Officials at Debre Birhan are eyeing almost USD 400 million in foreign direct investment (FDI) as they edge closer to organize the first regional international expo in the city, which …
BusinessEconomyEthiopiaINVESTMENT
Category:
Ethiopia
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AviationEconomyEthiopiaTransportation & Logisitics
Ethiopian airlines urges government to triple paid-up capital to 3000 billion birr
Ethiopian Airlines has requested the government to raise its paid up capital to 300 billion birr, a three-fold increment from the current 100 billion birr. The group’s fast-growing asset and …
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The Ethiopian Commodity Exchange (ECX) is in the process of starting to facilitate the trading of wheat on its floor. The crop will return to the Exchange’s trading floor after …
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AfricaBusinessEconomyEthiopiaFinance & ServicesKenya NewsSafaricom
Safaricom Consortia To spend Sh36.3 Billion Annually In Safaricom Ethiopia
Safaricom consortia will spend Sh36.3 billion ($300 million) annually in Safaricom Ethiopia. Safaricom Chief Executive Officer (CEO) Peter Ndegwa said the amount will be invested every year. This comes at …
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Banking, Finance & InvestmentBusinessEconomyEthiopia
Government expects saving of 100 million dollar per year from the ban selected import items
The central bank of Ethiopia expects saving close to 100 million dollar per year, from the ban imposed on selected import items. In a circular written on October 14, 2022, …
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BusinessEconomyEthiopiaTransportation & Logisitics
Railway demurrage suffocates exporters and importers for small delays
Exporters, importers, and logistics companies are irked by the Ethio-Djibouti Railway’s (EDR) exorbitant demurrage charges for small delays. As an alternative to railway transportation, a significant number of businesses are …
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BusinessEconomyEthiopiaSafaricomTelecommunications
Safaricom launches a commercial service in Addis as Ethiopia telecom to face stiff competition
Safaricom Ethiopia launches commercial services in Addis Ababa, ending the half-century old telecom monopoly that was under the control of Ethiopia telecom. At a press briefing held at the Hayatt …
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Banking, Finance & InvestmentBusinessEconomyEthiopia
Central Bank of Ethiopia freezes accounts of 392 currency dealers
The National Bank of Ethiopia ordered banks to freeze the accounts of over 392 individuals accused of trading foreign currencies in the parallel market. Yinager Dessie (PhD), governor of the …
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AgricultureBusinessEconomyEthiopiaUncategorized
Amhara Region seeks one million daily laborers to harvest 6.9million quintals
One million daily laborers are required by the West Gondar Zone, which is a part of the Amhara Region, to harvest 6.9 million quintals this month. The call comes as …
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Banking, Finance & InvestmentEthiopiaInsurance
Independent regulatory body to set free insurers from central bank’s shadow
The Insurance Supervision Directorate at the National Bank of Ethiopia (NBE) is set to become an independent insurance regulatory body separate from the central bank. It will evolve into a …