The Brazilian Trade and Investment Promotion Agency will establish a permanent base in Ethiopia’s capital to enhance economic cooperation and facilitate business connections.
The Brazilian Trade and Investment Promotion Agency, ApexBrasil, is establishing a permanent office in Addis Ababa to strengthen economic ties between Brazil and Ethiopia. This initiative aims to create a dedicated platform for improving trade relations, promoting investment opportunities, facilitating market intelligence exchange, and fostering direct connections between businesses from both nations, according to the Ethiopian Investment Commission (EIC). The announcement followed a meeting between EIC Commissioner Zeleke Temesgen and ApexBrasil President Laudemir André Müller.
Commissioner Zeleke Temesgen stated that the new office will act as a crucial strategic bridge, translating the existing economic cooperation between Ethiopia and Brazil into tangible trade and investment outcomes. The EIC has expressed its readiness to deepen collaboration with ApexBrasil in key sectors, including agribusiness, agro-processing, industrial manufacturing, green energy, logistics, and technology transfer. The Commissioner emphasized the goal of converting strategic cooperation into impactful projects.
The Ethiopian Investment Commission is committed to providing comprehensive support to Brazilian companies looking to invest in Ethiopia, ensuring a smooth and effective entry into the market. The press briefing announcing the office opening was attended by various stakeholders, including senior government officials, representatives from the EIC, the Brazilian Embassy, ApexBrasil, the private sector, and other diplomatic missions, underscoring the collaborative nature of this economic expansion.
Why it mattersBrazilian companies and investors will have a direct point of contact and support in Ethiopia, facilitating new trade and investment projects.
Read in ASJ →MIDROC Investment Group will receive gold processing plant machinery from Austria's CEMETC within one year for its Metekel facility.
MIDROC Investment Group has contracted with CEMETC, an Austrian industrial and mining equipment manufacturer, to supply machinery for a new gold processing plant in the Metekel Zone. The plant will have the capacity to process 1.25 million tonnes of gold-bearing ore annually. CEMETC is expected to manufacture, install, and deliver the required equipment within one year.
The agreement is intended to support MIDROC Gold's efforts to expand its mining investments and enhance production efficiency. CEMETC specializes in industrial technology for the cement and mining sectors, offering solutions to improve factory operations and production monitoring. This collaboration aims to boost MIDROC Gold's processing capacity and overall productivity.
MIDROC Gold is a significant contributor to Ethiopia's mineral output and foreign-exchange earnings. The company operates under the MIDROC Investment Group, which stated the deal represents a step toward expanding industrial and mining investment and contributing to the nation's economic development.
Why it mattersInvestors are affected as the deal signifies an expansion in Ethiopia's mining sector, potentially increasing foreign-exchange earnings and production capacity.
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