bussines news

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 »

Ethiopian Airlines has received the “Corporate Sustainability Achievement Award” at the BRICS-CCI (BRICS-Chamber of Commerce and Industry) Annual Recognition Awards 2024 that took place in Delhi, India, according to a press release of the airline. The BRICS-CCI is a parent organization that promotes commerce and industry in the BRICS nations. The annual Recognition Awards 2024 …

Ethiopian Airlines Wins “Corporate Sustainability Achievement Award” Read More »

The Ethiopian Ministry of Trade and Regional Integration (MoTRI) today confirmed that 14.19 million USD was obtained from the export of soybean by-products during the last six months of the current Ethiopian fiscal year. According to the Ministry, the envisaged revenue from the export of soybean by-products was delineated at 12.38 million US dollars; nevertheless, …

Over $14mln Obtained From Export Of Soybean By-Products Read More »

Minister of Finance Ahmed Shide ordered a temporary suspension of accrued social welfare taxes imposed on importers, citing delays and implementation difficulties since the enforcement of the regulation. He sent a letter to the Customs Commission three weeks ago, signifying a decision pending further investigation into the hurdles faced by importers. The social welfare tax, …

Ministry Suspends Tailled-Up Social Welfare Taxes Read More »

Foreign Affairs State Minister for Political and Economic Diplomacy, 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, the State Minister briefed the business delegation on …

Chinese Delegation Expresses Readiness to Promote More Trade and Investment with Ethiopia Read More »

The Ethio-Djibouti Railway Board and Shareholders convened in the city of Djibouti to discuss the comprehensive Six-year Report and approve the 2024 Budget Plan. The objective of the meeting, according to the Ethiopian Embassy in Djibouti, was to promote regional integration and facilitate the development of bilateral engagements. The meeting was attended by an Ethiopian …

Ethio-Djibouti Railway Board, Shareholders Meeting Held Read More »