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Addis Ababa, February 19, 2024 (FBC) – The African Union is undertaking various measures including a trade observatory and Africa intra-trade fair to boost the implementation of the African Continental Free Trade Area (AfCFTA), commissioner for Trade and Industry of the African Union Commission Albert M. Muchanga said. Commissioner Muchanga […]

Addis Ababa, February 19, 2024 (FBC) – The UN Economic Commission for Africa (ECA) and Google LLC, the American search engine company, have stroke an agreement that will see the two institutions foster and accelerate Digital Transformation in Africa, ECA confirmed today. The agreement was signed on the sidelines of […]

Addis Ababa, February 15, 2024 (FBC) – The UN Assistance Secretary and Resident and Humanitarian Coordinator Dr. Ramiz Alakbarov has commended activities in Ethiopia’s industrial parks. Dr Ramiz extended his appreciation when he toured Bole Lemi Industrial Park together with CEO of Ethiopian Industrial Parks Development Corporation Aklilu Tadesse. Aklilu […]

Addis Ababa, February 3, 2024 (FBC) – Mitsubishi Corporation (MC), a giant Japanese multinational integrated business entity, has articulated its keen interest in exploring investment opportunities associated with trading within the Dire-Dawa Free Trade Zone. Mr. Shigeyuki Ikeda, the General Manager of Mitsubishi Corporation, undertook visits to Hawasa, Adama, and […]

Addis Ababa, February 2, 2024 (FBC) – The first-ever Ethiopian largest bulk carrier vessel, ABBAY II, docked at Djibouti Port for the first time carrying Ethiopian cargo since its registration and started sailing under the flag of Ethiopia, the Ethiopian Shipping and Logistics confirmed this morning. ABBAY II has delivered […]

Addis Ababa, February 2, 2024 (FBC) – A consultative meeting on the National Action Plan for the implementation of Compliance Measures on European Union Deforestation-free Products Regulation (EUDR) was held on Thursday. Under the EU regulation, any operator or trader who places commodities like cattle, soy, beef, palm oil, wood, […]

Addis Ababa, January 24, 2024 (FBC) – Giant Canadian companies with significant potential in the mining and agro- processing industries are currently making preparations to invest in Ethiopia, Ethiopian Ambassador to Canada, Fitsum Arega said. In an exclusive interview with ENA, Ethiopian Ambassador to Canada, Fitsum Arega said the embassy […]

Addis Ababa, January 17, 2024 (FBC) – An German company called HPC, which is based in America, expressed interest to invest in Ethiopian industrial parks. HPC is engaged in data center construction and related ICT sectors. Industrial Parks Development Corporation’s Investment, Promotion and marketing Division Deputy CEO, Zemen Junedin, received […]

Addis Ababa, January 6, 2024 (FBC) – BRICS include countries with large population and geography, and the addition of the five new member countries will even make it stronger, Trade and Regional Integration Minister Gebremeskel Chala told ENA. BRICS comprised Brazil, Russia, India, China, and South Africa. With the accession […]

Addis Ababa, December 27, 2023 (FBC) – The UN Economic Commission for Africa (ECA) reiterated its willingness and readiness to assist the government of Ethiopia in achieving its developmental aspirations. The Commission’s readiness was disclosed during a meeting between Mr. Ahmed Shide, the Minister of Finance, and Mr. Claver Gatete, […]

Addis Ababa, December 25, 2023 (FBC) – A delegation from the National Bank of Ethiopia, including the Vice Governor, Senior Advisors, and Directors, along with the CEO of the Ethiopian Securities Exchange (ESX) embarked on a key visit to China’s cities of Beijing, Shanghai, and Shenzhen. The delegates trip to […]