News

EIC, China’s AIBO Discuss Potential Areas Of Collaboration

 Deputy Commissioner of Ethiopian Investment Commission (EIC), Zeleke Temesgen, engaged in discussions with a delegation from the Chinese Academy of International Business Officials (AIBO), led by Mr. Zhai Junfeng, Vice Director of AIBO, regarding potential areas of collaboration. During the discussion, the delegation expressed a strong interest in enhancing EIC’s capacity-building programs, facilitating joint investment …

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Documents Authentication and Registration Service Serves 1.2 Million Customers in Nine Months

The Documents Authentication and Registration Service (DARS) generated Birr 1.8 billion in revenue during the past nine months while serving 1,237,329 customers. The revenue comes from stamp duties and service charges levied on a vast clientele base. The service examined over 715,500 contracts with an average daily client count of 6,400. The authority also confiscated …

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Ethiopian Leather Industry Exports Hit USD 23.4 Million

Ethiopia’s leather and leather products industry generated approximately 23.4 million USD in export revenue during the last nine months of the fiscal year, according to the Leather and Leather Products Industry Research and Development Center. The revenue stemmed from exports of shoes, bags, leather gloves, and finished, and semi-finished leather to various international markets. Leather …

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Finance Minister Ahmed Shide Holds Discussions with Assistant Secretary of State for African Affairs, Other US Officials 

The Ethiopian delegation led by Finance Minister, Ahmed Shide held strategic discussions with US Assistant Secretary of State for African Affairs Amb. Molly Phee, the Special Envoy for Horn of Africa, Amb. Michael Hammer and Under Secretary for US Treasury for International Affairs, Jay Shambaugh. On the sidelines of the 2024 WB-IMF Spring Meetings, they …

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Ethiopian MRO Services Ready to Cooperate with Fellow African Airlines, Manufacturers: CEO

Ethiopian Maintenance, Repair, and Overhaul (MRO) Services, the strategic business unit of Ethiopian Airlines, is ready to cooperate with fellow African Airlines and manufacturers, Ethiopian Airlines CEO Mesfin Tasew said. African Aviation MRO and Aviation Training Conference and Exhibition are underway in Addis Ababa under the theme of “Strengthening Africa’s MRO and Training Capacity for …

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PM Nabbanja Says Uganda Keen to Work with Ethiopia in Industrialization Sector

The Prime Minister of Uganda, Robinah Nabbanja, said that her country is keen to work in collaboration with Ethiopia in using industrialization experience accumulated in developing and managing industrial parks. According to the Industrial Parks Development Corporation, the prime minister remarked on her visit to Bole Lemi Industrial Park today. “We will work in cooperation …

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Ethiopian Airlines Increases Douala Flights To 11 Times Weekly

Ethiopian Airlines, Africa’s largest airline, has announced an upcoming increase in flight frequency to and from Douala, the largest city in Cameroon, with the new service scheduled to commence on June 3. This development will see the airline connecting Cameroon’s commercial and economic capital with a total of 11 weekly flights, reflecting Ethiopian Airlines’ commitment …

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Ethiopian Inks Boeing 777 Fleet Support Agreement With AFI KLM E&M

 Ethiopian Airlines announced that it has signed an agreement with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) at the MRO Africa 2024 in Addis Ababa today. The agreement was signed for component support for the Ethiopian Boeing 777 fleet, at the MRO Africa 2024 in Addis Ababa, the Airline said. It is …

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Zenith Steel Company to Invest Over 150 Million USD in One Of Ethiopia’s Industrial Parks 

Zenith Steel Company, which is known for producing high-quality steel and electrical equipment in China, has expressed its desire to enter and invest in Bole Lemi Industrial Park, Ethiopia. The Ethiopian Industrial Parks Development Corporation (IPDC) CEO Aklilu Tadese, received and spoke with the General Manager of the company Liwon Donga, and officials. The largest …

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Ethiopian Electric Utility Unveils Tech Center to Revolutionize Prepaid Services

With a vast customer base exceeding 4.6 million nationwide, comprising over 3.75 million post-paid users alongside 900,000 prepaid customers, EEU revealed that it was working towards enhancing its technological infrastructure. The company is poised to address long-standing challenges for its prepaid customers and enhance convenience through the development of a cutting-edge technology center valued at …

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