Lamu Port enhances regional integration efforts PremierLamu Port has a great potential to enhance the economic integration of East African Countries through boosting business, investment, and trade linkages among the countries, Prime Minister Abiy Ahmed (Ph.D.) said. The premier made the remark while paying an official visit to the port accompanied by Kenyan President Uhuru Kenyatta visited Lamu Port yesterday.

On the occasion, he underscored that the completion of the port will realize to ensure the development vision of the region and improve the lives of our citizens. ‘‘The commitment to link the region should sustain and it will be fruitful if leaders of the countries work through investing in infrastructures especially on logistic.” 

He reflected that the port is very helpful for Ethiopia to export our products and import some basic products. As to him, the port is also helpful for South Sudan. Beyond integrating the East African Countries, the port has the potential to connect other regions, he added.

He argued at the event that the connectivity road between Addis Ababa to Nairobi is great throughout the region, Africa Business Networking reported quoting The Ethiopian Herald. 

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Ambassador to Ethiopia and Djibouti“Ethiopia has lots of investment opportunities in various sectors,” H.E Ambassador Francois Dumount, Ambassador to Ethiopia and Djibouti and Permanent Representative to African Union, IGAD and UNECA said.

The Ambassador made this remark during the meeting with EIC Commissioner on retaining and attracting more Belgian investors to the nation.   

EIC Commissioner said for her part the government of Ethiopian encourages and committed to provide all the necessary support to Belgian investors.

Belgian are mainly engaged in horticulture and other sectors which plays significant role to enhance the export

Source: EIC Public Relation Directorate

PM Dr. Abiy inaugurates Dire Dawa Industrial ParkPrime Minister Abiy Ahmed has inaugurated the Dire Dawa Industrial Park built at 150 ha of land.

The inauguration ceremony has been attended by Commissioner of the Ethiopian Investment Commission, Lelise Neme, and other top Government officials.

Four Companies engaged in garment and textile production are said to have started operations so far in fifteen working sheds in the industrial park.

When it goes fully operational in time, the Industrial Park is expected to create employment opportunities for over 20,000 jobs for citizens ENA reported.

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President Sahlework ZewdePresident Sahle-Work has today virtually launched electronic commerce of the Ethiopian Coffee to Chinese consumers via Alibaba Global Platform. 

“Dear chinese friends, Ethiopia and Alibaba entered in to partnership in late 2019 to promote trade and the electronic world trade platform initiative.” the president said, while launching the platform. 

Despite the challenges of 2020, Ethiopia have been working closely together with Alibaba, said the president, expressing delight saying “Now, I am very happy to announce official launch of Ethiopian Coffee on the global platform of Alibaba which is one success of our cooperation. “ 

Ethiopia is the birth place of Coffee which is a very important part of our culture and heritage. Millions of people around the world have Ethiopian Coffee every day. And Millions of Ethiopian farmers work diligently to produce the world’s best coffee, she stressed. 

“At this special moment, I would like to invite our Chinese friends to enjoy the flavor and quality of Ethiopian Coffee and to strengthen the bonds of friendship between our two Countries.”, President Sahle-Work noted. 


UK Germany fund to protect Ethiopian textile industry jobsA new fund set up by the United Kingdom and Germany in collaboration with Ethiopia could save thousands of jobs in the east African country’s textile and garment industry while helping support its economic recovery from COVID-19. With $6.5 million invested at its recent launch, the partnership aims at helping safeguard an important industry.

Textile factories in the country’s industrial parks can apply for wage subsidies and incentives to reward businesses that are able to adapt in response to the pandemic.

The partnership may further expand its reach through additional support in the coming months, according to a UK media report.

Ethiopia’s textile and garment industry is a leading provider of jobs in the country’s manufacturing sector. However, the collapse of demand both in the country and globally is expected to hit the sector hard. Ethiopia’s Jobs Creation Commission estimates that between 1.4 and 2.5 million jobs could vanish over the next three months.