South Ethiopia Regional State is gearing up to export banana products to the Middle East, announced Haliemariam Tesfaye, Head ...

Recently, the Ethiopian Investment Commission (EIC) designated 10 of these parks, including Adama, Hawassa, and Mekelle, as Special Economic Zones (SEZs). With the addition of the Dire Dawa SEZ, ...

ZamZam Bank announced a pre-tax profit of Birr 148 million for the 2023/24 fiscal year. The bank’s total income for the year exceeded Birr 850 million.

Ethiopia’s Livestock Development Institute has announced that the country generated USD 43 million from the export of animal ...

In the upcoming fiscal year, the National Bank of Ethiopia (NBE) is expected to revise its policy rate, commonly referred to as the National Bank Rate (NBR). The current rate, set at 15 percent, was ...

The Commercial Bank of Ethiopia (CBE) revealed that its total assets reached Birr 1.9 trillion. The bank’s President, Abe Sano, attributed this achievement to the macroeconomic reforms implemented ...

Ethiopian Electric Power (EEP) announced that its dams were fully replenished after the recent rainy season, ensuring ...

The World Bank has approved a USD 700 million credit through the International Development Association (IDA) to support ...

Lemi National Cement Factory has made a strong entrance into Ethiopia’s cement market, supplying over 310,000 tons of cement ...

Chinese automotive giant BYD officially debuted in Ethiopia with a brand launch event in Addis Ababa, partnering with local distributor MOENCO, a subsidiary of London-based Inchcape PLC. The event ...

The Ministry of Revenues (MoR) of Ethiopia announced that Birr 380 billion was collected in the first five months of the current fiscal year. Revenue Minister Aynalem Nigussie attributed this ...