bussines news

The National Bank of Ethiopia (NBE) is set to undergo significant institutional reorganization as the country moves toward a more liberalized financial system. Two key proclamations—the NBE establishment proclamation and the banking business proclamation—are expected to be finalized in the coming weeks, marking a turning point for Ethiopia’s banking sector. During recent parliamentary sessions, NBE …

Ethiopia’s Central Bank to Undergo Major Reorganization Amid Banking Liberalization Read More »

The Debre Birhan City Administration announced that investment licenses have been granted to developers who registered a combined capital of Birr 10 billion during the past quarter. The town’s Mayor, Bedlu Wubshet, highlighted the city’s efforts to position itself as a premier destination for investment and tourism, leveraging its favorable conditions and vast development potential. …

Ethiopia: Debre Birhan Attracts Birr 10 Billion Birr in Investments Read More »

Officials from Qatar and Mauritania have shown keen interest to expand trade exchange and explore immense investment potentials from the rapidly transforming agriculture sector of the country. The World without Hunger conference convened in Addis Ababa from November 5-7, 2024 where Ethiopia used the opportunity to showcase its rapid transformation of the agriculture sector to …

Qatari, Mauritanian officials show interest in Ethiopian food crops Read More »

The 13th edition of the International Conference on Pulses and Oilseeds commenced in Addis Ababa, Ethiopia, this morning, Minister of Trade and Regional Integration, Mr. Kassahun Gofe (PhD) confirmed. The conference is being held at the Adwa Victory Memorial Hall, in the Ethiopian capital. In his opening speech, Kassahun conveyed a message to exporters from Ethiopia …

13th Int’l Conference on Pulses, Oilseeds kicks off in Addis Ababa Read More »

China’s Jihua Group, a leading supplier of military clothing, shoes, hats, ammunition, and defense equipment to China’s defense sector, is ready to take advantage of the investment opportunities in Ethiopia’s military clothing, footwear, hats, and bulletproof vest industry. During their visit to Addis Ababa, the delegation met with the Ethiopian Minister of Industry, Mr. Melaku …

China’s Jihua Group says ready to exploit investment opportunities in Ethiopia Read More »

The Ministry of Trade and Regional Integration has reported a notable increase in foreign exchange earnings from Ethiopia’s cereal and oilseed exports, with over USD 156 million generated in the first four months of the current fiscal year. In a statement, Minister of State for Trade and Regional Integration, Yasmin Wahbrebi highlighted that Ethiopia’s agricultural …

Ethiopia’s Foreign Earnings from Pulses and Oilseeds Surge Read More »

Ethiopian Ambassador to North Macedonia with residence in Rome, Demitu Hambisa discussed with the Minister of Foreign Affairs and Trade of North Macedonia, Timcho Mucunski. During their discussion, both sides praised the existing cooperation between the two countries in bilateral and multilateral forums. The two sides agreed to organize high-level visit exchanges aimed at further …

Ethiopia, North Macedonia Vow to Consolidate Relationship in Economic Sphere Read More »

Ethiopian Cargo and Logistics Services, Africa’s leading air cargo network operator, has won the “Best Cargo Airline-Africa” award at the Arabian Cargo Awards in Dubai, United Arab Emirates (UAE). Ethiopian Cargo and Logistics Services has been honored with this award for the second consecutive year at the Arabian Cargo Awards, it was learned The Arabian …

Ethiopian Wins ‘Best Cargo Airline-Africa’ at the Maiden Arabian Cargo Awards Read More »

Ethio-Engineering Group, SG Automotive Group, and Mr. Luta Investments Group have entered into a tripartite Memorandum of Understanding to collaborate on the assembly of electric vehicles in Ethiopia and address technical matters. The agreement aims to expedite the transition to electric vehicles and collaborate on ensuring access to energy supply within the country. Additionally, the …

Tripartite MoU signed to assemble electric vehicles in Ethiopia Read More »

The China-Africa (Ethiopia) Economic and Trade Cooperation Forum has commenced in Addis Ababa with participation from a high-level Chinese delegation. In his opening speech, Minister of Finance, Mr. Ahmed Shide, highlighted the deepening of the relations between Ethiopia and China to a higher level. He noted that under the leadership of Prime Minister Abiy Ahmed, …

Chinese companies encouraged to invest in key economic sectors in Ethiopia Read More »