Addis Ababa, August 15, 2024 (FBC) – Maximo Torero Cullen, the Chief Economist of the United Nations Food and Agriculture Organization (FAO), acknowledged that Ethiopia’s industrial parks have created auspicious environment for agro-processing investment. The FAO Chief Economist made this statement after his visit to Bole Lemi Industrial Park, where […]
Daily Archives: August 21, 2024
23 posts
Addis Ababa, August 13, 2024 (FBC) – Ethiopia has signed a Memorandum of Understanding today in the presence of stakeholders to cooperate with the East and Southern African Market Coordinating Agency (COMESA) in avocado, red onion and potato products. The MOU signing event was held at a forum organized by […]
Addis Ababa, August 13, 2024 (FBC) – The Ethiopian Securities Exchange (ESX) announced that it has signed two pivotal technology agreements with Infotech Private Limited, a leading global provider of capital markets technology solutions. These agreements mark a significant step forward in the development of Ethiopia’s first ever securities exchange, […]
Ambassador Demeke Atnafu, Deputy Head of Mission at the Ethiopian Embassy in Nairobi, received and met with Samuel Weruethe, Kenya’s National Executive Chairman and Chamber Chairman and other Eight Directors of the Chamber on 12 August 2024. During the Meeting, Ambassador Demeke briefed the delegates about the ample business and […]
Ethiopia stands at a critical juncture as it considers implementing sweeping economic reforms similar to those that have recently plunged Nigeria into a severe economic crisis. The cautionary tale of Nigeria’s economic freefall underscores the profound risks associated with such reforms, especially in countries with fragile economies and complex social […]
The National Bank of Ethiopia (NBE) has announced that it will suspend the two mandatory bond instruments that banks were required to buy, even though it anticipated that Treasury bonds (T-bonds) alone would bring in 50 billion birr during the current fiscal year. Regarding the introduction of the economic reform […]
Addis Ababa, August 12, 2024 (FBC) – Dutch and United Arab Emirates investors have expressed their desire to engage in soil fertilizer production in Ethiopia. This was revealed after a meeting between Ethiopia’s Minister of State for Industry, Hassan Muhammed, and delegates from the Dutch and United Arab Emirates business […]
Addis Ababa, August 12, 2024 (FBC) – During a meeting between Iranian Ambassador Ali Akbar Rezaei and CEO Fisseha Yitagesu of the Industrial Parks Development Corporation of Ethiopia (IPDC) in Addis Ababa, it was confirmed that efforts will be made to encourage Iranian investors to invest in industrial parks focused […]
Addis Ababa, August 12, 2024 (FBC) – Ethio telecom disclosed that it is carrying out activities to expand mobile telephone networks across all rural parts of Ethiopia by utilizing renewable energy as alternative mechanism. Ethio-telecom has today inaugurated rural mobile telephone network projects in Somali and Central Ethiopia regions. Network […]
Addis Ababa, August 8, 202 (FBC) – The National Bank of Ethiopia (NBE) today announced that it has begun accepting applications for Independent Foreign Exchange Bureaus, in line with the newly approved Foreign Exchange Directive (FXD/01/2024) that became effective July 29, 2024. Independent FX Bureaus are authorized to engage in […]
Addis Ababa, August 8, 2024 (FBC) – Fiseha Yitagesu, the CEO of Industrial Parks Development Corporation (IPDC), has stated that his corporation will provide the necessary support to Soufflet Malt Ethiopia SC, a subsidiary of the French agricultural group InVivo, to expand its investment in Ethiopia. This assurance was given […]