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Over $21.5 billion foreign currency obtained in 2023/24 fiscal year – President Taye
Addis Ababa, October 7, 2024 (FBC) – The newly appointed president of the Federal Democratic Republic of Ethiopia, Taye Atske-Selassie said that his country has obtained more than 21.5…
NBE announces sale of $175M to the foreign exchange market
Addis Ababa, October 3, 2024 (FBC) – The National Bank of Ethiopia (NBE) announced today that it has allocated and will sell $175mn to the foreign exchange market to help address…
New Airport to Boost Connectivity, Make Addis Aviation Hub: CEO
Ethiopian Airlines’ new airport will boost its connectivity and promote the capital Addis Ababa to become an aviation and air transport hub, said Ethiopian Airlines Group CEO Mesfin Tassew.…
WASME emphasizes collaboration between Ethiopia, India to unlock business potential
Addis Ababa, October 2, 2024 (FBC) – Ambassador Bizunesh Meseret, Chrgée d’Affaires of the Ethiopian Embassy in New Delhi, briefed a group of Indian IT companies delegates on the business…
China’s Guangzhou Wondfo Biotech expresses readiness to invest in Ethiopia
Addis Ababa, October 2, 2024 (FBC) – Guangzhou Wondfo Biotech Co., Ltd, a Chinese company that produces 200 million medical test kits annually, has stated that it is ready to invest in the…
Czech OMNIPOL Group to Supply L410-NG Aircraft to Ethiopia
Addis Ababa, September 30, 2024 (FBC) - The Czech Republic's OMNIPOL Group has announced its plan to supply the L410-NG, a small aircraft designed for passenger and cargo transport, to the…
Pakistani investors express interest to invest in Ethiopia’s industrial parks
Addis Ababa, September 25, 2024 (FBC) - Pakistani investors have expressed a keen interest to invest in aluminum, steel and packaging sub-sectors in the industrial parks and Dire Dawa Free…
Ethiopian Airlines signs agreement with American consulting firm McKinsey & Company
Addis Ababa, September 25, 2024 (FBC) – Ethiopian Airlines, the continent’s biggest carrier and one of the world’s fastest growing airlines, today announced that it has signed an agreement…
Ethiopian enhancing people-to-people ties, economic cooperation in Africa: Italian Ambassador
Addis Ababa, September 25, 2024 (FBC) - Ethiopian Airlines has been playing irreplaceable role in connecting people-to-people and economic cooperation with the entire continent of Africa,…
Chinese companies to visit Ethiopia to explore investment options in various sectors
Addis Ababa, September 24, 2024 (FBC) – Several Chinese companies have disclosed intentions to visit Ethiopia soon to conduct pre-investment assessment in various sectors, according to the…