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Dire Dawa Dry Port handling more than 150 trucks daily
Addis Ababa, December 20, 2022 (FBC) – The modern dry port built to facilitate the activities of the Dire Dawa Free Trade Zone has already begun handling of more than 150 trucks on daily…
Ethiopian Airlines confident of passenger rebound from COVID this year
Addis Ababa, December 19, 2022 (FBC) - Ethiopian Airlines expects its passenger business to return to pre-pandemic levels in its current financial year ending in June, said Mesfin Tasew, CEO…
CBE unveils digital transaction system for farmers
Addis Ababa, December 19, 2022 (FBC) – Commercial Bank of Ethiopia (EBC) (CBE) has unveiled a digital transaction system that would help farmers exchange agricultural commodities online.…
Ethiopia earns $41mln from meat products export in 5 months: EAA
Addis Ababa, December 19, 2022 (FBC) - The Ethiopian Agricultural Authority (EAA) announced that over 41 million USD was earned from meat products exported to the foreign market in the last…
Kuwaiti investors embark on agricultural investment in Afar Region
Addis Ababa, December 19, 2022 (FBC) – Chief Administrator of the Afar Regional State, Haji Awol Arba has visited preoperational activities being carried out on an agricultural investment…
Banks set to launch movable assets collateral loan scheme soon: NBE
Addis Ababa, December18, 2022 (FBC) - The National Bank of Ethiopia (NBE) has announced that a system to obtain loans from banks by pledging movable property will be launched in a short…
Japan’s Mitsubishi Corporation interested to invest in textile, automotive sectors in Ethiopia
Addis Ababa, December 16, 2022 (FBC) – Ambassador of Ethiopia to Japan, Tefera Derbew discussed with Vice President of Mitsubishi Corporation, Tetsuya Shinohara on burgeoning investment…
London is due to host an Ethiopian coffee exhibition on December 17, Embassy confirms
Addis Ababa, December 15, 2022 (FBC) – The Ethiopian Embassy in London has announced that it is hosting the first Ethiopian Coffee Exhibition in the capital of the United Kingdom, on…
Ethiopian Airlines plans to double fleet to leapfrog other int’l carriers
Addis Ababa, December 13, 2022 (FBC) - Ethiopian Airlines Group wants to almost double its fleet over the next 12 years and expand its global network as Africa’s largest carrier seeks to…
AfDB approves $10mln grant for Tulu Moye geothermal dev’t in Ethiopia
Addis Ababa, December 13, 2022 (FBC) - The Tulu Moye geothermal project in Ethiopia is set to receive new funding in the form of a $10 million reimbursable grant from the Sustainable Energy…