A new oil factory, built at a cost of Birr 150 million, has been officially inaugurated in Assosa town, Benishangul Gumuz region. The factory is expected to enhance local oil production and reduce ...

The National Bank of Ethiopia (NBE) has announced a Special Foreign Exchange Auction scheduled for February 25, 2025, with USD 60 million available for bidding by all banks.

Ethiopia's sovereign wealth fund, Ethiopian Investment Holdings (EIH), has announced plans to introduce competition into the country’s multimodal transport sector, marking a shift in an industry long ...

Ethiopia generates over USD 1.016 billion in the first seven months of the fiscal year from coffee, tea, and spice exports.

Ethiopia’s flower exports declined by 7% during the peak Valentine’s Day season, with shipments dropping from 2.91 million ...

Dangote Group, Africa’s leading industrial conglomerate, has announced a major expansion in Ethiopia, reinforcing the country ...

The Addis Ababa City Administration has reported a revenue collection of over Birr 111 billion in the first half of the fiscal year, exceeding expectations. During a regular city council meeting, ...

Ethiopia’s Ministry of Finance and Ethiopian Electric Power (EEP) have signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATIDI) to accelerate the country’s clean ...