Monthly Archives: October 2021

Addis Ababa, October 29, 2021 (FBC) – The Minister of Finance and his team conferred with the founder of Cardano and co-founder of Ethereum, Charles Hoskinson. The Minister highlighted the major economic reforms that are underway in Ethiopia as well as the readiness to incorporate avant-garde technology in areas of […]

Addis Ababa, October 29, 2021 (FBC) – The first Sea-Air Cargo Operation that discharge 17 tons of electronic and home appliances from Shenzen to Lagos and Kano in Nigeria via Djibouti is launched on Thursday. The Chairperson of Djibouti Ports and Free zone Authority, Aboubaker Omar Hadi, a diplomat from […]

Addis Ababa, October 28, 2021 (FBC) – Safaricom Ethiopia expresses readiness to support Ethiopia’s national digital transformation and job creation for the youth, two of the pillars of the country’s economic reform. Speaking at the Innovation Africa Digital Summit here in Addis, Safaricom Ethiopia Managing Director Anwar Soussa has said […]

Addis Ababa, October 27, 2021 (FBC) – State Minister of the Foreign Affairs Ministry, Ambassador Redwan Hussein discussed with CEO the Korean company EKOS STEEL Mill P.L.C Shell H. Choo. On the occasion, the CEO called for government’s continued support so that it can utilize its maximum capacity of production. […]

Addis Ababa, October 25, 2021 (FBC) – The first mortgage bank, Goh Betoch Bank, has officially started services in Addis Ababa. The bank provides loans for the construction of houses. Inaugurating the bank, Lady Mayor of Addis Ababa, Adanech Abebie, says “we are happy to inaugurate the first bank in […]

Addis Ababa, October 26, 2021 (FBC) – Kerchanshe Trading Private Limited Company (PLC), the largest producer and exporter of coffee in Ethiopia, says the upcoming 4th China International Import Expo (CIIE) will create a huge opportunity for coffee-producing and exporting companies. In an exclusive interview with Xinhua, the CEO of […]

An Ethiopian farmer has been talking about how avocados have transformed the lives of not just his family but also of people living in his community. Bogale Borena set up an avocado nursery in Yirgalem in the south of Ethiopia, and has been so successful with the venture that he […]

Addis Ababa, October 16, 2021 (FBC) – Representatives of foreign companies participating in the Food, Beverage and Plastprint Pack Trade Fair witnessed wider investment opportunities in Ethiopia. More than 40 companies are participating in the Trade Fair that started yesterday, of which some joined the event from 11 countries. Companies […]

Addis Ababa, October 14, 2021 (FBC) – Agricultural Transformation Agency announced that more than 85,000 of land has been planted with soybean cash crop in participation of 73,000 farmers. The Agency indicated that the farmers engaged in production of pulses in the region are showing progress in line with meeting […]

Addis Ababa, October 8, 2021 (FBC) – An Indonesian business delegation arrives in Arba Minich to assess investment alternatives available in Gamo zone of Southern Ethiopia. Leader of the delegation, Indonesian Ambassador to Ethiopia, Al Busyra Basnur, has said that since the zone is endowed with natural resources there surely […]

Addis Ababa, October 8, 2021 (FBC) – Farmers in 9 agricultural clusters in Amhara region are finalizing to export hass avocados they cultivated in 200 ha of and to international markets. According to the Agricultural Transformation Agency, 447 farmers in North Mecha Woreda of West Gojjam Zone of Amhara Region […]

Investment Commissioner, Lelise Neme said the Ethiopian government is working to enhancing the private sector engagement in the health sector. Enhanced engagement of the private sector in the health area with the alignment of pharmaceutical and medical manufacturing hubs in Kilinto Industrial Park will have a cumulative benefit for both […]