Addis Ababa, January 25, 2024 (FBC) – Ethiopian Airlines and Safaricom Ethiopia today joined forces to launch of M-PESA Wallet as a payment option. Ethiopian Holiday (ET-Holiday) Vice President Hailemelekot Mamo and Safaricom Ethiopia Chief Financial Services Officer, Paul Kavavu announced the launching. The M-PESA Wallet is an online mobile […]
Monthly Archives: January 2024
20 posts
Addis Ababa, January 24, 2024 (FBC) – In the first half of the current Ethiopian fiscal year, Ethiopian Electric Power (EEP) revealed that it has amassed a sum of 12 billion 848 million 139 thousand 990 birr through electric power sales to domestic customers and the neighboring. The plan was […]
Addis Ababa, January 23, 2024 (FBC) – The Ministry of Foreign Affairs said Ethiopia has been playing a major role in realizing trade ties by playing a leading role in the implementation of agreements like the African Continental Free Trade Area (AfCFTA) agreement, among others, African Affairs Director-General Fisseha Shawel […]
Addis Ababa, January 23, 2024 (FBC) – The Ethiopian Ministry of Trade and Regional Integration (MoTRI) today confirmed that 14.19 million USD was obtained from the export of soybean by-products during the last six months of the current Ethiopian fiscal year. According to the Ministry, the envisaged revenue from the […]
Addis Ababa, January 23, 2024 (FBC) – Minister of State for Political and Economic Diplomacy at the Ministry of Foreign Affairs, Ambassador Mesganu Arga, earlier today met with a Chinese business delegation led by the Vice Chairman of the Department of International Relations of the China Council for the Promotion […]
Addis Ababa, January 18, 2024 (FBC) – An Indian based Nirvana processing Company is finalizing preparations to commence the Agro food processing at Bahir Dar Industrial park in Ethiopia with an investment capital of 5 million USD. The government of Ethiopia has been encouraging both domestic and foreign investors to […]
Addis Ababa, January 18, 2024 (FBC) – The Ethio-Djibouti Railway Board and Shareholders convened in the city of Djibouti today to discuss the comprehensive Six-year Report and approve the 2024 Budget Plan. The objective of the meeting, according to the Ethiopian Embassy in Djibouti, was to promote regional integration and […]
Addis Ababa, January 17, 2024 (FBC) – The National Bank of Ethiopia (NBE) today disclosed that it has launched the design and implementation of the Central Securities Depository (CSD) Project in partnership with Montran, a U.S. based technology solution provider. The CSD is a critical market infrastructure that will enable […]
Addis Ababa, January 17, 2023 (FBC) – Ethiopian Embassy in Beijing held discussion with China Africa Economic and Trade working Committee which is arranging pre-investment tour for several Chinese companies that have shown interest to utilize investment opportunities in Ethiopia. A delegation to make a pre-investment visit to Ethiopia includes […]
Addis Ababa, January 17, 2024 (FBC) – An German company called HPC, which is based in America, expressed interest to invest in Ethiopian industrial parks. HPC is engaged in data center construction and related ICT sectors. Industrial Parks Development Corporation’s Investment, Promotion and marketing Division Deputy CEO, Zemen Junedin, received […]
Addis Ababa, January 16, 2024 (FBC) – Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in partnership with the German Agency for International Cooperation (GIZ) has unveiled a project tailored to capacitate some 1,000 private companies in the manufacturing industry. The beneficiary companies are operating in Oromia, Amhara and Sidama […]
Addis Ababa, January 11, 2024 (FBC) – Industrial Parks Development Corporation (IPDC), has signed agreement with 11 local and foreign companies which have shown interest to invest in industrial parks across Ethiopia. CEO of the IPDC, Aklilu Tadesse, has signed the agreement with representatives of the respected companies. According to […]