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Business
Ethiopian set to start its “Fleet Doubling” orders this year
Addis Ababa, July 11, 2023 (FBC) – Ethiopian Airlines is planning to double its fleet by 2035 and the industry can expect orders later this year according its chief executive officer Mesfin…
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…