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Amhara Credit and Saving Institute turns a bank
Addis Ababa, September 1, 2020 (FBC) – In a press conference held today, Amhara Credit and saving Institute (ACSI) has announced transformation of its Micro Finance System in to a bank.…
No change in fuel prices for September, except jet fuel: Ministry
Addis Ababa, September 1, 2020 (FBC) -The Ministry of Trade and Industry said the retail prices of fuel will remain unchanged for the month of September.
However, the price of jet fuel…
Ethiopian Airline unveils new terminal with biosecurity, biosafety measures
Addis Ababa, August 28, 2020 (FBC) - Ethiopian Airlines Group has completed a new passenger terminal at its hub in Addis Ababa Bole International Airport with emphasis on biosecurity and…
Ethiopian successfully completes winglet modification on B767 aircraft
Addis Ababa, August 26, 2020 (FBC) - Ethiopian Airlines aircraft maintenance technicians have successfully completed winglet modifications on Ethiopian B767 aircraft.
The revision done on…
Ethiopia becomes Africa’s second largest flower exporter
Addis Ababa, August 25, 2020 (FBC) -Ethiopia has become the second largest flower exporter in Africa, according to the Ministry of Agriculture (MoA).
The nation had done well in exporting…
All industrial parks under construction to go operational soon
Addis Ababa, August 23, 2020 (FBC) - Industrial Parks that are currently under construction across the nation will go fully operational in the coming Ethiopian New Year, said the Industrial…
Chinese firm completes first rigging up for Ethiopia’s 70-MW geothermal energy project
Addis Ababa, August 20,2020 (FBC) -- Chinese equipment and oil services company, Kerui Petroleum said it has successfully lifted the derrick and substructure for the first 1500HP drilling…
Revenue Ministry seizes undeclared currency worth $449,000 at boarder
Addis Ababa, August 20, 2020 (FBC) – Ministry of Revenue has seized undeclared currency worth 449, 000 US Dollars being smuggled out of the country through a border area near Humera Town on…
A new Turkish textile factory in Sebeta Town to commence production amid pandemic
Addis Ababa, August 20, 2020 (FBC) - Demka Textile and Investment PLC, a brand new Turkish textile manufacturing factory, is mulling ways of starting production amid the COVID-19 pandemic,…
Ministry grants 12 mineral exploration, production licences
Addis Ababa, August 19, 2020 (FBC) –The Ministry of Mines and Petroleum has granted licences to 12 companies with a combined capital of more than 402 million birr.
Of the total licences,…