bussines news

Addis Ababa-Algiers Direct Flight Launched

Addis Ababa, September 22, 2023 – A direct flight between Ethiopia and Algeria has been launched today, the Ethiopian Embassy in Algiers said. The Addis Ababa-Algiers direct flight was inaugurated by Ambassador Extraordinary and Plenipotentiary of Ethiopia to Algeria, Nebiat Getachew, Mr. Youcef Cherfa, Transport Minister of Algeria, and Mr. Yacine Benslimane, on September 22, …

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Ethiopia-Canada Business, Investment Forum Concludes

Addis Ababa, September 22, 2023 (FBC) – The Ethiopia-Canada Business & Investment Forum in Toronto has ended successfully where dozens of Ethiopian businesses explored market and partnership opportunities, while Canadian businesses sourcing and investment opportunities in agriculture, manufacturing and mining. During the course of the forum, both sides expressed a willingness to follow up through …

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Eastern Corporation Expresses Desire To Engage In Manufacturing Sector In Ethiopia

Eastern Corporation, a company with extensive experience in the construction sector in the United States, expressed its desire to engage in the manufacturing sector in Ethiopia. The Corporation expressed its interest in a meeting between IPDC Chief of Staff Mr. Fitsum Ketema, and the CEO of the American Eastern Corporation, David Ham, and his delegation. …

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Ethiopian Coffee Showcased At Asian Games In Hangzhou

The Ethiopian Embassy in Beijing showcased the country’s coffee products at the ongoing Coffee Month of Asian Games, in Hangzhou City, Zhejiang Province, China. The Embassy indicated that September 21 and 22 were scheduled as Ethiopian coffee promotion days by the organizers. Following the increasing consumption of coffee in China, the program aims to promote …

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Ethiopian Delegation Attends China-HOA Agricultural Cooperation Global Forum

 The Ethiopian Embassy in China attended the Global Forum on Soil Health held in Yangling, Shaanxi, China on September 19 and 20. It is noted that the forum brought together about 160 delegates from 32 countries including representatives from the Horn of African countries, international organizations, the private sector, and non-governmental organizations. Focusing on“Soil Health …

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Central Bank nods to long-awaited currency convertibility assurance  

The National Bank of Ethiopia (NBE) is committed to offering the much-anticipated guarantee of converting local currency funds to hard currencies for foreign investments deemed “strategic.” In its latest directive issued a week ago, the NBE allowed the opening and operation of offshore accounts for strategic foreign direct investment projects, mainly mining and Public-Private Partnership …

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The United Nations Industrial Development Organization wants to strengthen its cooperation with Ethiopia.

The general director of the organization, Gerd Muller, announced that the United Nations Industrial Development Organization (UNIDO) wants to strengthen its relationship with Ethiopia.The 78th United Nations General Assembly is being held in New York.Deputy Prime Minister and Minister of Foreign Affairs Demeke Mekonon discussed with United Nations Industrial Development Organization (UNIDO) Director General Gerd …

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