News

Ethiopia’s Telecom Market Set for Expansion with Third Operator in the Pipeline

Ethiopia’s telecommunications market is gearing up for further growth, with the arrival of a third telecom operator expected by late 2025 or early 2026, according to the Ethiopian Communications Authority (ECA). Although the ECA paused new license issuance in mid-2023, this move is intended to foster a more favorable investment climate before welcoming new global …

Ethiopia’s Telecom Market Set for Expansion with Third Operator in the Pipeline Read More »

Ethiopia identifies 2,507 global companies in strategic investment drive

The Ethiopian Investment Commission (EIC) Chief Commissioner Mr. Zeleke Temesgen disclosed that the Commission has identified 2,507 major international companies as key targets for investment in Ethiopia, marking a strategic shift in the country’s approach to attracting foreign direct investment (FDI). This move is part of Ethiopia’s broader economic reforms aimed at unlocking opportunities in …

Ethiopia identifies 2,507 global companies in strategic investment drive Read More »

Pakistan says keen to diversify, enhance its economic partnership with Ethiopia

Pakistan values Ethiopia as a great trading partner and political fiend in Africa, according to Basit Saleem Shah, Minister of Trade and Investment – Commercial Wing of the Embassy of Pakistan to Ethiopia. The Commercial Wing of the Embassy hosted a pre-event promotion program on the upcoming Pakistan-Africa Trade Development Conference and Single Country Exhibition …

Pakistan says keen to diversify, enhance its economic partnership with Ethiopia Read More »

Ethiopian Securities Exchange to Register Five Major Companies in Six Months

The Ethiopian Securities Exchange (ESX) announced plans to register five major companies within the next six months. This follows the official launch of the ESX earlier this year by Prime Minister Abiy Ahmed. IESX CEO Tilahun E. Kassahun confirmed that the exchange was fully operational, supported by the necessary infrastructure and legal frameworks. He noted …

Ethiopian Securities Exchange to Register Five Major Companies in Six Months Read More »

Ethiopia: ERA Launches Nine Major Road Projects to Boost Connectivity Around Addis Ababa

The Ethiopian Roads Administration (ERA) has announced the construction of nine major road projects to ease traffic congestion and improve connectivity between Addis Ababa and the nearby city of Sheger. ERA Deputy Director General, Alemayehu Ayele (PhD), briefed media outlets on the initiative, highlighting that four of the projects focus on increasing exit routes from …

Ethiopia: ERA Launches Nine Major Road Projects to Boost Connectivity Around Addis Ababa Read More »

Pakistan keen to diversify, enhance its economic partnership with Ethiopia – Envoy

The upcoming Ethiopia-Pakistan Exhibition 5th Pakistan-Africa Trade Development Conference (PATDC) and Single Country Exhibition (SCE) will be vital to unlock access to new markets and enhance economic ties between Ethiopia and Pakistan, according to the Pakistan Embassy in Addis Ababa. This was disclosed during a pre-investment meeting on the exhibition which was held on 6th February …

Pakistan keen to diversify, enhance its economic partnership with Ethiopia – Envoy Read More »

Investment Commission encourages Tourba to explore opportunities in Ethiopia

Zinabu Yirga, Deputy Commissioner of the Ethiopian Investment Commission (EIC), convened with representatives from Tourba yesterday to explore collaborative opportunities in the agricultural sector. During the meeting, Tourba’s Carbon Farming Director for Africa and Brazil showcased the company’s capabilities, highlighting how their innovative initiatives can support Ethiopia’s agricultural advancement. Yirga underscored the strategic significance of …

Investment Commission encourages Tourba to explore opportunities in Ethiopia Read More »

Ethiopian Airlines Group CEO honored with Prestigious “Leadership in Connecting Africa through Transport Award”

Ethiopian Airlines announced that its Group CEO, Mr. Mesfin Tasew, has been honored with the prestigious “Leadership in Connecting Africa through Transport Award” at the Africa Prosperity Champions Awards. The accolade was presented during the Presidential Gala Dinner held on February 1, 2025, at the Kempinski Gold Coast Hotel in Accra, Ghana, as part of …

Ethiopian Airlines Group CEO honored with Prestigious “Leadership in Connecting Africa through Transport Award” Read More »

Five firms to be granted licenses in Ethiopian securities exchange

The Ethiopian Securities Exchange (ESX) announced that it has been taking a final step to register five giant companies over the next six months. Recall Prime Minister Abiy Ahmed officially launched the Ethiopian Securities Exchange early this year, the first stock exchange in the country. “In a historic milestone for our economic and financial landscape, …

Five firms to be granted licenses in Ethiopian securities exchange Read More »

Mastercard Aims to Strengthen Commitment to Uganda with New office in Kampala

Mastercard has announced the opening of its first office in Uganda, marking a significant milestone in its expansion across East Africa. This strategic move underscores Mastercard’s dedication to fostering financial inclusion and accelerating digital transformation in the region. With Uganda’s economy projected to grow at 6.2 percent by 2025, the country is poised for sustained …

Mastercard Aims to Strengthen Commitment to Uganda with New office in Kampala Read More »