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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…
ESLSE’s Jigjiga vessel marks new record in containerized cargo
Addis Ababa, September 14, 2022 (FBC) - The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) vessel sets a new record on containerized cargo shipment to Berbera Port.
ESLSE’s…
Ethiopian Airlines becomes official carrier of Zimbabwe’s World Tourism Expo
Addis Ababa, September 11, 2022 (FBC)
Ethiopian Airlines, one of the world's leading airlines, stroke a deal with the Zimbabwe Tourism Authority (ZTA) and became strategic alliance of the…
Abay Bank, MoR and INSA sign agreement on e-tax system
Addis Ababa, September 07, 2022 (FBC) - Abay Bank SC, Ministry of Revenues - Ethiopia and Information Network Security Administration (INSA) have signed a joint agreement to implement the…
Ethiopian Airlines signs new distribution agreement with Travelport
Addis Ababa, September 5, 2022 (FBC) - The renewed deal includes distribution on the Travelport+ platform and expands the ongoing travel retailing and distribution relationship between…
ESLSE earns 51bln birr in revenue this year
Addis Ababa, September 1, 2022 (FBC) - Ethiopian Shipping and Logistics Services Enterprise (ESLSE) announced that it has earned 51 billion birr this year.
CEO Roba Megersa said the…
Ethio Telecom amasses revenue of 61 billion birr this year
Addis Ababa, August 31, 2022 (FBC) – Ethio Telecom closed a tough year with outstanding results, said the Ethiopian Investment Holdings (EIH).
Evaluating performances of the fiscal year…
Ethiopian Airlines earns $5 billion annual revenue this financial year
Addis Ababa, August 31, 2022 (FBC) - Ethiopian Airlines, Africa’s leading Airlines, posted 5 billion USD in revenue this financial year, a 79% growth compared to last year.
Airlines’…
Kacha Digital Financial Service joins the EthSwitch payment system in Ethiopia
Addis Ababa, August 30, 2022 (FBC) - Kacha Digital Financial Service S.C. has reportedly joined EthSwitch S.C., a payment platform for commercial banks, after the two institutions signed the…