Addis Ababa, July 7, 2023 (FBC) – Efforts are underway to develop Ethiopia’s financial market as the government prepares to launch its first-ever securities exchange in 2024. In light of this, representatives from the public and private sectors, potential investors, policymakers, and regulators are meeting in Addis Ababa for a […]
Events
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Following backlash from the Office of the Prime Minister, the Ministry of Labor and Skills has launched a national assessment before deciding on a minimum wage. The assessment will take three to four months to complete. While the Labor Proclamation mandated setting a minimum wage, the government has hesitated due […]
Addis Ababa, July 3, 2023 (FBC) – In its new report GSMA, a global organization that represents the interests of mobile network operators worldwide said that Mobile Money in Ethiopia could add $5.3 billion to the country’s GDP. The report says that Ethiopia’s Mobile money is advancing financial inclusion and driving […]
Financial transactions conducted through Commercial Bank of Ethiopia’s (CBE) digital channels have surpassed those via tellers, accounting for 64 percent of the total as of June 17, 2023. Until mid-June, the bank had successfully completed 750 million transactions. Of these, almost two-third were conducted through digital systems, highlighting the bank’s […]
Addis Ababa, June 27, 2023 (FBC) – Ethiopian Airlines Group has invested heavily on infrastructure, people and processes to enhance its special cargo and logistics handling capabilities throughout its network, the African Airlines Association (AFRAA) told the Ethiopian News Agency (ENA). AFRAA Secretary General, Abderahmane Berthe, appreciated the Ethiopian Airlines […]
Addis Ababa, June 23, 2023 (FBC) – Ethio-Engineering Group (EEG) and YTO CAMACO, a Chinese agricultural machinery manufacturer have signed an agreement to build a tractor manufacturing plant in Modjo town. Upon completion, the plant will be capable of producing 50 tractors a day and more than 10,000 tractors a […]
Addis Ababa, June 22, 2023 (FBC) – The Department of Industry and Investment of Debre-Berhan City Administration has announced that it has granted investment licenses to 260 investors that registered 38 billion birr capital in the current Ethiopian fiscal year. The head of the department, Berhan Gebre-Hiwot, told Fana Broadcasting […]
Addis Ababa, June 22, 2023 (FBC) – Belayneh Kinde Group electric vehicle assembly plant built in Debre Berhan city goes operational, the Group told FBC today. “The vehicle assembly plant has started assembling of electric passenger vehicles: minibus, mini coach bus and city bus,” Belayneh Kinde Group Communications Director Setegn […]
Addis Ababa, June 19, 2023 (FBC) – UK delegation led by the Minister of State at the Department for Business and Trade Nigel Huddleston has visited the Bole Lemi Industrial Park today. According the Industrial Parks Development Corporation (IPDC), the delegation is expected to hold discussions with IPDC leadership and […]
Addis Ababa, June 19, 2023 (FBC) – Chinese Ambassador to Ethiopia Zhao Zhiyuan, Chinese Minister of Council Yang and the Deputy CEO of CCCC Ethiopia have visited the Mekele Industrial Park. Mekele Industrial Park Manager Filimon Terefe and the officials of the park received the delegation and discussed with them. […]
Addis Ababa, June 17, 2023 (FBC) – Wild Coffee Ethiopia, the Ethiopian emerging coffee company, wins the Africa Food Awards as one of the Rising star Company of the Year in Africa, in a ceremony held yesterday in Nairobi, Kenya. Present at the ceremony, Mr.Belay Gebre-Selassie, Minister for Economic Affairs […]
Addis Ababa, June 17, 2023 (FBC) – The Head of Transformation Department at the Industrial Parks Development Corporation of Ethiopia (IPDC) Fitsum Ketma stated that Mekele Industrial Park is on the verge of returning to full operations following the successful completion of preparation works. Fitsum reminded that IPDC has been […]