The Ethiopian Securities Exchange (ESX), a significant milestone in the country’s financial landscape, is slated for official launch at the end of November 2024. This development marks a historic step as part of Ethiopia’s national economic reform efforts aimed at enhancing public-private sector collaboration. Established in October 2023, the ESX […]
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The International Monetary Fund (IMF) has revised its inflation forecast for the 2024/25 year, commending the government’s efforts to control rising prices in light of recent macroeconomic reforms. Despite the successful implementation of a flexible exchange rate, the response of foreign exchange supply has been slower than anticipated in the […]
Addis Ababa, November 1, 2024 (FBC) – The Industrial Parks Development Corporation (IPDC) today disclosed that it has attracted 300 million USD worth of investments in the first quarter of the current Ethiopian fiscal year. Some 45 investors have already engaged in various industrial parks managed by the corporation and […]
ddis Ababa, October 29, 2024 (FBC) – The China-Africa Development Fund (CADF) has expressed its desire to work in partnership with the Ethiopian Investment Commission (EIC) to facilitate further investments in Ethiopia. This story was disclosed by EIC after the meeting between Mr. Dagato Kumbe, Deputy Commissioner of the Investment […]
Addis Ababa, October 28, 2024 (FBC) – Some 108 foreign and domestic investors have received investment licenses in the first quarter of the current Ethiopian fiscal year, according to Ethiopian Investment Commission (EIC) This was revealed during EIC’s review its first quarter of 2017 FY work performance report in the […]
Addis Ababa, October 28, 2024 (FBC) – Bahir Dar Industrial Park has made significant strides in benefiting local youth, agricultural investors, and farmers in the region. Zemen Junedin, Deputy Head of the Promotion and Marketing Division at the Ethiopian Industrial Parks Development Corporation (IPDC), reported that Nirvana, an Indian agroprocessing […]
Addis Ababa, October 24, 2024 (FBC) – The Ministry of Trade and Regional Integration reviewed the export performance for the first quarter of the fiscal year today with the participation of exporters. Minister Kasahun Gofe (PhD) highlighted a remarkable improvement in both volume and foreign exchange value compared to the […]
Addis Ababa, September 12, 2024 (FBC) – Ethio Engineering Group today revealed that the Bishoftu Automotive Manufacturing Industry is set to enter the market with its N7 Pickup model. The Group noted that this development marks a significant milestone for Bishoftu Automotive Manufacturing Industry, as it prepares to introduce its […]
The need for new financing strategies and improved access to global capital markets for development finance has become more pressing than ever. As a result, Africa requires an additional $1.3 trillion per year to make meaningful progress toward the Sustainable Development Goals (SDGs), according to experts. In response to this […]
ddis Ababa, September 6, 2024 (FBC) – The foreign exchange market gap with parallel market price has significantly declined from 100 to 4 percent in a single month following the implementation of the macroeconomic reform policy, National Bank of Ethiopia (NBE) Governor Mamo Mihretu said. In the launching ceremony of […]
At the opening ceremony of the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), Chinese President Xi Jinping delivered a keynote address emphasizing the need for strengthened partnerships between China and African nations. The summit, attended by heads of state and government from various African countries, marks a significant […]
Addis Ababa, September 5, 2024 (FBC) – The implementation of comprehensive and robust reforms in Ethiopia has been instrumental in driving the growth of the manufacturing sector in recent years, according to Minister of Industry Mr. Melaku Alebel. A forum was held today in Addis Ababa, bringing together stakeholders from […]