The Minister of Industry, Melaku Alebel participated in the 17th annual Indian Industries-EXIM Bank Conclave on India-Africa Growth Partnership which kicks-off today in New Delhi, India. The Minister, in addressing the Special Ministerial Session commended the commitment of the Indian Government to support Africa to create a unified and intertwined […]
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Addis Ababa, July 18, 2022 (FBC) – Former Ethiopian Airlines chief executive Tewolde GebreMariam has been recognised at this year’s Airline Strategy Awards on 17 July. The awards recognise individuals, airlines and companies supporting air transport that have demonstrated dynamic leadership and clear vision. Tewolde Gebremariam received the prestigious Airline Business Award […]
Addis Ababa, July 18, 2022 (FBC) – The Ethiopian Electric Power has announced that it was able to generate more than 15,400 GWh of energy in the already concluded Ethiopian fiscal year. The performance has shown a decrease by 300GWh compared to the same period of the last fiscal year. […]
Ethiopia has obtained a record-hit 1.4 billion USD from coffee export during the country’s 2021/22 fiscal year that was concluded on the 7th of July. The country has set an unprecedented record in terms of volume and revenue since it started exporting coffee to the world market, according to Ethiopian […]
July 14, 2022Ethiopia and Djibouti have signed a Memorandum of Understanding (MoU) on the utilization of the livestock terminal at Djibouti’s Doraleh Multi-Purpose Port. Minister of Agriculture Oumer Hussien and Minister of Agriculture, Water, Fisheries, Livestock, and Marine Resources of of Djibouti, Mohammed Ahmed Awaleh signed the MoU on Tuesday […]
A delegation led by Ethiopian Minister of Finance, Ahmed Shide, paid an official visit to Djibouti. During the occasion, the delegation met with President Ismail Omar Guelleh and conveyed a message from Prime Minister Abiy Ahmed, according to Ministry of Foreign Affairs. Recalling that the two friendly countries have jointly invested […]
Impack Corporation is envisaging to increasing the volume of its rose flower imports from Ethiopia by five-fold, from its current annual imports of two million stems of rose flowers, According to Ethiopian Embassy in Tokyo. Ethiopia’s Ambassador to Japan, Tefera Derbew has paid field visit to Impack corporation’s rose flowers […]
Foreign Direct Investment (FDI) to Ethiopia has shown improvement after a brief decline due to COVID-19 and security concerns, according to Ethiopian Investment Commission (EIC). Ethiopia attracted three billion USD in Foreign Direct Investment (FDI) in the just ended Ethiopian fiscal year. EIC Foreign Direct Investment and Promotion Director, Aschalew […]
Ethiopia has finalized preparations to open its first Free Trade Zone in Dire Dawa next month, Ministry of Transport and Logistics disclosed. A panel discussion about the Free Trade Zone (FTZ) to be established in Dire Dawa was held today. In her opening remark, Transport and Logistics Minister Dagmawit Moges […]
Ethio-Djibouti Standard Gauge Railways S.C has set to streamline Ethiopian Export products and boost Profitability, according to Ethiopian Embassy in Djibouti. A delegation led by, CEO of Ethio-Djibouti Standard Gauge Railways S.C Abdi Zenebe, visited Djibouti and held discussion with a diplomat at the Ethiopian Embassy to discuss ways to […]
According to the United Nations Conference on Trade and Development (UNCTAD) latest world investment report, Ethiopia ranks among the top 5 Foreign Direct Investment (FDI) destinations in Africa in 2021 with 4.3 billion $. “This represents 79pct increase from 2020 and corresponds to almost half of all FDIs to East […]
Addis Ababa, June 16, 2022 (FBC) – Ethiopia has earned 1.2 billion U.S. dollars from coffee export during the first 11 months of the current 2021/2022 fiscal Year. Shafi Oumer, Deputy Director General of Ethiopian Coffee and Tea Authority, said the government is working to further boost coffee export revenue, […]