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Ethiopia and Russia explore deeper economic ties amid sweeping reforms
Addis Ababa, February 20, 2025 (FMC) — Ethiopia’s Minister of Planning and Development, Fitsum Assefa, and State Minister Bereket Tesfamarim met with Mr. Maxim Reshetnikov, Russia’s Minister…
Six investors inject $160 million in Bole Lemi SEZ as construction and machinery installation…
Addis Ababa, February 20, 2025 (FMC) - Six local and international investors, collectively contributing over $60 million, have officially launched construction and machinery installation at…
UK Deputy PM highlights market opportunity in Ethiopia for sustainable, quality products
Addis Ababa, February 19, 2025 (FMC) - UK Deputy Prime Minister (DPM) Angela Rayner emphasized the importance of products being produced in an environmentally sustainable manner while…
UK Asset Green signs a $600M project agreement with EIH, EABC
Addis Ababa, February 17, 2025 (FMC) — The Ethiopian Investment Holdings and Agricultural Works Corporation signed a 600 million USD shareholders agreement to jointly invest in an Integrated…
Ethiopian Airlines, Airbus sign seven-year flight hour services contract
Addis Ababa, February 17, 2025 (FMC) – Ethiopian Airlines and Airbus have signed a seven-year Flight Hour Services (FHS) agreement to provide comprehensive maintenance support for the…
Ethiopian Securities Exchange inks MOU with its Rwanda Stock Exchange
Addis Ababa, February 16, 2025 (FMC) — The Ethiopian Securities Exchange (ESX) has signed a Memorandum of Understanding (MoU) with the Rwanda Stock Exchange (RSE) to foster collaboration and…
Aliko Dangote announces major expansion and new investments in Ethiopia
Addis Ababa, February 15, 2025 (FMC) - Dangote Group, Africa’s leading industrial conglomerate, and Ethiopian Investment Holdings (EIH) have announced a significant expansion of Dangote’s…
Ethio Telecom reports 61.9 billion birr revenue in first half of fiscal year
Addis Ababa, February 12, 2025 (FMC) – Ethio-Telecom has revealed substantial revenue of 61.9 billion birr for the first half of the 2024/2025 fiscal year.
CEO Frehiwot Tamiru attributed…
Ethio Telecom unveils newly built ultra-fast EV charging station in Addis Ababa
Addis Ababa, February 11, 2025 (FMC) - Today, Ethio Telecom, in its bold initiative to stepping toward supporting Ethiopia’s growing electric vehicle (EV) ecosystem, has unveiled its newly…
Ethiopia says COMESA membership significantly enhances its investment appeal
Addis Ababa, February 10, 2025 (FMC) – Ethiopia's Common Market for Eastern and Southern Africa (COMESA) membership significantly enhances its investment appeal, according to the country’s…