Addis Ababa, August 21, 2024 (FBC) – Ethiopian Electric Power (EEP) has announced that it is planning to earn over 300 million US dollars by expanding access to the sale of power to other countries in the current fiscal year. In the last financial year, 20, 522 gigawatt hours of […]
Monthly Archives: August 2024
60 posts
Addis Ababa, August 20, 2024 (FBC) – Ethiopia’s Ministry of Trade and Regional Integration (MoTRI) announced that it is set to inaugurate a Permanent Export Trade Exhibition Center inside its premises in the coming Sunday. Briefing the media today, Trade and Regional Integration Minister Kassahun Gofe disclosed that the ministry […]
Here are AFRICA’s top investment destinations in 2024, according to new report. (See top 20 destinations below). Seychelles and Mauritius topped a ranking of African investment destinations, as the attractiveness of South Africa deteriorated because of the nation’s weak economic indicators, according to #RandMerchantBank. The two Indian Ocean island nations […]
Addis Ababa, August 20, 2024 (FBC) – Ethiopia’s Ministry of Trade and Regional Integration (MoTRI) announced that it is set to inaugurate a Permanent Export Trade Exhibition Center inside its premises in the coming Sunday. Briefing the media today, Trade and Regional Integration Minister Kassahun Gofe disclosed that the ministry […]
Addis Ababa, August 19, 2024 (FBC) – The Embassy of India in Addis Ababa in partnership with the Ministry of Agriculture of Ethiopia unveiled a report on market study on Export Opportunities for Oil Seeds, Pulses, Cotton, Gemstones and Coffee from Ethiopia to India. The report on the market study […]
Addis Ababa, August 19, 2024 (FBC) – The National Bank of Ethiopia’s foreign exchange (FX) administration reform, implemented as part of the broader macroeconomic reforms, has significantly catalyzed the growth of financial institutions, Bank officials remarked. Banking industry officials asserted that the government’s macroeconomic reforms will significantly contribute to the […]
Addis Ababa, August 19, 2024 (FBC) – In its strong aspiration to go beyond basic connectivity services, Ethio telecom launched new international digital money transfer services in collaboration with VISA Company, world leader in digital payment technology, today. Ethio telecom CEO, Ms. Frehiwot Tamru, and VISA Company Country Manager Yared […]
Addis Ababa, August 18, 2024 (FBC) – In addition to promoting economic stability and fostering growth, the recent macroeconomic reforms are poised to significantly address the challenges faced by the private sector, as reported by the Addis Ababa Chamber of Commerce and Sectoral Association (AACCSA). AACCSA hosted a half-day discussion […]
Ethiopia registered more than USD 825 million in investment capital related to the granting of a concession for investors in an unnamed natural gas venture last fiscal year, according to a Ministry of Mines report obtained by The Reporter. “During the year, one petroleum development license and one petroleum exploration […]
Addis Ababa, August 17, 2024 (FBC) – Equb Financial Technologies has signed a partnership agreement with Awash Bank S.C. to promote digital saving services in Ethiopia. Equb Financial Technologies is an Ethiopian startup which has digitized the country’s age-long traditional saving method (Equb) into a digital saving system. The signing […]
Addis Ababa, August 17, 2024 (FBC) – Ethiopia’s macroeconomic reform policy is a very positive move in strengthening the whole economic environment and building the confidence of investors, according to the United Nations Conference on Trade and Development (UNCTAD). UNCTAD Regional Office for Africa Chief Diane Sayinzoga hailed Ethiopia for […]
Addis Ababa, August 17, 2024 (FBC) – The recent macroeconomic reform will significantly enhance the competitiveness of export and the growth of the horticultural industry, according to producer exporters of cut flowers, vegetables, and fruits. The horticulture produce exporters stated that the macroeconomic reform will boost export earnings and competitiveness. […]