The inaugural East Africa Infrastructure and Water Expo is to be conducted in Addis Ababa, Ethiopia in the upcoming June 2025 which will prioritize infrastructure advancement. In its press release sent to ENA, Big 5 Construct Ethiopia revealed that the new event is designed to encourage conversation, collaboration, and innovation in the critical field of …
Addis Ababa to Host East Africa Infrastructure and Water Expo Read More »
Ethiopia’s Finance Minister Ahmed Shide discussed with UN Economic Commission for Africa (ECA) Executive Secretary Claver Gatete the upcoming preparatory meeting for the 4th Conference on Financing for Development. According to the Ministry of Finance, the conference is scheduled for July 22-26, 2024, in Addis Ababa. The conference will focus on reinforcing Africa’s collective interests, …
Finance Minister, ECA Chief Confer on Upcoming Conference on Financing for Dev’t Read More »
The Ethiopian Embassy in New Delhi, in collaboration with the Associated Chambers of Commerce and Industry of India (ASSOCHAM), organized a Business Forum to explore and promote business and investment opportunities in Ethiopia. Deputy Head of Mission Ambassador Bizunesh delivered a keynote speech highlighting the ample business and investment opportunities in Ethiopia. A comprehensive presentation …
State-owned Ethio Telecom has announced a record performance for the fiscal year 2023/2024, reporting a substantial revenue increase of 21.7% to reach Birr 93.7 billion. This represents a Birr 16.7 billion surge over the previous year, surpassing the company’s targets by 103.6%. CEO Frehiwot Tamiru unveiled the company’s financial results, highlighting a net profit of …
The Ethiopian Coffee and Tea Authority (ECTA) announced that 46,000 tons of coffee were shipped abroad in June, generating USD 218 million in revenue. The fiscal year also saw a significant export of coffee. The country exported a total of 298,500 tons of coffee throughout the year, exceeding the previous year’s figures by 20%. This …
The Ministry of Trade and Regional Integration announced adjustments to fuel prices, effective July 10, 2024. According to the Ministry, this decision comes in response to rising global oil prices. The price hike applies to gasoline, kerosene, white diesel, light black diesel, and heavy black diesel. Jet fuel prices remain unchanged. Here’s a breakdown of …
Ethio Telecom, Ethiopia’s leading telecommunications provider has released its annual performance report for the 2023/24 fiscal year, showcasing impressive growth across key metrics. The report, covering the period from July 1, 2023, to June 30, 2024, highlights the company’s continued success in expanding its digital services and strengthening its market position. Ms. Frehiwot Tamiru, CEO …
Ethio Telecom Generates Total Revenue Of 93.7B Birr During Concluded Ethiopian FY Read More »
Ambassador Tefera Derbew and Deputy Head of Mission Ambassador Dewano Kedir had a productive meeting with Mr. Guo Huaigang, Chairperson of the China Council for the Promotion of International Trade (CCPIT), in Beijing. In June this year, a delegation of 30 companies led by Chairperson Guo visited Ethiopia and met with high-level government officials. They …
Ethiopian Envoy, CCPIT Chair Discuss Progress Of Recent Agreements Read More »
In a ceremony attended by key stakeholders, Gelila Manufacturing, a local company, laid the foundation stone for its bus assembly plant at the Mekele Industrial Park, Mekele city, capital of Tigray region. The facility, which spans 31,000 square meters of leased land, will assemble various types of buses with an investment capital of 564 million …
Ethiopian Company Called Gelila Manufacturing To Build Bus Assembly Plant In Mekele Read More »
The groundwork for the much-anticipated cool chain logistics system will be laid in Mojo Green Logistics Hub very soon, Capital has learned. A few years ago, a proposal was created to incorporate a new export category for agricultural products. A national logistics initiative called Cool Port Addis aims to establish supply networks for perishable goods …
$50 million cool chain logistics hub to launch in Mojo Read More »