Ethiopia’s biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a “systems glitch”. The customers discovered early on Saturday that they could take out more cash than they had in their accounts at the Commercial Bank of Ethiopia (CBE). More than $40m (£31m) was withdrawn or transferred to other …
The Commercial Bank of Ethiopia glitch lets customers withdraw millions Read More »
Hawassa Industrial Park announced that it has obtained 20 million US dollars from exports during the first six months of this Ethiopian budget year. Hawassa Industrial Park is one of the leading foreign manufacturers’ destinations and has been dedicated to hosting mainly textile and garment products in Ethiopia. Currently, the park comprises leading global apparel …
Industrial Park Sees Some 20 Million USD in Revenue from Exports Read More »
Indian Chemical Industry delegation drawn from 25 diverse companies will conduct a visit to Ethiopia from March 20-25, 2024, the Ethiopian Embassy in New Delhi confirmed today. The visit is organized by the Ethiopian Embassy in New Delhi, in collaboration with CHEMEXCIL (Basic Chemicals, Cosmetics and Dyes Export Promotional Council) and the Indian Embassy in …
Indian Chemical Industry Delegation To Visit Ethiopia This Week Read More »
China Machinery Engineering Corporation Group (CMEC) announced that it plans to invest in Ethiopia’s mining, renewable energy, and construction sectors. CMEC Group’s plan was disclosed during Ambassador Teferra Derbew’s visit to the Corporation’s headquarters and workshops earlier today. During his visit to the Corporation, Tefera Derbew, Ethiopia’s Ambassador to China discussed with CMEC’s general manager, …
China’s CMEC Planning To Engage In Energy, Mining Sectors In Ethiopia Read More »
The National Bank of Ethiopia (NBE) stated that a momentary disruption occurred to the Digital Banking System of the Commercial Bank of Ethiopia (CBE) on Saturday, 16 March. “Banks regularly carry out security checks and update their systems to deliver speedy and secure services. The changes that result from these updates and inspection works may …
Ethiopia signed a 9.5 million Euros (approximately 590 million Ethiopian Birr) grant agreement with Finland at the Ministry of Finance. The purpose of the grant agreement is to implement the third phase of the Responsible and Innovative Land Administration (REILA-III) project which aims for better land tenure security, incentives, and knowledge for smallholder farmers to …
Ethiopia Signs A €9.5M Grant Agreement With Finland Read More »
Maltese companies that attended the 1st Ethiopia-Malta Business Forum in Addis Ababa are assessing areas of collaboration with Ethiopian counterparts. In an exclusive interview with ENA, TradeMalta Promotion Head Richard Scerri said the company assists Malta-based businesses to unlock new opportunities. TradeMalta is a local enterprise that helps Maltese companies to become exporters all over …
Maltese Companies Exploring Areas Of Collaboration With Ethiopian Counterparts Read More »
The first Ethiopia-Malta Business Forum kicked off today at the Skylight Hotel in Addis Ababa. Organized by the Ethiopian Investment Commission (EIC) in collaboration with TradeMalta, the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), and the Ministry of Foreign Affairs of Ethiopia, the event has drawn the participation of delegates including Ambassador Mesganu Arga, …
India has signed a free-trade agreement (FTA) with a group of four European countries that are not members of the European Union. The deal with the European Free Trade Association (EFTA) will see investments in India of $100bn (£77.8bn), BBC reported citing the country’s trade minister. The EFTA is made up of Norway, Switzerland, Iceland …
India Signs $100bn Free Trade Deal With Four European Nations Read More »
Challenges of successfully implementing vertical integration strategies prompted lively discussions from stakeholders in the coffee supply chain while championing the approach for boosting coffee exports and enriching the lives of coffee farmers. A staggering 90pc of Ethiopia’s 1.3 billion dollars coffee export revenues in 2023 originated from such arrangements, with the remainder facilitated through the …
Vertical Integration Offers Lifeline for Ethiopian Coffee Read More »