ESX unveils stringent listing requirements Addis Ababa, April 4, 2024 (FBC) – The Ethiopian Securities Exchange (ESX) today confirmed that it has concluded its share offering upon amassing 1.5 billion birr in subscribed capital from numerous investors, encompassing three foreign entities. The Trade and Development Bank Group (TDB), the financial […]
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Addis Ababa, March 31, 2024 (FBC) – The World Bank (WB) will continue supporting the National Financial Inclusion Strategy of Ethiopia, which is critical for the growth and prosperity of the country, Bank Senior Economist Michael O’Sullivan said. The National Financial Inclusion Strategy 2021-2025 was revised in close collaboration with […]
Officials at the Ministry of Agriculture have finally received the go-ahead to use a portion of the federal fertilizer subsidy budget to lower costs for lime needed to remedy acidic soil threatening farm productivity in many parts of the country. Lime (calcium carbonate) is used to neutralize acidic reactions and […]
The repayment of foreign debt by state-owned enterprises such as the Ethiopian Electric Power (EEP) and the Public Enterprise Holding and Administration (PEHA) is dragging far behind schedule as the federal government continues to grapple with the country’s crippling forex drought. Public enterprises under PEHA planned to service at least […]
Addis Ababa, March 22, 2024 (FBC) – The Industrial Parks Development Corporation of Ethiopia (IPDC) has confirmed the successful resumption of full-scale production at the Mekele Industrial Park. After a two-year halt due to the conflict, the companies operating within the park have now resumed their production activities. Mr. Aklilu […]
Addis Ababa, March 18, 2024 (FBC) – China Machinery Engineering Corporation Group (CMEC) announced that it is planning to invest in the mining, renewable energy, and construction sectors in Ethiopia. CMEC Group’s plan was disclosed during Ambassador Teferra Derbew’s visit to the Corporation’s headquarters and workshops earlier today. During his […]
Addis Ababa, March 12, 2024 (FBC) – The Government of Ethiopia has been taking monetary, fiscal and development policy measures that stabilize inflation, Finance State Minister Eyob Tekalign said. According to him, the government is enforcing stringent budgetary discipline on government institutions for the remainder of the Ethiopian fiscal year, […]
Addis Ababa, March 11, 2024 (FBC) – Russian embassy in Addis Ababa stated that it is working aggressively to attract Russian investors to industrial parks in Ethiopia. Ethiopia’s Industrial Parks Development Corporation CEO, Aklilu Tadesse had a discussion with Ambassador of the Russian Federation to Ethiopia Evgeny Terekhin on ways […]
Addis Ababa, March 4, 2024 (FBC) – Extraordinary and Plenipotentiary Ambassador of the Federal Democratic Republic of Ethiopia to People’s Republic of China, Tefera Derbew, has visited Jereh Group Exhibition Hall, Jereh petroleum equipment manufacturing industrial Park, Jereh lithium battery recovery equipment and Shandong Jerei digital technology Co., Ltd. The […]
Addis Ababa, March 1, 2024 (FBC) – The Dubai Group, which owns more than 20 companies, expressed its interest to invest in Industrial parks in Ethiopia. Armada Holding Group, which is engaged in various investment sectors in United Arab Emirates and owns more than 20 companies, expressed its desire to […]
Addis Ababa, February 29, 2024 (FBC) – Ambassador Tefera Deribew met with a delegation led by Zhao Baogang, Vice Mayor of Weihai City on Wednesday and discussed bilateral affairs by focusing on further strengthening people to people bond, enhancing investment and trade cooperation between Ethiopia and Weihai City. Both sides […]
BEIJING, February 27 (Sputnik) – China calls on World Trade Organization (WTO) members to speed up the formulation of rules for multilateral digital trade, also known as e-commerce, and create new opportunities for sustainable development, Chinese Commerce Minister Wang Wentao said on Tuesday. “Digital trade is now booming, giving new […]