News

Ethio telecom CEO Ms. Frehiwot Tamru held a strategic meeting on Wednesday with a Visa Inc. delegation led by Mr. Michael Berner, Senior Vice President and Head of the South and Eastern Africa Regions, to explore enhanced collaboration opportunities in international digital financial services. During the discussion, the performance of Ethiopia’s first wallet-based Virtual Visa …

Ethio telecom and Visa strengthen partnership to shape Ethiopia’s digital future Read More »

China’s Vice-Chairman of CPPCC Gao Yunlong has reaffirmed China’s interest in expanding mutually beneficial economic ties as Chinese businesses see Ethiopia as a strategic destination for investment in Africa. A high-level delegation led by Gao Yunlong, Vice-Chairman of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), Chairman of the All-China Federation …

Chinese Businesses See Ethiopia as Strategic Destination for Investment in Africa   Read More »

Lemi National Cement has emerged as a major player in Ethiopia’s cement industry, producing up to 15,000 tons of cement daily at its factory, located near the town of Lemi in Ensaro district, Amhara region. Since reaching full production in September, the factory has supplied over 12 million quintals of cement to the market in …

Ethiopia: Lemi National Cement Achieves Daily Production Capacity of 15,000 Tons Read More »

Embraer, a Brazilian multinational aircraft manufacturer, has expressed keen interest in exploring investment opportunities across Ethiopia’s growing aviation sector. The company’s executives, accompanied by the Deputy Ambassador of Brazil to Ethiopia, Jackson Lima, were received by Alemu Sime, Ethiopia’s Minister of Transport and Logistics. During the meeting, the minister emphasized the Ethiopian government’s strategic focus …

Brazilian Aircraft Manufacturer Expresses Interest in Exploring Investment opportunities in Ethiopia Read More »

Ethiopia’s Deputy Prime Minister Temesgen Tiruneh welcomed GAO Yunlong, Vice-Chairman of the CPPCC National Committee and Chairman of the All-China Federation of Industry and Commerce (ACFIC) and his delegation. The two sides discussed on deepening investment, economic development, and trade cooperation between Ethiopia and China. On the occasion, Yunlong commended Ethiopia’s ongoing development activities, especially …

Chinese Official Says, Ethiopia is Attractive Destination to Chinese Investors   Read More »

Global aerospace leader Boeing has officially launched its new Africa office in Addis Ababa, Ethiopia, marking a step in its long-term strategy to support the continent’s aviation growth and economic transformation. The company projects that Africa will require over 1,200 new aircraft in the next 20 years to meet growing demand for connectivity and development. …

Ethiopia: Boeing Opens Africa Office in Addis Ababa Read More »

 Ethiopia’s small and medium-sized manufacturing enterprises have significantly outperformed expectations, saving the country over $1.6 billion in import costs during the first nine months of the 2024/25 fiscal year, according to the Ethiopian Enterprise Development (EED). EED CEO Kelali Wolde-Gabriel, presenting the institution’s nine-month performance report, noted that the original target was to save $881.7 …

Local manufacturers slash import bill by $1.6 Billion in nine months Read More »

The first session of the Saudi-Ethiopian Business Council convened in Riyadh, marking a step towards enhanced economic cooperation between the Kingdom and Ethiopia, the Ethiopian Embassy in Riyadh announced. Co-chaired by Hasen Abdullahi, Chairman of the Ethiopian Chamber of Commerce and Sectoral Associations, and Abdullah Al-Ajmi, Chairman of the Federation of Saudi Chambers, the meeting …

Saudi-Ethiopia Business Council Inaugurated in Riyadh Read More »

The Oromia Regional State has generated over Birr 84 million in tourism revenue over the past eight months, from a surge in visitors to the Bale Mountains National Park (BMNP), now a UNESCO World Heritage Site. More than 34,000 tourists – over 31,000 domestic and 3,400 foreign – visited the area, contributing Birr 71 million …

Ethiopia: Bale Mountains See Tourism Boom Read More »

Metered taxi service provider Yango has launched a new initiative to provide its drivers with full premium insurance coverage. In a tripartite agreement signed today with Nib Bank and Nib Insurance, Yango will now enable drivers – who currently hold only the legally required third-party insurance – to upgrade to comprehensive premium insurance. “This agreement …

Ethiopia: Yango Partners with Nib Bank and Insurance to Offer Drivers Full Premium Coverage Read More »