Addis Ababa, October 3, 2022 (FBC) – The Istanbul Free Industry and Trade Zone has expressed interest to collaborate with its counterpart in Ethiopia, Dire Dawa Free Trade Zone. An Ethiopian delegation comprising leadership and experts of several public institutions has visited the Istanbul Free Industrial and Trade Zone in […]
Events
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Addis Ababa, September 29, 2022 (FBC) – PCE Venture Manufacturing has inaugurated a 1 billion USD leather factory in Addis Industrial Park in the presence of senior government officials including the Industry Minister Melaku Alebel. PCE Venture Manufacturing has previously created employment opportunities to more than 180 young men and […]
Addis Ababa, September 29, 2022 (FBC) – Ethiopian Investment Holdings (EIH) and Tanger Med Special Agency (TMSA) signed a Memorandum of Understanding on areas of cooperation and investment in logistics. The MoU includes the execution of feasibility by TMSA and Ethiopian Shipping and Logistics Services Enterprise (ESLSE) to partner investing, upgrade facilities […]
Addis Ababa, September 20, 2022 (FBC) – Minister of Mines and Petroleum Ministry of Ethiopia, Takele Uma received Prince Mohammed Abass Ben Ali Ben Nayef of Jordan at his office on Monday. Minister Takele Uma and Prince Abass Ben Ali Ben Nayef have discussed investment opportunities on the development of […]
Addis Ababa, September 16, 2022 (FBC) – Ethiopian Airlines becomes technical partner and core investor of Nigeria Air, as it has been selected by the Nigerian government, further boosting the robust relationship between the airline and Nigeria’s Aviation. Ethiopian Airlines, which is unarguably the best-managed airline in Africa and the […]
Addis Ababa, September 15, 2022 (FBC) – Industrial Parks Development Corporation –Ethiopia (IPDC) and Safaricom Ethiopia signed an investment agreement worth of $60 million in the ICT Park, Addis Ababa. According to a statement from IPDC, the agreement grants Safaricom Ethiopia to invest $60,000,000 to modernize the telecommunications sector in […]
Addis Ababa, September 11, 2022 (FBC) Ethiopian Airlines, one of the world’s leading airlines, stroke a deal with the Zimbabwe Tourism Authority (ZTA) and became strategic alliance of the Authority for its Sanganai/Hlanganani World Tourism Expo. The Airline became the official carrier for ZTA’s international buyers and journalists who will […]
Addis Ababa, August 30, 2022 (FBC) – A kilogram of Ethiopia’s finest coffee has sold for a staggering 884 USD at auction. The winning coffees of the third Ethiopian Cup of Excellence competition on Saturday went under the hammer in the Alliance for Coffee Excellence auction this week. The coffee […]
Addis Ababa, August 29, 2022 (FBC) – Safaricom Ethiopia has today begun a large-scale customer pilot of its network in Dire Dawa City. This is part of the company’s phased city-by-city regional network roll-out and service tests building towards its national launch. The customer pilot in Dire Dawa will be […]
Addis Ababa, August 26, 2022 (FBC) – The Ministry of Mines and Petroleum received the first gas reserves certificate as a study to verify extent of oil and natural gas reserves in Ethiopia completed. Minister of Mines and Petroleum, Takele Uma received the certificate from the American company Netherland, Sewell […]
Addis Ababa, August 25, 2022 (FBC) – In a press conference, CEO of Industrial Parks Development Corporation, Sandokan Debebe stated that the institution earned more than 1.2 billion birr during the past Ethiopian fiscal year. The corporation has withstood various challenges through implementation of effective institutional reform tools to achieve […]
Addis Ababa, August 20, 2022 (FBC) – The automotive assembly plant, built by EL Auto Engineering and Trading PLC, with more than 700 million ETB, has been inaugurated at the Dire-Dawa Free Trade Zone. “Similar projects should be strengthened in other parts of the country as part of the journey […]