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Business
IPDC invites Portuguese investors to invest in Ethiopia
Addis Ababa, July 11, 2023 (FBC) – Industrial Parks Development Corporation of Ethiopia (IPDC) has invited Portuguese investors to invest in Ethiopia.
IPDC held a discussion with…
Ethiopian banks, Inter-congregational network sign MoU to finance small businesses of conflict…
Addis Ababa, July 9, 2023 (FBC) – As part of a three-year project sponsored by the Ethiopian Ministry of Labour and Skills and the MasterCard Foundation, a network of religious congregations…
Ethiopia, Azerbaijan discuss mechanisms of forging closer B2B ties
Addis Ababa, July 8, 2023 (FBC) - Ethiopia's State Minister for Foreign Affairs, Ambassador Mesganu Arga, met with Deputy Minister of Economy and Chairman of Small and Medium Business…
Ethiopian, Rolls-Royce sign servicing agreement for new engines
Addis Ababa, July 7, 2023 (FBC) - UK-based global major power and propulsion systems group Rolls-Royce and Africa’s largest carrier, Ethiopian Airlines, have announced that the latter has…
Ethiopia gears up for launch of first-ever securities exchange
Addis Ababa, July 7, 2023 (FBC) - Efforts are underway to develop Ethiopia's financial market as the government prepares to launch its first-ever securities exchange in 2024.
In light of…
Industry sector projected to register 8.2% growth – PM Abiy
Addis Ababa, July6, 2023 (FBC) - Ethiopia’s industry sector is expected to grow by 8.2 percent as the ‘Made in Ethiopia” movement has played a crucial in mobilizing industries, Prime…
Chapa partners with Telegram to boost digital payments in Ethiopia
Addis Ababa, July 5, 2023 (FBC) – Chapa, the payment solution provider in Ethiopia, has announced a partnership with Telegram, one of the world's most popular messaging apps.
The…
African airlines see 2.4% drop in cargo demand in May: IATA
Addis Ababa, July 5, 2023 (FBC) – African airlines posted a 2.4 percent decrease in demand for air cargo compared to May 2022.
This was a decline in performance compared to the previous…
AfDB approves €26.1mln loan for construction of Ethio-Kenya power lines
Addis Ababa, July 4, 2023 (FBC) - African Development Bank (AfDB) has approved a 26.1 million euros loan to construct an underground power transmission line as part of the Ethiopia-Kenya…
Mobile money could add $5.3 billion to Ethiopia’s GDP: New Report
Addis Ababa, July 3, 2023 (FBC) – In its new report GSMA, a global organization that represents the interests of mobile network operators worldwide said that Mobile Money in Ethiopia could…