Addis Ababa, July 8, 2024 – In a ceremony attended by key stakeholders, Gelila Manufacturing, a local company, laid the foundation stone for its bus assembly plant at the Mekele Industrial Park, Mekele city, capital of Tigray region. The facility, which spans 31,000 square meters of leased land, will assemble […]
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MOSCOW, July 7 (Sputnik) – Many Italian companies are ready to continue working in Russia, but they want to trade in euros, Italian-Russian Chamber of Commerce (IRCC) President Ferdinando Pelazzo told Sputnik. “In Italy, not all Italians are ready to accept payment in yuan or other currencies. Most Italian companies […]
Addis Ababa, July 4, 2024 (FBC) – Ethiopia has taken a major leap forward in the 2023/24 fiscal year amid natural and man-made global and local challenges, according to Prime Minister Abiy Ahmed. The Prime Minister made this remark at the 36th regular session of the FDRE House of People’s […]
Ethiopia’s economic situation is characterized by both strengths and challenges. Here are some key points based on the search results: It’s important to note that the information provided is based on the search results and may not capture the most up-to-date developments in Ethiopia’s economic situation.
Despite a shortage of containers slowing down the process, Ethiopia manages to fill more than half of its containerized export cargo with locally staffed containers. According to the Ministry of Transport and Logistics (MoTL), over 22,400 TEU export cargos packed locally were sent out in the first nine months of […]
Addis Ababa, July 3, 2024 (FBC) – A significant breakthrough has been achieved as Ethio Engineering Group and Italian steel firm Danieli Co., Ltd. have signed an agreement to revive the stalled Nekemte Steel Processing project. The agreement was signed by Ambassador Suleiman Dedefo, Chief Executive Officer of Ethio Engineering […]
Addis Ababa, July 2, 2024 (FBC) – The Ethiopian Ministry of Trade and Regional Integration (MoTRI) in collaboration with the Policy Studies Institute (PSI) with support from the United Nations Economic Commission for Africa (ECA) organized a National Forum for the development of National African Continental Free Trade Area (AfCFTA) […]
Addis Ababa, July 1, 2024 (FBC) – The Ethiopian Coffee and Tea Authority has called on investors to participate in the burgeoning tea sector. The initiative to expand tea leaf production in Ethiopia, which began three years ago under Prime Minister Abiy Ahmed’s leadership, has shown promising results. Inspired by […]
Addis Ababa, July 1, 2024 (FBC) – Chemical Industry Corporation disclosed that it has secured 5 billion Birr in revenue from its industrial chemical input products over the past eleven months. Given the government’s priority, Ethiopia has been becoming an attractive destination for chemical trade. In this regard, the country’s […]
Addis Ababa, July 3, 2024 (FBC) – The Office of the Prime Minister announced today that Prime Minister Abiy Ahmed (PhD) has made several appointments to the ministries of Culture & Sports and Trade & Regional Integration Accordingly, Ms. Shewit Shanka has been named as the new Minister of Culture […]
Ababa, June 30, 2024 (FBC) – The recent opening up of the Ethiopian economy for foreign investors allows companies to feel more secure and more organized, French Ethiopia Chamber of Commerce and Industry Chairman Olivier Poujade said. In an exclusive interview with ENA, the chairman stated that the opening up […]
Addis Ababa, June 26, 2024 (FBC) – A delegation led by Deputy Commissioner of Ethiopian Investment Commission (EIC), Zeleke Temesgen, is participating in the Common Market for Eastern and Southern Africa (COMESA) Investment Forum in Tunis, Tunisia. This year’s Forum is being held from 25th to 28th of June under […]