Industry is projected to overtake agriculture as Ethiopia’s second-largest economic sector in the 2018 Ethiopian Fiscal Year (EFY), according to preliminary estimates that put nominal gross domestic product at approximately 31.9 trillion birr.
The projections, presented in a government report on the rebasing of national accounts, place industry’s contribution at 31.78 per cent of GDP, narrowly ahead of agriculture’s 31.35 per cent. Services would remain the largest sector, accounting for 33.85 per cent.
The industrial sector’s projected lead of 0.43 percentage points over agriculture would mark a shift in the measured composition of the economy. However, the figures remain preliminary and do not, on their own, establish a manufacturing-led transformation, as industry also includes construction, mining, electricity and water.
Nominal GDP is estimated to rise from 24.03 trillion birr in 2017 EFY to approximately 31.9 trillion birr...
As Addis Ababa prepares to host the 26th edition of the Great Ethiopian Run’s flagship international 10km race on November 22, General Manager Dagmawit Amare is looking beyond registration numbers to a more ambitious goal: getting at least 50,000 participants across the finish line.
Appointed in 2021, Dagmawit succeeded Ermias Ayele, who had led the organisation for 11 years, becoming...
As Ethiopia accelerates its transition towards a private sector-led economy through macroeconomic, structural and sectoral reforms, the institution representing the business community faces its own critical turning point.
For decades, the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) has operated under Proclamation No. 341, a legal framework from a different era whose structural limitations and fragmented model have constrained...
Invitation to Bid
National Competitive Bid (NCB)
Bid Ref. No. ZB/40/26
Zemen Bank S.C invites interested and eligible bidders for the procurement of Different Cash Related Equipment, Generator and Different Branch Opening Items mentioned below.
Lot No.DescriptionAmount of Bid Security in ETBLot 1 Multi-Currency Detecting Machine250,000.00Normal Note Counting MachineLot 2 Different Fire Resistance Cash Safes (Large Size Cash safe for...
The Office of the United Nations High Commissioner for Refugees (UNHCR), Representation Office in Ethiopia, Addis Ababa, invites qualified and registered Contractors / Suppliers to participate in the following tender:
#Tender SubjectClosing Date1 REQUEST FOR PROPOSSAL (SRFP)- UNHCR SRFP 3919 Drilling, Construction, Development, Pump Testing and Commissioning Three Water Boreholes In Buramino Dolo Ado...
The Office of the United Nations High Commissioner for Refugees (UNHCR), Representation Office in Ethiopia, Addis Ababa, invites qualified and registered Suppliers to participate in the following tenders:
SN Tender SubjectClosing Date1Request for Quotation UNHCR RFQ No. 3912,1 For the provision of electrical distribution, installation, earthing, testing, and commissioning works at the UNHCR Humanitarian Hub in Ninyang, Gambella Region, Ethiopia. ...
REQUEST FOR EXPRESSION OF INTEREST (EOI) FOR COLLECTION AND DISPOSAL OF HAZARDOUS AND ELECTRONIC WASTE & CONDUCTING EFFLUENT TESTS
REOI Ref. No: REOI-441/26/GS/PUR
TotalEnergies Marketing Ethiopia S.C invites interested, eligible and qualified contractors/service providers to submit their Expression of Interest for the collection, transportation, secure destruction and environmentally compliant disposal/recycling of hazardous and electronic waste and conducting effluent tests.
Interested applicants shall...
China-Africa Impressions Photography Exhibition opened Thursday in Addis Ababa, the capital of Ethiopia, showcasing cultural ties, people-to-people exchanges and time-honored friendship between China and Africa.
Held at the United Nations Economic Commission for Africa (UNECA), the photography exhibition featured 64 photographs, which were selected from 283 entries submitted by 151 photographers of 26 nationalities.
The photographs were captured in more than...
Ethiopia will hold for the first time the Russian Film Days. The event will take place as part of the Ethiopian International Film Festival to unite filmmakers and viewers from 26 countries from November 15th to 22nd in Addis Ababa.
The big screen of the Addis Theatre and Cinema will introduce the Ethiopian audience to six Russian modern motion pictures...
The Third Russia–Africa Summit in Moscow has solidified an evolving geopolitical alignment, pairing continental ambitions for sovereign development with...
Livestock play a significant role in Ethiopia’s national development. It provides livelihoods, jobs and nutrition. However, livestock production and...
By our staff reporter
The Mauritius Commercial Bank Limited (MCB) has provided a strategic financing package to Invictus Investment Company PLC (ADX: INVICTUS), a prominent agro-food enterprise operating in the Middle East and Africa. The package, structured as an acquisition finance and revolving credit facility, aims to support Invictus Investment’s expansion into new markets and strengthen its working capital position as it scales operations.
This financing agreement builds on the existing partnership between MCB and Invictus Investment and underscores a shared commitment to advancing food security...
By our staff reporter
Wingu Africa has launched Wingu Cloud Exchange (WCX), a locally hosted private cloud platform designed for the wider East African region.WCX gives organisations a secure, compliant, cost-effective, and easy-to-use alternative to offshore cloud services. With transparent local-currency pricing, rapid deployment, and instant scalability, it enables businesses to grow workloads without complexity or unpredictable costs. Launching first in Tanzania, the platform will gradually roll out across all Wingu markets, including Ethiopia and Djibouti.
WCX includes Wingu Compute, Wingu Kubernetes, Wingu Drive, and Wingu...