Addis Ababa, March 14, 2021 (FBC) –Ethiopian industrial parks have so far generated more than $610 million from export of various products, according to the Ethiopian Industrial Parks Development Corporation. The 13 industrial parks exported apparels and other products to the European, the United States and other global markets to […]
Team ABIC
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Addis Ababa, March 11, 2021 (FBC) -The Board of Directors of the African Development Bank (AfDB) has approved a grant of $2.33 million to EthSwitch Share Company, an initiative led by National Bank of Ethiopia, for the modernization of its payments infrastructure. The grant is resourced from the special fund […]
Addis Ababa, March 5, 2021 (FBC) – A private company named Omotic Association ltd announced preparation to build a lodge at Koysha attraction site at a cost of 114 Million Birr. Lodges and Hotels Department Head at Omotic Association ltd, Abdi said the lodge is to be constructed at 5 […]
Addis Ababa, February 2, 2021 (FBC) -Ethiopian Airlines (Ethiopian) is well positioned to emerge as African industry winner from the Covid-19 pandemic, says analysts. An associate director at Africa Matters in London, Indigo Ellis, says airlines with diverse revenue streams are in a stronger position. Ethiopian is strengthened by the […]
Addis Ababa, March 8, 2021 (FBC) –The Ministry of Mines and Petroleum has announced plans to generate over $17 billion from mining sector over the coming 10 years. The Ministry made the remark during a seven-month performance review meeting held recently. State Minister of Mines and Petroleum, Simegn Wube, said […]
Addis Ababa, March 2, 2021 (FBC) – The Embassy of Ethiopia in Rabat, Morocco held an Ethiopian Coffee Promotion and Traditional ceremony event recently. The event was organized to promote Ethiopian coffee in the Moroccan market that could result in increasing Ethiopian coffee export. The event also provided the opportunity […]
Addis Ababa, March 1, 2021(FBC) – An agreement was signed today between the Oromia Industrial Parks Development Corporation and Walabu Construction Share Company to construct agro-industrial park at a cost of 7.8 billion birr in Nekemte town, Oromia regional state. Oromia Industrial Parks Development Corporation Bureau Head, Sisay Gemechu and […]
Addis Ababa, February 23, 2021 (FBC) – Ethiopian embassy in Algiers has conducted trade, investment, and tourism promotion engagements in the commercial cities of Oran and Mustagan, in Algeria. Ambassador Extraordinary and Plenipotentiary of Ethiopia to Algeria, Nebiat Getachew held fruitful discussions with presidents of Chamber of Commerce and Industry […]
Addis Ababa, February 22, 2021 (FBC) –An Ethiopian delegation led by State Minister of Trade and Industry, Ambassador Mesganu Arga, is participating at the Gulfood, the world’s largest annual food and beverage trade exhibition. Ambassador Ambassador also officially opened the Ethiopian Pavilion at the five-day exhibition kicked off yesterday in […]
Addis Ababa, February 18, 2021 (FBC) – Ethio Telecom has launched its LTE Advanced 4G mobile network for the first time outside the capital Addis Ababa. The service was launched in Adama, Bishoftu, Dukem, Gelan, Modjo and Awash Melkasa towns. The launching event took place in the city of Adama, […]
Addis Ababa, February 17, 2021 (FBC) -Demeke Mekonnen, Deputy Prime Minister and Minister for Foreign Affairs of Ethiopia, took part at the Ethiopia-India business forum today. In his remark, Demeke noted the vibrant engagements of Indian companies in the economic life of Ethiopia serving as the main sources of FDI […]
Addis Ababa, February 16, 2021 (FBC) –State Minister of Finance, Dr. Eyob Tekalign, attended a virtual meeting held to promote Ethiopia’s investment opportunities to French companies. The meeting was held with MEDEF International, the biggest employers’ association in France, regrouping other major French companies some of which have investments in […]