Nexara

The Commercial Bank of Ethiopia (CBE) has announced that its total assets have climbed to 2.3 trillion birr, marking a major milestone in the bank’s continued expansion and market dominance. The growth comes as CBE’s customer base exceeds 43.1 million, underscoring its unmatched reach in the Ethiopian financial sector. The announcement was made at the …

CBE’s Total Assets Reach 2.3 Trillion Birr as Customer Base Surpasses 43 Million Read More »

Ethiopian Airlines, Africa’s largest carrier and one of the world’s fastest-growing airline brands, has officially launched its first direct passenger service to Hanoi, Vietnam, marking a new chapter in its global expansion. The inaugural flight, which took off today from Addis Ababa, will operate four times per week and is expected to significantly enhance connectivity …

Ethiopian Airlines launches first-ever direct flight to Hanoi, expanding reach in Southeast Asia Read More »

A new tourism website aimed at enhancing the digital presence of Ethiopia’s travel sector has officially been launched. Developed by the Information Network Security Administration (INSA) in partnership with the Ministry of Tourism, the platform is designed to serve as a one-stop hub for both local and international tourists. The website offers information on tourist …

Ethiopia Launches New Tourism Website to Boost Sector Digitization Read More »

A significant agricultural collaboration between China and Ethiopia is rapidly modernizing Ethiopia’s farming industry and fostering mutual prosperity, according to a leading Chinese expert. Wen Liming, a specialist in veterinary science and dairy production, highlighted that this groundbreaking partnership is swiftly transforming Ethiopia’s agricultural sector. The collaboration aligns with the core principles of the 2024 …

Ethio-China Agricultural Alliance Strengthens Modernizing Farming, Empowers Farmers: Chinese Expert Read More »

The Ethiopian Coffee and Tea Authority has announced that the country earned more than USD 2.24 billion in revenue from coffee exports over the past 11 months. According to Sahlemariam Gebremedhin, the Authority’s Public Relations and Communications Executive, Ethiopia initially planned to export around 280,000 tons of coffee during the fiscal year. However, actual exports …

Ethiopia’s Coffee Exports Generate USD 2.24 Billion in 11 Months Read More »

Ethiopia’s much-anticipated Securities Exchange (ESX) will officially commence trading next week. Following successful pilot transactions, the exchange is now fully operational and poised to transform investment opportunities and economic growth. Since its establishment in October 2023, the ESX has drawn strong interest from local and international investors. Its capital raising campaign in November 2023 secured …

Ethiopia’s Securities Exchange to Begin Trading Next Week Read More »

 President Taye Atske Selassie urged American companies to invest in various areas of the Ethiopian agricultural sector, with the goal of fostering mutually beneficial commercial partnerships. President Taye Atske Selassie took part in a panel discussion entitled “Strengthening U.S.-Africa Collaboration in the Agri-food Sectors” during the U.S.-Africa Business Summit underway in Luanda, Angola. He was …

President Taye Calls on Companies in USA to Invest in Ethiopian Agricultural Sector Read More »

Ethiopia has started exporting electricity to Tanzania through Kenya for the first time on a trial basis, according to an announcement by Ethiopian Electric Power. Moges Mekonnen, Director of Corporate Communications at Ethiopian Electric Power, explained that this followed the signing of an electricity supply agreement between Ethiopia and Tanzania. A transmission line with a …

Ethiopia Begins Trial Electricity Exports to Tanzania via Kenya Read More »

The Ministry of Finance signed public-private partnership (PPP) agreements with seven private developers to launch new projects in affordable housing, tourism, and healthcare. The agreements include four affordable housing projects by Ice Home Development and Construction PLC, Ovid Chaka Housing Development PLC, Ovid Kings Tower Housing Development PLC, and the Ethiopian Construction Works Corporation. In …

Ethiopia Signs PPP Agreements to Boost Housing, Tourism, and Health Sectors Read More »

The Government of Ethiopia and the World Bank have signed a financing agreement worth USD 1 billion under the Second Sustainable and Inclusive Growth Development Policy Operation (DPO). The package includes both a grant and a concessional loan. In a statement released today, the Ministry of Finance highlighted that this critical operation demonstrates the World …

Ethiopia Secures USD 1 Billion Financing Agreement with World Bank to Boost Reform Efforts Read More »