Addis Ababa, February 24, 2025 (FMC) – Ethiopia’s Minister of Trade and Regional Integration Kassahun Gofe (PhD) has recommended strategies to further strengthen the existing trade relations between his country and China. Promoting trade and business engagement between the two nations was the agenda for discussion during a meeting between […]
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Addis Ababa, February 22, 2025 (FMC) — Ethio-Djibouti Railway service (EDR) has announced the launch of an online ticket booking service for its passengers. The company’s CEO Engineer Takele Uma announced today on his social media page that starting from February 24, 2025, passengers will be able to book and […]
Addis Ababa, February 20, 2025 (FMC) — Ethiopia’s Minister of Planning and Development, Fitsum Assefa, and State Minister Bereket Tesfamarim met with Mr. Maxim Reshetnikov, Russia’s Minister of Economic Development, to discuss expanding economic cooperation between the two nations. Fitsum, highlighted Ethiopia’s commitment to deepening economic ties with Russia through […]
Addis Ababa, February 20, 2025 (FMC) – Six local and international investors, collectively contributing over $60 million, have officially launched construction and machinery installation at the Bole Lemi Special Economic Zone (SEZ). These investors recently entered into service level agreements with the Industrial Parks Development Corporation (IPDC). Feseha Yetgesu (PhD), […]
Addis Ababa, February 19, 2025 (FMC) – UK Deputy Prime Minister (DPM) Angela Rayner emphasized the importance of products being produced in an environmentally sustainable manner while upholding quality standards. She made these remarks during a meeting with the CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), Feseha Yetgesu […]
Ethiopia has announced plans to permit foreign banks from friendly nations to invest in its financial sector, representing a significant shift in the country’s banking policy. However, the highly anticipated bill, revised two months ago, has yet to be officially published. Under the newly adopted banking business proclamation, international banks […]
Doraleh Container Terminal Management Company (SGTD), a leading regional port operator, has made a significant move to enhance operational efficiency with the arrival of 10 new rubber-tyred gantry (RTG) cranes. These cranes, which will be commissioned soon, are anticipated to greatly improve the terminal’s capacity and service quality. In a […]
Addis Ababa, February 16, 2025 (FMC) — The Ethiopian Securities Exchange (ESX) has signed a Memorandum of Understanding (MoU) with the Rwanda Stock Exchange (RSE) to foster collaboration and strengthen cooperation between the two institutions to enhance the overall efficiency and sustainability of capital markets in the region. This strategic […]
Addis Ababa, February 11, 2025 (FMC) – Today, Ethio Telecom, in its bold initiative to stepping toward supporting Ethiopia’s growing electric vehicle (EV) ecosystem, has unveiled its newly built ultra-fast EV charging station in Addis Ababa. This initiative aligns with our company’s vision as a leading digital solutions provider and […]
Addis Ababa, February 10, 2025 (FMC) – Ethiopia’s Common Market for Eastern and Southern Africa (COMESA) membership significantly enhances its investment appeal, according to the country’s Investment Commission. This 21-member economic community, with a population exceeding 640 million, a combined GDP of 1 trillion USD, and 383 billion USD in […]
Addis Ababa, February 8, 2025 (FMC) – The Ethiopian Investment Commission (EIC) Chief Commissioner Mr. Zeleke Temesgen disclosed that the Commission has identified 2,507 major international companies as key targets for investment in Ethiopia, marking a strategic shift in the country’s approach to attracting foreign direct investment (FDI). This move […]
Addis Ababa, February 7, 2025 (FMC) – Pakistan values Ethiopia as a great trading partner and political fiend in Africa, according to Basit Saleem Shah, Minister of Trade and Investment – Commercial Wing of the Embassy of Pakistan to Ethiopia. The Commercial Wing of the Embassy hosted a pre-event promotion […]