bussines news

The commencement of Ethiopian Airlines flights to Dhaka will boost the investment and business cooperation between Ethiopia and Bangladesh, Bangladesh Ambassador to Ethiopia, Sikder Bodiruzzaman underscored. Ethiopian Airlines, Africa’s largest airline and a member of the Star Alliance has officially launched the commencement of its new five weekly flights to Dhaka, Bangladesh. Speaking on the …

Ethiopian flight to Dhaka boosts investment, business cooperation between Ethiopia & Bangladesh Read More »

 Ethiopian Airlines has shared an exciting update on social media, revealing that the countdown has begun for the arrival of its new A350-1000, just two days away. Described as a game-changer for air travel, the airline emphasized that this state-of-the-art aircraft will offer passengers an exceptional flying experience. Scheduled to arrive on November 6, this …

Ethiopian Airlines set to receive Africa’s first A350-1000 in just two days Read More »

The pace and ambition of the economic reform taking place are very impressive to penetrate investment opportunities in Ethiopia, Elisabeth Hirschbichler who led an Austrian business delegation to Ethiopia said. Austria-Ethiopia Business Forum was held in Addis Ababa last week aimed at bolstering the economic ties of the two countries. In an exclusive interview with …

Austrian delegation impressed by pace, reformed investment climate in Ethiopia  Read More »

The Lemi National Cement Factory, the largest in Ethiopia, has announced that it has commenced supplying its products to the local market since yesterday. With a production capacity of 150,000 quintals per day, the factory aims to significantly reduce Ethiopia’s reliance on cement imports, thereby boosting the country’s construction and infrastructure sectors. Completed in just …

Lemi National Cement Factory begins supplying local market Read More »

The Industrial Parks Development Corporation (IPDC) reported attracting USD 300 million in investments and generated over USD 26 billion in export revenue in the first quarter of the 2024/25 fiscal year. According to IPDC’s Deputy Chief Executive Officer for Investment Promotion and Marketing, Zemen Junedi, 45 new investors have committed to ventures within the industrial …

Ethiopia’s Industrial Parks Development Corporation Attracts USD 300 Million in Investments Read More »

Ethiopia’s State Minister of Finance, Semereta Sewasew held a strategic discussion with the Director of Key Accounts from Alibaba International Digital Commerce Group – AliExpress, alongside their respective teams in Addis Ababa. This meeting marks a pivotal step in advancing Ethiopia’s e-commerce landscape as AliExpress officially launches its services in the country, focusing on job …

Ethiopia Expands E-Commerce Sector in Partnership with AliExpress Read More »

The Ministry of Planning and Development (MoPD) announced that Ethiopia secured Birr 180 billion in revenue and attracted USD 890 million in foreign direct investment (FDI) in the first quarter of the fiscal year. In a presentation on the government’s 100-day reform and economic performance, MoPD State Minister Tirumar Abate emphasized that these gains bring …

Ethiopia Secures Birr 180 Billion in Revenue Read More »

The Cooperative Bank of Oromia has launched over 200 “Smart” branches across various locations. These branches are designed to provide customers with seamless, paperless banking services using tablet technology developed exclusively for this purpose. The new “Smart” branches will enable customers to digitally perform essential banking tasks, including deposits, withdrawals, and money transfers. This digital-first …

Ethiopia: Cooperative Bank of Oromia Launches 200 “Smart” Branches Read More »

Addressing the House of Peoples’ Representatives today, Prime Minister Abiy Ahmed (PhD), stated that the government has begun works to construct Africa’s largest airport, set to handle 100-130 million passengers annually. The new airline will be connected to the existing one though rail transport, the Premier disclosed. The Prime Minister also pointed out that the …

Ethiopia begins construction of Africa’s largest airport, expands fleet with 124 new aircrafts Read More »

 Ethiopian Airlines, the largest African passenger and cargo carrier, announced today that it is set to start cargo services in Ouagadougou, the capital of Burkina Faso. In a short statement published on its social media page, the Airline disclosed that the cargo service to the West African nation’s capital will be effective from November 1st, …

Ethiopian expands cargo network to Ouagadougou Read More »