News

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 »

 Ethiopian Airlines launched three times a week flights from its hub Addis Ababa Bole International Airport to Maun, a tourist destination in Botswana. It is stated that the new route will provide convenient and seamless connectivity for travelers from Ethiopia and other parts of Africa to the popular tourist destination of Maun, which is the …

Ethiopian Officially Launches Three Times A Week Flights To Botswana’s Maun City Read More »

Enabling greater private sector investment and participation in Africa’s electricity markets through policy and regulatory enhancements is crucial for sustainable financing, Energy Policy Expert at the Economic Commission for Africa (ECA) underscored. On Friday, ECA, RES4Africa Foundation, and Gestore dei Servizi Energetici (GSE) successfully concluded a High-Level Policy and Regulatory Training on Electricity Market Design …

Private Sector Investment, Participation in Africa’s Electricity Markets Key for Sustainable Financing Read More »

The Ethiopian Airlines has officially resumed flights to the historical city of Axum, a UNESCO World Heritage Site renowned for its cultural significance. In tandem with other federal and regional officials, the CEO of Ethiopian Airlines, Mesfin Tassew, and President of the Interim Administration of Tigray Region, Getachew Reda, attended the inaugural ceremony. According to …

Ethiopian Airlines Officially Resumes Daily Flights To Historical City Of Axum Read More »