Companies must have 500mln in capital, at least 300 shareholders Companies looking for a listing on the main board of the upcoming Ethiopian Securities Exchange (ESX) are required to hold at least half a billion birr in capital, according to a newly-published rulebook. The draft prepared by legal experts at […]
Yearly Archives: 2024
362 posts
The consequences of inaccurate inflation forecasts shape monetary policy decisions that affect millions. The misjudgment of inflation’s trajectory can influence interest rates, employment, and household spending power. Underestimating the Great Inflation revealed the real-world implications of such forecasting errors, calling for models that mirror the complexity of human economic behaviour, […]
Addis Ababa, April 5, 2024 (FBC) – Jemal Beker Abdula, Ambassador of Ethiopia to Pakistan, on Thursday announced to mobilize another trade delegation of Pakistani businessmen to Ethiopia next month for further strengthening business, trade and commercial connections between the two countries. Addressing the business community at Federation of Pakistan […]
ESX unveils stringent listing requirements Addis Ababa, April 4, 2024 (FBC) – The Ethiopian Securities Exchange (ESX) today confirmed that it has concluded its share offering upon amassing 1.5 billion birr in subscribed capital from numerous investors, encompassing three foreign entities. The Trade and Development Bank Group (TDB), the financial […]
Addis Ababa, April 4, 2024 (FBC) – The Ethio Engineering Group (EEG) and the New Holland signed agreement today for the supply of semi-finished parts to assemble 500 tractors and 50 combine harvesters. Ethio Engineering Group CEO Suleiman Dedefo and New Holland Middle East and Africa Business Director Ozkan Eren […]
Addis Ababa, April 2, 2024 (FBC) – The Industrial Parks Development Corporation (IPDC) indicated that the China Energy Engineering Corporation (CEEC) has expressed a keen interest in undertaking the construction of new industrial parks and pursuing various investment opportunities in Ethiopia. IPDC’s Chief Executive Officer, Aklilu Tadesse, convened a meeting […]
Addis Ababa, April 2, 2024 (FBC) – World Bank Vice President for Ethics and Internal Justice Services, Lisa Rosen, and Ethiopian Industry Minister Melaku Alebel inspected small and medium manufacturing industries supported by the Bank. Mr. Melaku highlighted that the purpose of the visit was to assess the effectiveness of […]
Addis Ababa, April 1, 2024 (FBC) – Jobs created for young citizens, especially young women, by industrial parks are encouraging, according to United Nations Development Coordination Office for Africa Director Yacoub Al Hillo. After visiting the Bole Lemi Industrial Park, the director said he was impressed by the investment activities […]
Addis Ababa, March 31, 2024 (FBC) – The World Bank (WB) will continue supporting the National Financial Inclusion Strategy of Ethiopia, which is critical for the growth and prosperity of the country, Bank Senior Economist Michael O’Sullivan said. The National Financial Inclusion Strategy 2021-2025 was revised in close collaboration with […]
Officials at the Ministry of Agriculture have finally received the go-ahead to use a portion of the federal fertilizer subsidy budget to lower costs for lime needed to remedy acidic soil threatening farm productivity in many parts of the country. Lime (calcium carbonate) is used to neutralize acidic reactions and […]
The repayment of foreign debt by state-owned enterprises such as the Ethiopian Electric Power (EEP) and the Public Enterprise Holding and Administration (PEHA) is dragging far behind schedule as the federal government continues to grapple with the country’s crippling forex drought. Public enterprises under PEHA planned to service at least […]
In the banking industry, an indefensible gender imbalance persists at the leadership level. Among the country’s 28 commercial banks, only Melika Bedri, president of ZamZam Bank, holds a position at the apex, making her a rare example in an industry where only four women have historically ascended to such heights. […]