Nexara

Petroleum and Energy Authority announced a major shift in fuel trading, opening it up to all banks in the country. This move comes in response to customer and bank complaints regarding limited payment options. Previously, fuel purchases were only facilitated through the Commercial Bank of Ethiopia, Oromia Cooperative Bank, and Tele Birr. The new system …

Ethiopian Fuel Trading Expands to All Banks Read More »

Jobs created for young citizens, especially young women, by industrial parks are encouraging, according to United Nations Development Coordination Office for Africa Director Yacoub Al Hillo. After visiting the Bole Lemi Industrial Park, the director said he was impressed by the investment activities he saw in the park, especially the wide employment opportunities created for …

Industrial Parks Win Acclaim For Creating Job Opportunities for the Youth Read More »

Ambassador of Ethiopia to Benelux countries and EU institutions, Hirut zemene Kassa, and Mr. Thomas De Belue, Secretary General of the Chamber of Commerce and Industry and Agriculture Belgium-Luxembourg, Africa, Caribbean, Pacific(CBL ACP) jointly led a business seminar held on 28th of March 2024 at the Embassy premises. The CEO of the CBL- ACP Mr. …

“ETHIOPIA TAMRIT EXPO 2024” Promoted In Brussels In Collaboration With The CBL-ACP Read More »

 Belgian investors have been invited to explore investment opportunities in Ethiopia at the “ETHIOPIA TAMRIT EXPO 2024” promotion event held in Brussels in collaboration with the CBL-ACP Ethiopian Ambassador to the Benelux countries and the European Union, Hirut zZemene Kassa, and Mr. Thomas De Belue, Secretary General of the Chamber of Commerce and Industry and …

Belgian Investors Invited To Seize Investment Opportunities In Ethiopia Read More »

The World Bank (WB) will continue supporting the National Financial Inclusion Strategy of Ethiopia, which is critical for the growth and prosperity of the country, Bank Senior Economist Michael O’Sullivan said. The National Financial Inclusion Strategy 2021-2025 was revised in close collaboration with stakeholders across the public and private sectors to define a coordinated plan …

WB To Continue Backing Ethiopia’s Financial Inclusion Initiative – Senior Economist Read More »

The National Bank of Ethiopia (NBE) has launched today the Network of Ethiopia’s Women in Finance (NEWFin), a pioneering initiative designed to bridge the gender gap in leadership within Ethiopia’s financial sector. The network is also anticipated to foster women’s financial inclusion in the sector. NEWFin is set to transform the landscape of the Ethiopian …

NBE Unveils Network For Women In Finance Sector Read More »

Dutch businesses in Ethiopia have invested at least one billion USD, making substantial contributions to Ethiopia’s economic growth, Henk Jan Bakker, Ambassador of Netherlands to Ethiopia said. Highlighting the significant Dutch business presence in Ethiopia, the ambassador stated that nearly a hundred Dutch companies have invested in various sectors. Notably, the horticulture and floral industries …

Dutch Investment In Ethiopia Surpasses One Billion USD: Ambassador Read More »

በቻይና ግዙፍ የዘመናዊ ስልክ አምራች የሆነው ዣኦሚ ኩባንያ የመጀመሪያውን የኤሌክትሪክ ተሽከርካሪ መስራቱን አስታውቋል። የዣኦሚ ኩባንያ ዋና ስራ አስፈፃሚ ሊይ ዩን÷ በኩባንያው የተሰራው የመጀመሪያው የአሌክትሪክ መኪና ስፒድ አልትራ 7 (ኤስዩ7) የሚል የምርት መለያ ያለው ሲሆን 500 ሺህ ዩዋን ወይም 69 ሺህ 186 ዶላር ዋጋ እንደሚያወጣ ገልፀዋል። መኪኖቹ ግዙፎቹ የቴስላ ኩባንያ እና ቢዋይዲ ከሚያመርቷቸው የኤሌክትሪክ ተሸከርካሪዎች ጋር …

የቻይናው ዣኦሜ ኩባንያ የኤሌክትሪክ መኪና መስራቱን ይፋ አደረገ Read More »

In a visit to assess the progress of safari vehicle assembly, Mr. Melaku Alebel, the Minister of Industry, highlighted the pivotal role of local manufacturers in expanding technology transfer, realizing import substitution strategies, and achieving the goals of the Ethiopia Tamrt (Made in Ethiopia) initiative. The minister emphasized the importance of creating favorable conditions for …

Assembling Of Safari Vehicles Progressing Well: Ministry Read More »

Ten days have passed since a glitch rocked the Commercial Bank of Ethiopia, causing significant disruption in Ethiopia’s financial sector. The system error, which occurred on March 15, 2024, allowed users to transfer funds exceeding their account balances and withdraw money from ATMs despite insufficient funds. The bank’s been tight-lipped about the exact numbers, saying they’re still investigating. …

The Commercial Bank of Ethiopia Heist in Figures Read More »