Business

Addis Ababa, December, 2020 (FBC) –A malting plant built with 2.8 billion birr in Debre Birhan, about 100 km from Addis Ababa, has started production today. Built by French investors,…

Addis Ababa, December 30, 2020 (FBC) – The Ministry of Finance has commended the Ethiopian Airlines (Ethiopian) for its outstanding performance and applying strategies that were useful in…

Addis Ababa, December 30, 2020 (FBC) –The National Bank of Ethiopia (NBE) has resumed changing old banknotes with the new ones in Tigray regional state. The bank suspended changing the…

Addis Ababa, December 29, 2020 (FBC) –The Minister of Mines and Petroleum, Engr Takele Uma said focusing on national demand and improving exports is a priority for the government.…

Addis Ababa, December 29, 2020 (FBC) -The renowned Turkish company KUMTEL has opened an Ethiopian coffee house with its own packaging facility in Istanbul, Turkey. KUMTEL is currently…

Addis Ababa, December 27, 2020 (FBC) –A cornerstone has been laid for an edible oil plant to be built at a cost of 1.7 billion birr in Hawassa city, Sidama regional state. The…

Addis Ababa, December 26, 2020 (FBC) – Ethiopian Coffee and Tea Authority has officially launched a Coffee Contract Administration Software with a view to transform the transaction system.…

Addis Ababa, December 23, 2020 (FBC)-Ethiopia has earned $1.33 billion from exports during the past five months, attaining 94% of the $1.41 billion target. The revenue increased by $224.5…

Addis Ababa, December 22, 2020 (FBC) –The Oromia regional state said investors with a combined capital of 83 billion birr have stated implementing projects over the past five months.…

Addis Ababa, December 21, 2020 (FBC) –The Ministry of Mines and Petroleum has signed an agreement with the Addis Ababa University (AAU) to cooperate in the development of the mining sector.…