Addis Ababa, May 24, 2024 (FBC) – An investment agreement signed between the Industrial Parks Development Corporation (IPDC) and National Investment Group to manufacture airplane spare parts at Kilinto Industrial Park in Ethiopia. The agreement will allow the National Investment Group to receive 14 hectares of land at Kilinto Industrial […]
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Addis Ababa, May 15, 2016 (FBC) – The Ethiopian Civil Aviation Authority has granted approval to local private operators to operate regular passenger and cargo flight services. The authorization is said crucial in encouraging more investors to enter the sector and enable the air transportation industry to contribute to the […]
Addis Ababa, May 20, 2024 (FBC) – The Ethiopian Embassy in Istanbul has announced the upcoming Ethiopia-Türkiye Trade and Investment Forum set to be held on May 27, 2024. The event will take place at Müsiad’s headquarters located in Istanbul, Türkiye. This high-level business forum aims to showcase investment prospects […]
On May 16, 2024 169 Addis Ababa, May 16, 2024 (FBC) – The Ministry of Revenues announced that it has collected more than 425 billion Birr tax from domestic sources and foreign trade over the last ten months of current Ethiopia Fiscal Year. In her briefing to the media today, […]
Abdurehman Eid Tahir, 42, was born into a prominent political family in Jigjiga, seat of the Somali regional administration. His father, Eid Daahir Farah, served as Secretary General of the Somali region for four years beginning 1991 before being elected as the first regional president following elections in 1995. Abdurehman […]
Addis Ababa, April 26, 2024 (FBC) – The Ministry of Foreign Affairs disclosed that Ethiopia is working hard to become member of BRICS’ New Development Bank. In a media briefing regarding the country’s diplomatic activities over the week, Spokesperson of the Ministry Nebiyu Tedla, indicated that Ethiopian delegation led by […]
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 […]
Car prices be 54% cheaper if dealers acquired 100% of the forex Ethiopia’s economic landscape has been facing a multitude of challenges in recent years, and one of the key issues highlighted in the latest edition of The Blue Book, an annual economic publication by First Consult, is the prevalence […]
Regulators are readying to embark on a study on the use of a Central Bank Digital Currency (CBDC) as part of the Homegrown Economic Reform Agenda. The National Bank of Ethiopia (NBE) is set to initiate the study in June under instructions from the macroeconomic team led by Girma Birru, […]
Companies must have 500mln in capital, at least 300 shareholders Companies looking for a listing on the main board of the upcoming Ethiopian Securities Exchange (ESX) are required to hold at least half a billion birr in capital, according to a newly-published rulebook. The draft prepared by legal experts at […]
The consequences of inaccurate inflation forecasts shape monetary policy decisions that affect millions. The misjudgment of inflation’s trajectory can influence interest rates, employment, and household spending power. Underestimating the Great Inflation revealed the real-world implications of such forecasting errors, calling for models that mirror the complexity of human economic behaviour, […]