Addis Ababa, August 8, 2024 (FBC) – The Ethiopian Securities Exchange (ESX) will commence its operation in October 2024, ESX CEO Tilahun Esmael Kassahun stated. He said that preparations, including collecting finances, have been carried out to get license from the Capital Market Authority. The CEO disclosed the ESX, which […]
Daily Archives: August 9, 2024
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Addis Ababa, August 7, 2024 (FBC) – Guangzhou Automobile Corporation (GAC), Chinese state-controlled vehicle manufacturing company, together with Huajian Group, today declared that it is set to start assembling electric vehicles in Ethiopia soon. GAC’s decision was revealed during a discussion between Ethiopia’s Minister of Transport and Logistics Alemu Sime […]
Addis Ababa, August 7, 2024 (FBC) – The National Bank of Ethiopia (NBE) has announced the conclusion of the Special Foreign Exchange Auction with a weighted average rate of Birr 107.9 per a USD. The nation’s central bank held a Special Foreign Exchange Auction today August 7. 2024. In that […]
Addis Ababa, August 7, 2024 (FBC) – The Macroeconomic reform policy which Ethiopia has embarked on has created great opportunity for competitive investment in the country, Indian investor Mayur Kothari said. The Chairperson of Indian Mohan Group PLC in Ethiopia, Mayur Kothari said that the full implementation of macroeconomic reform […]
Addis Ababa, August 7, 2024 (FBC) – China’s foreign trade reached a new high of $3.5 trillion, up 6.2% year-on-year, in Jan. – July, Beijing-based news agency Xinhua reported on Wednesday, citing official data. China’s exports surged 6.7% year-on-year to $2.01 trillion and imports climbed 5.4% to $1.49 trillion in […]
Due to the suspension of Djibouti’s operating oil port, Ethiopia is requesting that the Djibouti administration promptly provide alternate tankers for the incoming petroleum cargo. The Ethiopian Petroleum Supply Enterprise (EPSE) delegation asked Djibouti authorities to provide alternative discharge ships for oil imports during its visit earlier this week. On […]