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Ethiopian textile & clothing industry on expansion drive – Textile News Ethiopia

Click here: Ethiopia : Ethiopian textile & clothing industry on expansion drive – Textile News Ethiopia.

Ethiopian textile and clothing industry has experienced a major expansion drive and several leading retailers are now sourcing their textile and clothing requirements from the Country.

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Ethiopia’s Bank-Secured Sesame Seed-Sales Seen Boosting Exports – Bloomberg

Click Here: Ethiopia’s Bank-Secured Sesame Seed-Sales Seen Boosting Exports – Bloomberg.

Ethiopia, the world’s fourth-largest sesame grower, may see earnings from exports of pulses, oil seeds and spices rise by a third to more than $900 million this year. Africa’s largest coffee producer and second-most populous nation is providing free land for processing and warehouses, as well as waiving related import and export duties, Haile Berhe, president of the 110-member Ethiopian Pulses, Oil Seeds and Spices Processors-Exporters Association said.

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Chinese-led SEZs in Ethiopia yet to bear fruit

Chinese-led SEZs in Ethiopia yet to bear fruit

In November 2006 at the Forum on China Africa Cooperation (FOCAC) summit held in Beijing, Hu Jintao announced the establishment of Special Economic Zones in several African countries, the Eastern Industrial Park is one of them. Many expect that this SEZ programme will become a platform for Chinese investment on the African continent (even though investment does not need to be Chinese only) bringing job creation and technology transfer. So far, the visits of high-profile Chinese officials and business executives have confirmed the support from the Chinese side and this SEZ programme has become a buzzword. However it seems that it is not a simple task to materialize this vision.

SouthWest Energy of Ethiopia to Raise $100 Million in Equity – Businessweek

Click Here: SouthWest Energy of Ethiopia to Raise $100 Million in Equity – Businessweek.

SouthWest Energy Ltd., an Ethiopian oil and gas exploration company, said it plans to raise $100 million via a private placement in the first quarter of 2013 to help finance a three-well drilling program in the Ogaden basin. The company has pushed back the date for sinking the first well to the third quarter, from the first half, as it analyzes data and decides on one of 15 possible targets in blocks 9, 9a and 13, Chairman Tewodros Ashenafi said in an interview. SouthWest may also try to sell a stake in the fields, he said.

How Africa’s First Commodity Exchange Revolutionized Ethiopia’s Economy

Click here: allAfrica.com: Ethiopia: How Africa’s First Commodity Exchange Revolutionized Ethiopia’s Economy (Page 1 of 4).

INTERVIEW

While government leaders, NGOs and corporations devise strategies to churn out more food for future generations, Eleni Gabre-Madhin is taking a different approach. Concerned by a 2002 famine in her home country of Ethiopia that followed bumper crops in 2000 and 2001, the Stanford-educated economist decided it was time to go beyond food production and take a hard look at distribution.

The result? Africa’s first commodity exchange. As the founder and outgoing CEO of the Ethiopia Commodity Exchange (ECX), Gabre-Madhin established a reliable interface for buyers and sellers to meet – an idea that has inspired other African countries to follow suit. Gabre-Madhin won the Yara Award at the African Green Revolution Forum in Arusha, Tanzania, for her role in transforming Ethiopia’s commodity market. She told AllAfrica’s Lauren Everitt how a formal market has revolutionized Ethiopia’s economy and empowered smallholder farmers.

Ethiopia opens window for local banks – Corporate News – businessdailyafrica.com

Click here: Ethiopia opens window for local banks – Corporate News – businessdailyafrica.com.

In a special status agreement signed by President Kibaki and Ethiopia’s Prime Minister Hailemariam Desalegn last week, Ethiopia allowed Kenyan banks to open representative offices. This means that the local lenders cannot generate deposits or lend directly to Ethiopian companies and households, but they can conduct research and credit assessments to allow lending from their headquarters in Kenya.

IBM To Expand In Ethiopia On Increased Demand, Stable Economy – Ventures Africa

Click here IBM To Expand In Ethiopia On Increased Demand, Stable Economy – Ventures Africa.

IBM is set to expand its Ethiopian operations as the country’s stable government and improving infrastructure poses extensive opportunities for business growth. Speaking at an IBM recruitment even in Addis Ababa, Market Development Advisor for IBM Gordon Lehman revealed the Company’s plans to grow its presence on the Ethiopian market in the coming period, as demand from local partners has been booming over recent months.