Amhara State Attracts 1,671 Investments

Jul 20 , 2019


[ssba-buttons]

Amhara Regional State issued 1,671 investment licenses with a registered capital of 39 billion Br during the recently ended fiscal year. These investments could create jobs for 204,000 people, according to Yihnew Alem, head of the region’s Industry & Investment Bureau. Dejen Cement Factory and Bure Edible Oil Factory are among the major new investments in the regional state. Dejen Cement Factory is being built by Abay Industrial Development S.C at a cost of 8.8 billion Br. It is expected to be completed in the next two years and start producing 5,000tn of cement a day. Bure Edible Oil Factory, which rests on 30ha of land in West Gojam and was started with 2.5 billion Br in investment, will have a capacity of producing 1,400tn of edible oil a day. This is expected to cover 60pc of the country’s edible oil demand.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...