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Chinese Firm Set to Double Investment

Sep 14 , 2019

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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.

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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...

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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...

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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...

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