Addis Ababa, October 18, 2022 (FBC) – Africa Bamboo PLC is going to setup a factory at Hawassa Industrial Park, according to Ethiopian Industrial Parks Development Corporation (IPDC). CEO of IPDC, Sandokan Debebe said in a tweet that the Africa Bamboo PLC will manufacture wall cladding and indoor flooring from […]
AB Int
968 posts
Addis Ababa, October 14, 2022 (FBC) – A.P. Møller – Mærsk and its Ethiopian partner, Freights International (PABOMI), announced the opening of a consolidation center at Modjo Dry Port in Ethiopia. According to the Danish carrier, the new multi-purpose facility is expected to help to simplify and optimize apparel and […]
Addis Ababa, October 10, 2022 (FBC) – Ethiopian Electric Power announced that it has earned more than 13 million USD from electric power export to Sudan and Djibouti in the last 2 months. According to Sales and Customer Manager of EEP’s Marketing & Business Development Department, Minilik Getahun, EEP exported […]
Addis Ababa, October 6, 2022 (FBC) – Safaricom Ethiopia has today switched on its mobile telecommunications network and services in Addis Ababa. Safaricom Ethiopia is also holding a ceremony today to mark its national launch. The Ethiopian government launched Digital Ethiopia 2025 to help the country realise its digital potential […]
Addis Ababa, October 6, 2022 (FBC) – Ethiopian Electric Power (EEP) has announced that it has collected more than 2.7 billion Birr from local power supply and Optical Ground Wire (OPGW) rental only in the last two months. According to Mnilik Getahun, Sales and Customer Management Manager at EEP’s Department of Marketing […]
Addis Ababa, October 5, 2022 (FBC) – Ethiopian Investment Holdings has reached an agreement with Africa’s leading global logistics gateway, Tanger Med Special Agency (TMSA), to renovate the Qality inland port and upgrade it into logistics center. Last week, a delegation led by Ethiopia Investment Holdings CEO, Mamo Mehretu, and […]
Addis Ababa, October 5, 2022 (FBC) – Kanoria Africa Textile PLC is the first fully integrated textile factory that uses Ethiopian cotton to produce Denim fabric and jeans garments. Established in 2015 on 15.3 hectares of land, having a zero liquid discharge treatment plant, the company also created over 1230 […]
Addis Ababa, October 3, 2022 (FBC) – The Istanbul Free Industry and Trade Zone has expressed interest to collaborate with its counterpart in Ethiopia, Dire Dawa Free Trade Zone. An Ethiopian delegation comprising leadership and experts of several public institutions has visited the Istanbul Free Industrial and Trade Zone in […]
Addis Ababa, October 4, 2022 (FBC) – The Commercial Bank of Ethiopia (CBE) ranks first among all East African banks with a total asset of 22 billion USD, and it has almost double the assets of Kenyas’s Equity Bank Group, according to the data published by African Business. CBE also […]
Addis Ababa, September 29, 2022 (FBC) – PCE Venture Manufacturing has inaugurated a 1 billion USD leather factory in Addis Industrial Park in the presence of senior government officials including the Industry Minister Melaku Alebel. PCE Venture Manufacturing has previously created employment opportunities to more than 180 young men and […]
Addis Ababa, September 29, 2022 (FBC) – Ethiopian Investment Holdings (EIH) and Tanger Med Special Agency (TMSA) signed a Memorandum of Understanding on areas of cooperation and investment in logistics. The MoU includes the execution of feasibility by TMSA and Ethiopian Shipping and Logistics Services Enterprise (ESLSE) to partner investing, upgrade facilities […]
Addis Ababa, September 26, 2022 (FBC) – Ethiotelecom has introduced a new three-year growth strategy called “LEAD”. The company’s CEO Frehiwot Tamru, highlighted the implementation of BRIDGE strategy in the last three fiscal years and introduced the new strategy named LEAD. In the last 3 years, BRIDGE has laid a […]