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Toyo Solar targets $100M investment in Ethiopia with potential for 400+ employments
Addis Ababa, September 4, 2024 (FBC) – Toyo Solar, a subsidiary of Japan’s Toyo Corporation, has expressed its interest in capitalizing on investment opportunities available in Ethiopia’s…
Ethiopia tops foreign direct investment in East Africa – Finance Minister
Addis Ababa, September 4, 2024 (FBC) – Minister of Finance Mr. Ahmed Shide stated that Ethiopia has emerged as the top destination in East Africa for attracting foreign direct investment,…
Ethiopia’s recent economic reforms opened up new opportunities for investors – FM Taye
Addis Ababa, September 4, 2024 (FBC) – The Minister of Foreign Affairs, Taye Atse-Selassie, stated that Ethiopia's recent macroeconomic reforms have opened up new and promising opportunities…
MIDROC Investment Group, Gates Foundation ink MOU
Addis Ababa, September 2, 2024 (FBC) - MIDROC Ethiopia Investment Group and Bill and Melinda Gates Foundation have entered an agreement to cooperate in various domains of agriculture.
The…
Dev’t Bank of Ethiopia achieves significant loan portfolio improvement owing to recent reforms
Addis Ababa, September 2, 2024 (FBC) – The Development Bank of Ethiopia (DBE) revealed that it has reduced bad loans from 57 percent to 6.5 percent through reforms it carried out in the last…
Ethiopian Airlines bridges continents with new Dhaka route
Addis Ababa, August 30, 2024 (FBC) – Ethiopian Airlines, Africa's leading carrier, has announced the commencement of its new six weekly flights to Dhaka, Bangladesh, starting November 1,…
Chinese investors invited to explore opportunities in Ethiopia’s Industrial Parks
Addis Ababa, August 30, 2024 (FBC) - The Ethiopian government encouraged Chinese investors to explore opportunities within the country's industrial parks and its first free trade zone.…
ECTA posts historic $1.43B revenue from coffee exports in 2023/24 FY
Addis Ababa, August 29, 2024 (FBC) – Ethiopia’s Coffee and Tea Authority (ECTA) has announced a record-breaking 1.43 billion USD annual revenue from the export of coffee products in the…
Indian investors encouraged to explore opportunities in Ethiopia
Addis Ababa, August 28, 2024 (FBC) - Ambassador Bizunesh Meseret, Chargée d’Affaires at the Ethiopian Embassy in New Delhi, spoke at the 10th India International MSME Trade Fair and Expo…
Ethiopia – Saudi Arabia Business Council to boost economic ties: Saudi Chambers
Addis Ababa, August 28, 2024 (FBC) - Saudi Arabia and Ethiopia are set to strengthen their economic ties with the establishment of a new business council for the 2024-2028 term, the…