Business

Addis Ababa, April 16, 2020 (FBC) - Ethiopian Airlines (Ethiopian) said it has been exerting efforts to manage the impact of coronavirus through a fundamental shift to cargo services. The…

Addis Ababa, April 15, 2020 (FBC) –The Hawassa industrial park has increased its face mask production capacity to 20,000 pieces per day. Garment and textile industries have moved to…

Addis Ababa, April 14, 2020 (FBC) –Djibouti has announced 82.5% reductions in port tariffs for Ethiopia’s exports due to coronavirus (COVID-19) pandemic. Port Djibouti currently accounts…

Addis Ababa, April 11, 2020 (FBC) –Prime Minister Dr Abiy Ahmed has held phone talks with Elon Musk, the co-founder and CEO at Tesla, on COVID19 mitigation efforts in Africa. Tesla is an…

Addis Ababa, April 8, 2020 (FBC) -Ethiopian cargo and logistics services, the multiple award-winning and largest cargo network operator in Africa, has said it is adapting its operations to…

Addis Ababa, April 8, 2020 (FBC) – Ethiopian Airlines (Ethiopia) said it has lost $550 million in revenue following the coronavirus (COVID-19) outbreak. Ethiopian Group CEO, Tewolde…

Addis Ababa, April 6, 2020 (FBC) –Exports over the past eight months have generated $1.8 billion, said the Ministry of Trade and Industry. According to the Ministry, the country achieved…

Addis Ababa, April 2, 2020 (FBC) –The National Bank of Ethiopia (NBE) has issued a new directive that is important to promote the safety and efficiency of the payment system. The…

Addis Ababa, April 1, 22020 (FBC) - Kingdom Linen PLC, one of Chinese firms operating in Ethiopia, has completed first phase of its investment project at Adama Industrial Park. Building…

Addis Ababa, March 30, 2020 (FBC) - Ethiopian Airlines (Ethiopian) announced that it has suspended flights to more than 80 international destinations as of 29 March, 2020, due to the…