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Production-driven trade strategy enables Ethiopia to boost export destinations, competitiveness
Addis Ababa, April 1, 2025 (FMC) --- Ethiopia has achieved tangible results in enhancing its export destinations and competitiveness by implementing a production-driven trade strategy, Trade…
Ethiopia earns $366 million from horticulture export in 8 months
Addis Ababa, April 1, 2025 (FMC) — Ethiopian has earned over 366 million USD from horticulture export trade, Minister of Agriculture Mr. Girma Amente (PhD) stated today.
The Minister…
Ethiopia positions its pharmaceutical sector for continental market expansion
Addis Ababa, April 1, 2025 (FMC) – Ethiopia is taking significant steps to enhance its pharmaceutical industry, aiming to transition from dependency on imports to a robust domestic…
TOYO Solar to expand investment in Ethiopia with an additional $47 million
Addis Ababa, March 31, 2025 (FMC) – Japanese firm TOYO Solar has announced plans to expand its solar cell manufacturing capacity at the Hawassa Special Economic Zone (HSEZ) with an…
Ethiopia achieves $2.7 Billion in import substitution in eight months
Addis Ababa, March 28, 2025 (FMC) — Ethiopia has reached a significant milestone in its import substitution strategy, producing goods valued at 2.7 billion USD in the first eight months of…
CBE, MasterCard launch int’l plastic and virtual payment cards
Addis Ababa, March 27, 2025 (FMC) --- The Commercial Bank of Ethiopia (CBE) and MasterCard have launched plastic and virtual payment cards, marking a significant step towards modernizing…
Italy reaffirms commitment to bolstering partnership in Ethiopia’s coffee sector
Addis Ababa, March 26, 2025 (FMC) – The Italian Agency for Development Cooperation (AICS) is committed to further reinforcing its partnership with Ethiopia in the coffee sector, the agency…
Ethiopia invites UK investors to seize lucrative opportunities
Addis Ababa, March 26, 2025 (FMC) — The Ethio-UK Investment Forum took place on Tuesday in London, co-facilitated by the Ethiopian Embassy in the United Kingdom and the Institute of…
Ethio telecom, Mastercard commit to advance digital financial services in Ethiopia
Addis Ababa, March 25, 2025 (FMC) — CEO of Ethio telecom, Ms. Frehiwot Tamru and a Mastercard delegation led by Mark Elliott, President of Mastercard Africa, held a strategic meeting focused…
ANTEX Textile undertaking a $20 million expansion works
Addis Ababa, March 25, 2025 (FMC) – ANTEX Textile Ethiopia Private Limited Company has announced a major expansion project, with an estimated cost of 20 million USD.
The announcement was…