News

The financing framework agreement signed on Sunday between Ethiopia and South Korea is highly anticipated to foster the economic linkages between the two countries, Ethiopia’s Finance Minister, Ahmed Shide underscored. Recall Prime Minister Abiy Ahmed and First Lady Zinash Tayachew are in Seoul, South Korea for an official visit and to attend the inaugural Korea-African …

Finance Minister Expresses Confidence on Ethi-S.Korea Financing Framework Agreement to Foster Economic Ties  Read More »

Prime Minister Abiy Ahmed and South Korean President Yoon Suk Yeol have signed a 1 billion US dollar financing framework agreement today. The financing framework agreement targets projects to be implemented over the next four years, according to the Office of the Prime Minister. Prime Minister Abiy Ahmed was warmly received by President Yoon Suk …

Ethiopia, South Korea Sign 1 Billion USD Financing Framework Agreement Read More »

Ethiopian Intellectual Property Authority (EIPA) announced Ethiopia’s commitment to safeguarding its genetic resources and associated traditional knowledge. This comes after signing the Final Act of a new treaty with the World Intellectual Property Organization (WIPO) on May 24, 2024. The treaty, adopted unanimously by WIPO member states, marks a step forward in protecting these valuable …

Ethiopia Signs WIPO Treaty to Protect Genetic Resources and Traditional Knowledge Read More »

Ethiopia’s cement industry is poised for growth with the upcoming launch of the Lemi National Cement Factory. Expected to begin production in two months, the factory is projected to fill a major gap in the country’s cement supply. At full capacity, Lemi will produce 6.4 million tons of cement annually, nearly doubling Ethiopia’s current production. …

Lemi Cement Factory to Become Operational in Two Months Read More »

Ethiopia’s healthcare industry is gearing up for a major showcase with the first-ever domestic medical resource production and innovation exhibition. The event, “Our Health is Our Products,” will be held from June 22nd to 27th, 2024. The exhibition aims to boost the local medical equipment manufacturing sector. It will create a platform for businesses to …

Ethiopia to Showcase Local Medical Innovation Read More »

The Ministry of Mines announced that USD 274 million has been earned from gold exports in the last nine months, reflecting an 83% growth compared to the previous year. The revenue is attributed to a rise in gold production by both commercial mining companies and traditional miners. They delivered 3.023 tons of gold to the …

Ethiopia Gains USD 274 Million from Gold Export Read More »

Wegagen Bank and Mpesa, a mobile banking platform offered by Safaricom Ethiopia, have joined forces to provide customers with convenient digital payment solutions. This partnership, approved by the National Bank of Ethiopia, aims to eliminate the need for cash transactions. Goytom Gebretsadkan, Deputy Executive Representative of Wegagen Bank’s Technology Sector, signed the agreement, and Paul …

Wegagen Bank and Mpesa Partner to Offer Digital Payment Services Read More »

Ethiopia is actively pursuing the diversification of ports to boost its economy, Transport and Logistics State Minister Dange Boru said. The focus is on Ethiopia’s efforts to expand its options for maritime trade, which is seen as a strategy to drive economic growth and development within the country. A half-day panel discussion organized by the …

Ethiopia Committed To Diversifying Ports To Stimulate Economy – Ministry Read More »

Ethiopian Airlines Group Chief Executive Officer Mesfin Tasew said that the Airline is working to make the country a “hub of Africa’s aviation.” US-based global aerospace giant Boeing announced earlier this week that it will open its African headquarters in Ethiopia. The decision puts an end to speculation about South Africa and Kenya being the …

Ethiopian Striving To Make The Country Hub Of Africa’s Aviation Read More »

Ethiopian Airlines has announced that it has launched new thrice-weekly passenger flights to Freetown, Sierra Leone, via Ouagadougou, Burkina Faso starting on, the 31st of May 2024. In his opening remarks, the CEO of Ethiopian Airlines, Mesfin Tasew, the launch of the Addis Ababa – Freetown flight service shows how the efforts to integrate the …

Ethiopian Airlines Launches New Thrice Weekly Passenger Flights To Freetown Read More »