bussines news

Ethiopia Working Aggressively To Finalize Its Accession To WTO, Implement AfCFTA

 Ethiopia is aggressively working to finalize its accession to the World Trade Organization (WTO) in the coming three years, Minister of Trade and Regional Integration, Gebremeskel Chala remarked. The National Committee on the WTO membership negotiations and the African Continental Free Trade Area (AfCFTA) held its meeting today in Addis Ababa. The Committee was established …

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NBE, Central Bank Of China Discuss Potential Technical Cooperation

 A delegation from the National Bank of Ethiopia, including the Vice Governor, Senior Advisors, and Directors, along with the CEO of the Ethiopian Securities Exchange (ESX) embarked on a key visit to China’s cities of Beijing, Shanghai, and Shenzhen. The delegates’ trip to the Asian country aims to study China’s journey in financial sector liberalization, …

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CBE Collects Over 100bn Birr In Deposit Accounts Through CBE Noor Service

The Commercial Bank of Ethiopia (CBE) confirmed that it has collected more than 100 billion birr in deposit accounts through CBE Noor banking services in the last 10 years. The Bank celebrated the 10th anniversary of the start of interest free banking service (CBE Noor) in Jimma city. According to Nuri Hussain, Vice President of …

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Health Minister Urges Russian Companies To Invest In Ethiopia’s Pharmaceutical Sector

The Ethiopian Health Minister, Dr. Lia Tadesse received at her office the Russian delegation led by the Head of the Federal Agency for Minerals Resources of the Russian Federation, Evgeny Petrov (PhD). The two sides discussed, among others, the 100 years of service being offered by the Dejazmach Balcha Hospital of the Russian Red Cross …

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Russia’s Agroinvest Group To Engage In Ethiopia’s Industrial Parks

The Russian Investment Group, which consists of 17 huge manufacturing companies, has announced its decision to invest in Ethiopia’s industrial parks. The Russian investment group, also known as AGROGROUPINVEST, has an investment capital of more than 10 billion rubles. Industrial Parks Development Corporation CEO, Aklilu Tadesse, received the Director of the Investment Group and his …

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Ethio Telecom Launches Telebirr-Based Digital Financial Marketplace

Ethio Telecom has officially launched today a telebirr-based Digital Financial Marketplace that enables Banks, Microfinance, Insurance, and other institutions in the ecosystem to easily make their financial products accessible to their customers. The new platform is also said to enable institutions in the financial sector to manage their share buying and selling processes cost-effectively. The …

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Ethiopia Capitalizes On Korea-Africa Forum To Promote Investment Opportunities

Ethiopia’s ambassador to Korea, Ambassador Dessie Dalkie, presented the investment potentials of Ethiopia and Ethio-Korea future potential cooperation areas during the 2nd Korea-Africa Trade and Industry Cooperation Forum held in Seoul, South Korea Yesterday. The Ambassador expounded on the current economic situation in Ethiopia, priority areas for foreign investment, and areas of cooperation between Ethiopia …

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