Addis Ababa, August 25, 2024 (FBC) – A new Ethiopian Export Trade Permanent Exhibition Center was officially inaugurated today along with the start of a five-day trade week aimed at promoting the country’s products and services. High-level government officials, including head of the Democratic System Building Coordination Center with the […]
Yearly Archives: 2024
362 posts
Addis Ababa, August 25, 2024 (FBC) – Import substitution has registered remarkable results in the concluded Ethiopian fiscal year, Industry Minister Melaku Alebel remarked. Discussion is underway on the annual performance review of Industry Ministry and plan for 2024/25 (2017 E.C) fiscal year in Hawassa. Speaking on the occasion, the […]
Lofty expectations for a surge in exports following the liberalization of the foreign exchange market are unlikely to prove true in the short run, according to a study published by experts at the Ethiopian Economics Association. The depreciation of the Birr following the forex reforms is theoretically expected to result […]
AliExpress, the e-commerce subsidiary of Chinese Alibaba, has partnered with a domestic firm as it prepares to launch an e-commerce platform in Ethiopia. The Chinese retail giant signed a deal with MKTY IT Services Plc during a ceremony at the Skylight Hotel on August 22, 2024. Chinese diplomats and senior […]
Officials are working on a strategy that would see batteries for electric vehicles (EVs) manufactured locally as the administration of Prime Minister Abiy Ahmed (PhD) doubles down on its policy to transition from combustion engines amid rising fuel import costs and climate concerns. A member of the technical committee charged […]
Officials at the ministries of Industry and Finance, as well as central bank regulators, are mulling over ‘transitional period interventions’ in a bid to ease the burdens weighing on manufacturing industries following the liberalization of the forex market. The intervention proposal expected to be tabled to the national steering committee […]
Addis Ababa, August 23, 2024 (FBC) – Ethiopia’s State Minister for Foreign Affairs, Ambassador Mesganu Arga held discussions with Executive vice president and Chief Operating Officer of Toppan Holdings Inc. on ways of expanding TOPPAN investment in Ethiopia. Prior to the 9th edition of Tokyo International Conference on African Development […]
Addis Ababa, August 21, 2024 (FBC) – An International Tourism, Culture, and Trade Show aims to promote Ethiopian agricultural products will be held in Abu Dhabi from November 1 to 3, 2024, organizers announced yesterday. Gold Land Trading will organize the Tourism, Culture, and Trade Show, in partnership with the […]
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 […]
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 […]