News

A productive discussion aimed at enhancing investment and trade ties between Ethiopia and South Africa took place with the South African Chamber of Commerce and Industry (SACCI). The meeting was hosted by Delil Kedir, Ambassador Extraordinary and Plenipotentiary of Ethiopia to South Africa, with Adv. Mtho Xulu, President of SACCI. The conversation encompassed a wide …

Ethiopia, South Africa agree to collaborate within BRICS Business Council Framework to advance trade Read More »

The National Bank of Ethiopia, in line with its recent commitment to conduct a regular series of bi-weekly foreign exchange auctions and consistent with its price and external stability objectives, announced today that the next foreign exchange auction will be held tomorrow, Thursday, April 17, 2025. In a notice published on its social media page …

Central bank to hold the 4th bi-weekly FX auction tomorrow Read More »

The Ethiopian Deposit Insurance Fund (EDIF) has collected 5.2 billion Birr in premiums from member financial institutions over the last nine months, representing an 11.1 percent increase compared to the same period last year, Desalegn Ambaw, CEO of EDIF, announced. In a press conference he gave today, Desalegn stated that the fund now provides insurance …

Ethiopian Deposit Insurance Fund Collects 5.2 billion Birr in Premium Over 9 Months Read More »

Ethiopia has obtained a record-hit 1.5 billion USD from coffee export during the past nine months, Ethiopian Coffee and Tea Authority (ECTA) disclosed. The export revenue has become one of unprecedented records in terms of volume and revenue since the east African nation started exporting coffee to the global market. Briefing the media today, Director …

Ethiopia’s Coffee Export Revenue Hits Record 1.5 billion USD in Nine Months Read More »

A high-level meeting was held between Ethiopia’s State Minister of Finance, Semereta Sewasew and Director of Agrifood Economics at the FAO, Dr. David Laborde to reinforce cooperation on transforming Ethiopia’s agri-food systems. The discussion centered on aligning Ethiopia’s national food systems strategy with FAO’s global roadmap, as Ethiopia advances a comprehensive, data-driven plan that integrates …

Ethiopia, FAO to Strengthen Partnership on Agri-Food Systems Read More »

Deputy Mayor of Addis Ababa and Head of the Addis Ababa Industrial Development Bureau, Jantrar Abay, has announced the construction of a modern industrial cluster in the capital, with an investment of Birr 7 billion. The announcement was made during this year’s Manufacturing Industries Expo, held at the New International Convention Center. The event featured …

Ethiopia: Addis Ababa Launches Construction of a Birr 7 billion Industrial Cluster Read More »

Ethiopia is positioning its livestock industry as a high-potential investment frontier, driven by vast opportunities for growth and profitability, according to the Livestock and Fishery Resources Development (LFRD) division at the Ministry of Agriculture. Tsigereda Fekadu, Lead Executive for LFRD, revealed that the government is introducing major reforms to unlock the sector’s untapped potential. With …

Ethiopia Eyes Livestock Industry as Key Investment Frontier Read More »

The Ministry of Agriculture has announced that Ethiopia produced 215,000 tons of honey in the first nine months of the current fiscal year, surpassing its initial target of 210,000 tons. State Minister of Agriculture Fikru Regasa (PhD) attributed the achievement to the successful implementation of the national beekeeping program, noting that the sector has seen …

Ethiopia Exceeds Honey Production Target with 215,000 Tons in Nine Months Read More »

Sidama State has earned over Birr 2.2 billion from 2.4 million tourists in the past nine months, according to the State Culture, Tourism, and Sport Bureau. The revenue came from both domestic and international visitors who explored the region’s religious, cultural, historical, and natural attractions. Deputy Head of the Bureau, Abebe Marimo, stated that nearly …

Ethiopia: Sidama State Generates Over Birr 2.2 Billion from Tourism in Nine Months Read More »