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A steel mill with a capacity to melt 450 tons of iron inaugurated in Dukem town
Addis Ababa, June 11, 2022 (FBC) - A steel mill with a capacity to melt 450 tons of iron has inaugurated in Dukem town, Oromia Region.
The steel plant constructed by Tadash Steel…
CBE eyes to massive expansion as Abyssinia, Siinqee are about to open new branches in Djibouti
Addis Ababa, June 9, 2022 (FBC) – A delegation from the Commercial Bank of Ethiopia and Sinqe Bank led by their respective Presidents paid a three-day working visit to Djibouti, where they…
Ethiopian, Djiboutian officials deliberate on bulk cargo operation at Doralleh Multi-Purpose Port
Addis Ababa, June 7, 2022 (FBC) - A delegation led by Endalew Mekonen, State Minister for Trade and Regional Integration of Ethiopia paid a visit to the port operation at Djibouti’s Doralleh…
National Bank of Ethiopia warns against transactions in digital currencies
Addis Ababa, June 6, 2022 (FBC) – The National Bank of Ethiopia urged citizens not to engage in "illegal" transactions in digital currencies.
The central banks said digital currencies like…
Ethiopian Airlines celebrates inaugural flight connecting Lomé and Washington
Addis Ababa, June 3, 2022 (FBC) - Ethiopian Airlines held colorful celebrations in Lomé and Washington DC to mark its inaugural flight connecting the two cities.
The new flight increases…
Fortescue Future Industries to construct zero-carbon green energy facility in Ethiopia
Addis Ababa, June 2, 2022 (FBC) – The CEO of Fortescue Future Industries (FFI), an Australian green energy company, Julie Shuttleworth visited EIC to discuss its Ethiopian Investment plan.…
Coca-Cola Beverages Africa inaugurates $100mln mega plant in Ethiopia
Addis Ababa, May 31, 2022 (FBC) - Coca-Cola Beverages Africa Ethiopia inaugurated its 5th mega manufacturing plant in Sebeta town, Oromia region.
Chief Administrator of Oromia Region,…
Ethiopian Airlines, Boing Announce Order for Five 777 Freighters
Addis Ababa, May 30, 2022 (FBC) - Boeing and Ethiopian Airlines today announced the carrier is further expanding its all-Boeing freighter fleet with an order for five 777 Freighters.
“The…
Ethiopian banks suffers 1.8 billion birr in fraud loses in five years
Addis Ababa, May 30, 2022 (FBC) – Investigation reports released by the Ministry of Justice indicates that the banking industry in Ethiopia has suffered 1.8 billion birr in fraud loses in…
Spanish manufacturer Reg Joffri to enter Ethiopia industrial parks
Addis Ababa, May 28, 2022 (FBC) - Spanish pharmaceutical manufacturer Reg Joffri has expressed interest to entering the Ethiopian industrial parks.
Representatives of the company have…