FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo



Chinese Firm Set to Double Investment

Sep 14 , 2019

[ssba-buttons]

Sunshine Ethiopia Wool Textile Plc, a Chinese textile manufacturer, is set to increase its investment portfolio to 980 million dollars. The textile firm, which has been operating in Adama Industry Park, has a registered investment capital of 350 million dollars. In its phase two expansion project, the company plans to boost its current export revenue from 10 million dollars to 100 million dollars, according to Chen Min, general manager of Sunshine Ethiopia Wool. The firm has an annual production capacity of 10 million tonnes of wool fabrics and 600,000 sets of suits. Sunshine Ethiopia is a company under Jiangsu Sunshine Group Co. Ltd, which was established in 1993 and is based in Jiangyin, China.

Radar

Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...

Read more >>

Radar

Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brought together prominent figures including Ethiopia's former Prime Minister Hailemariam Desalegn, former First Lady Roman Tesfaye, and Kenya's First Lady Rachel Ruto. Organised by the Rockefeller Foundation, the event focused on overhauling child nutrition through regenerative agriculture. Sarah Farl...

Read more >>

Radar

Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...

Read more >>