Addis Ababa, March 9, 2022 (FBC) – Ethiopian Airlines signed a strategic partnership agreement to jointly commence “SAM” (Sea-Air-Modal) transportation with International Djibouti Industrial Park Operation (IDIPO) and Air Djibouti for an expeditious transportation of goods to Africa. Based on the agreement, the cargo will be transported from China to […]
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The Memorandum of Understanding to order the 777-8 Freighter will enable Ethiopian Airlines to meet expanding global cargo demand from its hub in Addis Ababa and position the carrier for long-term sustainable growth. “Consistent with our history of aviation technology leadership in Africa, we are pleased to sign this MoU […]
Addis Ababa, March 4, 2022 (FBC) – An Indian delegation representing 47 pharmaceutical companies is in Ethiopia to assess investment opportunities in the country. Delegation head Deepti Pant told journalists today that the companies represent businesses in the health sector, ranging from medical devices, lab equipment, to manufacturing. Hospital and […]
Addis Ababa, March 2, 2022 (FBC) – High level Government officials briefed investors and company representatives from various corners of the world on flourishing opportunities in the investment, trade and tourism sectors in Ethiopia on the margins of Expo 2020 Dubai. The briefing made by Ethiopian officials was focused on […]
Foreign Direct Investment (FDI) flow in Ethiopia has increased by 23 percent over the last six months of the budget year, Prime Minister Abiy Ahmed said. Addressing queries from members of the House of Peoples’ Representatives today, the premier said despite several challenges, the nation attracted additional 1.63 billion USD in […]
Addis Ababa, February 19, 2022 (FBC) – A delegation led by the Executive Director of the Ethiopian Horticulture Producers and Exporters Associations made a three-day-long working visit to Djibouti from February 16-18, 2022. During the visit, the delegation conferred with Ethiopian Ambassador to Djibouti, Berhanu Tsegaye, Secretary-General of the Ministry […]
Addis Ababa, February 17, 2022 (FBC) – Ethiopia has earned 658.1 million USD from coffee, tea and spices export, exceeding the planned 461.81 million USD during the past seven months of the Ethiopian budget year. Ethiopian Coffee and Tea Authority said it planned to export 451.321.73 tons of coffee, tea […]
Addis Ababa, February 15, 2022 (FBC) – The Ministry of Trade stated that the efforts underway to substitute import products with locally produced items is bearing fruits. The Ministry said Ethiopia has now been producing military uniforms and shoes locally, and has managed to save foreign currency thereby reduce the […]
Addis Ababa, January 28, 2022 (FBC) – Two Italian companies; Rimorchiatori Riunti Group and GE car Group have expressed interest to conduct a pre-investment visit to Ethiopia in order to explore opportunities in the country. The companies have shown interest to invest in Ethiopia in areas of logistics, transport and […]
Africa largest airline may order five Boeing 777 freighters Ethiopian looking to capitalize on pandemic e-commerce boom Addis Ababa, January 24, 2022 (FBC) – Ethiopian Airlines Group will ramp up investment in cargo services and infrastructure and is looking to become a logistics hub for Africa’s growing e-commerce market. The continent’s […]
China becomes among top importers Addis Ababa, January 20, 2021 (FBC) – Ethiopian Coffee and Tea Authority announced that 578 million USD has been obtained in the past six months from exporting coffee and China has become among top Ethiopia’s coffee importers for the first time. As to the information […]
Deputy Mayor of Addis Ababa, Jantirar Abay has launched #BuyEthiopian Exhibition and Bazaar at Mechare Meda open space in the capital. The exhibition has been organized by Jobs, Enterprises and Industry Development Bureau in partnership with several enterprises operating in the country. The Exhibition and Bazaar which is intended to […]