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Addis Ababa, September 12, 2024 (FBC) – Ethio Engineering Group today revealed that the Bishoftu Automotive Manufacturing Industry is set to enter the market with its N7 Pickup model. The Group noted that this development marks a significant milestone for Bishoftu Automotive Manufacturing Industry, as it prepares to introduce its […]
The need for new financing strategies and improved access to global capital markets for development finance has become more pressing than ever. As a result, Africa requires an additional $1.3 trillion per year to make meaningful progress toward the Sustainable Development Goals (SDGs), according to experts. In response to this […]
Addis Ababa, September 9, 2024 (FBC) – Chief Executive Officer of Ethio Djibouti Standard Gauge Railway Share Company, Takele Uma, met with Yonis Ali Guedi, Minister of Energy and Natural Resources of Djibouti. Takele expressed gratitude to Yonis Ali for his efforts and leadership in connecting the Ethiopia-Djibouti railway to […]
Addis Ababa, September 8, 2024 (FBC) – The governments of Ethiopia and Kenya have reaffirmed their commitment to strategic utilization of Lamu Port as well as the advancement of joint initiatives in technology and green energy. The two countries, which had called for deeper economic ties and increased investment between […]
Addis Ababa, September 8, 2024 (FBC) – Chinese Professor Wang Xingping underscored that the Ethio-China investment and development cooperation have been elevating the bilateral relationship of the two countries to a new heights. The professor elaborated that the partnership between the two countries, dating back to the early 1970s, has […]
The Industrial Parks Development Corporation (IPDC) is in the process of establishing a set of subsidiary companies in a bid to better handle the responsibilities of managing more than a dozen industrial parks in the country. The subsidiaries under formation will be tasked with separately handling logistics, construction, consultancy, manufacturing, […]
ddis Ababa, September 6, 2024 (FBC) – The foreign exchange market gap with parallel market price has significantly declined from 100 to 4 percent in a single month following the implementation of the macroeconomic reform policy, National Bank of Ethiopia (NBE) Governor Mamo Mihretu said. In the launching ceremony of […]
At the opening ceremony of the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), Chinese President Xi Jinping delivered a keynote address emphasizing the need for strengthened partnerships between China and African nations. The summit, attended by heads of state and government from various African countries, marks a significant […]
Addis Ababa, September 5, 2024 (FBC) – The implementation of comprehensive and robust reforms in Ethiopia has been instrumental in driving the growth of the manufacturing sector in recent years, according to Minister of Industry Mr. Melaku Alebel. A forum was held today in Addis Ababa, bringing together stakeholders from […]
Addis Ababa, September 5, 2024 (FBC) – Ethiopia’s Minister of Finance, Mr. Ahmed Shide, revealed that China has pledged financial backing of 400 million yuan (in the region of 56,342,800 USD) to facilitate the implementation of various projects within Ethiopia. Mr. Ahmed Shide revealed this story in his assessment of […]
Addis Ababa, September 4, 2024 (FBC) – Toyo Solar, a subsidiary of Japan’s Toyo Corporation, has expressed its interest in capitalizing on investment opportunities available in Ethiopia’s Industrial Parks, as revealed by the Industrial Parks Development Corporation of Ethiopia (IPDC). This revelation came about during a meeting between IPDC’s CEO, […]
Addis Ababa, September 4, 2024 (FBC) – Minister of Finance Mr. Ahmed Shide stated that Ethiopia has emerged as the top destination in East Africa for attracting foreign direct investment, solidifying its position as a beacon of economic growth and opportunity in the region. The Finance Minister made this statement […]