Nexara

Ethiopia’s Ministry of Finance and the World Bank signed a 700 million USD loan agreement to support the implementation of the Financial Sector Strengthening Project, which aims to enhance the stability and sustainability of Ethiopia’s financial sector. The agreement was signed by Ahmed Shide, Minister of Finance, representing the Government of Ethiopia, and Maryam Salim, …

Ethiopia, World Bank Sign 700 Million USD Financing Agreement to Strengthen Financial Sector Read More »

The Ministry of Trade and Regional Integration has announced plans to implement a trade policy within the next year. The policy aims to address trade imbalances, strengthen monitoring and enforcement against illegal trade, and create a balanced supply and demand system in the country. Speaking at a stakeholder consultation forum, Minister of Trade and Regional …

Ethiopia Prepares to Implement a Trade Policy Read More »

On the back of robust Ethiopia-Qatar ties and its strategic location as a gateway to the African continent, the country is looking to attract FDI, particularly investments from Qatar in various sectors, Ethiopian ambassador Faisal Ali Ibrahim has said. “Ethiopia stands as a beacon of growth and resilience on the African continent. With a population …

Ethiopia is a strategic hub for Qatari investments, says envoy Read More »

The Ministry of Trade and Regional Integration has expressed that macroeconomic reform has yielded significant results in combating illicit trade. Trade and Regional Integration Minister, Kasahun Gofe highlighted that the comprehensive macroeconomic reforms implemented by the Ethiopian government since July have produced notable results in the fight against illegal trade and contraband, according to him. …

Ethiopia’s macroeconomic reforms yield significant results in combating illicit trade Read More »

 Ethiopia has secured over 1 billion USD from gold exports in the last five months, a development attributed to the recent macroeconomic reforms, according to the Ministry of Trade and Regional Integration. The third National Anti-Illicit Trade Summit, organized by the Ethiopian Chamber of Commerce and Sectoral Associations, was held in Addis Ababa today. Opening …

Ethiopia secures $1 billion revenue from gold export in 5 months – MoTRI Read More »

ZamZam Bank announced a pre-tax profit of Birr 148 million for the 2023/24 fiscal year. The bank’s total income for the year exceeded Birr 850 million. During its general shareholders’ meeting, Board Chairman Nasser Dino (PhD) highlighted the bank’s achievements across key performance indicators. Deposits grew by 38% compared to the previous year, reaching Birr …

Ethiopia: ZamZam Bank Reports Birr 148 Million Pre-Tax Profit Read More »

Industrial Parks Development Corporation (IPDC) has announced the transfer of over 90% of its 177 manufacturing sheds across 13 industrial parks to investors, contributing to job creation and economic growth. The transfers have generated over 100,000 jobs, with efforts underway to create even more opportunities. Each shed, some spanning up to 1.1 hectares, is designed …

Ethiopia: IPDC Transfers Over 90% of Manufacturing Sheds Read More »

South Ethiopia Regional State is gearing up to export banana products to the Middle East, announced Haliemariam Tesfaye, Head of the State’s Agricultural Bureau. Preparations are underway to supply bananas to Middle Eastern markets while expanding exports to neighboring countries such as Sudan, Somalia, and Djibouti. The State’s favorable climate supports extensive banana cultivation, with …

South Ethiopia Prepares to Export Banana Products to Middle East Read More »

Ethiopian Airlines has received the “Close Collaboration Award” from Guangzhou Baiyun International Airport. This recognition underscores the Airline’s strong partnership, which has driven operational efficiency and elevated service delivery. Currently, Ethiopian Airlines operates 10 weekly passenger flights from Guangzhou Baiyun International Airport, reaffirming its commitment to offering seamless travel experiences. “We extend our heartfelt gratitude …

Ethiopian Receives ‘Close Collaboration Award’ from Guangzhou Baiyun Int’l Airport Read More »