Business

Addis Ababa, May 26, 20 20 (FBC) –Ethiopia is among the leading countries in the East African region in its use of the Africa Growth Opportunity Act (AGOA) treaty. According to the US…

Addis Ababa, May 25, 2020 (FBC) –Granite deposit amounting more than 23 million tons has been discovered in three districts of east Gojam zone, Amhara regional state. The deposit was…

Addis Ababa, May 23, 2020 (FBC) – A joint forum established to arrest challenges of foreign direct investment (FDI) in Ethiopia held its regular meeting yesterday. Attendees discussed…

Addis Ababa, May 22, 2020 (FBC) Ethiopia has emerged as a key transit hub for the shipment of much sought-after medical equipment to Latin America. Financial Times today reported that…

Addis Ababa, May 21, 2020 (FBC) –The Ethiopia Communications Authority (ECA) has invited telecom companies to summit their interest for the acquisition of two nationwide full service…

Addis Ababa, May 19, 2020 (FBC) –A directive issued by the National Bank of Ethiopia (NBE) limiting cash withdrawal took effect today, May 19, 2020. Dr Yinager Dessie, Governor of NBE…

Addis Ababa, May 18, 2020 (FBC) –Ethiopia’s earnings from export in the past nine months increased by 10% to more than $2 billion, said the Ministry of Trade and Industry. Even if the…

Addis Ababa, May 18, 2020 (FBC) – Soda King Factory, iodized salt processing plant built in Dire Dawa Industry Zone with an outlay of 150 Million Birr has started operations. Chief…

Addis Ababa, May 18, 2020 (FBC) -Ethiopian Airlines (Ethiopia) expects a settlement with planemaker Boeing (BA.N) by end of June over compensation related to the 737 MAX grounding in March…

Addis Ababa, May 15, 2020 (FBC) - KEFI Minerals said it was focused on its projects in Ethiopia during the first quarter of 2020. The gold exploration and development company said it is…