bussines news

The Ethiopian Securities Exchange (ESX), a major advancement in the nation’s financial framework, is scheduled to officially launch in early January. This initiative represents a pivotal step in Ethiopia’s national economic reform efforts to strengthen collaboration between the public and private sectors. Tilahun Esmael Kassahun, CEO of the Ethiopian Securities Exchange, emphasized that the ESX …

Ethiopian Securities Exchange Set to Launch in January Read More »

Ethiopian Airlines Group has signed a strategic cooperation agreement with Xiamen Iport Group and a memorandum of understanding with China Henan Aviation Group Co., LTD. These agreements are founded on principles of complementary advantages, resource sharing, innovative development, and mutual benefit, it was learned. The strategic agreement and the MoU aim to foster the in-depth …

Ethiopian Inks Strategic Cooperation Agreement with Xiamen Iport Group, MoU with China Henan Aviation Group Co., LTD Read More »

 Ethiopia’s Special Economic Zones (SEZs) are poised to attract more investors from Bangladesh, thanks to the country’s ongoing macroeconomic reforms, said Fisseha Yitagesu (PhD), CEO of Industrial Parks Development Corporation. Fisseha made the statement during a meeting with Bangladesh’s Ambassador to Ethiopia, Sikder Bodiruzzaman, at the embassy premises yesterday. The discussion aimed to enhance the …

Ethiopia offers opportunities for Bangladesh investments to expand in special economic zones Read More »

Arifpay Financial Technologies S.C. has introduced Arifpay 3.0, an innovative suite of products designed to meet the evolving needs of businesses and consumers in Ethiopia. In his online remarks during the launching ceremony, the Board Chairperson of the company, Samuel Alemu, stated that the new solution would contribute to the ongoing national activities to revolutionize …

Arifpay injects new solution into the digital payment system in Ethiopia Read More »

Ethiopian Railways Corporation (ERC) has signed a Memorandum of Understanding (MoU) with COIPA Capital, a company known for identifying high-yield investment opportunities, to advance strategic railway and logistics projects. The agreement, signed by ERC Deputy CEO Getu Gizaw and COIPA Capital CEO Vito Favorito Sciammarella, marks a step toward modernizing Ethiopia’s infrastructure. Speaking at the …

Ethiopian Railways Corporation Partners with COIPA Capital to Advance Infrastructure Projects Read More »

The Commercial Bank of Ethiopia (CBE) and the Ministry of Innovation and Technology have signed an agreement to digitize payment collections for federal agencies. This partnership enables digital payments for services provided by 26 federal offices and 360 associated institutions. Ato Wegayehu Gebremariam, CBE’s Vice President for Digital Banking, emphasized the convenience and efficiency of …

Ethiopia: CBE and Ministry of Innovation Ink Deal to Digitize Federal Payment Systems Read More »

The Ministry of Finance, in collaboration with the Lexis Nexis Rule of Law Foundation, has launched a new online platform aimed at providing easy access to Ethiopian tax laws and regulations. The website hosts over 300 tax laws in both Amharic and English. At the launch event, Finance State Minister Eyob Tekalegn (PhD) emphasized that …

Ethiopia: Ministry of Finance Launches Online Portal for Accessing Tax Laws Read More »

The Hawassa City Administration Investment Promotion Office revealed that the city issued licenses to investors who have collectively registered capital exceeding Birr 1.1 billion in the first quarter of the 2024/25 fiscal year. According to Ato Tadesse Fikre, Head of the Investment Promotion Office, 14 major projects, slated for implementation in the current fiscal year, …

Ethiopia: Hawassa City Issues Investment Licenses Worth Over Birr 1.1 Billion in Three Months Read More »

Ethiopian Airlines Group has celebrated the arrival of its second Airbus A350-1000, registered as ET-BAX. This addition reinforces Ethiopian Airlines’ standing as Africa’s leading airline. The A350-1000, part of a four-aircraft order, was first introduced to the fleet in November 2024, making Ethiopian Airlines the first African operator of this aircraft. In a parallel milestone, …

Ethiopian Airlines Welcomes Second Airbus A350-1000, Launches Border Management Transformation Program Read More »

Hoatzin Investments Ltd, a company engaged in rare earth metals and green energy conversion and value enhancement, has expressed its keen desire to set up its state-of-the-art green refining industrial plant in Ethiopia, the Ethiopian Embassy in Nairobi revealed today. The Embassy shared this story on its social media page after the meeting between the …

Hoatzin Investments to set up its green refining industrial plant in Ethiopia Read More »