Export Development Forum Opens in Ethiopia

November 23 , 2019


Export Development Forum Opens in Ethiopia

The World Export Development Forum opened in Addis Abeba today under the theme "Trade and Invest in One Africa." The International Trade Centre and the Ethiopian Ministry of Trade & Industry are jointly hosting the Forum. Present during the opening of the Forum were high ranking government officials such as Sahle-Work Zewde, president of Ethiopia. The forum attracted business leaders, policymakers, entrepreneurs, trade development officials, representatives of international organisations, trade and investment promotion agencies and business associations across the world. The Forum is timed to contribute to Africa Industrialization Week, which is intended to help businesses make the most of the newly ratified African Continental Free Trade Agreement with a special focus on the role of women and youth and to address international business competitiveness issues and profile international investment in Ethiopia and beyond. During the event, a business-to-business matchmaking platform that aims to create new business deals in agribusiness was also organised in partnership with the Ethiopian Chamber of Commerce & Sectoral Associations.


Radar

Ministry Revokes Hundreds of Mining Concessions

The Ministry of Mines has revoked the licenses of 972 for alleged non-compliance with the terms of their exploration and production permits, and involvement in illicit trade.  Among those on the receiving end of the measure is Kefi Gold, a firm that has been conducting gold exploration in the Western Wellega Zone of the Oromia Regional State for over a decade. The 2,000hct exploration area is estimated to hold deposits of close to 50,000Kg of gold. Last week, the National Bank of Ethiopia ap...


Radar

World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity

The World Bank Group and the Ministry of Finance have signed an agreement for 715 million dollars to go towards fighting food insecurity. Most of the financing (600 million dollars) is earmarked for the implementation of a Food Systems Resilience Programme. A third of the amount is in the form of grants, while the balance is credit. An additional 115 million dollars is pledged for improving access to financial services and bolstering economic activity in pastoralist areas. The areas target...


Radar

DISRUPTION HOPEFULS

Youths checkout a booth at the AddisRupt Expo 2022, which was hosted at Safari Hotel on June 25, 2022. The expo focused on technological and entrepreneurial work, showcasing over 20 startups to visitors. The promoters of the expo aimed at connecting startups with investors and was organized by firms such as LinkUp Addis, Profit Marketing and Afromile Trading...