Some 15 million Euros Coffee Project LaunchedFive-year project, which is expected to help increase the price of Ethiopia’s coffee in international markets, was launched today.

The 15-million-Euros project is funded by  the European Union. It involves coffee producers in 28 woredas of Oromia, SNNP and Amhara regional states.

The Government of Ethiopia will also provide support in kind and expertise for the implementation of the project.

During the launching ceremony, Agriculture State Minister Sani Redi said the aim of the project is to help increase the price of Ethiopian coffee in the international market and strengthen the economy.

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Ethiopia to Host ITME Africa 2020Ethiopia to host International Textile Machinery Exhibition (ITME) Africa 2020, which scheduled to be held from 14th to 16th February.

The exhibition is organized by India ITME Society in collaboration with Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA).

Ethiopia has selected to host the first edition as the nation is one of the major countries in Africa with significant growing textile industry, it was indicated.

Briefing Journalists, India ITME Society Chairman, Hari Shankar said the exhibition proposes to bring to the table complete solutions to textile industry development in Africa through affordable technology and international exposure.

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Premier Invites South Korean Investors to Invest in EthiopiaEthiopian Prime Minister Dr Abiy Ahmed invited South Korean investors to invest in his country.

During Ethio-South Korea business forum held in Seoul, the capital and largest metropolis of South Korea, the Premier has invited South Korean investors to come to Ethiopia.

The Ethiopia is committed and has made economic reforms on its investment and business policies and laws in a bid to create conducive investment environment so as to enhance foreign direct investment (FDI), he said.

President of the Korea-Africa Foundation, Yeon-ho Choi, said on his part Ethiopia is South Korea’s preferable country to expand its market share in Africa.

The Premier also held talks with Hyundai leadership to discuss the potential expansion of investments in Ethiopia, according to office of the Prime Minister.

Ethiopian and South Korean leaders have reached consensus on elevating Ethio-South Korea relations to a strategic partnership, according to office of the Prime Minister, according to Africa Business Networking.

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National Hotel and Tourism Conference Begins in Addis AbabaThe first National Hotel and Tourism Conference kicked off in Addis Ababa today.

Chief Administrators of regional states, ministers, actors in the tourism industry, and other government officials, including Deputy Prime Minister Demeke Mekonnen, are in attendance of the meeting.

In his opening remark, Demeke called for improved services and infrastructure to increase Ethiopia’s competitiveness in the tourism industry.

He said the government is committed to work closely with investors to address the challenges facing the industry.

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Nation Taking Measures to Correct Macro economic Imbalances Deputy PM DemekeThe Government of Ethiopia has been taking measures and critical adjustments on macro-economic imbalances in order to protect the country’s economy from crisis, Deputy Prime Minister Demeke Mekonen said.

Opening the Home Grown Economic Reform Forum today, the deputy premier said since last year the government has embarked on economic, social and political reforms at macro level.

Appreciating the double-digit economic growth in the country over the past 15 years, Demeke underlined that macro-economic imbalance which hindered the nation from generating sufficient finance has been witnessed.

Following this gap, Ethiopia has been undertaking diverse measures to correct the imbalance, he stated.  

Accordingly, the government has prepared a Home Grown Reform Document that would enable the country to uphold the previous achievements and solve the current challenges on economy, he indicated.

He called on all the stakeholders to contribute their share for reform activities that would make the economy sustainable and stable.

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