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Import substitution has registered remarkable results in the concluded Ethiopian fiscal year, Industry Minister Melaku Alebel remarked. Discussion is underway on the annual performance review of the Industry Ministry and plans for the 2024/25 (2017 E.C) fiscal year in Hawassa. Speaking on the occasion, the minister pointed out that great achievements were gained in import …

Ethiopia’s stride to enhance import substitution encouraging: Industry Minister Read More »

 Ethiopian Electric Power (EEP) has announced that it is planning to earn over 300 million US dollars by expanding access to the sale of power to other countries in the current fiscal year. In the last financial year, 20, 522 gigawatt hours of energy were generated from water, wind, and solid waste, said Ashebr Balcha, …

EEP eyes over $300 million income from export of power Read More »

The Enkopa Summit Organizing Committee has announced the postponement of the annual event, which was originally slated for this year. In light of ongoing economic challenges, particularly following the recent foreign exchange reforms implemented on July 29th, the committee has made the difficult decision to reschedule the summit for October 9 and 10, 2025. “Although …

Ethiopia: Enkopa Summit Rescheduled to 2025 amid Foreign Exchange Reform Concerns Read More »

The Ethiopian Capital Market Authority (ECMA) is to introduce a regulatory sandbox in two weeks, opening the door for financial technologies with disruptive business models. Currently not supported by existing regulations and operating in a controlled environment with temporary licenses, the Authority is expected to allow security brokers, dealers, investment banks, and other capital market …

The Ethiopian Capital Market Authority (ECMA) is to introduce a regulatory sandbox in two weeks Read More »

An International Tourism, Culture, and Trade Show aimed at promoting Ethiopian agricultural products will take place in Abu Dhabi from November 1 to 3, 2024. Organized by Gold Land Trading in collaboration with the Ethiopian Embassy in Dubai, the event seeks to connect Ethiopia’s agricultural goods to global markets while highlighting the nation’s rich cultural …

Abu Dhabi to Host International Tourism, Culture, and Trade Show Promoting Ethiopian Agricultural Products Read More »

Ethiopia secured USD 140 million from energy exports in the recently concluded Ethiopian fiscal year, marking a 16 percent increase from the previous year. A 17 percent increase was registered in domestic energy demand compared to last year. In a press briefing on the annual performance, the CEO of Ethiopian Electric Power (EEP) Ashebir Balcha …

Ethiopia Achieves USD 140 Million in Energy Export Revenue Read More »

Wegagen Bank, in collaboration with Visa Inc., has launched its International Prepaid Visa Card service, allowing customers, embassy staff, and international organization employees to make global payments without carrying cash. The launch event took place at the Planet Hotel in Mekelle and was attended by distinguished guests, including Atsbeha G/Egziabher (PhD), Head of the Bureau …

Ethiopia: Wegagen Bank Launches Pre-Paid Visa International Payment Card Read More »

Ethiopian Airlines Group is set to harness its logistics hub to distribute products for AliExpress, the Chinese online retail giant. The official launch of AliExpress in Ethiopia will take place on August 22, 2024, at Skylight Hotel, Airport Road. Senior executives from both companies are expected to attend this significant event. AliExpress, part of the …

Ethiopian Airlines Partners with AliExpress to Boost E-Commerce in Ethiopia Read More »

Ethiopian Electric Power (EEP) has signed an agreement with Kurmuk Gold Mine Private Limited Company (Kurmuk PLC) to supply electricity for the mining company’s operations. The agreement was formalized in a signing ceremony attended by EEP’s Chief Executive Officer, Engineer Ashebr Balcha, and the General Manager of Kurmuk PLC, Broks Worku. The partnership is set …

Ethiopian Electric Power and Kurmuk Gold Mine Sign a 12-Year Agreement for Power Supply Read More »

The Ministry of Trade and Regional Integration has announced the organization of a national trade exhibition, set to take place from August 25 to 29, 2024, at its headquarters. The event, themed “Buy Ethiopian Products,” aims to raise awareness on trade and regional issues while fostering connections between consumers and sellers. The exhibition will feature …

Ethiopia: Ministry of Trade and Regional Integration to Host National Trade Exhibition Read More »