News

The Ethio-Saudi Arabia Trade and Investment Forum commenced in Riyadh, Saudi Arabia today. High ranking government officials and members of the business community of the two countries are taking part at the forum. Source: ENA

The Ethiopia Tamrit (MadeInEthiopia) movement has enabled the country to increase the quality and competitiveness of products, Minister of Industry Melaku Alebel told ENA. The movement was launched by Prime Minister Abiy Ahmed in 2022, with the aim of realizing a competitive manufacturing industry by solving the bottlenecks in the sector. The movement is playing …

‘MadeInEthiopia’ Movement Boosts Quality, Competitiveness of Products Read More »

Speaking to ENA, Ethiopian Investment Commission Commissioner Zeleke Temesgen highlighted that Ethiopia has been undergoing a substantial reform process over the past seven years, achieving commendable results. The Commissioner stated that during these reform years, sectors previously closed to foreign investors have been opened. He further noted that the economic reform has brought about improvements …

Opening Up of Previously Closed Sectors Attracting Large Number of Investment to Ethiopia  Read More »

Ambassador Feseha Shawel has Invited foreign investors to Engage in Ethiopia’s Healthcare and Medical Tourism Sector. On the Asian Business and Social Forum, Ambassador Feseha Shawel highlighted Ethiopia’s position as the third- international diplomatic hub and a gateway to Africa, noting the country’s efforts to open up all its sectors to foreign investors, according to …

Foreign Investors Invited to Engage in Ethiopia’s Healthcare, Medical Tourism Sector Read More »

Ethiopian Ambassador to Italy, Dmitu Hambisa held discussion with the President of the Council of Calabria Region of the Republic of Italy, Dr. Filippo Mancuso, and the advisor to the Italian Ministry of Tourism, Simone Landini. During their discussion, they agreed to work together to encourage investors from the Calabria region to engage in trade …

Ethiopia, Italy Agree to Work Together to Enhance Trade and Investment Ties Read More »

The Sidama Regional State has deposited more than 176 kilograms of gold to the National Bank of Ethiopia during the first nine months of the current fiscal year, according to the Regional Mining and Energy Agency. The agency also reported that the mining sector has created employment opportunities for over 4,000 youth in the same …

Ethiopia: Sidama Regional State Deposits Over 176 Kilograms of Gold to National Bank Read More »

The National Bank of Ethiopia (NBE) has announced the results of the Foreign Exchange Auction held today. The weighted average rate of all successful bids was Birr 131.4961 per US Dollar and a total of 26 banks received foreign exchange allocations under the auction. Moreover, 96 percent of banks’ foreign exchange demand/request was satisfactorily met …

Central Bank announces results of FX auction held today Read More »

Ethiopia and Kenya has signed a Memorandum of Understanding (MOU) to facilitate smooth flow of trade between the two countries. The agreement was signed at the closing of the Ethiopia-Kenya border trade negotiations which commenced yesterday, 16th April 2025 in Mombasa, Kenya. “Today we signed an implementation of agreement with the Cabinet Secretary for Investments, Trade, …

Ethiopia, Kenya sign MOU to facilitate smooth flow of bilateral trade Read More »

The Federal Housing Corporation has signed an agreement with Baumit Group, a leading Austrian construction technology company, to bring advanced 3D construction printing technology to Ethiopia. The partnership follows discussions held in Austria between the Corporation’s CEO, Ato Reshad Kemal, and senior executives of Baumit Group on the feasibility and implementation of 3D printing technology …

Ethiopia: Federal Housing Corporation Partners with Austrian Firm to Introduce 3D Construction Technology Read More »

Ethiopian Airlines, the largest and fastest-expanding airline in Africa, today announced a partnership with Bucher, a leader in lightweight aircraft interior solutions, during Aircraft Interiors Expo (AIX) in Hamburg. This agreement, according to a statement from the Airline, marks an important step in equipping Ethiopian Airlines’ new Boeing 777-9 fleet with cutting-edge Galleys. This partnership …

Ethiopian Airlines and Bucher Aircraft Interior Solutions made a strategic agreement at AIX Read More »