The Ethiopian Coffee and Tea Authority has revealed that a substantial 210,000 tons of coffee was exported to foreign markets within the last 10 months, generating 1 billion US dollars in revenue. Director General of the Authority, Adugna Debela, stated that Ethiopia’s export coffee production has been steadily increasing each year. Testament to this, in …
Coffee Exports Fetch US$1 Billion In Revenue Within 10 Months Read More »
Phibela Industrial PLC’s electric car assembly plant in Debre-Berhan City, Amhara region, was officially inaugurated and began operations early this morning. The inaugural ceremony was attended by several notable guests, including the chief administrator of the Amhara region, Mr. Arega Kebede, owner and CEO of Belayeh Kindie Group (BKG), Belayneh Kindie, and senior officials from …
Phibela Industrial Electric Car Assembly Plant Inaugurated Read More »
Mr. Ahmed Shide, Minister of Finance of the Federal Democratic Republic of Ethiopia met and discussed with Kim Byoung-hwan, first Vice Minister of Economy and Finance of the Republic of Korea. During the discussion, Ahmed Shide highlighted the historic and deep-rooted relations between the Republic of Korea and Ethiopia. Mr. Ahmed thanked the Republic of …
Finance Minister Meets With ROK’s First Vice Minister Of Economy & Finance Read More »
A high-level Saudi Arabian Investment and Trade delegation headed by the President of the Federation of Saudi Arabian Chambers of Commerce, comprising 79 investors representing renowned companies and officials from Saudi Arabia’s Chamber of Commerce, arrived in Addis Ababa today. The delegation was welcomed at Bole International Airport in the presence of Fitsum Assefa, Minister …
High-Level Saudi Arabian Business Delegation Arrives In Addis Ababa Read More »
The financing framework agreement signed on Sunday between Ethiopia and South Korea is highly anticipated to foster the economic linkages between the two countries, Ethiopia’s Finance Minister, Ahmed Shide underscored. Recall Prime Minister Abiy Ahmed and First Lady Zinash Tayachew are in Seoul, South Korea for an official visit and to attend the inaugural Korea-African …
Prime Minister Abiy Ahmed and South Korean President Yoon Suk Yeol have signed a 1 billion US dollar financing framework agreement today. The financing framework agreement targets projects to be implemented over the next four years, according to the Office of the Prime Minister. Prime Minister Abiy Ahmed was warmly received by President Yoon Suk …
Ethiopia, South Korea Sign 1 Billion USD Financing Framework Agreement Read More »
Ethiopian Intellectual Property Authority (EIPA) announced Ethiopia’s commitment to safeguarding its genetic resources and associated traditional knowledge. This comes after signing the Final Act of a new treaty with the World Intellectual Property Organization (WIPO) on May 24, 2024. The treaty, adopted unanimously by WIPO member states, marks a step forward in protecting these valuable …
Ethiopia Signs WIPO Treaty to Protect Genetic Resources and Traditional Knowledge Read More »
Ethiopia’s cement industry is poised for growth with the upcoming launch of the Lemi National Cement Factory. Expected to begin production in two months, the factory is projected to fill a major gap in the country’s cement supply. At full capacity, Lemi will produce 6.4 million tons of cement annually, nearly doubling Ethiopia’s current production. …
Lemi Cement Factory to Become Operational in Two Months Read More »
Ethiopia’s healthcare industry is gearing up for a major showcase with the first-ever domestic medical resource production and innovation exhibition. The event, “Our Health is Our Products,” will be held from June 22nd to 27th, 2024. The exhibition aims to boost the local medical equipment manufacturing sector. It will create a platform for businesses to …
The Ministry of Mines announced that USD 274 million has been earned from gold exports in the last nine months, reflecting an 83% growth compared to the previous year. The revenue is attributed to a rise in gold production by both commercial mining companies and traditional miners. They delivered 3.023 tons of gold to the …