The directive issued in March by the Ethiopian Investment Board — chaired by Prime Minister Abiy Ahmed (PhD) — that opens up the export, import, wholesale and retail trade, which hitherto had been the exclusive preserve of domestic investors, to overseas investors subject to certain conditions has drawn mixed reactions. […]
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Addis Ababa, April 18, 2024 (FBC) – Ethiopian Investment Commission and Trade and Regional Integration Ministry, in a joint statement, disclosed that the nation is set to open key commercial sectors that were restricted to only local investors to foreigners. The federal institutions announced that Ethiopia will open the import-export, […]
Addis Ababa, April 16, 2024 9FBC) – The recent Ethiopia-Japan Trade and Investment Seminar served as a platform to bolster the longstanding economic relations between the two nations, according to the Minister of State at the Ministry of Foreign Affairs of Ethiopia, Ambassador Mesganu Arga. He emphasized that the seminar […]
Addis Ababa, April 15, 2024 (FBC) – Ethio Telecom has launched a new feature on its telebirr SuperApp known as telebirr Engage, where customers can transact, socialize, and share via text, images, QR codes, audio, and video within a unified platform. “With this feature, our customers can easily exchange information, enrich their […]
Addis Ababa, April 12, 2024 (FBC) – China’s Xin Printing Technology expressed its strong desire to start its venture in Ethiopia. The company’s desire was disclosed during a meeting between Deputy Commissioner of Ethiopian Investment Commission, Mr. Dagato Kumbe and representatives from Xin Co. Ltd., the foremost printing technology company […]
Addis Ababa, April 12, 2024 (FBC) – Deputy Head of Mission of the Embassy of Ethiopia in Beijing, Ambassador Kedir Dewano, held a meeting with a delegation of China-Africa Economic and Trade Working Committee led by Huang Zinan as the two sides explored ways to enhance cooperation in various areas […]
Addis Ababa, April 12, 2024 (FBC) – Guangzhou Automobile Corporation (GAC), one of the largest electric vehicle producers, signed MoU agreement with Huajian Group, a Chinese company operating in Ethiopia. Zeleke Temesgen (PhD), Deputy Commissioner of Ethiopian Investment Commission, Ethiopian Ambassador to China, Tefera Derbew, Vice Mayor of Guangzhou, Tan […]
Addis Ababa, April 11, 2024 (FBC) – The Ministry of Trade and Regional Integration of Ethiopia (MoTRI) has disclosed a significant milestone in export revenue generation, announcing that a total of 617 million US dollars has been accrued from export products within the first 8 months of the current fiscal […]
Addis Ababa, April 11, 2024 (FBC) – Merchants’ Chamber of Commerce and Industry (MCCI) organised a Special Session with Ambassador of Ethiopia to India, Demeke Atnafu Ambulo, on ‘India-Ethiopia Bilateral Ties and Trade’ today at MCCI Conference Hall. While welcoming the guests, Mr. Rishabh C. Kothari, Immediate Past President, MCCI […]
Addis Ababa, April 10, 2024 (FBC) – The government is increasingly seeking to broaden startup ecosystems and encourage innovation in Ethiopia, State Minister of Finance Eyob Tekalign said. “Startup Ethiopia Exhibition” was launched today at the Science Museum in the presence of high-level government officials including Labor and Skill Minister […]
In a groundbreaking move to spur the growth of startups, the government introduced a set of innovative incentives. Speaking at the Adwa Memorial on Thursday, April 4, Prime Minister Abiy highlighted the government’s commitment to fostering an environment conducive to the development of startups. Recognizing the unique needs of startups […]
Ethiopia is taking significant strides in transforming its payment landscape by integrating a comprehensive digital payment system. This strategic shift aims at fostering a more inclusive and efficient economic growth, marking a pivotal moment in the country’s journey towards a digital economy. Solomon Damtew, the Director of the Payment and […]