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The Secretary General of the African Airlines Association (AFRAA), Abdérahmane Berthé highlighted the efforts being carried out to expedite the implementation of a Single African Air Transport Market. The Single African Air Transport Market (SAATM) is a flagship project of the African Union’s Agenda 2063, to create a single unified air transport market in Africa, …

Continental Association Strives To Realize Single African Air Transport Market Read More »

The Board of Directors of the African Development Fund – the African Development Bank Group’s concessional financing window – approved a grant of USD 42.86 million to Ethiopia on 22 May 2024 to fund the implementation of the Agri-MSMEs Development for Jobs Program. Aimed at boosting the growth and productivity of youth and women-led MSMEs …

African Development Bank Boosts Youth and Women-Led Businesses in Ethiopia with USD 42.86 Million Grant Read More »

Despite ongoing challenges, Tigray’s industrial sector is showing signs of recovery with the launch of 227 new businesses in the past nine months, according to Minister of Industry Melaku Alebel. Closed industries are also reopening in Tigray. In March this year, It was reported that Mekelle Industrial Park was back in business. The park is located in …

Tigray’s Industry Shows Recovery with 227 New Businesses Read More »

Ashewa Technology Solutions signed a collaboration agreement with Santim Pay Financial Solutions to offer customers more convenient and affordable payment options with lower transaction fees. CEO Daniel Bekele highlighted the importance of this partnership in providing alternative payment methods. In addition to the financial services collaboration, Ashewa announced partnerships with 27 marketing and branding organizations. …

Ashewa Technology Expands Payment Options and Partnerships Read More »

The Ministry of Agriculture announced earnings of USD 2.2 million from 800 tons of cotton produced in the past nine months. While this demonstrates potential, researchers warn that Ethiopia utilizes only a fraction of its suitable land for cotton cultivation. Officials prioritize lowland areas like Gewane, Metema, and Humera for cotton growing. Ambitious plans for …

Ethiopia’s Gains USD 2.2 Million from Cotton Read More »

Macter International Limited, a pharmaceutical giant based in Pakistan with over 40 years of experience, has expressed a strong desire to invest in the pharmaceutical sector within the Qilinto Industrial Park, located on the outskirts of Addis Ababa, Ethiopia. Macter International is a leading Pakistani pharmaceutical company that distributes its products to markets in Asia, …

Pakistan’s Pharmaceutical Giant Macter Expresses Interest In Investing In Ethiopia Read More »

Ambassador of Ethiopia to China, Tefera Derbew, has leveraged the recently held SINOMA Cement Green & Intelligent Summit to highlight the characteristics and initiatives of Ethiopia’s cement industry and green development. The Second SINOMA Cement Green & Intelligent Summit was held in Nanjing, China’s Jiangsu province recently. Themed “Green Intelligence Empowers Cooperation,” the event was …

Envoy Shares Initiatives Of Ethiopia’s Cement Industry, Green Dev’t At SINOMA Summit Read More »

The Ethiopian Horticulture Producer Exporters Association (EHPEA) has signed an agreement with Trade Mark Africa and Idaptive Data Fusion System PLC to develop comprehensive e-learning and knowledge management systems in Ethiopia’s horticulture sector. The project is part of a wider program on the Ethio- Djibouti corridor under the theme: “Promoting regional economic integration in the …

EHPEA, Trade Mark Africa Ink Partnership for Digital Innovation in Horticulture Read More »

A delegation of experienced Australian construction investors has expressed keen interest in pursuing investment opportunities in Ethiopia’s housing development and infrastructure sectors. Their interest was disclosed during a meeting held with the Minister of Urban and Infrastructure Development of Ethiopia, Ms. Chaltu Sani. The Australian investors, who boast extensive experience in utilizing cutting-edge technologies for …

Australian Investors Eye Housing, Infrastructure Investment Opportunities In Ethiopia Read More »

The Ethiopian Insurance Corporation (EIC) reports a boost in its risk management capacity, exceeding Birr 6.2 trillion in the first nine months of the current Ethiopian fiscal year. This marks a 50% increase from the same period last year. This achievement comes as a result of extensive reform initiatives undertaken by EIC. These reforms focused …

Ethiopian Insurance Corporation Makes Strides in Risk Management and Growth Read More »