bussines news

Several Chinese companies have disclosed intentions to visit Ethiopia soon to conduct pre-investment assessment in various sectors, according to the Ethiopian Embassy in Beijing. The companies’ interest was learned during a the meeting between Ambassador Tefera Derbew, Ethiopia’s Ambassador to the People’s Republic of China and senior officials of the companies earlier today at the …

Chinese Companies to Visit Ethiopia to Explore Investment Options in Various Sectors Read More »

The third edition of mining and technology expo, dubbed as MINTEX 2024, will be held from 23 to 26 November 2024 at the Millennium Hall in Addis Ababa, the Ministry of Mines of Ethiopia (MoM) announced today. The event will bring together various companies from across the world engaged in the sector, and the necessary …

The 3rd Mining & Technology Expo to be held in November Read More »

Ethiopian Airlines, the leading African carrier, announced the addition of three new flights from Addis Ababa to Guangzhou, China.  The Airline reminded us that it has been serving the portal city in South China six times weekly so far. The newly added flights will commence on September 27, 2024, further solidifying the airline’s extensive network …

Ethiopian Airlines cements China presence with 3 additional flights to Guangzhou Read More »

Vietnam’s textile solutions company Shin Textile Solutions (ShinTS) has disclosed its intentions to expand its presence in Ethiopia. The company’s plans were revealed during a meeting between Dessie Dalkie, Ethiopian Ambassador to the Republic of Korea and Non-Resident Ambassador to the Socialist Republic of Vietnam, and senior officials. The Ethiopian envoy visited ShinTS Bvt Co., …

Vietnam’s ShinTS Bvt Co. Ltd planning to expand its investment in Ethiopia Read More »

Buna Kurs Media has announced the inaugural Coffee Origin Festival (COFE), set to take place in Addis Ababa from October 1 to 3, 2024, at the Skylight Hotel. The festival, hosted by OTW 2024, will celebrate Ethiopia’s rich coffee heritage and International Coffee Day on October 1. COFE aims to highlight Ethiopia’s legacy as the …

Ethiopia: Addis Ababa to Host Coffee Origin Festival Read More »

The Ministry of Agriculture (MoA) has unveiled plans to establish 18 livestock collection centers in nine pastoralist and semi-pastoralist clusters, aiming to enhance Ethiopia’s livestock market. The centers will be constructed in key livestock regions, with three clusters each in Oromia and Somali, one in Afar, and two in the South and South West states. …

Ethiopia: MoA to Build 18 Livestock Collection Centers Read More »

Ethio Telecom has announced plans to secure Birr 163.7 billion in revenue for the 2024/25 Ethiopian fiscal year, marking a significant 74.7% increase from the previous year’s Birr 93.7 billion. CEO Frehiwot Tamiru outlined the ambitious goal while presenting the company’s annual plan. The state-owned telecom giant aims to expand its subscriber base by 6%, …

Ethiopia: Ethio Telecom Targets Birr 163.7 Billion Revenue for 2024/25 Fiscal Year Read More »

Ethiopian Reinsurance, established eight years ago with an initial capital of Birr 1 billion, announced that it has saved the country USD 50 million in foreign currency. The company, which provides reinsurance services to Ethiopian insurance companies, has played a crucial role in retaining funds that were previously spent abroad. Fikru Tsegaye, Executive Director of …

Ethiopian Reinsurance Saves USD 50 Million in Foreign Currency Read More »

The Oromia State Culture and Tourism Bureau has announced its preparations for the inaugural “Irreechaa Expo 2024,” set to be held at the Addis Ababa Bazar and Exhibition Center from September 28 to October 4, 2024. Deputy Head of the Bureau, Derara Tuluma, revealed that the event, organized in collaboration with Hagere Event and Promotion, …

Ethiopia: Oromia Announces First-Ever Irreechaa Expo 2024 Read More »

Today, Ethiopian Airlines, Africa’s largest carrier, announced that it will add two more flights to and from Athens, the capital of the Hellenic Republic. Following the latest two additional flights, the Airline will serve Greece’s historic capital and largest city six times a week. The latest schedule will be effective from 2 December 2024, the …

Ethiopian Airlines announces additional flights to Athens Read More »