Investment

Shangtex Holding Co. Ltd has signed a lease agreement with the Ethiopian Industrial Parks Development Corporation to invest at Bole Lemmi II Industrial Park.

IFC, a member of the World Bank Group, and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), yesterday announced a €20 million investment in Soufflet Malt Ethiopia to help the company build and operate a malting plant in Ethiopia, supporting local farmers and economic growth.

Farm Africa has launched a new project to help more than 130,000 forest coffee producers in Ethiopia’s Oromia regional state improve their livelihoods by increasing the sustainable production of high-quality coffee.

Ethiopia’s State Minister Trade and Industry Ambassador Misganu Arega held a discussion with a delegation from the Ministry of Industry of Malaysia.

Amended proclamations and those under revision need to quickly go into effect to create conducive environment for business and ensure the ease of doing business.