Addis Ababa, April 15, 2024 (FBC) – Ethio Telecom has launched a new feature on its telebirr SuperApp known as telebirr Engage, where customers can transact, socialize, and share via text, images, QR codes, audio, and video within a unified platform. “With this feature, our customers can easily exchange information, enrich their […]
Yearly Archives: 2024
362 posts
Addis Ababa, April 12, 2024 (FBC) – China’s Xin Printing Technology expressed its strong desire to start its venture in Ethiopia. The company’s desire was disclosed during a meeting between Deputy Commissioner of Ethiopian Investment Commission, Mr. Dagato Kumbe and representatives from Xin Co. Ltd., the foremost printing technology company […]
Addis Ababa, April 12, 2024 (FBC) – Deputy Head of Mission of the Embassy of Ethiopia in Beijing, Ambassador Kedir Dewano, held a meeting with a delegation of China-Africa Economic and Trade Working Committee led by Huang Zinan as the two sides explored ways to enhance cooperation in various areas […]
Addis Ababa, April 12, 2024 (FBC) – Guangzhou Automobile Corporation (GAC), one of the largest electric vehicle producers, signed MoU agreement with Huajian Group, a Chinese company operating in Ethiopia. Zeleke Temesgen (PhD), Deputy Commissioner of Ethiopian Investment Commission, Ethiopian Ambassador to China, Tefera Derbew, Vice Mayor of Guangzhou, Tan […]
Addis Ababa, April 11, 2024 (FBC) – The Ministry of Trade and Regional Integration of Ethiopia (MoTRI) has disclosed a significant milestone in export revenue generation, announcing that a total of 617 million US dollars has been accrued from export products within the first 8 months of the current fiscal […]
Addis Ababa, April 11, 2024 (FBC) – Merchants’ Chamber of Commerce and Industry (MCCI) organised a Special Session with Ambassador of Ethiopia to India, Demeke Atnafu Ambulo, on ‘India-Ethiopia Bilateral Ties and Trade’ today at MCCI Conference Hall. While welcoming the guests, Mr. Rishabh C. Kothari, Immediate Past President, MCCI […]
Addis Ababa, April 10, 2024 (FBC) – The government is increasingly seeking to broaden startup ecosystems and encourage innovation in Ethiopia, State Minister of Finance Eyob Tekalign said. “Startup Ethiopia Exhibition” was launched today at the Science Museum in the presence of high-level government officials including Labor and Skill Minister […]
In a groundbreaking move to spur the growth of startups, the government introduced a set of innovative incentives. Speaking at the Adwa Memorial on Thursday, April 4, Prime Minister Abiy highlighted the government’s commitment to fostering an environment conducive to the development of startups. Recognizing the unique needs of startups […]
Ethiopia is taking significant strides in transforming its payment landscape by integrating a comprehensive digital payment system. This strategic shift aims at fostering a more inclusive and efficient economic growth, marking a pivotal moment in the country’s journey towards a digital economy. Solomon Damtew, the Director of the Payment and […]
Car prices be 54% cheaper if dealers acquired 100% of the forex Ethiopia’s economic landscape has been facing a multitude of challenges in recent years, and one of the key issues highlighted in the latest edition of The Blue Book, an annual economic publication by First Consult, is the prevalence […]
A directive that requires excise tax collectors to stamp their merchandise is drafted by the Ministry of Finance (MoF). Additionally, the directive enforces that importers or producers create a system that interfaces with the tax office. The excise tax proclamation 1186/2020 is the basis for its drafting, according to the […]
Regulators are readying to embark on a study on the use of a Central Bank Digital Currency (CBDC) as part of the Homegrown Economic Reform Agenda. The National Bank of Ethiopia (NBE) is set to initiate the study in June under instructions from the macroeconomic team led by Girma Birru, […]