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Chinese businesses see Ethiopia as a strategic destination for investment in Africa: CPPCC…
Addis Ababa, April 24, 2025 (FMC) – Chinese businesses see Ethiopia as a strategic destination for investment in Africa, according to Gao Yunlong, Vice-Chairman of the 14th National…
Ethio telecom and Visa strengthen partnership to shape Ethiopia’s digital future
Addis Ababa, April 24, 2025 (FMC) – Ethio telecom CEO Ms. Frehiwot Tamru held a strategic meeting on Wednesday with a Visa Inc. delegation led by Mr. Michael Berner, Senior Vice President…
Local manufacturers slash import bill by $1.6 Billion in nine months
Addis Ababa, April 23, 2025 (FMC) – Ethiopia’s small and medium-sized manufacturing enterprises have significantly outperformed expectations, saving the country over $1.6 billion in import…
‘Made In Ethiopia’ movement boosts quality, competitiveness of Products
Addis Ababa, April 22, 2025 (FMC) – The Ethiopia Tamrit (Made In Ethiopia) movement has enabled the country to increase the quality and competitiveness of products, Minister of Industry Mr.…
Saudi-Ethiopian Business Council convenes inaugural meeting in Riyadh
Addis Ababa, April 22, 2025 (FMC) — The inaugural session of the Saudi-Ethiopian Business Council was held in Riyadh, signaling a renewed commitment to deepen economic cooperation between…
Central Bank announces results of FX auction held today
Addis Ababa, April 17, 2025 (FMC) – The National Bank of Ethiopia (NBE) has announced the results of the Foreign Exchange Auction held today.
The weighted average rate of all successful…
Ethiopia, Kenya sign MOU to facilitate smooth flow of bilateral trade
Adds Ababa, April 17, 2025 (FMC) – Ethiopia and Kenya has signed a Memorandum of Understanding (MOU) to facilitate smooth flow of trade between the two countries.
The agreement was signed…
Ethiopian Airlines and Bucher Aircraft Interior Solutions made a strategic agreement at AIX
Addis Ababa, April 16, 2025 (FMC) – Ethiopian Airlines, the largest and fastest-expanding airline in Africa, today announced a partnership with Bucher, a leader in lightweight aircraft…
Over $2.1 Billion in foreign currency earned from gold mining – Ministry
Addis Ababa, April 16, 2025 (FMC) — Ethiopia has generated more than $2.1 billion in foreign exchange revenue from gold mining during the first nine months of the 2024/25 fiscal year,…
Central bank to hold the 4th bi-weekly FX auction tomorrow
Addis Ababa, April 16, 2025 (FMC) – The National Bank of Ethiopia, in line with its recent commitment to conduct a regular series of bi-weekly foreign exchange auctions and consistent with…