Ethiopian Electric Power (EEP) announced that it is working tirelessly on expanding electricity export to neighboring countries having secured 95.4 million USD selling power to Djibouti and Sudan. EEP Corporate Communication Director Moges Mekonnen told EPA that, over the past Ethiopian fiscal year, EEP provided neighboring countries with over 12,300 […]
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Ethiopian Airlines has signed a 787 Landing Gear Exchange Agreement with the Boeing Company. During the signing ceremony at the Farnborough Air Show FIA2022, Ethiopian Airlines CEO Mesfin Tasew said, “We are pleased to sign an agreement with Boeing for the repair and exchange service of Boeing 787 landing gears. […]
The Minister of Industry, Melaku Alebel participated in the 17th annual Indian Industries-EXIM Bank Conclave on India-Africa Growth Partnership which kicks-off today in New Delhi, India. The Minister, in addressing the Special Ministerial Session commended the commitment of the Indian Government to support Africa to create a unified and intertwined […]
Ethiopia has obtained a record-hit 1.4 billion USD from coffee export during the country’s 2021/22 fiscal year that was concluded on the 7th of July. The country has set an unprecedented record in terms of volume and revenue since it started exporting coffee to the world market, according to Ethiopian […]
July 14, 2022Ethiopia and Djibouti have signed a Memorandum of Understanding (MoU) on the utilization of the livestock terminal at Djibouti’s Doraleh Multi-Purpose Port. Minister of Agriculture Oumer Hussien and Minister of Agriculture, Water, Fisheries, Livestock, and Marine Resources of of Djibouti, Mohammed Ahmed Awaleh signed the MoU on Tuesday […]
Impack Corporation is envisaging to increasing the volume of its rose flower imports from Ethiopia by five-fold, from its current annual imports of two million stems of rose flowers, According to Ethiopian Embassy in Tokyo. Ethiopia’s Ambassador to Japan, Tefera Derbew has paid field visit to Impack corporation’s rose flowers […]
Foreign Direct Investment (FDI) to Ethiopia has shown improvement after a brief decline due to COVID-19 and security concerns, according to Ethiopian Investment Commission (EIC). Ethiopia attracted three billion USD in Foreign Direct Investment (FDI) in the just ended Ethiopian fiscal year. EIC Foreign Direct Investment and Promotion Director, Aschalew […]
Ethiopia has finalized preparations to open its first Free Trade Zone in Dire Dawa next month, Ministry of Transport and Logistics disclosed. A panel discussion about the Free Trade Zone (FTZ) to be established in Dire Dawa was held today. In her opening remark, Transport and Logistics Minister Dagmawit Moges […]
According to the United Nations Conference on Trade and Development (UNCTAD) latest world investment report, Ethiopia ranks among the top 5 Foreign Direct Investment (FDI) destinations in Africa in 2021 with 4.3 billion $. “This represents 79pct increase from 2020 and corresponds to almost half of all FDIs to East […]
Addis Ababa, June 16, 2022 (FBC) – Ethiopia has earned 1.2 billion U.S. dollars from coffee export during the first 11 months of the current 2021/2022 fiscal Year. Shafi Oumer, Deputy Director General of Ethiopian Coffee and Tea Authority, said the government is working to further boost coffee export revenue, […]
Addis Ababa, June 11, 2022 (FBC) – A steel mill with a capacity to melt 450 tons of iron has inaugurated in Dukem town, Oromia Region. The steel plant constructed by Tadash Steel Manufacturing Industry is also said to have a capacity to produce 600 steel bars on daily basis. […]
Addis Ababa, June 7, 2022 (FBC) – A delegation led by Endalew Mekonen, State Minister for Trade and Regional Integration of Ethiopia paid a visit to the port operation at Djibouti’s Doralleh Multi-Purpose Port on June 6, 2022. The working visit was jointly organized by the government of Djibouti, the […]