Abyssinia Business Network

Abyssinia Business Network Abyssinia Business Network (ABN) is Ethiopia’s fastest, reliable English-language daily news platform, providing timely and accurate updates.

In addition, ABN publishes a monthly magazine primarily focuses on business and economy.

ETB 2.4 Trillion in Deposits: CBE Records ETB 84 Billion Profit.Addis Ababa, Sep 05/2026(ABN)The Commercial Bank of Ethi...
05/09/2026

ETB 2.4 Trillion in Deposits: CBE Records ETB 84 Billion Profit.

Addis Ababa, Sep 05/2026(ABN)

The Commercial Bank of Ethiopia (CBE) has recorded more than ETB 84 billion in profit before tax, while its total deposits surpassed ETB 2.4 trillion during Ethiopian Fiscal Year 2018, according to provisional performance data presented during its annual performance dialogue with Ethiopian Investment Holdings (EIH).

CBE added 3.1 million new customer accounts during the fiscal year, bringing its total customer base to 48.1 million.

The bank mobilized an additional ETB 707.5 billion in deposits, taking its total deposit balance above ETB 2.4 trillion.

Loan collections also increased significantly, reaching ETB 521.9 billion, representing 82.7% growth compared with the same period of the previous year.

CBE disbursed ETB 645.8 billion in loans during the fiscal year. The private sector received ETB 589.6 billion, or 91.3%, while ETB 56.2 billion, or 8.7%, was allocated to the public sector.

The bank’s profit before tax of more than ETB 84 billion marks a significant recovery following the financial impact of foreign exchange devaluation recorded in the previous year.
The performance was discussed on the ninth day of EIH’s annual performance dialogue, where the holding company reviewed CBE’s financial and operational results.

EIH recommended that CBE continue strengthening its market position by expanding digital banking services, improving customer experience, streamlining credit processes and strengthening risk-management capabilities.

The holding company also called on CBE to improve cost efficiency to support profitability while maintaining healthy liquidity.

The latest performance comes as Ethiopia’s banking sector continues to expand and competition intensifies, increasing the need for financial institutions to improve digital services, operational efficiency and customer-focused banking.

With deposits exceeding ETB 2.4 trillion, a customer base of 48.1 million and more than ETB 84 billion in pre-tax profit, CBE remains a major force in Ethiopia’s financial sector.


Abiy Ahmed Ali
Ethiopian Investment Holdings
Commercial Bank of Ethiopia

$10 Billion Investment: China Deepens Economic Ties with Egypt.Addis Ababa, Sep05/2026 (ABN)China and Egypt are deepenin...
05/09/2026

$10 Billion Investment: China Deepens Economic Ties with Egypt.

Addis Ababa, Sep05/2026 (ABN)

China and Egypt are deepening their economic partnership, with Chinese investment in Egypt surpassing $10 billion as the two countries expand cooperation in trade, finance and strategic industries.

The growing investment relationship reflects the expanding presence of Chinese companies in Egypt and increasing investor confidence in the country as a regional economic and trade hub.

China and Egypt have also agreed to strengthen the use of their local currencies in trade and investment settlements, reducing reliance on the US dollar in bilateral transactions. The two countries have expanded their local currency swap arrangement as part of efforts to facilitate trade and strengthen financial cooperation.

Cooperation is expanding across key sectors, including construction, energy, manufacturing and agriculture, areas that remain central to Egypt’s economic development and China’s engagement in Africa.

A significant element of the financial partnership is the establishment of the Renminbi (RMB) Clearing Bank of Africa, which provides African financial institutions with greater direct access to China’s financial system and supports yuan-based transactions.

The development is expected to make RMB settlement more accessible for African businesses engaged in trade and investment with China, potentially supporting greater financial connectivity between the two economies and the wider African market.

For Egypt, expanding financial cooperation with China provides additional options for facilitating international trade and investment. For China, Egypt offers an important gateway to African and regional markets, supported by its strategic geographic position and major infrastructure networks.

The growing partnership comes as China continues to strengthen economic ties across Africa through investment, infrastructure development, manufacturing, energy and trade.

The increasing use of local currencies also points to a broader trend in international commerce, with emerging economies seeking to diversify payment and settlement mechanisms and strengthen direct financial links.

With more than $10 billion in Chinese investment already present in Egypt and cooperation expanding into financial and strategic sectors, the China-Egypt relationship is moving beyond traditional trade toward a deeper economic partnership.


Egypt Today Magazine
China Culture

Africa’s Aviation Backbone: Ethiopian Airlines Strengthens MRO Leadership.Addis Ababa, Sep 04/2026 (ABN) Ethiopian Airli...
04/09/2026

Africa’s Aviation Backbone: Ethiopian Airlines Strengthens MRO Leadership.

Addis Ababa, Sep 04/2026 (ABN)

Ethiopian Airlines is strengthening its position as one of Africa’s leading aviation groups by expanding its Maintenance, Repair and Overhaul (MRO) capabilities, transforming Addis Ababa into an increasingly important center for aircraft maintenance, engineering and technical services.

The development represents a strategic shift beyond passenger and cargo transportation. Through its MRO operations, Ethiopian Airlines is building technical capacity that supports its own growing fleet while providing maintenance services to airlines across Africa and international markets.

Building Africa’s Technical Aviation Capacity

Ethiopian Airlines’ MRO division has developed capabilities covering aircraft maintenance, component services, engine support, engineering, aircraft structures, composites and specialized technical operations.

The airline has invested in modern maintenance infrastructure and specialized facilities designed to increase its capacity and improve efficiency. These investments are helping Ethiopian Airlines handle increasingly sophisticated aircraft and reduce the need to send major maintenance work outside the continent.

For Africa’s rapidly expanding aviation sector, the significance is substantial. A stronger continental MRO network can reduce maintenance costs, shorten aircraft downtime and retain more aviation-related spending within Africa.

Addis Ababa Emerging as an MRO Hub

Ethiopian Airlines’ technical operations have helped position Addis Ababa as more than a passenger transit point. The capital is increasingly becoming an aviation services hub where aircraft can receive maintenance, technical support and engineering services.

The airline has progressively expanded its ability to work on modern aircraft, including Boeing and Airbus models. Its growing capabilities in areas such as composite structures, aircraft painting, component maintenance and heavy maintenance demonstrate the increasing sophistication of Ethiopia’s aviation industry.

One notable milestone came with Ethiopian Airlines’ completion of Africa’s first full strip-and-paint program for an Airbus A350-900, demonstrating the technical expertise being developed within the country.

A Continental Opportunity

Africa’s aviation market is expected to continue growing as connectivity between African cities increases and airlines expand their fleets. This growth creates demand for a stronger aviation-support ecosystem.

MRO is a critical part of that ecosystem.

Airlines need reliable access to maintenance facilities, spare parts, engineering expertise and highly trained technicians. Building these capabilities within Africa can strengthen airline competitiveness while creating opportunities for employment, skills development and technology transfer.

Ethiopian Airlines is also looking beyond Ethiopia. Its plans to support the development of MRO capacity in West Africa demonstrate an ambition to contribute to a broader continental aviation maintenance network.

Investing in Skills and Technology

Behind every aircraft maintenance facility is a workforce of engineers, technicians and aviation specialists. Ethiopian Airlines’ MRO expansion therefore represents an investment in human capital as well as infrastructure.

The development of specialized technical expertise can create a foundation for the next generation of African aviation professionals, enabling more complex maintenance activities to be performed on the continent.

This is particularly important as African airlines introduce newer aircraft equipped with advanced technologies and increasingly complex systems.

Strengthening Ethiopia’s Aviation Position

Ethiopian Airlines’ MRO expansion also supports Ethiopia’s wider ambition to remain a leading aviation center in Africa.

The airline has established itself as a major international carrier connecting Africa with destinations across the world. Its investment in MRO adds another layer to that aviation ecosystem, positioning Ethiopia as a location for air transport, aircraft maintenance, engineering, training and aviation-related services.

For Ethiopia, this creates potential economic benefits through foreign airline customers, skilled employment, technology development and aviation-related investment.


Ethiopian Airlines
Abiy Ahmed Ali

The Price of Hope: Why Africans Are Dying on Dangerous Migration Routes.Addis Ababa, Sep 04/2026 (ABN) For thousands of ...
04/09/2026

The Price of Hope: Why Africans Are Dying on Dangerous Migration Routes.

Addis Ababa, Sep 04/2026 (ABN)

For thousands of Africans, migration is often a journey driven by hope. Hope for employment, education, security, dignity and a better future. Yet for many, the search for opportunity has become a dangerous journey marked by deserts, oceans, borders and criminal networks.

Every year, African migrants attempt irregular journeys through some of the world's most dangerous migration routes. Some travel across the Sahara Desert, others attempt perilous sea crossings toward Europe, while many face exploitation, trafficking, detention and violence along the way. For those who do not survive, the dream of a better life ends far from home.

The reasons behind these journeys are complex. Limited employment opportunities, poverty, political instability, conflict, insecurity, climate-related pressures and unequal access to economic opportunities can push people to consider leaving their communities. At the same time, the perception of better opportunities abroad, strengthened by social media and stories from successful migrants, can encourage others to take the same routes.

For many young Africans, migration is not simply a choice between staying and leaving. It can become a difficult calculation between limited opportunities at home and the risks associated with irregular migration. Smugglers and trafficking networks often take advantage of this desperation, promising safe passage while exposing migrants to severe danger.

The journey across the Sahara is one of the most challenging stages for many migrants. Extreme heat, dehydration, vehicle accidents, abandonment and criminal exploitation have claimed lives. Those who reach the Mediterranean face another major danger as overcrowded and unseaworthy boats attempt to cross the sea.

The Mediterranean has become a symbol of the human cost of irregular migration. Migrants who survive the crossing may still face detention, exploitation, discrimination and uncertainty about their future. Families at home are often left waiting for information, sometimes without knowing whether their loved ones are alive.

Behind the statistics are individual stories: young people who left their homes with dreams of becoming entrepreneurs, supporting their families or building careers; parents seeking better opportunities for their children; and families who sold their possessions to finance journeys that ultimately ended in tragedy.

The crisis also raises a broader question for Africa: why are so many young people willing to risk their lives to seek opportunities elsewhere?

Africa has one of the world's youngest populations, giving the continent enormous potential for economic growth and innovation. Yet that potential requires investment in employment, education, entrepreneurship, infrastructure, skills development and inclusive economic opportunities.

Creating opportunities at home is therefore an important part of addressing irregular migration. Young people need pathways that make building a future in their own communities realistic and attractive. Investment in industries capable of creating large numbers of decent jobs, stronger support for entrepreneurs, expanded technical and vocational education, and improved access to finance can help transform migration from a desperate necessity into a genuine choice.

Governments, businesses, regional institutions and international partners all have a role to play. Combating human trafficking and smuggling networks remains essential, while safe and legal migration pathways can reduce dependence on dangerous routes.

The responsibility also extends beyond Africa. Destination countries face the challenge of managing migration while protecting human rights and preventing exploitation. Policies focused solely on border control cannot address the economic and social pressures that drive people onto dangerous routes.

For Africa, the issue is ultimately about more than migration. It is about opportunity, dignity and the future of a generation.
The young African who boards a dangerous boat or crosses a desert is not simply a migrant statistic. That person represents a family, a community and a set of ambitions that could contribute to Africa's development.

The real price of hope is measured in lives lost, families separated and futures interrupted. Addressing the crisis requires moving beyond emergency responses and confronting the conditions that make dangerous journeys appear worth the risk.

Africa's long-term answer must be an economy where young people can pursue ambition without having to gamble their lives at a border.

ABN Perspective: The migration crisis is a reminder that Africa's greatest resource is its people. Turning that human potential into economic opportunity at home may be one of the most powerful ways to ensure that the pursuit of a better future does not become a journey toward tragedy.


African Union

96.2 Million Customers: Ethio telecom Accelerates Digital Transformation.Addis Ababa, Sep 04/2026 (ABN) Ethio telecom ha...
04/09/2026

96.2 Million Customers: Ethio telecom Accelerates Digital Transformation.

Addis Ababa, Sep 04/2026 (ABN)

Ethio telecom has unveiled its 2019 EFY (2026/27) Annual Business Plan, entering the second year of its Next Horizon: Digital & Beyond 2028 Strategy with an ambitious target to expand its customer base to 96.2 million and accelerate Ethiopia's digital transformation.

The annual business plan builds on the company's achievements during the first year of the Next Horizon strategy and places greater emphasis on digital innovation, customer experience, connectivity expansion, financial technology and technology-driven services.

Ethio telecom plans to increase its total customer base by 6.7 percent, reaching 96.2 million during the 2019 EFY business year. Mobile voice customers are projected to reach 92.3 million, while mobile data and internet users are expected to grow by 16.5 percent to 60.01 million.

The company is also targeting significant expansion in fixed broadband services, with customers expected to reach 1.26 million, representing a 25.6 percent increase. Overall telecommunications pe*******on is projected to reach 82.1 percent.

Digital financial services will remain a major growth area, with telebirr customers targeted to reach 67.69 million. The company expects telebirr transactions to reach 4.99 billion, with the total value of transactions projected at approximately ETB 7.4 trillion.

Ethio telecom is also strengthening international connectivity as part of its digital expansion. International gateway and cache capacity is planned to increase from 4.3 Tbps to 5.2 Tbps, while the company will integrate global content delivery networks including Google, Meta, Netflix, Cloudflare and CDN77.

The company further plans to introduce submarine cable IRU capacity, supporting the growing demand for international data services and strengthening Ethiopia's position within the regional and global digital infrastructure network.

Innovation remains central to the Year II plan, with Ethio telecom targeting 312 new and enhanced products and services across connectivity, digital lifestyle, fintech, enterprise solutions and international services.

To support wider digital access, the company plans to supply more than 2.6 million connectivity devices, including one million ZNEXUS affordable cloud-based smart devices.

The new plan further advances Ethio telecom's transition from a traditional telecommunications operator toward a technology-driven digital enterprise. Its expanding activities in fintech, e-commerce, cloud computing, artificial intelligence, enterprise solutions and digital platforms are increasingly positioning the company as a key player in Ethiopia's digital economy.

Through platforms such as telebirr and ZemenGebeya, Ethio telecom is expanding its digital ecosystem while continuing to invest in telecommunications infrastructure and customer-focused services.

The broader Next Horizon strategy targets 100 million telecom customers by 2027/28, demonstrating the company's long-term ambition to expand digital access and strengthen its role in Ethiopia's technology ecosystem.

With the Year II business plan now underway, Ethio telecom is placing scale, innovation and digital inclusion at the center of its growth agenda, as Ethiopia continues its transition toward a more connected and technology-driven economy.


Ethio telecom

The Ethiopian Smile: Connecting People, Cultures and DestinationsAddis Ababa, Sep 03/2026 ABN)Ethiopia is a country wher...
03/09/2026

The Ethiopian Smile: Connecting People, Cultures and Destinations

Addis Ababa, Sep 03/2026 ABN)

Ethiopia is a country where a smile can tell a story, open a conversation and create a connection across cultures. From the vibrant streets of Addis Ababa to the ancient landscapes, historic cities and diverse communities across the country, the Ethiopian smile represents a warm invitation to discover a nation rich in heritage, hospitality and human connection.

More than a welcoming expression, the Ethiopian smile reflects a culture built around respect, community and hospitality. It connects visitors with local communities, introduces travelers to centuries-old traditions and creates meaningful experiences that extend beyond the destination itself.

Ethiopia’s cultural diversity provides an extraordinary journey through languages, traditions, cuisine, music, dance, fashion, craftsmanship and historic heritage. Each region offers its own identity and character, creating a destination experience shaped by people as much as by places.

At the heart of this experience is the Ethiopian people. Their hospitality transforms travel into personal connection, allowing visitors to experience the country through genuine interactions and shared moments. A simple smile can become the beginning of a cultural exchange, a friendship and a lasting memory.

From the ancient wonders of Lalibela and Axum to the natural beauty of the Simien Mountains, the landscapes of the Rift Valley and the dynamic energy of Addis Ababa, Ethiopia offers destinations with stories waiting to be experienced. These places become even more meaningful through the people who welcome, guide and share them with the world.

As Ethiopia strengthens its position as a leading cultural and tourism destination in Africa, the Ethiopian smile can serve as a powerful symbol of the country's global identity connecting people, celebrating cultures and inspiring travelers to explore new destinations.


Ethiopian Airlines
World News Now

ETB 100 Billion Housing Finance Initiative to Unlock Mortgage Access Across Ethiopia.Addis Ababa, Sep 03/2026 ABN)The Na...
03/09/2026

ETB 100 Billion Housing Finance Initiative to Unlock Mortgage Access Across Ethiopia.

Addis Ababa, Sep 03/2026 ABN)

The National Bank of Ethiopia (NBE) and the International Finance Corporation (IFC) have signed a Framework for Cooperation to establish Ethiopia’s first dedicated Mortgage Refinance Company, marking a major development in the country’s housing finance sector.

The new wholesale financial institution will be capitalized at ETB 100 billion, with the IFC expected to contribute a minimum of USD 200 million.

The initiative aims to address longstanding liquidity mismatches in Ethiopia’s banking sector by providing financial institutions with access to longer-term funding for mortgage lending.

The Mortgage Refinance Company is expected to expand access to mortgage financing across Ethiopia and strengthen the capacity of banks to provide sustainable housing loans to households.
The partnership is also linked to the government’s ambition to deliver 1.5 million affordable and dignified homes for Ethiopian families.

The initiative is expected to increase private-sector participation in the housing market while creating additional opportunities across banking, construction, real estate, building materials, and related industries.

The NBE–IFC cooperation forms part of Ethiopia’s broader financial-sector transformation agenda, with a focus on building a modern, resilient, and inclusive financial system.

The establishment of the Mortgage Refinance Company is expected to provide a new financing mechanism for Ethiopia’s housing market and support the mobilization of domestic and international private capital toward affordable housing development.


Abiy Ahmed Ali
Ministry of Finance - Ethiopia
International Monetary Fund
IMF Africa

Bale Mountains: The Untold History Behind Ethiopia’s Highland Treasure.Addis Ababa, Sep 03/2026 ABN)Beyond its dramatic ...
03/09/2026

Bale Mountains: The Untold History Behind Ethiopia’s Highland Treasure.

Addis Ababa, Sep 03/2026 ABN)

Beyond its dramatic landscapes, rare wildlife, and growing reputation as one of Ethiopia’s premier nature destinations, the Bale Mountains hold a much deeper story one that reaches thousands of years into the human past.

Today, Bale is internationally recognized for its extraordinary biodiversity. In 2023, Bale Mountains National Park was inscribed on the UNESCO World Heritage List, recognizing its exceptional ecosystems and species diversity. Yet the story of Bale did not begin with the establishment of the national park.

A Highland Landscape with an Ancient Human Story
For years, the high-altitude environment of the Bale Mountains was often portrayed as a place with limited or relatively recent human activity. Archaeological research has challenged that perception.
Recent interdisciplinary research has produced evidence of human occupation in the Afro-alpine Bale Mountains dating back to around 15,000 years ago, demonstrating that people were capable of living and adapting to these harsh high-altitude environments during prehistoric periods.

Other archaeological research has documented human-environment interaction in Bale extending from the Late Stone Age through the arrival and development of pastoralist communities. Researchers studying ancient charcoal and archaeological remains have investigated occupation and environmental relationships spanning tens of thousands of years.

This discovery changes the way Bale can be understood. Its high plateaus were not simply an untouched wilderness waiting to be discovered by modern conservationists. They were landscapes that people encountered, used, adapted to, and incorporated into their lives over generations.

Before the National Park

The modern Bale Mountains National Park was established in 1971, following conservation efforts that began in the late 1960s. Its original objectives focused heavily on protecting the endemic Mountain Nyala and Ethiopian Wolf and conserving the area's unique Afro-alpine ecosystems.

The national park eventually became one of Ethiopia's most important protected areas. However, the history of conservation is only one chapter in the much longer history of Bale.

The mountains and surrounding highlands have long been associated with Oromo communities and their cultural, spiritual, agricultural, and pastoral traditions. Research into Bale's history has increasingly emphasized the importance of recognizing local communities as part of the landscape's history rather than viewing the mountains simply as an empty wilderness.

A Landscape Shaped by Nature and People
Bale's history is also written into its geology.

Ancient volcanic activity, glacial processes, erosion, and the influence of the Great Rift Valley helped create the dramatic landscape visible today. UNESCO identifies volcanic peaks, glacial lakes, wetlands, deep valleys, forests, gorges, and waterfalls as defining features of the World Heritage property.

The evidence of past glaciers is particularly striking. Geological research has identified extensive glacial features in the Bale Mountains, including moraines and other evidence associated with past periods of glaciation.

The People Behind the Landscape
One of the most important parts of Bale's untold story is its human dimension.

Archaeological surveys have recorded hundreds of rock shelters and hundreds of settlements across the mountain environment, including permanently and seasonally occupied sites. These findings demonstrate that human interaction with the highlands has been considerably more extensive than older assumptions suggested.

This history adds another layer to Bale's identity. The mountains are simultaneously a geological archive, a biodiversity sanctuary, an archaeological landscape, and a living cultural environment.

From Ancient Highland Life to Global Heritage
Bale has now entered a new chapter.

Its designation as a UNESCO World Heritage Site has placed the region on the international map, while its extraordinary wildlife including the Ethiopian Wolf, Mountain Nyala, and Bale Monkey continues to attract global scientific and conservation interest.
Yet perhaps the most important story is that Bale's value cannot be measured only by the species found there or by the number of tourists who visit.

Its real significance lies in the combination of ancient human history, living cultures, geological evolution, water resources, biodiversity, and natural beauty that have developed together across thousands of years.

The untold history of Bale is therefore not simply a story about a mountain range.

It is the story of people, nature, survival, adaptation, and conservation across one of Africa's most extraordinary highland landscapes.

As Ethiopia looks toward a new era of tourism and heritage development, bringing this deeper history into the global conversation could help transform Bale from a spectacular destination into a destination with a story the world has yet to fully discover.


የቱሪዝም ሚኒስቴር-ኢትዮጵያ Ministry of Tourism-Ethiopia
Visit Oromia

Ethiopia and IFC Advance New Investment Opportunities Under Economic Reform.Addis Ababa, Sep 02/2026 ABN)Ethiopia and th...
02/09/2026

Ethiopia and IFC Advance New Investment Opportunities Under Economic Reform.

Addis Ababa, Sep 02/2026 ABN)

Ethiopia and the International Finance Corporation (IFC) are advancing cooperation to expand private sector investment and unlock new opportunities under the country’s ongoing economic reform agenda.

Ethiopian Minister of Finance H.E. Ahmed Shide held discussions with IFC Managing Director Mr. Makhtar Diop on strengthening collaboration and mobilizing private capital for Ethiopia’s development priorities.

During the meeting, Minister Ahmed Shide highlighted the Government’s bold macroeconomic reforms and their contribution to improving the investment environment, enhancing private sector participation, and creating new opportunities for investors.

The Minister emphasized the importance of continued IFC support as a catalyst for private capital. IFC currently has a portfolio of approximately USD 500 million in Ethiopia, covering sectors including agribusiness, manufacturing, financial services, healthcare, tourism, and telecommunications.

Mr. Makhtar Diop welcomed the reforms undertaken by the Ethiopian Government and reaffirmed IFC’s strong commitment to supporting Ethiopia’s development priorities.

The two sides discussed priority areas for expanded cooperation, including Public-Private Partnerships (PPPs) and project investments in transport, energy, and housing.

IFC also reaffirmed its commitment to supporting the transformative Bishoftu International Airport project, strengthening support for Independent Power Producers (IPPs), and mobilizing private capital at scale.

The discussions reflect growing efforts by Ethiopia and IFC to translate economic reforms into increased investment, stronger private sector participation, and large-scale development projects.


IMF Africa
International Monetary Fund
Ministry of Finance - Ethiopia

Ethiopia–Brazil Economic Partnership Gains Momentum with ApexBrasil Office. Addis Ababa, Sep 02/2026 ABN)The economic pa...
02/09/2026

Ethiopia–Brazil Economic Partnership Gains Momentum with ApexBrasil Office.

Addis Ababa, Sep 02/2026 ABN)

The economic partnership between Ethiopia and Brazil is gaining momentum as the Brazilian Trade and Investment Promotion Agency (ApexBrasil) moves to establish a permanent office in Addis Ababa.

The new office is expected to serve as a strategic platform for expanding bilateral trade, attracting Brazilian investment, strengthening business partnerships, and creating new market opportunities between the two countries.

Speaking at a press briefing, Ethiopian Investment Commissioner Dr. Zeleke Temesgen said the establishment of ApexBrasil’s permanent presence in Ethiopia will help translate the growing economic relationship between the two countries into concrete trade and investment projects.

Dr. Zeleke highlighted Ethiopia and Brazil’s shared membership in BRICS as an important opportunity to further strengthen foreign direct investment, trade, industrial cooperation, and business-to-business engagement.

He said the Ethiopian Investment Commission is ready to work closely with ApexBrasil in priority sectors, including agribusiness and agro-processing, manufacturing, green energy, logistics, and technology transfer.

“Our mission is to translate strategic cooperation into concrete, high-impact projects,” Dr. Zeleke said, reaffirming the Commission’s commitment to providing comprehensive support to Brazilian companies exploring investment opportunities in Ethiopia.

On the sidelines of the event, Dr. Zeleke held a bilateral meeting with ApexBrasil President Laudemir André Müller, where the two sides discussed opportunities to further strengthen trade and investment cooperation.

The establishment of the permanent ApexBrasil office is expected to enhance market intelligence, investment promotion, trade facilitation, and business matchmaking, while creating a stronger connection between Ethiopian and Brazilian businesses.

The move signals a new phase in Ethiopia–Brazil economic relations, with both countries seeking to leverage their strategic partnership and BRICS engagement to unlock greater investment, trade, and industrial cooperation.


Ethiopian Investment Commission
Brazil
of Brazil Addis Ababa

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Addis Ababa, Kirkos Woreda 09
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