Addis Ababa, December 13, 2022 (FBC) – Ethiopian Airlines Group wants to almost double its fleet over the next 12 years and expand its global network as Africa’s largest carrier seeks to better compete with other international carriers linking passengers between Asia, the Americas and Europe, according to Bloomberg’s report. […]
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Addis Ababa, December 12, 2022 – More Finnish businesses are interested to explore lucrative investment opportunities in Ethiopia, according to Under-Secretary of State for Development Policy at the Ministry for Foreign Affairs of Finland, Pasi Hellman. The FDRE Minister of State for Finance, Semerita Sewasew, held discussion with Finnish delegation, […]
Addis Ababa, December 12, 2022 (FBC) – Digitalization will turbocharge the African Continental Free Trade Area (AfCFTA), stated the UN Economic Commission for Africa (ECA). The Economic Commission for Africa (ECA) has launched two key publications making a case for Africa’s participation in global value chains and leveraging digitalization and […]
Addis Ababa, December 5, 2022 (FBC) – Ethiopian Electric Power (EEP) stated that Aysha Wind Farm II has generated over 17.7 GWh electric power during the last two months. Aysha Wind Farm II was connected to the national grid after 16 of its windmills had begun generating power at the […]
Addis Ababa, November 30, 2022 (FBC) – Ethiopian Soya beans and Mung bean products have been introduced to Chinese business companies via Online Promotion Program on Wednesday. Speaking on the promotion event, Ambassador Teshome Toga pointed out that, Soya bean and Mung beans have been one of dependable source of […]
Addis Ababa, November 17, 2022 (FBC) – Ethiopia has officially started exporting electricity to Kenya as of today, November 17, 2022. The Ethio-Kenya 500 kilovolt power transmission line and converter substation has officially started selling electricity to Kenya. It is stated that the Ethio-Kenya 500 kilovolt transmission line, which officially […]
Addis Ababa, November 16, 2022 (FBC) – The Ethiopian Ministry of Industry announced that efforts are being made to collect 562 million USD from the manufacturing sector. According to the Minister of Industry, Melaku Alebel, the Ministry will focus on collecting better foreign exchange in the sector by filling the […]
Addis Ababa, November 16, 2022 (FBC) – The Ethiopian Investment Commission (EIC) and Industrial Parks Development Corporation (IPDC) management jointly met with the Carvico Ethiopia P.L.C representatives, and reviewed the company’s investment status and challenges. According to the Ethiopian Investment Commission, Carvico Ethiopia is playing a significant role in creating […]
Addis Ababa, November 6, 2022 (FBC) – Ethiopian Airlines Group has signed a renewed agreement with Travelport International Operations to distribute Travelport+, the world’s leading distribution system, and other related products of Travelport in Ethiopia until end of 2026. Ethiopian Airlines and Travelport International Operations Ltd. have been working together […]
Following Ethiopia’s decision to open its financial sector to foreign investors, the Commercial Bank of Kenya expressed its interest in engaging in the country’s financial sector. A delegation of the Bank’s senior officials visited the Ethiopian Investment Commission (EIC). The delegation commended the Ethiopian government’s recent decision to open up […]
Addis Ababa, October 27, 2022 (FBC) – The Ethiopian Commodity Exchange (ECX) has announced that it is ready to supply the domestic wheat grain to the local market in the current fiscal year through a modern marketing system. ECX’s Corporate Communication Manager, Netsanet Tesfaye, stated that they are ready to […]
Addis Ababa, October 18, 2022 (FBC) – Africa Bamboo PLC is going to setup a factory at Hawassa Industrial Park, according to Ethiopian Industrial Parks Development Corporation (IPDC). CEO of IPDC, Sandokan Debebe said in a tweet that the Africa Bamboo PLC will manufacture wall cladding and indoor flooring from […]