Addis Ababa, November 11, 2021 (FBC) – Industrial Parks Development Corporation announced that Bahir Dar Industrial park has begun its first apparel products to foreign market. Hop Loun, one of the companies in the park, has for the first time exported garments made by PLC Ethiopia. In a related story, […]
Yearly Archives: 2021
114 posts
Addis Ababa, November 4, 2021 (FBC) – As part of expanding investments in neighboring countries, an Ethiopian owned NOC Djibouti has signed an agreement with a China Construction to significantly renovate and modernize a service station worth 1.3 million dollars on Wednesday. Minister of Energy and Natural Resource, Yonis Ali […]
Addis Ababa, November 3, 2021 (FBC) – Ministry of Trade and Industry discloses that 42.75 million USD has been garnered in a quarter of the Ethiopia’s fiscal year from exporting manufactured goods. The target for this sector has been set at 42.85 million USDs. According to the ministry, as a […]
Addis Ababa, October 31, 2021 (FBC) – More than 50 German companies participated in a webinar organized by German-Africa Business Association in partnership with the Ethiopian Embassy in Berlin and the Ministry of Foreign Affair with a view to explore trade and investment opportunities in Ethiopia on Friday. During the […]
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 […]