A non-profit investment think tank established by the former President Mulatu Teshome was officially inaugurated today. Center for Investment Networking in Ethiopia (CINE) is an investment think tank expected to be a reliable investment bridge that would bring key investment stakeholders together in order to catalyze viable and sustainable investment partnership […]
Events
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Addis Ababa, July 29, 2021 (FBC) – Chinese solar panel maker GCL Group plans a plant in Ethiopia to make ammonia using the natural gas produced from fields it has been developing under a deal with the local government, the company said on Thursday. GCL, which is diversifying its business […]
Addis Ababa, July 26, 2021 (FBC) – An Industry Park Employees Saving and Loan Integrated Scheme entitled “Tatari” has been launched in Hawassa city. The scheme is aimed to increase workers retention and productivity under the Bridge Program of MasterCard Foundation. Key stakeholders of the project includes Federal and Regional […]
Addis Ababa, July 23, 2021 (FBC) – Ethiopia has earned 3.6 billion US dollars from export of different commodities during the concluded 2020/2021 fiscal year, the Trade and Industry Ministry announced. Compare to same period the previous year, the revenue has increased by 19.5 percent, the ministry indicated. In the […]
Addis Ababa, July 21, 2021 (FBC) – Industrial Parks Development Corporation (IDPC) has signed an agreement with a Chinese Company, Shang Cheng Ltd, to lease factory sheds in Debre Birhan Industrial Park. The agreement has been signed by the CEO of IDPC, Sandokan Debebe, and Shang Cheng’s General Manager, Candy […]
France’s telecom firm Orange has submitted an expression of interest to participate in the ongoing partial privatisation of Ethiopia’s Ethio Telecom firm, Ethiopia’s ambassador to Paris said on Twitter on Tuesday. Henok Teferra Shawl said in a tweet Orange had “formally submitted interest to participate in the partial privatisation of […]
Addis Ababa, July 6, 2021 (FBC) –Ethio-telecom has launched its LTE Advanced 4G mobile network in 12 towns. The company launched the advanced services in Hawassa, Shashemene, Yirgalem, Aletawondo, Dila, Arsi Negele, Negele, Adola, Bulehora, Yabelo, Moyale and Shakiso. Frehiwot Tamru, CEO of Ethio-telecom, said the launch of the service […]
Addis Ababa, July 5, 2021 (FBC) – Aimed at transfiguring the conventional and costly ways of doing the livestock export business, Ethio-Djibouti Livestock Export Promotion Forum kicked off on Sunday attracting scores of high-level officials from each side, several experts from relevant stakeholders as well as dozens of exporters in […]
Addis Ababa, July 5, 2021 (FBC) -Ethiopian Airlines Group (Ethiopian), the largest Pan-African airline, has become Africa’s top airline in passenger and freight traffic retaining its leadership position in the continent. According to the African Airlines Association’s (AFRAA) report, Ethiopian has been ranked first by passenger and cargo traffic in […]
Addis Ababa, July 1, 2021 (FBC) – The delegation of the Lamu Port-South Sudan-Ethiopia corridor countries has paid a visit to recently completed Modjo-Meki-Batu Expressway phase one project. During the visit, members of the delegation lauded the significance of the expressway in facilitating trade and investment ties in the East […]
Addis Ababa, June 30, 3021 (FBC) – Japan International Cooperation Agency (JICA) has announced support to help Ethiopian leather products penetrate the U.S. and European market. Under its Second Phase of the Champion Product Project, JICA has selected six Ethiopian shoe and bag makers to participate in in its technical […]
Addis Ababa, June 29, 2021 (FBC) – Ethiopian Coffee and Tea Authority has launched new drive to secure Chinese investment in nation’s coffee industry. Ethiopia is seeking a bigger slice of Asia’s growing coffee economy. According to Dr. Adugna Debela, Director General of the Ethiopian Coffee and Tea Authority, the […]