Ethiopia to participate in Dubai Expo

Nov 9 , 2019


[ssba-buttons]

Ethiopia will be participating in EXPO 2020, which will be hosted in Dubai. The expo will take place with the theme "Connecting Minds, Creating the Future." The country's participation in the expo is expected to boost the bilateral trade relations between the two nations. Recently, Sultan bin Saeed Al Mansouri, minister of Economy of the United Arab Emirates (UAE), received Fetlework Gebre-Egziabher, minister of Trade & Industry, at his office. During her visit, Fetlework hailed the long-standing and growing relations between the two sides as she expressed her country’s determination to leverage their partnership across various domains. “Ethiopia has a large and emerging consumer market of up to 100 million people with promising economic potential and enormous, diverse resources that are still much untapped in a number of sectors,” the UAE minister said during the bilateral meeting.


Radar

New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...


Radar

City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...


Radar

Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...