News

The Amhara Region’s Mineral Resources Bureau revealed that the region produced nearly 19,950 kilograms of opal and gold over the past nine months. Mr. Tamrat Demse, Deputy Head of the Bureau, credits recent efforts focused on exploration and development. These initiatives include extensive research conducted by universities to attract investors and elevate the mining sector’s …

Amhara Region Mines 19,950 Kilograms of Opal and Gold Read More »

Minister of Foreign Trade and Development of Finland, Ville Tavio, met today with Foreign Affairs State Minister of Ethiopia, Ambassador Mesganu Arga. During their constructive dialogue, Minister Tavio expressed Finland’s intent to deepen and expand its trade and development cooperation with Ethiopia. Ambassador Mesganu, in turn, invited Finland to actively engage in Ethiopia, particularly in …

Finland Expresses Desire to Strengthen Trade, and Development Cooperation with Ethiopia  Read More »

Ethiopians in the diaspora and foreign nationals of Ethiopian origin have legally transferred an average remittance of over 4.5 billion USD annually during the last five years, the Ethiopian Diaspora Service revealed. The participation of the diaspora in the calls for national development of the country is ever-growing, it was learned. The last 100-day project …

Ethiopian Diaspora Transferring Remittance of Over 4.5 billion USD Annually Over the Last Five Years Read More »

Japan’s Ambassador to Ethiopia Shibata Hironori said that strong efforts are being made to encourage more Japanese investors to invest in industrial parks and Free Trade Zones in various investment sectors in Ethiopia. The ambassador discussed with Industrial Parks Development Corporation (IPDC) CEO Aklilu Tadesse. On the occasion, the ambassador said “We are trying to …

Japanese Investors Invited to Engage in Ethiopia’s Industrial Parks, Free Trade Zones Read More »

Ethiopia exported 43,481.02 tons of coffee in May this year, exceeding its target by 105%. The export was accompanied by a revenue increase, generating USD 209.54 million, which surpassed the planned income by 107%. May’s figures also show improvement compared to exports from the same month in the last two fiscal years. This positive trend …

Ethiopia’s Coffee Exports Show Strong Performance in May Read More »

Ethiopia’s government has proposed a budget of Birr 971.2 billion for the upcoming fiscal year, a significant increase of 21.1% compared to the 2023/24 budget. This draft plan was presented to the parliament by Finance Minister Ahmed Shide. The proposed budget outlines how the government intends to spend its resources. The largest portion, 46.5% or …

Government Proposes Birr 971.2 Billion Budget for Upcoming Fiscal Year Read More »

Ethiopia and the Philippines emphasized the importance of further strengthening their relations in economic and financial domains. Ethiopia’s Ambassador to the Republic of Korea and Non-resident Ambassador to the Philippines, Dessie Dalkie, met with the Undersecretary of Finance of the Philippines, Jovez Z. Balbosa. The two sides exchanged views on economic and financial cooperation and …

Ethiopia, Philippines Emphasize the Importance Of Enhanced Economic Cooperation Read More »

 Ethiopian Airlines Group, Africa’s leading airline, and one of the fastest-growing global airline brands, has appointed innovative tech loyalty partner Loyyal to its Access Point flagship solution as a rewards management system within its loyalty offering. Ethiopian Airlines and Loyyal teamed up with Finfare Connect to seamlessly integrate world-class bank-linked offers (account-linked and card-linked) through …

Ethiopian, Loyyal, And Finfare Connect Launch Bank-Linked Offers For ShebaMiles Members Read More »

Ethiopia’s Minister of Finance, Ahmed Shide, met with his Qatari counterpart, Ali Bin Ahmed Al-Kuwari, in which they discussed various topics including finance, development cooperation, and investment opportunities in both Ethiopia and Qatar. During the meeting, Ahmed Shide provided a presentation outlining the changes in Ethiopia and the notable achievements that have been made. He …

Finance Ministers Of Ethiopia, and Qatar Discuss Cooperation And Investment Opportunities Read More »

Ethiopia’s Shaggar City of Oromia region and the Chinese Ganzhou City of Jiangxi Province have signed a friendship Memorandum of Understanding (MOU) today to work together in urban development activities. The Mayor of Shaggar City, Teshome Adunga, and Chairman and Secretary of the CPC leadership Group of the standing committee of Ganzhou Municipal People’s Congress, …

Shaggar, Ganzhou Cities Sign MoU to Establish Friendship Read More »