Addis Ababa, December 22, 2021 (FBC) – Ethiopia has secured over over 1 billion USD in Foreign Direct Investment in the first four months of the current fiscal year. The achaivement gained amidst the challenges the country is facing shows that most investors have trust in the business environment, Ethiopian […]
Events
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Pilots of the Ethiopian Airlines A350-900 have performed a spectacular air show at Dubai Airshow 2021. Thousands of visitors got a glimpse of a spectacular air show that was performed by Ethiopian pilots. Dubai Airshow is the third largest airshow featuring over 1,200 exhibitors and representatives from 148 countries. Source: FBC And […]
Addis Ababa, November 14, 2021 (FBC) – Extensive activities have been carried out to explore new export market destinations with a view to easing the impact of Ethiopia’s revocation from the AfricanGrowth and Opportunity Act (AGOA),theIndustrial Parks Development Corporation (IDPC) said. Ethiopia’s AGOA privileges were not stripped immediately and the […]
Addis Ababa, November 11, 2021 (FBC) – Industrial Parks Development Corporation announced that Bahir Dar Industrial park has begun its first apparel products to foreign market. Hop Loun, one of the companies in the park, has for the first time exported garments made by PLC Ethiopia. In a related story, […]
Addis Ababa, November 4, 2021 (FBC) – As part of expanding investments in neighboring countries, an Ethiopian owned NOC Djibouti has signed an agreement with a China Construction to significantly renovate and modernize a service station worth 1.3 million dollars on Wednesday. Minister of Energy and Natural Resource, Yonis Ali […]
Addis Ababa, November 3, 2021 (FBC) – Ministry of Trade and Industry discloses that 42.75 million USD has been garnered in a quarter of the Ethiopia’s fiscal year from exporting manufactured goods. The target for this sector has been set at 42.85 million USDs. According to the ministry, as a […]
Addis Ababa, October 29, 2021 (FBC) – The Minister of Finance and his team conferred with the founder of Cardano and co-founder of Ethereum, Charles Hoskinson. The Minister highlighted the major economic reforms that are underway in Ethiopia as well as the readiness to incorporate avant-garde technology in areas of […]
Addis Ababa, October 29, 2021 (FBC) – The first Sea-Air Cargo Operation that discharge 17 tons of electronic and home appliances from Shenzen to Lagos and Kano in Nigeria via Djibouti is launched on Thursday. The Chairperson of Djibouti Ports and Free zone Authority, Aboubaker Omar Hadi, a diplomat from […]
Addis Ababa, October 28, 2021 (FBC) – Safaricom Ethiopia expresses readiness to support Ethiopia’s national digital transformation and job creation for the youth, two of the pillars of the country’s economic reform. Speaking at the Innovation Africa Digital Summit here in Addis, Safaricom Ethiopia Managing Director Anwar Soussa has said […]
Addis Ababa, October 27, 2021 (FBC) – State Minister of the Foreign Affairs Ministry, Ambassador Redwan Hussein discussed with CEO the Korean company EKOS STEEL Mill P.L.C Shell H. Choo. On the occasion, the CEO called for government’s continued support so that it can utilize its maximum capacity of production. […]
Addis Ababa, October 25, 2021 (FBC) – The first mortgage bank, Goh Betoch Bank, has officially started services in Addis Ababa. The bank provides loans for the construction of houses. Inaugurating the bank, Lady Mayor of Addis Ababa, Adanech Abebie, says “we are happy to inaugurate the first bank in […]
Addis Ababa, October 26, 2021 (FBC) – Kerchanshe Trading Private Limited Company (PLC), the largest producer and exporter of coffee in Ethiopia, says the upcoming 4th China International Import Expo (CIIE) will create a huge opportunity for coffee-producing and exporting companies. In an exclusive interview with Xinhua, the CEO of […]