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NBE Announces Reform Of Foreign Exchange

Following up on the Government’s recent statement regarding Ethiopia’s economic reform program, the National Bank of Ethiopia (NBE) today released an official statement announcing a major revision of the country’s foreign exchange (FX) system effective immediately. Elaborating the latest reform, Governor of NBE Mr. Mamo Mihretu stated that the reform introduces a competitive, market-based determination […]

Delegates of investors from UAE Visited GSEZ

A delegation of investors from the UAE, headed by H.E. Dr. Abdulaziz Dawud, the Head of the Office of the President of Oromia National Regional State and Regional Cabinet Affairs, visited Gada Special Economic Zone (GSEZ). Mr. Motuma Temesgen, Director General of Gada Special Economic Zone and the GSEZ management team welcomed them at GSEZ […]

A MoU has been signed between Gada Special Economic Zone (GSEZ) and Chongqing Kunhuang Industrial Development Group.

A Memorandum of Understanding was signed today, June 26, 2024, between GSEZDC and Chongqing Kunhuang Industrial Development Group at the GSEZDC Headquarters in Adama. This agreement enables the group to develop an industrial park for ceramic products and construction materials aimed at both domestic and international markets. The two parties held a productive discussion and […]

Komishiniin Investimentii Itiyoophiyaa (EIC) Zoonii Diingdee Addaa Gadaa daawwate.

Komishinii Investimentii Itiyoophiyaa waliin gaafa guyyaa 11/10/2016 hojii misoomaa Koorporeeshiniin Misooma Zoonii Diinagdee Addaa Gadaa gaggeessaa jiruu pirojektoota garaa garaa kanneen akka: pirojektii bishaanii, bakka kuusaa bishaanii/ reservoir, karaa asfaaltii fi sabsiteeshinii zoonichi hojjechiisaa jiru dawwateera.Daawwannaa kana irrattis Hoogganaa I/Aanaa KMZDAG kan ta’an Eng. Dammalaash Muluu haala qabatamaa pirojektootni irra jiran irratti ibsa gaggabaabaa kennaniiru. […]

Ethiopian Investment Commission and Gada Economic Zone Enter a Memorandum of Understanding.

The Ethiopian Investment Commission (EIC) and Gada Special Economic Zone (SEZ) signed a Memorandum of Understanding (MoU) today, facilitating the project’s official launch. Inaugurated last month with Prime Minister Abiy Ahmed’s participation, the Gada SEZ is envisioned as a multi-purpose economic hub designed to attract domestic and foreign investment across logistics, manufacturing, agro-processing, and real […]

Gada Special Economic Zone has officially launched Lume Free Trade Zone

May 10-2024- Gada Special Economic Zone has officially launched Lume Free Trade Zone. Gada Special Economic Zone has officially launched Lume Free Trade Zone in the presence of H.E. Dr. Abiy Ahmed, H.E Mr. Shimelis Abdisa, President of the Oromia National Regional State and ministers, cabinet of the Oromia Regional State, Oromo Elders and Hadha […]

HoPR Approves Special Economic Zones Proclamation

Apr 18, 2024. During its 21st regular session of the third year of tenure today, the House of Peoples’ Representatives of Ethiopia (HoPR) sanctioned bills pertaining to Special Economic Zones proclamation and the amendment of the Intergovernmental Authority on Development (IGAD) establishment agreement. The Special Economic Zones proclamation bill was referred to the parliament by […]