bussines news

Farmers engaged in tea cultivation in Ethiopia have expressed satisfaction as they have been productive and obtaining benefits to improve their livelihoods. The tea farms development program that was initiated by Prime Minister Abiy Ahmed three years back is already showing productive progress. The current fiscal year has seen the establishment of expansive tea plantations …

Farmers Encouraged by Tea Development Potential in Ethiopia Read More »

The Ministry of Water and Energy announced significant progress in expanding access to clean drinking water nationwide. The country’s coverage rate has reached 69.52 percent. The announcement came during a discussion on the implementation of the ministry’s performance of the just concluded fiscal year and the plan for the current budget year. The Minister and …

Ethiopia’s Clean Drinking Water Coverage Reaches Nearly 70 percent Read More »

We had the honor of welcoming Moussa Faki Mahamat, African Union Commission Chairperson at the Ethiopian state-of-the-art facility today, according to the Ethiopian Airlines Group. Moussa Faki’s visit also incorporated a discussion with our Group CEO MesfinTasew and other executive management members, it said. It added that as the Pan-African airline that played a significant …

AUC Chairperson Moussa Faki Pays Visit to Ethiopian State of the art Facility Read More »

Ethiopia has secured over 6 billion US dollars in remittance during the concluded fiscal year, Ethiopian Diaspora Service disclosed. The remittances to Ethiopia have reached an unprecedented level, exceeding six billion USD in the 2023/24 fiscal year and marking a substantial increase in foreign currency inflows to the country, according to the Ethiopian Diaspora Service. …

Ethiopia’s Annual Remittances Surpass 6 Billion USD Read More »

Indonesia’s Ambassador to Ethiopia, Al Busyra Basnur, said that he is surprised by the ongoing magnificent development in Addis Ababa since his arrival at the capital city about five years ago. Recall that the Government of Ethiopia has been exerting efforts to transform Addis Ababa’s appearance and establish a solid foundation for building a modern …

Ambassador Surprised by Magnificent Change in Addis Ababa Read More »

The inaugural East Africa Infrastructure and Water Expo is to be conducted in Addis Ababa, Ethiopia in the upcoming June 2025 which will prioritize infrastructure advancement. In its press release sent to ENA, Big 5 Construct Ethiopia revealed that the new event is designed to encourage conversation, collaboration, and innovation in the critical field of …

Addis Ababa to Host East Africa Infrastructure and Water Expo Read More »

Ethiopia’s Finance Minister Ahmed Shide discussed with UN Economic Commission for Africa (ECA) Executive Secretary Claver Gatete the upcoming preparatory meeting for the 4th Conference on Financing for Development. According to the Ministry of Finance, the conference is scheduled for July 22-26, 2024, in Addis Ababa. The conference will focus on reinforcing Africa’s collective interests, …

Finance Minister, ECA Chief Confer on Upcoming Conference on Financing for Dev’t Read More »

The Ethiopian Embassy in New Delhi, in collaboration with the Associated Chambers of Commerce and Industry of India (ASSOCHAM), organized a Business Forum to explore and promote business and investment opportunities in Ethiopia. Deputy Head of Mission Ambassador Bizunesh delivered a keynote speech highlighting the ample business and investment opportunities in Ethiopia. A comprehensive presentation …

Indian Companies Engaged In Pharmaceuticals, Agriculture Sectors To Explore Opportunities In Ethiopia Read More »

State-owned Ethio Telecom has announced a record performance for the fiscal year 2023/2024, reporting a substantial revenue increase of 21.7% to reach Birr 93.7 billion. This represents a Birr 16.7 billion surge over the previous year, surpassing the company’s targets by 103.6%. CEO Frehiwot Tamiru unveiled the company’s financial results, highlighting a net profit of …

Ethiopia: Ethio Telecom Posts Record Revenue Read More »

The Ethiopian Coffee and Tea Authority (ECTA) announced that 46,000 tons of coffee were shipped abroad in June, generating USD 218 million in revenue. The fiscal year also saw a significant export of coffee. The country exported a total of 298,500 tons of coffee throughout the year, exceeding the previous year’s figures by 20%. This …

Ethiopia Exports 46,000 Tons of Coffee in June Read More »