Nexara

The Ministry of Trade and Regional Integration has reported that Ethiopia earned $1.5 billion from gold exports in the first half of the current fiscal year. In a recent social media update, Trade and Regional Integration Minister Kassahun Gofe highlighted Ethiopia’s rich diversity in topography and climate, which provides significant opportunities for various products in …

Ethiopia earns $1.5 billion from gold exports in six months Read More »

Orange Middle East and Africa (MEA) Business Group has expressed admiration for Telebirr and its comprehensive approach to enhancing the digital ecosystem, commending its potential to become a beacon of digital innovation across Africa. A high-level delegation led by Brelotte Ba, Deputy CEO of Orange MEA, visited Ethio Telecom to gain insights into the development …

Orange MEA commends Ethiopia’s digital innovation potential Read More »

The Ministry of Agriculture has announced that Ethiopia’s tractor plowing rate has risen from 5.7% in 2020 to 25%, marking a development in agricultural mechanization. Eshetu Hunde, Executive Director of the Agricultural Mechanization Division, attributed the progress to government reforms and increased access to agricultural technologies. He emphasized the importance of expanding mechanization through investors …

Ethiopia Sees Growth in Agricultural Mechanization Read More »

The Ethiopia-Japan Trade and Investment Symposium opened today in Addis Ababa with the participation of various stakeholders, the Ethiopian foreign ministry disclosed. On the occasion, State Minister of Foreign Affairs Ambassador Mesganu Arga stated that the bilateral relation between Ethiopia and Japan is strong and historic, stressing the need to further enhance business and trade …

Ethiopia-Japan trade and investment symposium opens in Addis Ababa Read More »

The CEO of the Industrial Parks Development Corporation of Ethiopia (IPDC), Fisseha Yitagesu (PhD) stated that his corporation is looking to tap into the vast experience of the Japan Development Institute (JDI) in developing special economic zones in his country. The IPDC chief disclosed the intent to work closely with JDI during his meeting today …

Japan Dev’t Institute touts Ethiopia as conducive to develop Special Economic Zones Read More »

Commissioner Zeleke Temesgen (PhD), Commissioner of the Ethiopian Investment Commission (EIC), held a meeting today with representatives of Trafigura, the world’s second-largest private oil and metal trading Group. During the meeting, Commissioner Zeleke highlighted the significant investment opportunities available in Ethiopia that align with Trafigura’s portfolio. He emphasized the favorable investment climate in the country, …

Trafigura keen on enhancing its engagement in Ethiopian economy Read More »

Dire Dawa is witnessing a surge in investment activity, with investors who registered capital exceeding Birr 60 billion during the first half of the fiscal year now commencing operations, according to the city’s Commerce, Industry, and Investment Bureau. The investments span manufacturing, services, agriculture, and construction sectors, collectively expected to create over 34,000 jobs. Deputy …

Ethiopia: Investors with Over Birr 60 Billion Capital Begin Operations in Dire Dawa Read More »

The Oromia Coffee Farmers’ Cooperative Union has generated €1,794,934 from carbon credit sales. Union General Manager Dejene Dadi told the Ethiopia Press Agency (EPA) that the income was secured by encouraging member farmers to adopt renewable energy sources and fuel-efficient stoves, thereby reducing carbon emissions. Between 2022 and 2023, the union sold 97,222 tons of …

Ethiopia: Oromia Coffee Farmers’ Union Earns Over €1.7 Million from Carbon Credit Sales Read More »

Ethio Telecom announced its customer base has reached 80 million, driven by its efforts to enhance financial inclusion and support Ethiopia’s national development. Speaking at the launch of ZTE Corporation’s Nubia Focus Pro 5G smartphone, Ethio Telecom Chief Marketing Officer Seid Arega highlighted the company’s recent achievements. He noted that 4G networks have been installed …

Ethio Telecom Reaches 80 Million Customers Read More »

Ethiopia has earned USD 908 million from coffee exports over the past six months, exceeding its target, according to the Ethiopian Coffee and Tea Authority (ECTA). Deputy Director General of ECTA, Shafi Umer, announced that the country exported more than 200,000 tons of coffee during this period. He attributed the achievement to increased production and …

Ethiopia Earns USD 908 Million from Coffee Exports in Six Months Read More »