Trade – 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.

Global e-commerce sales surges to $29 trillion

March 31, 2019April 9, 2019 NBE

Global e-commerce sales grew 13% in 2017, hitting an estimated $29 trillion, according to the latest numbers released today by the UN Conference on Trade and Development (UNCTAD).

Egypt expresses support to regional integration

March 15, 2019March 15, 2019 NBE

Egypt has affirmed its strong support for the African Development Bank as a development partner and is committed to strengthening regional integration, the country’s Prime Minister, Mostafa Madbouly said during a meeting in Cairo with a Bank delegation.

French multinational logistics companies enter Ethiopian market

March 13, 2019April 23, 2019 newbusinessethiopia

Following the recent decision of Ethiopian Government to liberalization its logistics sector, Bolloré Africa Logistics and CMA/CGM Group of France venture with two local logistics companies.

Somaliland launches road construction to connect Berbera Port with Ethiopia

Somaliland launches road project connecting Berbera Port and Ethiopia

March 3, 2019March 3, 2019 newbusinessethiopia

President Muse Bihi Abdi Somaliland and Ethiopia officials from Somali region laid a cornerstone for the construction of a highway that links Berbera Port with Ethiopia’s border tow Togochale.

Report suggests policies to boost Africa’s GDP by $134 billion

February 9, 2019February 10, 2019 newbusinessethiopia

The 2019 African Economic Outlook by the African Development Bank (AfDB) suggests five trade policy actions that can bring Africa’s total gains to 4.5% of its GDP, or $134 billion a year.

Ethiopian Airlines gets gold prize for cargo service

February 7, 2019February 7, 2019 newbusinessethiopia

Ethiopian Airlines gets gold prize as the top performing cargo transportation airline at the Customers Annual Meeting organized by Guangzhou Bayiun International Airport on 30th January 2019.

Ethiopia passes continental free trade deal

February 2, 2019February 2, 2019 newbusinessethiopia

The Council of Minister of Ethiopia today approves the African Continental Free Trade Agreement (AfCFTA), which envisages creating the largest common market in the world.

Ethiopia export income drops 38%

January 24, 2019January 24, 2019 newbusinessethiopia

Ethiopia earned export revenue of $1.21 billion in six months of the current Ethiopian fiscal year (July, 8, 2018 to January 7, 2019).

Ethiopian shipping urges government to use its idle ships

January 3, 2019January 3, 2019 newbusinessethiopia

The Ethiopian Shipping and Logistics Services Enterprise (ESLSE), the government company which has been in shipping business for over 54 years, says it has been deprived from transporting Ethiopia’s major import items such as fuel, fertilizers and wheat.

Africa gets $32.6 billion deals for power, manufacturing, gas projects

December 26, 2018December 26, 2018 newbusinessethiopia

Africa gets $32.6 billion deals for power, manufacturing, oil and gas, financial services, logistics projects at the Intra-African Trade Fair (IATF) concluded in Cairo.

Mauritius tops Africa online shopping readiness ranking

December 10, 2018December 10, 2018 newbusinessethiopia

Mauritius has been ranked the most prepared country in Africa for shopping online, according to UNCTAD’s Business-to-Consumer (B2C) E-commerce Index for 2018.