News

Ethiopia has launched its first-ever Tourism Satellite Account (ET-TSA), a strategic initiative designed to unlock the full economic potential of the country’s tourism sector. The ET-TSA, prepared in collaboration with the UN Tourism Statistics Department, the International Monetary Fund (IMF), and other partners, took over 18 months to complete. This framework provides essential data for …

Ethiopia Unveils First-Ever Tourism Satellite Account Read More »

The National Bank of Ethiopia (NBE) has unveiled a strategic initiative to enhance foreign currency inflows by launching a six-month campaign to increase remittances. The campaign involves government agencies, financial institutions, diplomatic missions, and the diaspora and is part of broader efforts to stimulate hard currency generation. NBE has advised financial institutions to offer zero …

Ethiopia: NBE Launches Campaign to Boost Remittance Revenue and Foreign Currency Flow Read More »

Ethiopia and China have reached agreement to set up platform for the exchange of knowledge and experiences between their respective manufacturing industry communities. This move aims to strengthen trade and investment cooperation between the two nations, fostering greater collaboration and understanding. During a consultation between the Ministers of Industry from both countries, it was decided …

Ethiopia and China discuss manufacturing industries experience exchange platform Read More »

Ethiopian Electric Power (EEP) announced that it was on track to complete five key infrastructure projects, including power transmission and distribution stations, within the current fiscal year. In a statement, EEP’s Chief Executive Officer, Ashebr Balcha, highlighted progress on several projects aimed at improving the country’s energy supply. Among them is the 230 KV 2nd circuit …

Ethiopian Electric Power Reveals Major Infrastructure Projects for 2024/25 Read More »

Ethiopia secured over USD 196 million from the export of 42,322 tons of coffee in just one month, setting a new record for foreign currency earnings, according to the Ethiopian Coffee and Tea Authority. The Director General of the Authority, Adugna Debela (PhD), confirmed that the latest export figures marked the highest monthly revenue from …

Ethiopia Achieves Record Coffee Export Revenue Read More »

Ethiopian Airlines receives the Star Wide Awards (SWA) 2024 in the ‘Efficient Service Provider Government Organization Sector of the Year’ through public voting, in recognition of its outstanding performance and commitment. The award certifies that Ethiopians have demonstrated exceptional skill and dedication. During the award ceremony, Group CEO Mr. Mesfin Tasew expressed, ‘This award not …

Ethiopian Airlines receives the Star Wide Awards 2024 Read More »

Ethio Engineering Group today revealed that the Bishoftu Automotive Manufacturing Industry is set to enter the market with its N7 Pickup model. The Group noted that this development marks a significant milestone for the Bishoftu Automotive Manufacturing Industry, as it prepares to introduce its latest product to consumers. According to sources within the Ethio Engineering …

Bishoftu Automotive Manufacturing Industry’s N7 pickup model set to debut in the market Read More »

Chief Executive Officer of Ethio Djibouti Standard Gauge Railway Share Company, Takele Uma, met with Yonis Ali Guedi, Minister of Energy and Natural Resources of Djibouti. Takele expressed gratitude to Yonis Ali for his efforts and leadership in connecting the Ethiopia-Djibouti railway to strategic ports thereby transforming regional trade. “This boosts our two countries economic …

Integration of Ethiopia-Djibouti Railway with strategic ports promoting regional trade: CEO Read More »

The governments of Ethiopia and Kenya have reaffirmed their commitment to the strategic utilization of Lamu Port as well as the advancement of joint initiatives in technology and green energy. The two countries, which had called for deeper economic ties and increased investment between them during Ethiopia’s New Year 2017 celebrations on Saturday in Nairobi, …

Ethiopia and Kenya reaffirm commitment to strategic use of Lamu Port Read More »

Chinese Professor Wang Xingping underscored that the Ethio-China investment and development cooperation has been elevating the bilateral relationship between the two countries to new heights. The professor elaborated that the partnership between the two countries, dating back to the early 1970s, has remained steadfast through various governmental changes. According to the professor, the foundation for …

Ethiopia-China Investment, dev’t cooperation elevating to new heights  Read More »