Foreign Direct Investment (FDI) flow in Ethiopia has increased by 23 percent over the last six months of the budget year, Prime Minister Abiy Ahmed said. Addressing queries from members of the House of Peoples’ Representatives today, the premier said despite several challenges, the nation attracted additional 1.63 billion USD in […]
Yearly Archives: 2022
130 posts
Addis Ababa, February 19, 2022 (FBC) – A delegation led by the Executive Director of the Ethiopian Horticulture Producers and Exporters Associations made a three-day-long working visit to Djibouti from February 16-18, 2022. During the visit, the delegation conferred with Ethiopian Ambassador to Djibouti, Berhanu Tsegaye, Secretary-General of the Ministry […]
Addis Ababa, February 17, 2022 (FBC) – Ethiopia has earned 658.1 million USD from coffee, tea and spices export, exceeding the planned 461.81 million USD during the past seven months of the Ethiopian budget year. Ethiopian Coffee and Tea Authority said it planned to export 451.321.73 tons of coffee, tea […]
Addis Ababa, February 15, 2022 (FBC) – The Ministry of Trade stated that the efforts underway to substitute import products with locally produced items is bearing fruits. The Ministry said Ethiopia has now been producing military uniforms and shoes locally, and has managed to save foreign currency thereby reduce the […]
Addis Ababa, January 28, 2022 (FBC) – Two Italian companies; Rimorchiatori Riunti Group and GE car Group have expressed interest to conduct a pre-investment visit to Ethiopia in order to explore opportunities in the country. The companies have shown interest to invest in Ethiopia in areas of logistics, transport and […]
Africa largest airline may order five Boeing 777 freighters Ethiopian looking to capitalize on pandemic e-commerce boom Addis Ababa, January 24, 2022 (FBC) – Ethiopian Airlines Group will ramp up investment in cargo services and infrastructure and is looking to become a logistics hub for Africa’s growing e-commerce market. The continent’s […]
China becomes among top importers Addis Ababa, January 20, 2021 (FBC) – Ethiopian Coffee and Tea Authority announced that 578 million USD has been obtained in the past six months from exporting coffee and China has become among top Ethiopia’s coffee importers for the first time. As to the information […]
Deputy Mayor of Addis Ababa, Jantirar Abay has launched #BuyEthiopian Exhibition and Bazaar at Mechare Meda open space in the capital. The exhibition has been organized by Jobs, Enterprises and Industry Development Bureau in partnership with several enterprises operating in the country. The Exhibition and Bazaar which is intended to […]
Addis Ababa, January 13, 2022 (FBC) –The Ministry of Mines (MoM) has signed agreements with 8 coal mining companies that registered a combined capital of 6 billion birr. The agreement would help achieve Ethiopia’s drive to fully replace imported coal with domestic production, it was noted during the signing ceremony. […]
Addis Ababa, January 12, 2022 (FBC) –Ethiopian Cargo and Logistics Services has adopted an online e-bookings platform. Customers will now be able check flight schedules and book space for their shipments in real-time utilizing the platform on the African airline’s website. The move follows the airfreight division introducing a mobile […]