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Ethiopian reports forcefulness despite circumstances
Addis Ababa, June 2, 2020 (FBC) – Ethiopian Airlines stated that it has generated more than 120 Million US Dollars revenue with in a last month, an income surpassing its monthly expenses.…
Ethiopian Airlines aspires to expand its presence in cargo service
Addis Ababa, June 1, 2020 (FBC) - Ethiopian Airlines stated that it remains to be seen in an African sky despite circumstances as it is working to be the architect of the sector’s…
Ethiopia among leading countries in benefits of AGOA treaty
Addis Ababa, May 26, 20 20 (FBC) –Ethiopia is among the leading countries in the East African region in its use of the Africa Growth Opportunity Act (AGOA) treaty.
According to the US…
Amhara region discovers 23m tons of granite deposit
Addis Ababa, May 25, 2020 (FBC) –Granite deposit amounting more than 23 million tons has been discovered in three districts of east Gojam zone, Amhara regional state.
The deposit was…
Forum discusses FDI challenges in Ethiopia
Addis Ababa, May 23, 2020 (FBC) – A joint forum established to arrest challenges of foreign direct investment (FDI) in Ethiopia held its regular meeting yesterday.
Attendees discussed…
Ethiopian Airlines steps in to deliver respirators to Latin Americans
Addis Ababa, May 22, 2020 (FBC) Ethiopia has emerged as a key transit hub for the shipment of much sought-after medical equipment to Latin America.
Financial Times today reported that…
Ethiopia invites companies for acquisition of two telecom licenses
Addis Ababa, May 21, 2020 (FBC) –The Ethiopia Communications Authority (ECA) has invited telecom companies to summit their interest for the acquisition of two nationwide full service…
NBE limits cash withdrawal
Addis Ababa, May 19, 2020 (FBC) –A directive issued by the National Bank of Ethiopia (NBE) limiting cash withdrawal took effect today, May 19, 2020.
Dr Yinager Dessie, Governor of NBE…
Ethiopia earns over $2b from export in 9 months
Addis Ababa, May 18, 2020 (FBC) –Ethiopia’s earnings from export in the past nine months increased by 10% to more than $2 billion, said the Ministry of Trade and Industry.
Even if the…
A 150M Birr Salt factory goes operational in Dire Dawa
Addis Ababa, May 18, 2020 (FBC) – Soda King Factory, iodized salt processing plant built in Dire Dawa Industry Zone with an outlay of 150 Million Birr has started operations.
Chief…