Addis Ababa October 31, 2023 (FBC) – The Ethiopian Coffee and Tea Authority (ECTA) has pocketed more than 356 million dollars from export of coffee, tea and spice products in the first quarter of the current fiscal year. Coffee, tea and spices are among the agricultural export products that Ethiopia […]
Yearly Archives: 2023
256 posts
Addis Ababa, October 30, 2023 (FBC) – Ethiopia substituted import products worth 350 million USD in the first quarter of the current fiscal year, Industry Minister Melaku Alebel said. A half-day consultative discussion with stakeholders on the national import substitution strategy is being undertaken in the capital, Addis Ababa, today. […]
Addis Ababa, October 29, 2023 (FBC) – Ethio Telecom stated that it is working with Information Network Security Agency(INSA) to protect the digital banking spaces from cyber-attack amid the rapid rise in transaction and subscription. The state-owned telecom service provider has been transacting over 1.3 trillion Birr over the last […]
Addis Ababa, October 28, 2023 (FBC) – Jemal Beker Abdula, Ambassador Extraordinary and Plenipotentiary of Ethiopia, has visited the Islamabad Chamber of Commerce and Industry (ICCI), and highlighted untapped business, trade and investment opportunities in Ethiopia and Africa as well. Addressing the gathering of businessmen, Ambassador Jemal underscored the importance […]
Addis Ababa, October 28, 2023 (FBC) – The Commercial Bank of Ethiopia (CBE) today confirmed that its digital financial transaction has surpassed the 1.3 trillion Birr mark in the first quarter of the current Ethiopian financial year. The Bank is reviewing the 2016 E.C (2023/24) fiscal year first quarter performance. […]
Addis Ababa, October 24, 2023 (FBC) – Suhail Industrial Holding Group, Qatar’s corporation of companies specializing in the recycling, production, and export of processed non-ferrous metals and plastics, has confirmed that it is looking to expand its investment engagement in Ethiopia. The Group’s interest was expressed during the meeting between […]
Addis Ababa, October 20, 2023 (FBC) – Ethiopia’s economic growth is holding relatively well unlike the lingering global growth due to multiple shocks, the International Monetary Fund (IMF) said. The NBE hosted today the IMF research team that prepared this year’s World Economic Outlook. The WEO report finds that while […]
Addis Ababa, October 20, 2023 (FBC) – HBM Group is going to build the the first company in Africa that will produce one million syringes per day in Kilinto Industrial Park in Ethiopia. HBM Group, a pharmaceutical company, has informed the Ethiopia’s Industrial parks Development Corporation (IPDC) that it has […]
Addis Ababa, October 20, 2023 (FBC) – Ethiopia’s Consul General in Bahrain, Ambassador Shiferaw Geneti, met with Bahrain’s Minister of Agriculture and Municipality, Wael Bin Nasser Al Mubarek, and Undersecretary for Animal Wealth Resources, Dr. Khalid Ahmed Hassan. In their meeting, the two sides discussed the possibility of exporting Ethiopian […]
Addis Ababa, October 19, 2023 (FBC) – Ethiopia-China Investment Forum held in Shanghai City in participation of more than 300 Chinese companies. During the Forum, Ministers of the Ministries of Finance and Mines Ahmed Shide and Habtamu Tegegn as well as the Investment Commissioner Lelise Neme briefed the company representatives […]
Addis Ababa, October 17, 2023 (FBC) – An Ethiopian delegation led by the Industry Minister, Melaku Alebel is participating in the World Food Forum and the Hand in Hand Investment Forum in Rome, Italy. During concurrent sessions, the delegates briefed participants on Ethiopia’s investment potential and opportunities in the agriculture […]
Addis Ababa, October 17, 2023 (FBC) – Ethiopian Investment Commission (EIC) signed a Memorandum of Understanding with pharmaceutical (2) and agro-processing (1) enterprises from China, the Chief Commissioner of EIC, Lelise Neme, confirmed in a post published on her social media page. Three of the firms that inked the MoU […]