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Industry sector projected to register 8.2% growth – PM Abiy
Addis Ababa, July6, 2023 (FBC) - Ethiopia’s industry sector is expected to grow by 8.2 percent as the ‘Made in Ethiopia” movement has played a crucial in mobilizing industries, Prime…
Chapa partners with Telegram to boost digital payments in Ethiopia
Addis Ababa, July 5, 2023 (FBC) – Chapa, the payment solution provider in Ethiopia, has announced a partnership with Telegram, one of the world's most popular messaging apps.
The…
African airlines see 2.4% drop in cargo demand in May: IATA
Addis Ababa, July 5, 2023 (FBC) – African airlines posted a 2.4 percent decrease in demand for air cargo compared to May 2022.
This was a decline in performance compared to the previous…
AfDB approves €26.1mln loan for construction of Ethio-Kenya power lines
Addis Ababa, July 4, 2023 (FBC) - African Development Bank (AfDB) has approved a 26.1 million euros loan to construct an underground power transmission line as part of the Ethiopia-Kenya…
Mobile money could add $5.3 billion to Ethiopia’s GDP: New Report
Addis Ababa, July 3, 2023 (FBC) – In its new report GSMA, a global organization that represents the interests of mobile network operators worldwide said that Mobile Money in Ethiopia could…
Japanese company hails Ethiopia as key investment destination in Africa
Addis Ababa, July 3, 2023 (FBC) - Ambassador of Ethiopia to Japan Daba Debele discussed with Mutsuo Iwai, Chairperson of the Board of Japan Tobacco International on Monday.
Ambassador…
Ethiopia Earns Some 86 Million USD from Exports of Animal Products in 11 Months
Addis Ababa, July 1, 2023 (FBC) - The Livestock Development Institute said some 86 million US dollars have been earned in revenue from the exports of animal products during the past eleven…
Former Governor of BCRA shares insights on Making Financial Inclusion
Addis Ababa, July 1, 2023 (FBC) - Fede Sturzenegger, former Governor of the Central Bank of Argentina (BCRA) and Harvard University professor, met with Governor of the National Bank of…
Chinese textile, garment companies encouraged to intensify investment in Ethiopia
Addis Ababa, July 1, 2023 (FBC) - During the “China-Africa Textile and Apparel Investment and Trade Symposium” which was held today as a part of the 3rd China-Africa Economic and Trade Expo…
Embassy, Invest Africa agree to mobilise investments into Ethiopia from UK
Addis Ababa, June 29, 2023 (FBC) - Beyene Gebremeskel, Deputy Head of Mission at the Ethiopian Embassy in London, held a meeting today with Karen Taylor, CEO of Invest Africa.
On the…