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Business
Mærsk opens new consolidation centre in Ethiopia
Addis Ababa, October 14, 2022 (FBC) - A.P. Møller – Mærsk and its Ethiopian partner, Freights International (PABOMI), announced the opening of a consolidation center at Modjo Dry Port in…
Modjo Logistics Dry Port export packaging facility goes operational
Addis Ababa, October 14, 2022 (FBC) - The Transport and Logistics Minister Dagmawit Moges along with other officials has inaugurated the export packaging facility built at Modjo Logistics…
Airline discloses interest in augmenting business ties with French firms
Addis Ababa, October 14, 2022 (FBC) – Ethiopian Airlines Group CEO, Mesfin Tasew, stated that his management is interested in enhancing the exciting business relationship with French firms…
Ethiopian Airlines converts Africa’s first B767 passenger aircraft into freighter
Addis Ababa, October 13, 2022 (FBC) - Ethiopian Airlines Group has announced the completion of passenger-to-freighter conversion of one of its three B767 aircraft.
Alongside Aerospace…
Ethiopia set to import iron, steel related goods from Turkish importers
Addis Ababa, October, 2022 (FBC) - The Ethiopian Shipping and Logistics Service Enterprise (ESLSE) confirmed that an agreement has been reached with Turkish importers to supply steel and…
Ethiopia earns $13mln from power export to Djibouti, Sudan in 2 months
Addis Ababa, October 10, 2022 (FBC) – Ethiopian Electric Power announced that it has earned more than 13 million USD from electric power export to Sudan and Djibouti in the last 2 months.…
City earns 886mln Birr revenue from municipal services in 3 months
Addis Ababa, October 8, 2022 (FBC) – Addis Ababa city administration office announced that it has collected more than 886 million Birr in revenue from municipal services in the last three…
NBE freezes accounts of 392 individuals over trading foreign currencies in parallel market
Addis Ababa, October 7, 2022 (FBC) - The National Bank of Ethiopia (NBE) ordered banks to freeze the bank accounts of over 392 individuals accused of trading foreign currencies in the…
MIDROC, Marriot Int’l sign hotel investment agreement in Tana and Hawasa Lakes
Addis Ababa, October 7, 2022 (FBC) - MIDROC Investment Group and Marriott International have signed a hotel investment agreement in Tana and Hawasa Lakes.
Both firms signed three…
EEP posts 2.7bln Birr income from domestic power supply, OPGW rental
Addis Ababa, October 6, 2022 (FBC) – Ethiopian Electric Power (EEP) has announced that it has collected more than 2.7 billion Birr from local power supply and Optical Ground Wire (OPGW)…