Addis Ababa, July 18, 2022 (FBC) – The Ethiopian Electric Power has announced that it was able to generate more than 15,400 GWh of energy in the already concluded Ethiopian fiscal year. The performance has shown a decrease by 300GWh compared to the same period of the last fiscal year. […]
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Ethiopia has obtained a record-hit 1.4 billion USD from coffee export during the country’s 2021/22 fiscal year that was concluded on the 7th of July. The country has set an unprecedented record in terms of volume and revenue since it started exporting coffee to the world market, according to Ethiopian […]
July 14, 2022Ethiopia and Djibouti have signed a Memorandum of Understanding (MoU) on the utilization of the livestock terminal at Djibouti’s Doraleh Multi-Purpose Port. Minister of Agriculture Oumer Hussien and Minister of Agriculture, Water, Fisheries, Livestock, and Marine Resources of of Djibouti, Mohammed Ahmed Awaleh signed the MoU on Tuesday […]
Ethiopia has finalized preparations to open its first Free Trade Zone in Dire Dawa next month, Ministry of Transport and Logistics disclosed. A panel discussion about the Free Trade Zone (FTZ) to be established in Dire Dawa was held today. In her opening remark, Transport and Logistics Minister Dagmawit Moges […]
According to the United Nations Conference on Trade and Development (UNCTAD) latest world investment report, Ethiopia ranks among the top 5 Foreign Direct Investment (FDI) destinations in Africa in 2021 with 4.3 billion $. “This represents 79pct increase from 2020 and corresponds to almost half of all FDIs to East […]
Addis Ababa, June 11, 2022 (FBC) – A steel mill with a capacity to melt 450 tons of iron has inaugurated in Dukem town, Oromia Region. The steel plant constructed by Tadash Steel Manufacturing Industry is also said to have a capacity to produce 600 steel bars on daily basis. […]
Addis Ababa, June 7, 2022 (FBC) – A delegation led by Endalew Mekonen, State Minister for Trade and Regional Integration of Ethiopia paid a visit to the port operation at Djibouti’s Doralleh Multi-Purpose Port on June 6, 2022. The working visit was jointly organized by the government of Djibouti, the […]
Addis Ababa, May 31, 2022 (FBC) – Coca-Cola Beverages Africa Ethiopia inaugurated its 5th mega manufacturing plant in Sebeta town, Oromia region. Chief Administrator of Oromia Region, Shimelis Abdisa and Industry Minister, Melaku Alebel along with other senior government officials has attended the inauguration ceremony. In his remarks on the inauguration […]
Addis Ababa, May 24, 2022 (FBC) -Ethiopian Deputy Head of Mission in China, Ambassador Dawano Kedir held a virtual discussion with Ya Xian – Executive-Director and General-Manager of Southwest Pharmaceutical Co., Ltd, which is one of the top 100 pharmaceutical companies in China, on ways in which the company can […]
Addis Ababa, May 30, 2022 (FBC) – Boeing and Ethiopian Airlines today announced the carrier is further expanding its all-Boeing freighter fleet with an order for five 777 Freighters. “The addition of these five 777 Freighters into our cargo fleet will enable us to meet the growing demand in our […]
Addis Ababa, May 23, 2022 (FBC) – A delegation headed by Ambassador Extraordinary and Plenipotentiary of Ethiopia to Kenya, Meles Alem and representatives of the Governments of Kenya and South Sudan with regards to the Lamu Port-South Sudan-Ethiopia- Transport (LAPSSET) Corridor Project paid a scoping mission to the Northern Corridor […]
Addis Ababa, May 20, 2022 (FBC) – Ethio telecom built and launched a modern modular data center recently and has been utilizing it for its own multiple purposes and leasing for enterprises. The company has signed a memorandum of agreement today with Zemen Bank, Rays Micro Finance, ZamZam Bank, Hijira […]