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We had the honor of welcoming Moussa Faki Mahamat, African Union Commission Chairperson at the Ethiopian state-of-the-art facility today, according to the Ethiopian Airlines Group. Moussa Faki’s visit also incorporated a discussion with our Group CEO MesfinTasew and other executive management members, it said. It added that as the Pan-African airline that played a significant …

AUC Chairperson Moussa Faki Pays Visit to Ethiopian State of the art Facility Read More »

Ethiopia has secured over 6 billion US dollars in remittance during the concluded fiscal year, Ethiopian Diaspora Service disclosed. The remittances to Ethiopia have reached an unprecedented level, exceeding six billion USD in the 2023/24 fiscal year and marking a substantial increase in foreign currency inflows to the country, according to the Ethiopian Diaspora Service. …

Ethiopia’s Annual Remittances Surpass 6 Billion USD Read More »

Indonesia’s Ambassador to Ethiopia, Al Busyra Basnur, said that he is surprised by the ongoing magnificent development in Addis Ababa since his arrival at the capital city about five years ago. Recall that the Government of Ethiopia has been exerting efforts to transform Addis Ababa’s appearance and establish a solid foundation for building a modern …

Ambassador Surprised by Magnificent Change in Addis Ababa Read More »

The inaugural East Africa Infrastructure and Water Expo is to be conducted in Addis Ababa, Ethiopia in the upcoming June 2025 which will prioritize infrastructure advancement. In its press release sent to ENA, Big 5 Construct Ethiopia revealed that the new event is designed to encourage conversation, collaboration, and innovation in the critical field of …

Addis Ababa to Host East Africa Infrastructure and Water Expo Read More »

Ethiopia’s Finance Minister Ahmed Shide discussed with UN Economic Commission for Africa (ECA) Executive Secretary Claver Gatete the upcoming preparatory meeting for the 4th Conference on Financing for Development. According to the Ministry of Finance, the conference is scheduled for July 22-26, 2024, in Addis Ababa. The conference will focus on reinforcing Africa’s collective interests, …

Finance Minister, ECA Chief Confer on Upcoming Conference on Financing for Dev’t Read More »

The Ethiopian Embassy in New Delhi, in collaboration with the Associated Chambers of Commerce and Industry of India (ASSOCHAM), organized a Business Forum to explore and promote business and investment opportunities in Ethiopia. Deputy Head of Mission Ambassador Bizunesh delivered a keynote speech highlighting the ample business and investment opportunities in Ethiopia. A comprehensive presentation …

Indian Companies Engaged In Pharmaceuticals, Agriculture Sectors To Explore Opportunities In Ethiopia Read More »

State-owned Ethio Telecom has announced a record performance for the fiscal year 2023/2024, reporting a substantial revenue increase of 21.7% to reach Birr 93.7 billion. This represents a Birr 16.7 billion surge over the previous year, surpassing the company’s targets by 103.6%. CEO Frehiwot Tamiru unveiled the company’s financial results, highlighting a net profit of …

Ethiopia: Ethio Telecom Posts Record Revenue Read More »

The Ethiopian Coffee and Tea Authority (ECTA) announced that 46,000 tons of coffee were shipped abroad in June, generating USD 218 million in revenue. The fiscal year also saw a significant export of coffee. The country exported a total of 298,500 tons of coffee throughout the year, exceeding the previous year’s figures by 20%. This …

Ethiopia Exports 46,000 Tons of Coffee in June Read More »

The Ministry of Trade and Regional Integration announced adjustments to fuel prices, effective July 10, 2024. According to the Ministry, this decision comes in response to rising global oil prices. The price hike applies to gasoline, kerosene, white diesel, light black diesel, and heavy black diesel. Jet fuel prices remain unchanged. Here’s a breakdown of …

Ethiopia: Ministry Adjusts Fuel Prices Read More »

Ethio Telecom, Ethiopia’s leading telecommunications provider has released its annual performance report for the 2023/24 fiscal year, showcasing impressive growth across key metrics. The report, covering the period from July 1, 2023, to June 30, 2024, highlights the company’s continued success in expanding its digital services and strengthening its market position. Ms. Frehiwot Tamiru, CEO …

Ethio Telecom Generates Total Revenue Of 93.7B Birr During Concluded Ethiopian FY Read More »