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 …
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 »
Ambassador Tefera Derbew and Deputy Head of Mission Ambassador Dewano Kedir had a productive meeting with Mr. Guo Huaigang, Chairperson of the China Council for the Promotion of International Trade (CCPIT), in Beijing. In June this year, a delegation of 30 companies led by Chairperson Guo visited Ethiopia and met with high-level government officials. They …
Ethiopian Envoy, CCPIT Chair Discuss Progress Of Recent Agreements Read More »
In a ceremony attended by key stakeholders, Gelila Manufacturing, a local company, laid the foundation stone for its bus assembly plant at the Mekele Industrial Park, Mekele city, capital of Tigray region. The facility, which spans 31,000 square meters of leased land, will assemble various types of buses with an investment capital of 564 million …
Ethiopian Company Called Gelila Manufacturing To Build Bus Assembly Plant In Mekele Read More »
The groundwork for the much-anticipated cool chain logistics system will be laid in Mojo Green Logistics Hub very soon, Capital has learned. A few years ago, a proposal was created to incorporate a new export category for agricultural products. A national logistics initiative called Cool Port Addis aims to establish supply networks for perishable goods …
$50 million cool chain logistics hub to launch in Mojo Read More »
Poland is working to enhance its cooperation with Ethiopia across various fields, including the economy, according to Przemysław Bobak, the Polish Ambassador to Ethiopia. Although relations between Ethiopia and Poland began in the 1920s, official diplomatic ties were established in 1945. Emperor Haile Selassie I’s visit to Poland in 1963 is considered a significant milestone …
Poland Seeks to Strengthen Economic Partnership with Ethiopia Read More »
South Sudan Agree to Build Alternate Oil Pipeline Route South Sudan and neighboring Ethiopia have agreed to enhance border security and trade by building alternate oil infrastructure. One of the important resolutions is the understanding reached by the two sides is the agreement on infrastructure development. it has been agreed to work together to mobilize …
South Sudan Agree to Build Alternate Oil Pipeline Route Read More »
The assets managed by the Public Enterprises Holding and Administration Agency have reached Birr 1.7 trillion. The organizations have achieved a profit of eight billion birr and created employment opportunities for 20,000 citizens. Habtamu Hailemichael, Director General of the Agency, highlighted that Birr 604 million from these profits have been allocated to social responsibility initiatives. …
Ethiopia: Public Enterprises’ Assets Soar to Birr 1.7 Trillion Read More »
In a ceremony attended by key stakeholders, Gelila Manufacturing, a local company, laid the foundation stone for its bus assembly plant at the Mekele Industrial Park in Mekele city, the capital of the Tigray region. The facility, which spans 31,000 square meters of leased land, will assemble various types of buses with an investment capital …
Ethiopia: Gelila Manufacturing Lays Foundation Stone for Bus Assembly Plant in Mekele Read More »
As part of the government’s high priority to expedite industrial development in Ethiopia, the manufacturing sector has been receiving loans in billions of Birr to expand their investment, Minister of Industry, Melaku Alebel revealed. The minister said the attention given to the ‘MadeInEthiopia’ Movement, both at the federal and regional state level has played a …