Addis Ababa, September 16, 2022 (FBC) – Ethiopian Ministry of Finance has announced the implementation of a tax reform that encourages industries and importers engaged in electric vehicle investment, and benefits the society in general. As a result of the tax reform, the Ministry confirmed that imported and domestically manufactured […]
Yearly Archives: 2022
130 posts
Addis Ababa, September 16, 2022 (FBC) – Ethiopian Airlines becomes technical partner and core investor of Nigeria Air, as it has been selected by the Nigerian government, further boosting the robust relationship between the airline and Nigeria’s Aviation. Ethiopian Airlines, which is unarguably the best-managed airline in Africa and the […]
Addis Ababa, September 15, 2022 (FBC) – Industrial Parks Development Corporation –Ethiopia (IPDC) and Safaricom Ethiopia signed an investment agreement worth of $60 million in the ICT Park, Addis Ababa. According to a statement from IPDC, the agreement grants Safaricom Ethiopia to invest $60,000,000 to modernize the telecommunications sector in […]
Addis Ababa, September 14, 2022 (FBC) – The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) vessel sets a new record on containerized cargo shipment to Berbera Port. ESLSE’s vessels commenced regular scheduled liner service at the Berbera Port, Somaliland since July 2021. The the dock of this vessel is the […]
Addis Ababa, September 11, 2022 (FBC) Ethiopian Airlines, one of the world’s leading airlines, stroke a deal with the Zimbabwe Tourism Authority (ZTA) and became strategic alliance of the Authority for its Sanganai/Hlanganani World Tourism Expo. The Airline became the official carrier for ZTA’s international buyers and journalists who will […]
Addis Ababa, August 30, 2022 (FBC) – A kilogram of Ethiopia’s finest coffee has sold for a staggering 884 USD at auction. The winning coffees of the third Ethiopian Cup of Excellence competition on Saturday went under the hammer in the Alliance for Coffee Excellence auction this week. The coffee […]
Addis Ababa, August 29, 2022 (FBC) – Safaricom Ethiopia has today begun a large-scale customer pilot of its network in Dire Dawa City. This is part of the company’s phased city-by-city regional network roll-out and service tests building towards its national launch. The customer pilot in Dire Dawa will be […]
Addis Ababa, August 26, 2022 (FBC) – The Ministry of Mines and Petroleum received the first gas reserves certificate as a study to verify extent of oil and natural gas reserves in Ethiopia completed. Minister of Mines and Petroleum, Takele Uma received the certificate from the American company Netherland, Sewell […]
Addis Ababa, August 26, 2022 (FBC) – Ethiopia is aiming to export fruits including bananas, avocados and mangoes as well as meat products to China, according to Ethiopia’s ambassador to China, Teshome Toga. He said Ethiopia had benefited from Chinese investment as a result of being part of the country’s […]
Addis Ababa, August 25, 2022 (FBC) – In a press conference, CEO of Industrial Parks Development Corporation, Sandokan Debebe stated that the institution earned more than 1.2 billion birr during the past Ethiopian fiscal year. The corporation has withstood various challenges through implementation of effective institutional reform tools to achieve […]
Addis Ababa, August 25, 2022 (FBC) – Ethio-Djibouti Railway (EDR) disclosed that its cargo transport service enabled Ethiopia to save a 2.4 billion Birr logistics expenditure during the concluded fiscal year. Ethio-Djibouti Railway Share Company CEO Abdi Zenebe told ENA that the train cargo and passengers transportation services being provided […]
Addis Ababa, August 20, 2022 (FBC) – The automotive assembly plant, built by EL Auto Engineering and Trading PLC, with more than 700 million ETB, has been inaugurated at the Dire-Dawa Free Trade Zone. “Similar projects should be strengthened in other parts of the country as part of the journey […]