Nexara

The Ethiopian Investment Holdings and Agricultural Works Corporation signed a 600 million USD shareholders agreement to jointly invest in an Integrated Dairy and Commercial Farming Project with the United Kingdom’s Asset Green Company. The agreement was signed in Addis Ababa today in the presence of Deputy Prime Minister Temesgen Tiruneh and British Deputy Prime Minister, …

UK Asset Green signs a $600M project agreement with EIH, EABC Read More »

Ethiopia generates over USD 1.016 billion in the first seven months of the fiscal year from coffee, tea, and spice exports. Coffee exports alone contributed over USD 1.011 billion, marking a record-breaking achievement of surpassing USD 1 billion in less than half the fiscal year. The initial plan aimed to export 156,190.21 tons of coffee, …

Ethiopia’s Coffee and Spice Exports Reach Over USD 1 Billion in Seven Months Read More »

Ethiopian Airlines and Airbus have signed a seven-year Flight Hour Services (FHS) agreement to provide comprehensive maintenance support for the airline’s 24 Airbus A350 aircraft, including both A350-900 and A350-1000 models. The contract will ensure Ethiopian Airlines will get the dedicated on-site stock at its Addis Ababa hub, global access to Airbus material pools, and …

Ethiopian Airlines, Airbus sign seven-year flight hour services contract Read More »

Ethiopian Airlines Group, the Africa’s largest airline brand, announced that it will commence thrice-weekly passenger service to Hyderabad, India, starting from June 16, 2025. The new flight will commence operation with three-midday departures from Addis Ababa to Hyderabad. Regarding the launch of the new service Mesfin Tasew, Group CEO, Ethiopian Airlines, remarked that the airlines …

Ethiopian Airlines to Launch Passenger Service to India’s Hyderabad in mid-June Read More »

The Ethiopian Securities Exchange (ESX) has signed a Memorandum of Understanding (MoU) with the Rwanda Stock Exchange (RSE) to foster collaboration and strengthen cooperation between the two institutions to enhance the overall efficiency and sustainability of capital markets in the region. This strategic collaboration seeks to enhance the growth and development of capital markets between …

Ethiopian Securities Exchange inks MOU with its Rwanda Stock Exchange Read More »

Dangote Group, Africa’s leading industrial conglomerate, and Ethiopian Investment Holdings (EIH) have announced a significant expansion of Dangote’s presence in Ethiopia, reinforcing the country’s attractiveness as a premier investment destination in Africa. Speaking on the new investment, Aliko Dangote, Chairman and CEO of Dangote Group, stated: “I am always happy to come to Ethiopia. I …

Aliko Dangote announces major expansion and new investments in Ethiopia Read More »

The Ministry of Trade and Regional Integration (MoTRI) has announced that newly approved mandatory Ethiopian national standards will be enforced starting June 8, 2025 (June 1, 2017 EC), expanding the range of products subject to quality control. In a statement, the ministry reminded importers of their obligation to comply with the new mandatory Ethiopian national …

Ethiopia Expands Quality Control Measures on Products Read More »

A mobile application was launched by the Ethiopian National ID Project (Fayda) that looks to fast-track the efficiency and accessibility of related services. Unveiled today, at the project’s headquarters in the Welo Sefer area of Addis Ababa, the app also allows offline access to verify registration information and looks to streamline access to national ID …

Ethiopia Launches Fayda National ID Mobile App Read More »

Ethio Telecom has announced major achievements in the first half of the 2024/25 fiscal year, including saving Birr 3.5 billion through cost-effective digital services, transferring over one trillion Birr via Tele Birr, and expanding 5G services to 10 cities. In a statement on the company’s performance, CEO Frehiwot Tamiru highlighted several key successes. Ethio Telecom …

Ethiopia: Ethio Telecom Saves Birr 3.5 Billion, Expands Services Read More »

Ethio-Telecom has revealed substantial revenue of 61.9 billion birr for the first half of the 2024/2025 fiscal year. CEO Frehiwot Tamiru attributed this impressive performance to the company’s network expansion, enhanced service quality, and the introduction of new services. She highlighted that the company achieved 97 percent of its set goals during this period. With …

Ethio Telecom reports 61.9 billion birr revenue in first half of fiscal year Read More »