Nexara

The Commercial Bank of Ethiopia (CBE), the country’s largest state-owned bank, is set to receive its first major loan from the World Bank. The USD 650 million performance-based loan is part of the World Bank’s Financial Sector Strengthening Project, which aims to bolster CBE’s financial capacity and support the government’s broader economic reform agenda. According …

Commercial Bank of Ethiopia to Secure Major World Bank Loan Read More »

The Ministry of Agriculture announced that Ethiopia has produced 6.3 billion chicken eggs and 192,000 tons of fish in the first nine months of the current fiscal year under the Lemat Tirufat Program. Launched in 2022 the Lemat Tirufat Program aims to boost agricultural productivity, enhance food security, and modernize the food system. According to …

Ethiopia: Ministry of Agriculture Reports Strong Gains in Poultry and Fish Production Read More »

The establishment of China Chamber of Commerce to Africa marked a significant milestone in the economic and trade cooperation between China and Africa, China Head of Mission to the African Union, Ambassador Hu Changchun said. The Head of Mission made the remarks during the inauguration ceremony held last night in Addis Ababa. The chamber intends …

China Inaugurates Chamber of Commerce to Africa Read More »

Prime Minister Abiy Ahmed has inaugurated the Mesob One-Stop Service Center as part of commitment to addressing the areas that cause frustration for citizens in service administration. “Addressing the areas that cause frustration for our citizens in service administration is a priority for us. Today, we inaugurated the Mesob One-Stop Service Center as part of …

PM Abiy Inaugurates Mesob One-Stop Service Center to Improve Service Administration Read More »

Minister of Agriculture, Girma Amente, the Secretary General of Khalfa International Award for Date Palm and Agricultural Innovation of the United Arab Emirates, Abdelouahhab Zaid, discussed on the ways of working together on palm production. Ethiopia is set to host the inaugural International Date Palm Festival this year, following a collaborative agreement signed between the …

Ethiopia, UAE Agree to Collaborate on Palm Production Development Read More »

Ethiopia’s Finance Minister Ahmed Shide conferred with the International Finance Corporation (IFC) of the World Bank Group on the margins of the 2025 World Bank –IMF Spring Meetings. In its press release sent to ENA, the high-level Ethiopian delegation, led by Minister Ahmed Shide, had fruitful exchanges with IFC’s Managing Director, Makhtar Diop and discussed …

IFC hails Ethiopia’s efforts to create enabling environment for investment Read More »

Ethio telecom CEO Ms. Frehiwot Tamru held a strategic meeting on Wednesday with a Visa Inc. delegation led by Mr. Michael Berner, Senior Vice President and Head of the South and Eastern Africa Regions, to explore enhanced collaboration opportunities in international digital financial services. During the discussion, the performance of Ethiopia’s first wallet-based Virtual Visa …

Ethio telecom and Visa strengthen partnership to shape Ethiopia’s digital future Read More »

China’s Vice-Chairman of CPPCC Gao Yunlong has reaffirmed China’s interest in expanding mutually beneficial economic ties as Chinese businesses see Ethiopia as a strategic destination for investment in Africa. A high-level delegation led by Gao Yunlong, Vice-Chairman of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), Chairman of the All-China Federation …

Chinese Businesses See Ethiopia as Strategic Destination for Investment in Africa   Read More »

Lemi National Cement has emerged as a major player in Ethiopia’s cement industry, producing up to 15,000 tons of cement daily at its factory, located near the town of Lemi in Ensaro district, Amhara region. Since reaching full production in September, the factory has supplied over 12 million quintals of cement to the market in …

Ethiopia: Lemi National Cement Achieves Daily Production Capacity of 15,000 Tons Read More »

Embraer, a Brazilian multinational aircraft manufacturer, has expressed keen interest in exploring investment opportunities across Ethiopia’s growing aviation sector. The company’s executives, accompanied by the Deputy Ambassador of Brazil to Ethiopia, Jackson Lima, were received by Alemu Sime, Ethiopia’s Minister of Transport and Logistics. During the meeting, the minister emphasized the Ethiopian government’s strategic focus …

Brazilian Aircraft Manufacturer Expresses Interest in Exploring Investment opportunities in Ethiopia Read More »