bussines news

The Head of the Tourism Bureau of the Amahra Regional State, Tahir Mohammed, announced that Ethiopian Airlines launched new domestic routes in connection with the forthcoming major festivals; Timket (Epiphany) and Genna holidays to be celebrated in the region with unique religious and traditional rituals. Tahir exclusively told FBC that ample preparations have been made …

Ethiopian Launches New Domestic Routes On Forthcoming Festivals In Amhara Region Read More »

The deal on Somaliland‘s Berbera port comes months after Ethiopian Prime Minister Abiy Ahmed said his country, Africa’s second most populous, would assert its right to access the Red Sea, sparking concerns among its neighbours. On the southern coast of the Gulf of Aden, Berbera offers an African base at the gateway to the Red Sea and further north …

Ethiopia signs ‘historic’ port agreement with Somaliland for sea access Read More »

Ethiopian Airlines, following Prime Minister Abiy Ahmed’s invitation, has reduced the price of plane tickets and hotel accommodation for those second-generation diaspora coming home. The premier called on the second-generation members of the diaspora to come to Ethiopia in three rounds last week while inaugurating the Chebera Elephant Paw Lodge. Following the call, a main …

Ethiopian Airlines Announces Discounted Fare For Second-Generation Diaspora Read More »

Despite ongoing economic turbulence, East Africa Macroeconomic Outlook, Volume IV by Deloitte, paints a cautiously optimistic picture for the region. At a closer look at Ethiopia, although inflation remains a significant concern, projected at 30.8% in 2023, the report highlights promising signs of progress.   The overall economy is expected to expand by 6.0% this year, followed by further growth of 6.2% in …

Deloitte Bets Big on Ethiopia’s Tourism, Finance, and Energy Trio in 2024  Read More »

The French Development Agency (AFD) has reaffirmed its dedication to strengthening its comprehensive development collaboration with the Ethiopian government. Minister of Planning and Development, Fitsum Assefa, and State Minister, Nemera Gebeyehu exchanged views with the Director of AFD for Ethiopia, Louis Anthony Sochet on the ongoing collaboration. On the occasion Fitsum, highlighting the enduring cooperative …

French Dev’t Agency Reaffirms Commitment to Strengthen Partnership with Ethiopia Read More »

Prime Minister Abiy Ahmed said under the ‘Bounty of the Basket’ (Ye Lemat Tirufat) program milk, poultry, and meat production rates have marked good results in the last Ethiopian calendar year. ‘Bounty of the Basket’ (Ye Lemat Tirufat) is a national government program being implemented to improve dairy, poultry, egg, honey, fish, and meat production, …

PM Abiy Says ‘Bounty of the Basket’ Program Achieves Good Results Read More »

The new Ethiopian industry policy has been giving priority to the local manufacturers, Industry Minister Melaku Alebel said. The special attention given to the manufacturing industry through the Home-grown Economic Reform and the 10-year Perspective Development Plan have been contributing to the overall improvement of the sector, the minister said. Melaku added that the government …

Ethiopia’s New Policy Prioritizes Local Manufacturers, Says Industry Minister Read More »

Nigeria-based Riverside LNG said it’s in talks to supply gas to South Africa, in what would be the first such deal between the two countries, Bloomberg reports. According to the report, the company earlier this year signed a gas-export partnership agreement with Johannes Schuetze Energy Import AG of Germany and is now looking for deals …

Nigeria Nearing First-Ever Deal To Supply Gas To South Africa Read More »

Industrial Parks Development Corporation (IPDC) disclosed that it is providing a One-Stop-Service to investors engaged in the various parks across Ethiopia in collaboration with relevant government agencies. The One-Stop-Service (OSS) is a vital initiative in Ethiopian industrial parks that aims to simplify and streamline the process for investors and businesses. IPDC administers the One-Stop-Service in …

IPDC Providing One-Stop-Service to Investors Engaged in Parks Across Ethiopia Read More »