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Business
Antex Textile PLC to build affordable houses for 5,000 employees
Addis Ababa, August 22, 2023 (FBC) - Ethiopian Investment Commission (EIC) and Antex Textile PLC have signed MoU to carry out affordable housing development project.
The project is…
Ethiopian Shipping, Logistics amasses over 6bln birr Profit in profit
Addis Ababa, August 21, 2023 (FBC) - The Ethiopian Shipping and Logistics (ESL) announced on Monday that it has amassed over 6 billion birr in profit during the concluded Ethiopian fiscal…
Silver Spark expresses interest to expand business in Ethiopia
Addis Ababa, August 21, 2023 (FBC) - CFO and management teamof Silver Spark Apparel Ethiopia PLC’s parent company (Raymond Lifestyle) met with EIC’s commissioner, Lelise Neme and Deputy…
Ethiopia secures over 3.6 Billion USD from export trade
Addis Ababa, August 21, 2023 (FBC) - Ethiopia has secured more than 3.6 billion US dollar from export trade during the concluded Ethiopian Fiscal Year (EFY), according to the Ministry of…
Addis Ababa City, China’s FHEC sign a deal to build special economic zone
Addis Ababa, August 21, 2023 (FBC) – Addis Ababa City Administration has signed a deal with China Harbour Engineering Company Limited (FHEC) to build a state of the art Special Economic Zone…
Emirati investments in Ethiopia totalled US$2.9 billion at end of 2022: Thani Al Zeyoudi
Addis Ababa, August 18, 2023 (FBC) - Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE’s leadership had directed the country to strengthen its relations with…
Ethiopian and AAICEC sign equity investment agreement
Addis Ababa, August 18, 2023 (FBC) - Ethiopian Airlines Group and Addis-Africa International Convention and Exhibition Centre (AAICEC) have signed an equity investment agreement.
This is…
Agreement reached to lure Brazilian investors to Ethiopia
Addis Ababa, August 17, 2023 (FBC) – The Industrial Parks Development Corporation of Ethiopia confirmed that an agreement has been reached to entice Brazilian investors to engage in…
Youth on the move, tapping opportunities of AfCFTA across Africa’s borders
Addis Ababa, August 17, 2023 (FBC) - Theatre Artist and entrepreneur, Gathige Maina, went on a caravan from east to southern Africa, to attend a trade forum and find out how easy it is for…
Chinese academics commend encouraging progress of industrialization in Ethiopia
Addis Ababa, August 16, 2023 (FBC) - Academics from China's Peking University touted progress Ethiopia’s industrialization as encouraging.
The academics stated this during a discussion…