Ethio Telecom has recorded 215.8 billion Ethiopian Birr in revenue for the 2018 Ethiopian fiscal year,…
Category: Business and Economy
National Bank of Ethiopia Releases USD 500 Million Foreign Exchange Auction Schedule
The National Bank of Ethiopia (NBE) has released its foreign exchange auction schedule for the first…
Ethiopia Allocates 33,000 Hectares of Infrastructure-Ready Land to Boost Horticulture Exports
The Ethiopian Horticulture Producer Exporters Association (EHPEA), in partnership with the Ministry of Agriculture, has officially…
Contractor and Ministry Defend Welmel and Chelchel Irrigation Projects Against Claims of Illegal Costs
The Ministry of Irrigation and Lowlands alongside contractor Alemayehu Ketema General Contractor have pushed back against…
Ethiopia and UAE to Host Bilateral Business Forum in Dubai to Expand Trade Ties
The Addis Ababa Chamber of Commerce and Sectoral Associations (Addis Chamber), in collaboration with the Dubai…
China Surpasses U.S. to Become Third-Largest Importer of Ethiopian Coffee
China has officially overtaken the United States to become the third-largest buyer of Ethiopian coffee, driven…
GERD’s Nigat Lake Fish Yield Surpasses Targets Amid Local Growth and Cooperative Challenges
A total of 11,367 tons of fish were harvested from Nigat Lake at the Grand Ethiopian…
Tewolde Gebremariam Selected to Lead Privatized Pakistan International Airlines
Pakistan International Airlines (PIA) has selected former Ethiopian Airlines Group Chief Executive Officer Tewolde Gebremariam as…
National Bank of Ethiopia Lifts Credit Caps, Raises Policy Interest Rate to 16%
The National Bank of Ethiopia (NBE) has completely lifted its temporary credit growth restrictions on commercial…
World Bank Shifts Strategy in Ethiopia, Prioritizing Job Creation Over Mega Projects
The World Bank has officially announced a major policy shift in its upcoming 10-year Country Partnership…