Nexara

Gelila Manufacturing PLC has officially launched the production of export-quality shoes and soles at Bole Lemi Industrial Park with an investment of Birr two billion. The inauguration ceremony attracted officials, industry leaders, and guests. Gelila’s operations are expected to support foreign exchange generation, create job opportunities, and add value to the leather sector. Alemayehu Seifu, …

Ethiopia: Gelila Manufacturing Launches Export-Standard Shoe Production at Bole Lemi Industrial Park Read More »

Ethiopia earned more than USD 1.5 billion from exports in the first three months of the current fiscal year, according to the Ministry of Trade and Regional Integration. Kassahun Gofe, Minister of Trade and Regional Integration, shared insights from a review of the export performance conducted with industry exporters. Kassahun highlighted that this achievement marked …

Ethiopia Earns USD 1.5 Billion from Exports Read More »

The Addis Ababa City Administration has announced the auction of 14.3 hectares of land, marking a significant opportunity for potential investors and developers. The auction, organized by the Land Development Management Bureau (LDMB), opened on October 18 and will run until October 31, 2024. Chali Abraham, the Director of LDMB’s Developed Land Transfer and Lease …

Ethiopia: Addis Ababa City Administration Opens Land Auction for 14.3 Hectares Read More »

Addis Ababa will host the Animal Husbandry Value Chain Exhibition and Conference from October 31 to November 2 at Millennium Hall, gathering over 100 exhibitors from 14 countries alongside more than 5,000 industry professionals. Organized by Prana Events, the expo, themed “Livestock: Now and the Future; Current Opportunities, Challenges, and the Way Forward,” aims to …

Ethiopia to Host Global Animal Husbandry Expo Read More »

Ethiopian Electric Power (EEP) has announced it earned USD 31.5 million from exporting electricity to neighboring countries during the first three months of the current fiscal year. The electricity was sold to Djibouti, Sudan, and Kenya, amounting to 497.8 gigawatt hours, with a revenue performance of 91.8% compared to the plan. Moges Mekonon, Director of …

Ethiopian Electric Power Generates USD 31.5 Million from Electricity Exports in First Quarter Read More »

Addis Ababa Investment Commission (AAIC) has announced a target to draw Birr 8 billion in investment capital this fiscal year, focusing on key sectors such as manufacturing, services, urban agriculture, and construction. Enatnesh Tamene, the Commission’s Plan and Budget Director, announced the announcement. According to the Director, the Commission prioritizes fast and efficient services to …

Ethiopia: Addis Ababa Aims to Attract Birr 8 Billion in Investment for 2024 Read More »

Ethiopian Investment Holdings (EIH) and Dodai Manufacturing PLC have announced a partnership to promote sustainable transportation across Ethiopia. The agreement aims to advance green economic development and align with Ethiopia’s climate resilience goals. At the launch ceremony, EIH CEO Brook Taye (PhD) emphasized the partnership’s alignment with the government’s climate agenda. “Our commitment to supporting …

Ethiopian Investment Holdings and Dodai Manufacturing Partner to Drive Sustainable Transport in Ethiopia Read More »

Ethiopian Airlines, the largest carrier in Africa, announced Tuesday that it will resume its passenger services to Monrovia, Liberia, reaffirming its commitment to strengthening connections across the African continent. Starting on November 30, 2024, the airline said it will offer three weekly flights to Liberia’s capital, restoring a critical air link that will enhance connectivity …

Ethiopian Airlines to resume passenger flight to Monrovia next month Read More »

Ethiopian Securities Exchange (ESX) has signed a Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE) and iCapital Africa Institute, aiming to accelerate the growth and integration of capital markets in Ethiopia and Kenya. At the signing ceremony, ESX CEO Tilahun Ismael (PhD) highlighted the strategic collaboration’s focus on fostering knowledge exchange, capacity building, …

Ethiopian Securities Exchange Signs MoU with Nairobi Securities Exchange and iCapital Africa Institute Read More »

TeleTv, a newly launched entertainment platform, has contributed USD 25 million to the Ethiopian economy within its first four months of operation, according to Besufekad Getachew, Founder and CEO of Eaglelion. During a press briefing, Besufekad shared that TeleTv, developed under Eaglelion’s system technology, offered various movies, TV series, shows, and exclusive interviews. With a …

TeleTv Injects USD 25 Million into Ethiopian Economy in Four Months Read More »