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Chinese steelmaker Zenith eyes a $150M investment in Bole Lemi Industrial Park
Addis Ababa, April 24, 2024 (FBC) – The Zenith Steel Group Co., Ltd, a prominent Chinese steel and electrical equipment manufacturer, has expressed its desire to enter and invest over 150…
China’s Grand World Group eyes Ethiopia’s manufacturing sector for expansion
Addis Ababa, April 22, 2024 (FBC) – China’s Grand World Investment Holding Group has expressed its intention to explore investment prospects in Ethiopia within the manufacturing sector.…
Industrial Parks substituted over $200M worth of import goods in 9 months
Addis Ababa, April 22, 2024 (FBC) – Ethiopia’s industrial parks have produced more than 200 million USD worth of goods that replace imports, Industrial Parks Development Corporation (IPDC)…
Ethiopia advocates for accelerated debt relief at Global Sovereign Debt Roundtable
Addis Ababa, April 20, 2024 (FBC) - Ethiopia’s Finance Minister Ahmed Shide represented Ethiopia at the Global Sovereign Debt Roundtable/GSDR co-chaired by the IMF, WB, and Brazil as the G20…
Ethiopian Airlines announces four weekly passenger flights to Warsaw
Addis Ababa, April 20, 2024 (FBC) – The largest airline in Africa, Ethiopian Airlines today announced that it will commence four times-a-weekly passenger flight services to Warsaw, the…
Ethiopian Airlines expands Kigali flights to 18 weekly services
Addis Ababa, April 18, 2024 (FBC) - Ethiopian Airlines, Africa's largest carrier, has confirmed that it will increase frequency of its flights to Kigali, Rwanda, to 18-times weekly.
The…
HoPR approves Special Economic Zones proclamation
Addis Ababa, April 18, 2024 (FBC) – During its 21st regular session of the third year of tenure today, the House of Peoples’ Representatives of Ethiopia (HoPR) sanctioned bills pertaining to…
Ethiopia set to open import, export, retail and wholesale commercial sectors to foreigners
Addis Ababa, April 18, 2024 (FBC) – Ethiopian Investment Commission and Trade and Regional Integration Ministry, in a joint statement, disclosed that the nation is set to open key commercial…
Ethiopia-US Business & Investment forum held in Washington
Addis Ababa, April 17, 2024 (FBC) – On the sidelines of the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), an Ethiopia-US Business and…
Minister of Finance, NBE Governor meet with IMF chief
Addis Ababa, April 17, 2024 (FBC) – Ethiopia’s Minister of Finance, Mr. Ahmed Shide, and the Governor of National Bank of Ethiopia, Mr. Mamo Mihretu, met and held a brief conversation with…