Ethiopia – New Business Ethiopia

Ethiopia’s export income declines 9 percent

April 25, 2019April 25, 2019 NBE

Continuing its decline Ethiopia’s export income for the first nine months of the fiscal year started July 8, 2018, goes down by about 9 percent compared to same time last fiscal year.

Addis Ababa to host over 3,000 healthcare professionals

April 24, 2019April 24, 2019 NBE

Tha capital of Ethiopia, Addis Ababa City is set to host an international trade fair and forum focusing on healthcare, medical, pharma and wellness technology, inputs and solutions, the organizers said.

Ethiopia secures $1.8 billion from China

April 24, 2019 NBE

The State Grid Corporation of China (SGCC) is set to invest $1.8 billion in Ethiopia’s electric power transmission and distribution lines.

Ethiopia jails 3 GIZ employees for illegal trade

April 24, 2019April 24, 2019 NBE

The Customs Commission of Ethiopia today announced arresting three GIZ employees for abusing diplomatic privilege and importing worth 219.4 million birr (close to $7.7 million) goods without paying tax.

Ethiopia’s state bank deposit surpasses $17 billion

April 23, 2019April 23, 2019 NBE

The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said the recently appointed president of EBE.

Malaysian company to produce edible oil in Ethiopia

April 23, 2019April 23, 2019 NBE

Golden Africa, a Malaysian company is set to invest in edible oil manufacturing in Ethiopia creating jobs for 1,500 people in two years time.

Korea Exim Bank provides $264 million to Ethiopia

April 23, 2019April 22, 2019 NBE

South Korea Exim Bank has provided $264 million loan to the Government of Ethiopia supporting ongoing development projects of the government.

Ethiopian custom seizes $39,700 illegal cash

April 22, 2019April 22, 2019 NBE

The customs officers at the Togochale customs post in the eastern part of Ethiopia bordering Somalia seized $39,700 cash from an individual who was trying to smuggle out the cash.