bussines news

Officials of the Ethiopian Sugar Industry Group discussed with the officials of Cuba’s Azcuba Grupo Azucarrero sugar production company about possible cooperation issues. During the meeting, the CEO of Ethiopian Sugar Industry Group, Mr. Wayo Roba, asserted that there is an interest in cooperating with their Cuban counterpart in sugarcane biotechnology, development of various products, …

Ethiopian, Cuban Sugar Industry Groups Discuss Prospect Of Cooperation Read More »

A discussion forum was held in Italy on the sidelines of the Italy- Africa Summit to promote the existing investment opportunities in Ethiopia. New and prominent Italian companies that have a great desire to invest in Ethiopia have participated in the discussion forum organized by the Ethiopian Embassy in Italy. Ethiopian ambassador to Italy, Demity …

Discussion Forum Held in Italy to Promote Ethiopia’s Investment Potential  Read More »

Ethiopian Capital Markets Authority Set to Accept Applications for Investment Bank Operation License. The Ethiopian Capital Markets Authority has unveiled an opportunity for investors and financial institutions alike as it gears up to accept applications for Investment Bank Operation Licenses. In line with the implementation of the Capital Market Service Providers Licensing and Supervision Directive …

In Two Weeks, You Can Apply for An Investment Bank Operation License. Read More »

The global GDP growth is projected to slow from 2.7 percent in 2023 to 2.4 percent in 2024,  according to the World Economic Situation and Prospects (WESP) 2024 launched by the Economic Commission for Africa (ECA) in Addis Ababa, Ethiopia. Growth is forecast to improve moderately to 2.7 percent in 2025 but will remain below …

Global Economic Growth To Slow Despite Falling Inflation – UN Report Read More »

Ethiopian Airlines and Safaricom Ethiopia today announced the launch of M-PESA Wallet as a payment option. Ethiopian Holiday (ET-Holiday) Vice President Hailemelekot Mamo and Safaricom Ethiopia Chief Financial Services Officer, Paul Kavavu announced the launching. The M-PESA Wallet is an online mobile payment option that facilitates the booking process of Ethiopian and cross-border customers. With …

Ethiopian, Safaricom Launch M-PESA Wallet Payment Option Read More »

Giant Canadian companies with significant potential in the mining and agro-processing industries are currently making preparations to invest in Ethiopia, Ethiopian Ambassador to Canada, Fitsum Arega said. In an exclusive interview with ENA, the Ethiopian Ambassador to Canada, Fitsum Arega said the embassy is promoting Ethiopia’s investment opportunities and favorable conditions in various spheres. Thus, …

Giant Canadian Mining and Agro-processing Companies to Invest in Ethiopia Read More »

In the first half of the current Ethiopian fiscal year, Ethiopian Electric Power (EEP) revealed that it has amassed a sum of 12 billion 848 million 139 thousand 990 birr through electric power sales to domestic customers and the neighboring. The plan was to accumulate a sum of 13.473 billion 246 thousand 943 birr through …

Over 2.6bn ETB Obtained In 6 Months From Electric Power Export: EEP Read More »

Ethiopia and Italy have signed an Implementing Agreement to “Support job creation-oriented skills and infrastructures development”. The Agreement was inked by the State Minister of the Ministry of Finance, Semereta Sewasew, and the Italian Ambassador to Ethiopia, Agostino Palese. According to the Ministry of Finance, with this agreement, Italy commits to provide finance assistance for …

Ethiopia, Italy Sign Agreement to Support Job Creation Read More »

In the face of increasing competitive pressures, Ethiopia’s state-owned telecommunications provider, Ethio Telecom, has successfully overcome foreign currency shortages to announce a notable 26 percent annual growth in revenue, amounting to 42.9 billion Birr. In comparison to the corresponding period last year, this revenue surge reflects an increase of 8.86 billion Birr. The substantial profit …

Ethio Telecom Posts 26 Percent Annual Revenue Increase Read More »

Minister of State for Political and Economic Diplomacy at the Ministry of Foreign Affairs, Ambassador Mesganu Arga, earlier today met with a Chinese business delegation led by the Vice Chairman of the Department of International Relations of the China Council for the Promotion of International Trade (CCPIT), Zhang Shaogang. During the meeting, State Minister Ambassador …

MoFA State Minister Confers With Chinese Business Delegation Read More »