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Soufflet Malt Ethiopia substitutes over 5.6 billion birr worth of import products locally
Addis Ababa, August 8, 2024 (FBC) – Fiseha Yitagesu, the CEO of Industrial Parks Development Corporation (IPDC), has stated that his corporation will provide the necessary support to…
Ethiopian Securities Exchange to commence operation in the coming October
Addis Ababa, August 8, 2024 (FBC) – The Ethiopian Securities Exchange (ESX) will commence its operation in October 2024, ESX CEO Tilahun Esmael Kassahun stated.
He said that preparations,…
Guangzhou Automobile Corporation to start assembling EVs in Ethiopia soon
Addis Ababa, August 7, 2024 (FBC) - Guangzhou Automobile Corporation (GAC), Chinese state-controlled vehicle manufacturing company, together with Huajian Group, today declared that it is set…
NBE concludes special FX auction with a weighted average rate of Birr 107.9 per a USD
Addis Ababa, August 7, 2024 (FBC) – The National Bank of Ethiopia (NBE) has announced the conclusion of the Special Foreign Exchange Auction with a weighted average rate of Birr 107.9 per a…
Ethiopia’s macroeconomic reform ushers in competitive investment opportunity: Indian Investor
Addis Ababa, August 7, 2024 (FBC) – The Macroeconomic reform policy which Ethiopia has embarked on has created great opportunity for competitive investment in the country, Indian investor…
China’s foreign trade volume hits $3.5T in Jan-July
Addis Ababa, August 7, 2024 (FBC) – China’s foreign trade reached a new high of $3.5 trillion, up 6.2% year-on-year, in Jan. – July, Beijing-based news agency Xinhua reported on Wednesday,…
Ethiopian Airlines signs MoU with Satarem on production, use of Sustainable Aviation Fuel
Addis Ababa, August 4, 2024 (FBC) - Ethiopian Airlines Group has signed an MoU with Satarem America Inc. to partner on production and use of Sustainable Aviation Fuel (SAF) in Ethiopia.…
IPDC unveils initiatives to boost investments in Jimma’s natural resources
Addis Ababa, August 4, 2024 (FBC) – Feseha Yitagesu (PhD), CEO of the Industrial Parks Development Corporation (IPDC), has announced a series of initiatives aimed at attracting investments…
ZTE Ethiopia unveils Nubia Music Smartphone
Addis Ababa, August 3, 2024 (FBC) - ZTE Ethiopia announced Nubia Music smartphone, a mobile phone with music spirit in an event held today in Addis Ababa.
During the launching ceremony,…
Decision Made on FX Management Milestone to Foster Sustained Economic Growth
Addis Ababa, August 3, 2024 (FBC) – National Bank Governor Mamo Mehretu remarked that the decision made on foreign exchange (FX) management system is historical aimed at fostering sustained…