Addis Ababa, February 27, 2023 (FBC) – The fundamental role of the African Continental Free Trade Area (AfCFTA) in overcoming the peculiar challenges faced by Africa’s Landlocked Developing Countries (LLDCs) and Small Island Developing States (SIDS) was highlighted today in Harare at a high-level event jointly organized by the UN […]
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Addis Ababa, February 26, 2023 (FBC) – Ethiopian Finance Minister, Ahmed Shide, along with his delegation, held a fruitful discussion with his Chinese counterpart Liu Kun, in Beijing, on ways to further cement economic partnership between the two countries. Ahmed Shide commended China’s unwavering support to Ethiopia’s fight against poverty […]
Addis Ababa, February 24, 2023 (FBC) – The East African Holding Share Company has signed a Memorandum of Understanding (MoU) to develop and expand an industrial park with 108 million USD with the Ethiopian Investment Commission (EIC) today. The industrial park, which is expected to accommodate manufacturing, agricultural products processing […]
Addis Ababa, February 22, 2023 (FBC) – The African Development Bank (AfDB) is supporting to accelerate implementation of the Africa Continental Free Trade Area (AfCFTA) and boosting intra-Africa trade, African Development Bank Group President, Akinwumi Adesina said. In an exclusive interview with ENA, President Adesian said AfCFTA will link together […]
Addis Ababa, February 21, 2023 (FBC) – During the Joint Economic and Trade Commission meeting held today Ethiopia and China signed a Memorandum of Understanding (MOU) to establish an investment and economic cooperation working group. According to the Ethiopian Embassy in Beijing, the working group aimed at jointly boosting bilateral […]
Addis Ababa, February 22, 2023 (FBC) – Ethiopian Investment Commissioner, Lelise has met with one of the top five largest Chinese Pharmaceutical Companies, CHONGQING Pharma. Commissioner Lelise has also presented opportunities for the pharma sector, a conducive investment climate, reforms undertaken, and high commitment from the Ethiopian government. She also […]
Addis Ababa, February 13, 2023 (FBC) – Ethiopia has earned over 1.75 billion USD from foreign trade over the last six months of current fiscal year, the Ministry of Trade and Regional Integration announced. The Ministry of Trade and Regional Integration as well as officials of affiliated institutions, have today […]
Addis Ababa February 10, 2023 (FBC) – The Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Federal Democratic Republic of Ethiopia Zhao Zhiyuan visited the local coffee plantations in Keffa, Zone of South West Ethiopia Peoples’ Regional State. In his social media post, Ambassador Zhao Zhiyuan […]
Addis Ababa, February 10, 2023 (FBC) – The Ministry of Finance-Ethiopia (MoF) has released a Request for Proposal (RFP) for the Partial Privatization of Ethio-telecom to invite proposals from interested parties. According to Ministry of Finance, the Government of Ethiopia has laid out the framework for the privatization of public […]
Addis Ababa, February 10, 2023 (FBC) – The pharmaceutical companies in Pakistan have expressed keenness to produce raw material drugs by investing in health sector in Ethiopia. The interest was shown by a delegation of the pharmaceutical industry during a meeting with Ambassador Ethiopia Jemal Beker Abdula at his office […]
Addis Ababa, January 30, 2023 (FBC) – Ethiopian Enterprise Development (EED) has announced that the required support will be provided to investors and enterprises engaged in import substation products. According to Abdulfata Yesuf, the Director General of EED, various designed schemes are being put into concerted operation to enable industries […]
Addis Ababa January 30, 2023 (FBC) – The Commercial Bank of Ethiopia (CBE) has unveiled a new digital foreign currency remittance service named EthioDirect. According to CBE, the introduction of the service aimed at modernizing the process of money transfers and making it more accessible and convenient for customers. On […]