Addis Ababa, January 30, 2023 (FBC) – The Federal government’s domestic revenue has upturned by 28.9 percent, compared to the same period in the previous financial year’s performance, said the FDRE Minister of Planning and Development, Fitsum Asefa. Earlier today, Prime Minister Abiy Ahmed and his cabinet reviewed the 2022/23 […]
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Addis Ababa, January 30, 2023 (FBC) – The Ministry of Planning and Development’s forecast based on the macroeconomic performance of the past six months indicates that the Ethiopian economy will record a growth rate of 7.5 percent at the end of the current financial year. Prime Minister Abiy Ahmed and […]
Addis Ababa, January 29, 2023 (FBC) –Cooperative Bank of Oromia is eying to build better presence by providing high quality and innovative banking service in Djibouti, Ethiopian Embassy in Djibouti said. According to the Embassy, the trade and investment ties between Ethiopia and Djibouti is on an upward trajectory. The […]
Addis Ababa January 27, 2023 (FBC) – Ethiopia Capital Market Authority (ECMA) disclosed that it has Finalized preparations to launch Ethiopian Capital Market within the coming two years. On the sideline of Invest Origins (IO2023), an Ethiopian global investment Forum, Director General of Accounting and Audit Board of Ethiopia and […]
Addis Ababa, January 20, 2022 (FBC) – Ethiopian Industrial Parks Development Corporation (IDPC) in partnership with the Embassy in New Delhi have held a forum aimed at attracting more FDI to Ethiopia. Officials of IDPC and Indian investors have participated in the forum where investment opportunities in Ethiopia and enabling […]
Addis Ababa, January 20, 2022 (FBC) – Tele-Mobile South Sudan (TMSS) appointed the ex-Chief of Ethio-telecom, Andualem Admase (PhD), to the role of Chief Executive Officer. Andualem Admasse is expected to bring his rich experience in the telecom sector to TMSS, which is the fourth-largest telecommunications network company in South […]
Addis Ababa January 17, 2023 (FBC) – Top Ethiopian investors engaged in various businesses in the country have expressed their interest to invest in Dire Dawa Free Trade Zone. CEO of Industrial Parks Development Corporation (IPDC) Aklilu Tadesse held a discussion with Ethiopian investors on how to utilize potential in […]
Addis Ababa, January 10, 2023 (FBC) – Ethiopian Airlines will next month lift capacity on its China flights and restore frequencies to pre-pandemic levels from the start of March following the recent easing of Covid travel restrictions in the Asian country. This will mark returning to the pre-COVID19 levels on […]
Addis Ababa, January 10, 2023 (FBC) – The Ethiopian Industrial Parks Development Corporation (IPDC) announced that Hawassa Industrial Park has generated 32 million USD in the last three months. IPDC’s Head of Marketing and Communication Department, Zemen Junedi, told Fana Broadcasting Corporate that, after the Pretoria peace agreement, industrial parks […]
Addis Ababa, December 20, 2022 (FBC) – More than 615 million USD has been earned from coffee export over the past five months, according to the Ethiopian Coffee and Tea Authority. The Authority’s Deputy Director-General, Shafi Oumar said that the foreign currency was obtained by exporting over 109,000 tons of […]
Addis Ababa, December 19, 2022 (FBC) – Ethiopian Airlines expects its passenger business to return to pre-pandemic levels in its current financial year ending in June, said Mesfin Tasew, CEO of the Airline. Ethiopian Airlines, Africa’s biggest carrier, will ferry 12.7 million passengers during the year, Mesfin Tasew Bekele said […]
Addis Ababa, December 16, 2022 (FBC) – Ambassador of Ethiopia to Japan, Tefera Derbew discussed with Vice President of Mitsubishi Corporation, Tetsuya Shinohara on burgeoning investment opportunities in Ethiopia. The two exchanged views on Mitsubishi Corporation’s activities in Ethiopia particularity in the Tulu Moye Geothermal Power Project II and explored […]