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Business
Kanoria Africa Textile PLC announces a plan to manufacture textile chemicals
Addis Ababa, October 5, 2022 (FBC) – Kanoria Africa Textile PLC is the first fully integrated textile factory that uses Ethiopian cotton to produce Denim fabric and jeans garments.…
Companies in Aegean Free Trade Zone of Turkiye keen on investing in Ethiopia
Addis Ababa, October 5, 2022 (FBC) – Companies operating in Aegean Free Trade Zone of Turkiye have expressed interest to invest in Ethiopia.
The pledge by companies came at a time when an…
CBE claims top spot with $22bln total asset among East African banks
Addis Ababa, October 4, 2022 (FBC) - The Commercial Bank of Ethiopia (CBE) ranks first among all East African banks with a total asset of 22 billion USD, and it has almost double the assets…
Istanbul Free Trade Zone seeks cooperation with counterpart in Ethiopia
Addis Ababa, October 3, 2022 (FBC) – The Istanbul Free Industry and Trade Zone has expressed interest to collaborate with its counterpart in Ethiopia, Dire Dawa Free Trade Zone.
An…
PCE Ventures Mfg. inaugurates $1bln leather factory in Addis Industrial Park
Addis Ababa, September 29, 2022 (FBC) - PCE Venture Manufacturing has inaugurated a 1 billion USD leather factory in Addis Industrial Park in the presence of senior government officials…
EIH, TMSA sign MoU on cooperation and investment in logistics
Addis Ababa, September 29, 2022 (FBC) – Ethiopian Investment Holdings (EIH) and Tanger Med Special Agency (TMSA) signed a Memorandum of Understanding on areas of cooperation and investment…
Ethio Telecom introduces new three-year growth strategy, “LEAD”
Addis Ababa, September 26, 2022 (FBC) - Ethiotelecom has introduced a new three-year growth strategy called "LEAD".
The company’s CEO Frehiwot Tamru, highlighted the implementation of…
Alibaba, Ethiopian foreign trade stakeholders discuss ways to enhance e-commerce export
Addis Ababa, September 25, 2022 (FBC) - Alibaba, one of the largest e-Commerce companies in the world, held a discussion with Ethiopian foreign trade stakeholders on the ways of offering…
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…