News

Ethiopia has taken a step towards expanding its horticultural exports by signing a Memorandum of Understanding (MoU) with the Common Market for Eastern and Southern Africa (COMESA). The agreement aims to enhance cooperation in the production and export of avocados, onions, and potatoes. The announcement was made during the COMESA Horticulture Forum held in Addis …

Ethiopia and COMESA Join Forces to Boost Horticultural Exports Read More »

Ethiopia raked in over USD 180.45 million from exporting 40,532 tons of coffee in July this year, marking a substantial increase of 132% in volume and 110% in revenue compared to the same period the previous year. Ethiopian Coffee and Tea Authority’s Director General, Dr. Adugna Debala, expressed optimism about the industry’s potential, suggesting that …

Ethiopia Generates USD 180 from Coffee Export Read More »

Iran’s ambassador to Ethiopia, Ali Akbar, said that efforts will be made for Iranian investors to invest in industrial parks in the fields of agro-processing and vehicle manufacturing and assembly. Industrial Parks Development Corporation (IPDC) CEO, Fisseha Yitagesu received the ambassador at his office and had a discussion. During the discussion, the two officials exchanged …

Iran Desirous to Encourage Its Investors to Invest in Ethiopia’s Industrial Parks Read More »

Guangzhou Automobile Corporation (GAC), a Chinese state-controlled vehicle manufacturing company, together with Huajian Group, today declared that it is set to start assembling electric vehicles in Ethiopia soon. GAC’s decision was revealed during a discussion between Ethiopia’s Minister of Transport and Logistics Alemu Sime and a Chinese delegation, consisting of Huajian Group and GAC senior …

Guangzhou Automobile Corporation to start assembling EVs in Ethiopia soon Read More »

 Ethio telecom disclosed that it is carrying out activities to expand mobile telephone networks across all rural parts of Ethiopia by utilizing renewable energy as alternative mechanism. Ethio-telecom has today inaugurated rural mobile telephone network projects in Somali and Central Ethiopia regions. Network Infrastructure Deputy Chief Officer, Alem Haile-Mariam said the Rural Mobile Network Solution …

Ethio telecom working to expand mobile telephone network in all rural areas of country Read More »

 Ethiopian Airlines, Africa’s largest carrier, today announced that it will increase its weekly direct flight to Brussels, Belgium, and serve the city with a daily direct flight. In a statement published on social media, the airline stated that the latest schedule will be effective as of October 27, 2024. Source: FBC

Ethiopia has officially become the 88th member of the WorldSkills organization, marking a significant milestone in the country’s efforts to enhance its technical and vocational education and training (TVET) system. The Ministry of Labor and Skills announced the membership, highlighting the two-year process leading to this achievement. Minister Mufferiat Kamil emphasized the economic, political, and …

Ethiopia Joins WorldSkills Read More »

The National Bank of Ethiopia (NBE) announced that it was now accepting applications for Independent Foreign Exchange Bureaus. This move is in line with the newly implemented Foreign Exchange Directive (FXD/01/2024). These new bureaus will be authorized to buy and sell foreign currency cash notes at rates determined by market forces. This marks a significant …

Ethiopia: National Bank Accepts Applications for Forex Bureaus Read More »

AliExpress, a major online retail service owned by Alibaba Group, is entering the Ethiopian market. According to Abiyot Bayu, (PhD) a Senior Advisor to the Minister of Innovation and Technology, who spoke with Shega, the agreement has been reached, and an official announcement will be made soon. This news comes after a virtual meeting on …

Chinese E-commerce Giant Alibaba to Enter Ethiopia Read More »

Ethio-Engineering Group unveiled plans to construct a modern steel factory. The project is slated to commence in Nekemte city during the current fiscal year. The factory’s state-of-the-art equipment and technology, imported from Italy, have already arrived in the country. The facility will comprise three distinct production units dedicated to transforming iron ore into various steel …

Ethiopia: Ethio-Engineering Group to Build a Modern Steel Factory Read More »