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$2.3bn obtained from import substitution in 2022/23 fiscal year – Ministry
Addis Ababa, July 31, 2023 (FBC) - The Ministry of Industry of Ethiopia (MoI) has announced that 1,000 industries have gone operational in the 2022/23 Ethiopian fiscal year.
The Minister…
Ethiopian extends bid submission date for privatization of 8 state-owned sugar enterprises
Addis Ababa, July 31, 2023 (FBC) – The Federal Democratic Republic of Ethiopia through the Ministry of Finance (MoF) and Ethiopian Investment Holdings (EIH) has announced an extension of…
Ethiopian airlines to increase weekly direct flights to Republic of Korea
Addis Ababa, July 31, 2023 (FBC) – Republic of Korea and Ethiopia have agreed to increase flights between the two countries from the current seven to nine a week, a move that will help…
Saudi Arabian investors keen on investing in Ethiopia’s minerals
Addis Ababa, July 31, 2023 (FBC) – Ambassador of Ethiopia to Saudi Arabia, Lencho Bati, held a meeting with owners and Managers of Mining firms of Kingdom of Saudi Arabia including METAB N.…
Chinese automaker Chery to conduct pre investment visit to Ethiopia
Chinese international car manufacturer Chery Commercial Vehicles International Corporation is planning to conduct a pre investment visit to Ethiopia soon, the company’s General Manager Mr.…
Spanish companies keen on investing in Hawasa IP: Consulting Firm
Addis Ababa, July 29, 2023 (FBC) - Advance Group Projects and Technologies S.L, a manufacturing consulting firm, stated that Spanish companies are interested in investing in Hawassa…
Ethiopia aims to become premier Mfg hub in automotive space: EIC
Addis Ababa, July 28, 2023 (FBC) – Ethiopia aims to become a premier manufacturing hub in the automotive space, said the Ethiopian Investment Commission (EIC).
This was stated during a…
Russian fertilizer giant PhosAgro vows to double its export volume to Africa
Saint Petersburg, July 27, 2023 (FBC) - PhosAgro is the largest Russian exporter of fertilizers to Africa with a market share of 33 pct. Over the past 5 years alone, the company has…
NBE will focus on reducing inflation via monetary policy measures: Governor
Addis Ababa, July 25, 2023 (FBC) - Governor of the National Bank of Ethiopia (NBE), Mamo Mihretu, addressed the 20th International Conference on the Ethiopian Economy.
“A ‘cocktail of…
Chinese technology company, JD expresses interest to invest in Ethiopia
Addis Ababa, July 22, 2023 (FBC) - Ethiopian Investment Commissioner, Lelise Neme discussed with JD Technology, a Chinese company, on how the firm can utilize the investment opportunities in…