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Addis Ababa, August 13, 2024 (FBC) – The Ethiopian Securities Exchange (ESX) announced that it has signed two pivotal technology agreements with Infotech Private Limited, a leading global provider of capital markets technology solutions. These agreements mark a significant step forward in the development of Ethiopia’s first ever securities exchange, […]

Ambassador Demeke Atnafu, Deputy Head of Mission at the Ethiopian Embassy in Nairobi, received and met with Samuel Weruethe, Kenya’s National Executive Chairman and Chamber Chairman and other Eight Directors of the Chamber on 12 August 2024. During the Meeting, Ambassador Demeke briefed the delegates about the ample business and […]

Addis Ababa, August 12, 2024 (FBC) – Dutch and United Arab Emirates investors have expressed their desire to engage in soil fertilizer production in Ethiopia. This was revealed after a meeting between Ethiopia’s Minister of State for Industry, Hassan Muhammed, and delegates from the Dutch and United Arab Emirates business […]

Addis Ababa, August 12, 2024 (FBC) – During a meeting between Iranian Ambassador Ali Akbar Rezaei and CEO Fisseha Yitagesu of the Industrial Parks Development Corporation of Ethiopia (IPDC) in Addis Ababa, it was confirmed that efforts will be made to encourage Iranian investors to invest in industrial parks focused […]

Addis Ababa, August 12, 2024 (FBC) – Ethio telecom disclosed that it is carrying out activities to expand mobile telephone networks across all rural parts of Ethiopia by utilizing renewable energy as alternative mechanism. Ethio-telecom has today inaugurated rural mobile telephone network projects in Somali and Central Ethiopia regions. Network […]

Addis Ababa, August 8, 2024 (FBC) – Fiseha Yitagesu, the CEO of Industrial Parks Development Corporation (IPDC), has stated that his corporation will provide the necessary support to Soufflet Malt Ethiopia SC, a subsidiary of the French agricultural group InVivo, to expand its investment in Ethiopia. This assurance was given […]

Addis Ababa, August 8, 2024 (FBC) – The Ethiopian Securities Exchange (ESX) will commence its operation in October 2024, ESX CEO Tilahun Esmael Kassahun stated. He said that preparations, including collecting finances, have been carried out to get license from the Capital Market Authority. The CEO disclosed the ESX, which […]

Addis Ababa, August 7, 2024 (FBC) – The Macroeconomic reform policy which Ethiopia has embarked on has created great opportunity for competitive investment in the country, Indian investor Mayur Kothari said. The Chairperson of Indian Mohan Group PLC in Ethiopia, Mayur Kothari said that the full implementation of macroeconomic reform […]

Addis Ababa, August 7, 2024 (FBC) – China’s foreign trade reached a new high of $3.5 trillion, up 6.2% year-on-year, in Jan. – July, Beijing-based news agency Xinhua reported on Wednesday, citing official data. China’s exports surged 6.7% year-on-year to $2.01 trillion and imports climbed 5.4% to $1.49 trillion in […]

Addis Ababa, August 4, 2024 (FBC) – Feseha Yitagesu (PhD), CEO of the Industrial Parks Development Corporation (IPDC), has announced a series of initiatives aimed at attracting investments to the Jimma Industrial Park, capitalizing on the areas’s abundant natural resources. During a recent visit to the park, Feseha reviewed ongoing […]

Addis Ababa, July 30, 2024 (FBC) – Ethiopia’s Minister of Finance, Mr. Ahmed Shide, stated that the partnership between Ethiopia and the World Bank is instrumental in his country’s collective pursuit of sustainable development. The Minister made this remark after the signing a 1.5 billion USD worth of support with […]