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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…
Ethiopia, South Africa agree to collaborate within BRICS Business Council Framework to advance trade
Addis Ababa, April 16, 2025 (FMC) – A productive discussion aimed at enhancing investment and trade ties between Ethiopia and South Africa took place with the South African Chamber of…
Ethiopian Deposit Insurance Fund collects 5.2 Billion birr in premium over 9 months
Addis Ababa, April 15, 2025 (FMC) -- The Ethiopian Deposit Insurance Fund (EDIF) has collected 5.2 billion Birr in premiums from member financial institutions over the last nine months,…
Authority says Ethiopia’s coffee export revenue hits record $1.5 billion in 9 months
Addis Ababa, April 15, 2025 (FMC) — Ethiopia has obtained a record-hit 1.5 billion USD from coffee export during the past nine months, Ethiopian Coffee and Tea Authority (ECTA) disclosed.…
Ethiopia’s external debt-to-GDP ratio falls to 13.7%
Addis Ababa, April 12, 2025 (FMC) – Ethiopia’s external debt burden has significantly eased, with the debt-to-GDP ratio now standing at 13.7%, according to a macroeconomic report presented…
EIC hosts high-level public-private dialogue on investment protection and legal predictability
Addis Ababa, April 11, 2025 (FMC) – The Ethiopian Investment Commission (EIC) hosted a high-level Public-Private Dialogue today focused on "Investment Protection and Predictability of Laws,"…
“Invest in Ethiopia 2025” forum expected to catalyze over $3 billion in potential…
Addis Ababa, April 10, 2025 (FMC) — The upcoming "INVEST IN ETHIOPIA 2025" High-level Business Forum is anticipated to catalyze over US$3 billion in potential investments across priority…
Amb. Adem holds discussion with Turkish companies about investment potential in Ethiopia
Addis Ababa, April 10, 2025 (FMC) – Ethiopian Ambassador to Türkiye, Adem Mohamed, engaged in talks with Turkish businesses regarding potential investment opportunities in Ethiopia.…
Indian business delegation from PHDCCI and KLJ Group of Industries to visit Ethiopia in June
Addis Ababa, April 9, 2025 (FMC) – Indian business delegation hailing from Progress Harmony Development Chamber of Commerce and Industry (PHDCCI) and KLJ Group of Industries is set to visit…