Addis Ababa, January 12, 2023 (FBC) – Ethio Telecom announced on Thursday that its half-year revenues rose 20% to 33.8 billion birr ($632.99 million). The CEO of Ethio Telecom, Frehiwot Tamru, made a statement regarding the performance of the first half of the current financial year. According to the CEO, […]
Opportunities
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Leadership of the Ethiopian Industrial Parks Development Corporation (IPDC) had discussions with Türkiye’s SAMPA Automotive which is interested to invest in Ethiopia. SAMPA Automotive has expressed interest in manufacturing in industrial parks in Ethiopia. In their discussion, they exchanged detailed basic ideas on the infrastructures, investment options and multi-faceted services […]
Addis Ababa, January 10, 2023 (FBC) – Ethiopian Airlines will next month lift capacity on its China flights and restore frequencies to pre-pandemic levels from the start of March following the recent easing of Covid travel restrictions in the Asian country. This will mark returning to the pre-COVID19 levels on […]
Addis Ababa, January 10, 2023 (FBC) – The Ethiopian Industrial Parks Development Corporation (IPDC) announced that Hawassa Industrial Park has generated 32 million USD in the last three months. IPDC’s Head of Marketing and Communication Department, Zemen Junedi, told Fana Broadcasting Corporate that, after the Pretoria peace agreement, industrial parks […]
Addis Ababa, January 4, 2022 (FBC) – Ethiopian Airlines has put the newly-built Terminal I of Bole International Airport, part of an expansion project, into operation. The terminal is built by China Communications Construction Company (CCCC) at 16,689m2 of land area. The newly-built terminal is said to play a pivotal […]
Addis Ababa, December 20, 2022 (FBC) – More than 615 million USD has been earned from coffee export over the past five months, according to the Ethiopian Coffee and Tea Authority. The Authority’s Deputy Director-General, Shafi Oumar said that the foreign currency was obtained by exporting over 109,000 tons of […]
Addis Ababa, December 20, 2022 (FBC) – The modern dry port built to facilitate the activities of the Dire Dawa Free Trade Zone has already begun handling of more than 150 trucks on daily basis, according to the Ethiopian Shipping and Logistics Service Enterprise (ESLSE). It is to be recalled […]
Addis Ababa, December 19, 2022 (FBC) – Ethiopian Airlines expects its passenger business to return to pre-pandemic levels in its current financial year ending in June, said Mesfin Tasew, CEO of the Airline. Ethiopian Airlines, Africa’s biggest carrier, will ferry 12.7 million passengers during the year, Mesfin Tasew Bekele said […]
Addis Ababa, December 19, 2022 (FBC) – The Ethiopian Agricultural Authority (EAA) announced that over 41 million USD was earned from meat products exported to the foreign market in the last five months. The Authority indicated that it is working to supply 28,000 tons of meat products to the foreign […]
Addis Ababa, December 16, 2022 (FBC) – Ambassador of Ethiopia to Japan, Tefera Derbew discussed with Vice President of Mitsubishi Corporation, Tetsuya Shinohara on burgeoning investment opportunities in Ethiopia. The two exchanged views on Mitsubishi Corporation’s activities in Ethiopia particularity in the Tulu Moye Geothermal Power Project II and explored […]
Addis Ababa, December 15, 2022 (FBC) – The Ethiopian Embassy in London has announced that it is hosting the first Ethiopian Coffee Exhibition in the capital of the United Kingdom, on December 17. Ethiopia is one of the world’s leading producer, consumer, and exporter of coffee, and coffee, the country’s […]
Addis Ababa, December 13, 2022 (FBC) – Ethiopian Airlines Group wants to almost double its fleet over the next 12 years and expand its global network as Africa’s largest carrier seeks to better compete with other international carriers linking passengers between Asia, the Americas and Europe, according to Bloomberg’s report. […]