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Ministry obtains over 451 birr revenue in six months
Ethiopia’s Ministry of Revenues (MoR) today confirmed that it has obtained over 451 billion birr in the first half of the 2024/25 fiscal year. This achievement was revealed at a joint…
NBE urges local banks to enhance competitiveness Ahead of foreign market entrants
Addis Ababa, January 14, 2025 (FMC) - Solomon Desta, Vice Governor of the National Bank of Ethiopia (NBE), emphasized the importance of capacity building among local banks to effectively…
China’s Sichuan Lihong Construction Group expresses strong interest in expanding its operation in…
Addis Ababa, January 11, 2025 (FMC) – Sichuan Lihong Construction Group Co., Ltd., a Chinese construction, mineral exploration, and processing and mining machinery manufacturing firm has…
India’s MM Auto Industries invited to invest in Ethiopia
Addis Ababa, January 10, 2025 (FMC) – Ambassador Molalign Asfaw, Deputy Head of Mission of the Ethiopian Embassy in New Delhi, visited MM Auto Industries' manufacturing facility in Manesar,…
Addis Chamber, Embassy explore ways to enhance trade ties between Ethiopia, Tunisia
Addis Ababa, January 10, 2025 (FMC) - Ethiopia and Tunisia have long enjoyed a partnership characterized by robust business and economic connections, with the Addis Chamber of Commerce and…
AACCSA convenes 17th General Assembly, elects new leadership
Addis Ababa, January 9, 2025 (FMC) – The Addis Ababa Chamber of Commerce and Sectoral Association (AACCSA) convened its 17th General Assembly today, with notable participation from city…
Turkish Manufacturer announces a plan to expand its presence in Ethiopia
Addis Ababa, January 9, 2025 (FMC) - Kumtek Industrial PLC, a Turkish company in Ethiopia, has announced plans to expand its operations in the country, the company's Executive Manager, Sindu…
CBE transacts 5.3 trillion Birr through digital channels in last six months
Addis Ababa, January 8, 2025 (FMC) – The Commercial Bank of Ethiopia (CBE) has announced that it has transacted 5.3 trillion Birr through its digital services in the first half of the…
Ethiopian business, trade delegation to travel to Saudi Arabia next week
Addis Ababa, January 8, 2025 (FMC) – The representatives of the Ethiopian business community are anticipated to visit Saudi Arabia next week and explore opportunities in order to strengthen…
Huajian Group keen on investing in Dire Dawa Free Trade Zone
Addis Ababa, January 4, 2025 (FMC) - A meeting between Fiseha Yitagesu (PhD), CEO of the Industrial Parks Development Corporation, and Hua Rong Zhang, CEO of Huajian Ethiopia, explored…