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Business
Tsedey Bank officially joins banking industry with 148 branches
Addis Ababa, September 24, 2022 (FBC) - Tsedey Bank S.C, formerly known as Amhara Credit and Savings Institute (ACSI), has officially joined the banking industry with 7.75 billion Birr…
Chapa launches online payment gateway service for businesses
Addis Ababa, September 21, 2022 (FBC) - Ethiopian fintech startup, Chapa, has launched an online payment gateway that enables businesses to accept payments from people worldwide.
The…
New heights for Ethiopian Airlines as it introduces new route
Addis Ababa, September 20, 2022 (FBC) - Ethiopian Airlines has increased its current three times a week operation out of Manchester, England, effective from October 30 to 4 times a week.…
Ethiopia, Jordan reach cooperation agreement on natural gas exploration sector
Addis Ababa, September 20, 2022 (FBC) - Minister of Mines and Petroleum Ministry of Ethiopia, Takele Uma received Prince Mohammed Abass Ben Ali Ben Nayef of Jordan at his office on Monday.…
Ethiopian crowned with 2 prestigious awards
Addis Ababa, September 18, 2022 (FBC) - Ethiopian Cargo & Logistics Services, the largest air cargo network operator in Africa, has been crowned with 'Cargo Airline of The Year' and…
Strengthening cooperation promotes sustainable textile investments and operations in Ethiopia – MoI
Addis Ababa, September 16, 2022 (FBC) – Improved Environmental, Social and Governance (ESG) practices – next to price and quality of products – are key success factors for competitive…
Ministry of Finance announces low tax reform to encourage electric vehicles
Addis Ababa, September 16, 2022 (FBC) – Ethiopian Ministry of Finance has announced the implementation of a tax reform that encourages industries and importers engaged in electric vehicle…
Ethiopian Airlines becomes technical partner, core investor in Nigeria Air
Addis Ababa, September 16, 2022 (FBC) - Ethiopian Airlines becomes technical partner and core investor of Nigeria Air, as it has been selected by the Nigerian government, further boosting…
IPDC, Safaricom Ethiopia sign $60mln investment agreement
Addis Ababa, September 15, 2022 (FBC) - Industrial Parks Development Corporation –Ethiopia (IPDC) and Safaricom Ethiopia signed an investment agreement worth of $60 million in the ICT Park,…
NBE Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions
Addis Ababa, September 14, 2022 (FBC) - According to the National Bank of Ethiopia’s (NBE) directive, which became effective on September 5, individuals entering and departing the country in…