Nexara

BitCluster launches a 120 MW data center in Ethiopia. The facility with an area of 30 thousand square meters is located in Addis Ababa, the capital of Ethiopia, on the territory of the Kilinto high-voltage substation. The commissioning of the new data center will take place in January 2024. Transformers are currently being connected. The …

NEW BWP data center in ethiopia Read More »

The Commercial Bank of Ethiopia (CBE) confirmed that it has collected more than 100 billion birr in deposit accounts through CBE Noor banking services in the last 10 years. The Bank celebrated the 10th anniversary of the start of interest free banking service (CBE Noor) in Jimma city. According to Nuri Hussain, Vice President of …

CBE Collects Over 100bn Birr In Deposit Accounts Through CBE Noor Service Read More »

The Ethiopian Health Minister, Dr. Lia Tadesse received at her office the Russian delegation led by the Head of the Federal Agency for Minerals Resources of the Russian Federation, Evgeny Petrov (PhD). The two sides discussed, among others, the 100 years of service being offered by the Dejazmach Balcha Hospital of the Russian Red Cross …

Health Minister Urges Russian Companies To Invest In Ethiopia’s Pharmaceutical Sector Read More »

The Russian Investment Group, which consists of 17 huge manufacturing companies, has announced its decision to invest in Ethiopia’s industrial parks. The Russian investment group, also known as AGROGROUPINVEST, has an investment capital of more than 10 billion rubles. Industrial Parks Development Corporation CEO, Aklilu Tadesse, received the Director of the Investment Group and his …

Russia’s Agroinvest Group To Engage In Ethiopia’s Industrial Parks Read More »

Ethio Telecom has officially launched today a telebirr-based Digital Financial Marketplace that enables Banks, Microfinance, Insurance, and other institutions in the ecosystem to easily make their financial products accessible to their customers. The new platform is also said to enable institutions in the financial sector to manage their share buying and selling processes cost-effectively. The …

Ethio Telecom Launches Telebirr-Based Digital Financial Marketplace Read More »

Ethiopia’s ambassador to Korea, Ambassador Dessie Dalkie, presented the investment potentials of Ethiopia and Ethio-Korea future potential cooperation areas during the 2nd Korea-Africa Trade and Industry Cooperation Forum held in Seoul, South Korea Yesterday. The Ambassador expounded on the current economic situation in Ethiopia, priority areas for foreign investment, and areas of cooperation between Ethiopia …

Ethiopia Capitalizes On Korea-Africa Forum To Promote Investment Opportunities Read More »

The council of ministers in its regular meeting today has discussed and passed decisions on three draft proclamations and one draft policy, Office of the Prime Minister disclosed. Firstly, the council discussed on a revised draft bill on land expropriation, payment of compensation and rehabilitation of relocated people from their original land for the benefit …

Council of Ministers Discuses, Passes Decision on Three Draft Bills, Manufacturing Policy Read More »

The Ethiopian and Russian Business Forum is underway in Addis Ababa to further strengthen trade and investment between the two countries. Senior government officials, the Russian Ambassador to Ethiopia, Terekhin Engeny, and businessmen from both countries, among others are attending the forum. The forum is expected to deliberate on ways and means of enhancing trade …

Ethio-Russia Business Forum Underway in Addis Ababa Read More »