Business

Addis Ababa, January 22, 2020 (FBC) –Heads of Africab Group, Indian manufacturer of wide range of electrical products in Africa, expressed their interest to invest in Ethiopia. The head…

Addis Ababa, January 22, 2020 (FBC) –The Commercial Bank of Ethiopia (CBE) announced a 31.8 billion birr in revenue in the first half of this Ethiopian fiscal year (2019/20). This was…

Addis Ababa, January 17, 2020 (FBC) –The Ministry of Finance announced today revisions made on the new draft excise tax law. The Ministry said the excise taxes levied on new cars with…

Addis Ababa, January 15, 2020 (FBC) -Ethio telecom announced a revenue of 22.04 billion birr in revenue in the first half of this Ethiopian fiscal year, achieving 104% of the target. The…

Addis Ababa, January 13, 2020 (FBC) – The Commercial Bank of Ethiopia (CBE) inaugurated yesterday its branch in Djibouti. President of Djibouti, Ismail Omar Guelleh, Ambassador of…

Addis Ababa, January 13, 2020 (FBC) –The National Lottery Administration of Ethiopia has suspended issuing new licences for sports betting companies. The administration told FBC today…

Addis Ababa, January 11, 2020 (FBC) -Ethiopia's flag carrier, Ethiopian Airlines (Ethiopian) is planning to open flights to three new Chinese destinations, an Ethiopian official said on…

Addis Ababa, January 9, 2020 (FBC) -Marathon Motor Engineering Plc today launched three new model cars. They are ‘The All New Hyundai Palisade SUV’, ‘Hyundai Mighty’ and ‘The New Hyundai…

Addis Ababa, January 8, 2020 (FBC) - The International Monetary Fund (IMF) approved last month a program for Ethiopia of 2.9 billion US dollars. The program is aimed at supporting the…

Addis Ababa, January 8, 2020 (FBC) -Shangtex Holding Co. Ltd has signed a lease agreement with the Ethiopian Industrial Parks Development Corporation to invest at Bole Lemmi II Industrial…