Ethiopia attracts $1.1 billion FDI in five months
Ethiopian Investment Commission has indicated that the country has attracted $1.1 billion foreign direct investment during the first five months of the year.
Ethiopia secures $1.4 billion remittance from diaspora
During the first five months of the budget year of the country started July 8, 2020, the Government of Ethiopia has secured $1.4 billion remittances from the Ethiopian diaspora who used legal…
Ethiopia repatriates 405 immigrants from Oman, Saudi
The Government of Ethiopia in collaboration with the Governments of Oman and Saudi Arabia have helped repatriation of 405 Ethiopian immigrants from Oman and Saudi Arabia, the Ministry said.
Ethiopia captures TPLF godfather Sibhat Nega
The special force of federal police and national defense force of Ethiopia today captured Sibhat Nega, known as the godfather of Tigray Peoples Liberation Front (TPLF).
Siemens Gamesa set to produce 100 MW wind energy in Ethiopia
Siemens Gamesa has inked a deal with the state agency Ethiopian Electric Power (EEP) to produce 100 MW wind energy that help power over 400,000 Ethiopian households in Ethiopia.
Zemen Bank profit surpasses one billion Birr
Compared with the preceding year, the annual gross profit of Zemen Bank Share Company, one of the 16 private banks in Ethiopia, has surpassed one billion Birr for the financial year concluded…
French malt factory in Ethiopia begins production
Built in Debre Birhan Industry Park in Amhara region of Ethiopia and owned by the French Boortmalt, a subsidiary of Axereal (a French farmer cooperative), a new malt factor begins test production…
Wegagen Bank of Ethiopia profit up 46 percent
During the financial year concluded June 30, 2020, Wegagen Bank, one of the private banks in Ethiopia, has reported annual gross profit of close to 1.07 billion Birr – 46 percent up…
Africa continental trade goes operational today
Signed by 54 African countries, African Continental Free Trade Area (AfCFTA), the largest common market in the world with over 1.2 billion people today goes operational.
Ethiopian-DHL, AeTrade Group partner to facilitate continental trade
Ethiopian Airlines-DHL and African Electronic Trade Group partner to transport historical parcels in the African Continental Free Trade Area.
1,131 COVID-19 patients in Ethiopia recover in 24 hours
In the last 24 hours 1,131 Ethiopians have recovered from coronavirus (COVID-19) while the country reported 468 new cases.
Ethiopia introduces zero profit tax incentive to boost tourism
With the aim of encouraging new private investments in tourist attraction sites, the Government of Ethiopia has introduced a zero profit tax for new investments in hospitality sector near seven tourist attraction…
Hibret Bank of Ethiopia profits grows 15 percent
Compared with the previous financial year annual gross profit of Hibret Bank, one of the sixteen active private banks in Ethiopia, has increased by over 15 percent to 1.13 billion Birr during…
Ethiopia electoral board chooses voting dates
National Electoral Board of Ethiopia (NEBE) chosen June 5, 2021 and June 12, 2021 to be voting dates for the sixth general election of the country.