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BRICS membership paves the way for Ethiopia-Iran investment collaboration
Addis Ababa, August 12, 2024 (FBC) – During a meeting between Iranian Ambassador Ali Akbar Rezaei and CEO Fisseha Yitagesu of the Industrial Parks Development Corporation of Ethiopia (IPDC)…
Ethio telecom working to expand mobile telephone network in all rural areas of country
Addis Ababa, August 12, 2024 (FBC) – Ethio telecom disclosed that it is carrying out activities to expand mobile telephone networks across all rural parts of Ethiopia by utilizing renewable…
Ethiopian announces daily flights to Brussels
Addis Ababa, August 10, 2024 (FBC) - Ethiopian Airlines, Africa's largest carrier, today announced that it will increase its weekly direct flight to Brussels, Belgium, and serve the city…
NBE announces acceptance of applications for independent Forex bureaus
Addis Ababa, August 8, 202 (FBC) - The National Bank of Ethiopia (NBE) today announced that it has begun accepting applications for Independent Foreign Exchange Bureaus, in line with the…
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,…