News

State Minister of Foreign Affairs Ambassador Misganu Arga highlighted that the commencement of Ethiopian Airlines’ new flight to Warsaw, the capital of Poland, instrumental in boosting trade and investment between Ethiopia and Poland. The inaugural flight to Warsaw, Poland commenced yesterday evening, with plans to operate the route four times a week. The launching event …

Ethiopian New Flight To Warsaw Strengthens Trade, Investment Read More »

Ethiopian Airlines, Africa’s largest network operating carrier, has today officially launched new four-times weekly passenger services to Warsaw, Poland via Athens. The flight inaugurated today to Warsaw will expand the airline’s European destinations to 24, it was learned. The inaugural ceremony was attended by several government officials and guests including Ethiopian Foreign Affairs State Ministers, …

Ethiopian Airlines Launches New Flight to Warsaw, Poland Read More »

The Ethiopian Coffee and Tea Authority has called on investors to participate in the burgeoning tea sector. The initiative to expand tea leaf production in Ethiopia, which began three years ago under Prime Minister Abiy Ahmed’s leadership, has shown promising results. Inspired by Kenya’s success as Africa’s leading tea producer, Ethiopia has diligently applied lessons …

Ethiopia Aims To Boost Tea Industry Through Enhanced Investor Engagement Read More »

Chemical Industry Corporation disclosed that it has secured 5 billion Birr in revenue from its industrial chemical input products over the past eleven months. Given the government’s priority, Ethiopia has been becoming an attractive destination for chemical trade. In this regard, the country’s chemical industry is diverse and demands chemicals for food, beverage, and textiles. …

Ethiopia’s Chemical Industry Corporation Obtains 5 Billion Birr Revenue Read More »

The National Animal Health Institute has announced plans to construct a new laboratory to increase its vaccine production capacity to one billion doses. The institute celebrated its 60th anniversary on June 29. Once the new laboratory is operational, it will triple the current production volume to one billion doses. A feasibility study and an international …

Ethiopia: Animal Health Institute Announces Expansion Plans Read More »

Commercial Bank of Ethiopia was able to recover 99.27% or 795.5 million ETB out of the 801.4 million ETB that had been improperly withdrawn due to a problem related to the system reform work. The remaining 0.73% or 5.8 million ETB is expected to be repaid in a short period, and the Bank’s social media …

CBE Removed the Personal Information of Customers Read More »

A delegation led by the Executive Director for the Institute of Foreign Affairs (IFA) Jafar Bedru participated in a high-level international conference in Shanghai, China from 27-28 June 2024. The conference titled “Building Global Development Transition Partnership in Africa: The Roles of MDBs and China” was hosted by the Shanghai Institute for International Studies (SIIS) …

Ethiopia is Chinese Gateway to Africa, IFA Executive Director Says Read More »

Habesha Cement S.C. has marked a milestone in its history with a remarkable turnaround in its operation in 2023. The company recorded its first-ever profit before tax of 1.03 billion Br, an astonishing contrast to the 1.26 billion Br losses posted the previous. Gross profit also improved drastically, reaching 2.25 billion Br last year, up …

Habesha Cement Makes Astonishing Rebound from Ruin Read More »

In an attempt to capitalize on the enormous potential benefits of trade on the continent, Ethiopia is now creating its National African Continental Free Trade Area (AfCFTA) Implementation Strategy. The AfCFTA, adopted in 2018, represents a historic effort to unite 55 African Union member states with a combined GDP of nearly 3 trillion USD. This …

Ethiopia Developing African Continental Free Trade Area Implementation Strategy Read More »

The draft proclamation establishing the National Bank of Ethiopia (NBE) has reinstated the direct advance limit that the federal government can take from the bank. It has also set a time limit for the executives and board members serving in the central bank. The proposed bill would also grant the NBE sole responsibility for overseeing …

Central Bank’s powers reinforced in the draft reform bill, including sole authority over franco-valuta imports Read More »