Ethiopia, Mr Jeremy Lefroy MP, made his first official visit to Ethiopia where he met senior Government officials and discussed areas where the UK and Ethiopia can deepen their trade and investment relationship.
23 Oct 2017
British trade, investment envoy in debut visit
Mr. Jeremy Lefroy MP, will make his debut visit to Ethiopia as the new trade and investment envoy to Ethiopia. This will be the first visit by a newly appointed trade envoy anywhere in the world. His appointment reaffirms the UK’s commitment to strengthen its trade and investment relationship with Ethiopia.
21 Sep 2017
British trade and investment envoy to visit Ethiopia
During the current fiscal year, Ethiopia plans to earn $271 million from textile exports and create 30,000 jobs, in its effort to become the top textile manufacturing and exporting country in Africa through various industrial parks. According to the State Minister of Industry, $89.3 million was earned and 17,000 jobs created during the 2016-17 fiscal year. The government has a…
30 Aug 2017
Ethiopia to earn $271 million from textile exports
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