News

Addis Ababa, February 22, 2021 (FBC) –An Ethiopian delegation led by State Minister of Trade and Industry, Ambassador Mesganu Arga, is participating at the Gulfood, the world’s largest annual food and beverage trade exhibition. Ambassador Ambassador also officially opened the Ethiopian Pavilion at the five-day exhibition kicked off yesterday in […]

Addis Ababa, February 17, 2021 (FBC) -Demeke Mekonnen, Deputy Prime Minister and Minister for Foreign Affairs of Ethiopia, took part at the Ethiopia-India business forum today. In his remark, Demeke noted the vibrant engagements of Indian companies in the economic life of Ethiopia serving as the main sources of FDI […]

Addis Ababa, February 16, 2021 (FBC) –State Minister of Finance, Dr. Eyob Tekalign, attended a virtual meeting held to promote Ethiopia’s investment opportunities to French companies. The meeting was held with MEDEF International, the biggest employers’ association in France, regrouping other major French companies some of which have investments in […]

Addis Ababa, February 14, 2021 (FBC) – Ethiopian Airlines’ (Ethiopian) decision to temporarily convert 25 passenger aircraft for cargo operations has helped it to become “cash positive” during the Covid-19 crisis, according to the African carrier’s chief executive Tewolde Gebremariam. Speaking during a CAPA Live event on 10 February, Tewolde […]

Addis Ababa, February 12, 2021 (FBC) –The Addis Ababa city has launched a new website that provides daily market information to the community. The new website links all market places in the city and allows consumers to have access to information about prices of commodities on their mobile phones and […]

Addis Ababa, February 9, 2021 (FBC) – Startup studio 1888EC announced a partnership with the Mastercard Foundation to create the country’s first travel and leisure platform aimed at creating digital solutions and job opportunities within Ethiopia’s tourism sector. 1888EC, a unique and innovative startup studio established through the partnership, is […]

Addis Ababa, February 12, 2021 (FBC) -The Commercial Bank of Ethiopia (CBE) announced that it has made loan service charge rates adjustment from the previous 8.63% average rate to 9.8%. Briefing journalists today, Commercial Bank of Ethiopia President Abe Sano said the interest rates adjustment is aimed at balancing the […]

Addis Ababa, February 7, 2021 (FBC) – Prime Minister Abiy Ahmed together with Deputy Prime Minister Demeke Mekonnen and other high ranking officials has inaugurated PhiBela Edible Oil Factory, the giant palm oil processing plant in Africa, in Bure town, Amhara Regional State. PhiBela Oil factory that is believed to […]

Addis Ababa, January 23, 2021 (FBC) –Minister of Mines and Petroleum, Engineer Takele Uma, together with members of the Chemical Industry Corporation Board of Directors, has visited Mugher cement plant. Engineer Takele on the occasion said that efforts will be made to enable the plant produce cement with its full […]

Addis Ababa, January 20, 2021 (FBC) –Ethiopia’s Minister of Agriculture Oumer Hussien has held discussion with Dirie Ali, a Djiboutian investor who invested in Ethiopia. His company, Alvima Foods Complex PLC, is currently engaged in the production and export of pasta to Djibouti and Somaliland, thus generating foreign currency for […]

Addis Ababa, January 8, 2021 (FBC) -The construction of Dilla Industrial Park in the SNNP regional state has been completed, the regional Industrial Parks Development Corporation disclosed. Dilla Industrial Park is one of the parks planned to be constructed in the region with a cost of over half a billion […]

Addis Ababa, January 6, 2021 (FBC) -Luckin Coffee (China) Co. Ltd., and Louis Dreyfus Company (China) Ltd., have signed a Strategic Cooperation Framework Agreement to purchase Ethiopian coffee beans. The agreement signing ceremony took place yesterday at the Ethiopian Embassy in Beijing in the presence of Teshome Toga, Ambassador of […]