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Ethiopia’s Bid to Host the 2029 Africa Cup of Nations: CAF’s Consideration

IntroductionEthiopia's bid to host the 2029 Africa Cup of Nations (AFCON) has garnered significant attention following the 46th General Assembly of the Confederation of...

Ethiopia: Berenta Cement and SINOMA International Agree to Work Together

Berenta Cement PLC and SINOMA International signed an agreement to set up an industrial park for the manufacturing of cement and building materials, gypsum, gypsum board, glass, fibreglass, and other similar items.

Insights on Ethiopia’s Economic Transformation Agenda: Academia’s Role in Sustainable Growth

Experts and professionals from academia and key institutions convened...

Ethiopia requests $2 billion from IMF

Ethiopia is negotiating a $2 billion loan from the International Monetary Fund (IMF) as part of a reform program, as per Reuters.

Ethiopia, France Holding 3rd Economic Bilateral Committee

The 3rd French-Ethiopian General Committee of the Joint Declaration of Intent on the Promotion of Economic Development in Ethiopia is being held by the Ethiopian Ministry of Finance and the Embassy of France.

CAF Women’s Champions League 2024: Commercial Bank of Ethiopia Prepares for Debut

The Journey to Morocco: A Historic Moment for Ethiopian...

New Federal Police Forensic Investigation Center to Revolutionize Law Enforcement in Ethiopia

On November 16, 2024, Ethiopia officially inaugurated the Federal...

Hungary Keen to Strengthen Cooperation in Ethiopia’s Education Sector

Péter Szijjártó, the Hungarian Minister of Foreign Affairs and Trade, underlined his country's willingness to continue increasing cooperation in the education sector with Ethiopia.

Ethiopia Surpasses Export Revenue Target, Earns $1.5 Billion in First Fiscal Quarter

Ethiopia has exceeded its export revenue goals, generating over $1.5 billion during the first quarter of the 2024/2025 fiscal year, the Ministry of Trade and Regional Integration announced Thursday.

Safaricom Ethiopia Advocates for Equal Market Access in Telecommunications

Introduction Safaricom Telecommunications Ethiopia Plc, a key player in...

Chinese company to develop multi-million-USD industrial park in Ethiopia

Chinese company, Sinoma International Engineering Co., Ltd. has inked a collaboration agreement with the Ethiopia-China joint venture, National West International Holding (WIH) Building Materials Holding Company, for the development of a 600 million US-dollar industrial park in eastern Ethiopia.

Ethiopia’s Bid to Host 2029 AFCON Garners Strong Support from CAF Leaders

Ethiopia’s ambition to host the 2029 Africa Cup of...

Ethiopian Yomif Kejelcha Sets New World Record in Half Marathon in Valencia

Ethiopian long-distance runner Yomif Kejelcha shattered the men’s world half marathon record in Valencia on Sunday, setting a new benchmark with a time of 57 minutes and 30 seconds, edging out the previous record by just one second.

Ethiopia’s Startup Proclamation: Granting 30% Stake to EIH

The Ethiopian government is taking significant strides to nurture...

Ethiopia, IFAD Sign 106.4 Million Dollar Grant Agreement

Ethiopia and the International Fund for Agricultural Development (IFAD) have signed a grant agreement of 106.4 Million dollar financing agreement.

Ethiopia, Italy and Somalia Agree to Boost Trilateral Relationship

Ethiopia, Somalia, and Italy have agreed to strengthen their trilateral, diverse ties, after a meeting between the three countries in Ethiopia.

Ethiopia and Kenya to become Sub-Sahara’s 3rd and 4th largest economies after Nigeria and South Africa – IMF

The IMF projects that Kenya's GDP would surpass that of Angola, pushing it up to fourth position in sub-Saharan Africa. Ethiopia is expected to surpass both Angola and Kenya to become the third-largest economy in Africa.

EU’s Vital Role in Strengthening Ethiopia’s Digital Economy

Ethiopia continues to make significant strides in enhancing its...

Ethiopian Airlines Honored with Two Prestigious Awards

Toronto (Canada) - Ethiopian Airlines Celebrates Global Success with...

Safaricom gets licence to launch M-Pesa services in Ethiopia

Ethiopia has granted Safaricom a licence to launch M-Pesa services, a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007.

Italy PM announces major gas plan on Ethiopia trip

Italy's Prime Minister Giorgia Meloni announced plans for an African energy cooperation deal starting in October during her visit to Ethiopia on Friday.

Ambassador of China to Ethiopia Calls for Investment in Manufacturing Sector

Zhao Zhiyuan, China's ambassador to Ethiopia, has called on Chinese investors to put money into Ethiopia's lucrative manufacturing industry.

Ethiopia Committed to Implement Single African Air Transport Market: Transport, Logistics Minister

The Minister of Transport and Logistics, Alemu Sime, said Ethiopia will continue working on the implementation of the Intra-African Air Transport Market (SAATM) until the project is fully operational.

Great Ethiopian Run 2024: A Celebration of Culture, Fitness, and Unity

The 24th edition of the Great Ethiopian Run International...

Ethiopian youth festival to be held in Addis Ababa

The Youth Festival 2023 “Be Inspired, Own Your Future” to celebrate, connect and empower Ethiopian youth will take place on April 29 – 30, 2023 at Millennium Hall in Addis Ababa.

Ethiopia Sets Ambitious Revenue Goal Amid IMF Reforms

Ethiopia has announced a substantial increase in its revenue target as part of a reform-driven agreement with the International Monetary Fund (IMF).

Ethiopia’s Finance Minister Calls on American Companies to Invest in Ethiopia

Finance Minister, Ahmed Shide urges American companies to invest in Ethiopia. He also expressed a brighter window of growing Ethio-US business and investment collaboration.

Ethiopia to offer up to five banking licenses to foreign investors

The Vice Governor of the Central Bank of Ethiopia, Solomon Desta told reporters that Ethiopia will give up to five banking licenses to foreign investors over the next five years as part of preparations to open up the financial services sector to global competition.

Valencia Marathon 2024: Sisay Lemma and Amane Beriso Aim for New Records

Ethiopian stars Sisay Lemma and Amane Beriso are set...

Ethiopia’s Textile Industry: A Global Investment Opportunity

Ethiopia’s burgeoning textile and garment industry is rapidly emerging...

Ethiopia’s Bid to Host the 2029 Africa Cup of Nations: CAF’s Consideration

IntroductionEthiopia's bid to host the 2029 Africa Cup of...

Ethiopia leapfrogs Tanzania to become Kenya’s top investment destination

ADDIS ABABA -- Ethiopia has eclipsed Tanzania and Uganda as Kenya's top foreign investment destination.

Ethiopian Airlines Group is set to host 11th Aviation Convention in Addis Ababa, next month

The 11th Aviation Stakeholders Convention, scheduled to take place from 07-09 May 2023 is set to be held in Addis Ababa, Ethiopia.

Atlanta Mayor Andre Dickens to lead economic, cultural relations trip to Ethiopia

The US city of Atlanta Mayor Andre Dickens is leading a trip to Addis Ababa, Ethiopia, to foster economic and cultural relations between the two cities.

Kenya, Somalia, Ethiopia Launch Project to Reopen Borders

The official border crossings between Kenya, Somalia, and Ethiopia, which have been partially or entirely closed in recent years owing to security concerns, will be reopened as part of a new project.

Ethiopia’s Bold Move into Bitcoin Mining and AI Development

Ethiopia invests $250 million in bitcoin mining and AI, forging partnerships and pioneering tech advancements in Africa

Ethiopia, Malta Sign Cooperation Agreement

Ethiopia and Malta have today signed an agreement and two Memoranda of Understanding (MOUs) that are essential to strengthen mutual cooperation and interests.

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Four Ethiopian Athletes Nominated for “Out of Stadium Athlete of the Year” Award at World Athletics Awards 2024

IntroductionThe 2024 World Athletics Awards have announced the nominees...

Bank of Abyssinia Posts 4.2 Billion Birr Profit Amid Decline in Forex Earnings

Bank of Abyssinia, one of Ethiopia’s pioneering private banks,...

Safaricom Ethiopia Advocates for Equal Market Access in Telecommunications

Introduction Safaricom Telecommunications Ethiopia Plc, a key player in...

Ethiopia’s Startup Proclamation: Granting 30% Stake to EIH

The Ethiopian government is taking significant strides to nurture...

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Former Ethiopian PM Calls for Strategic Unity Among Africans on Global Platforms

At the Africa Defense Ministers' Conference in Addis Ababa, former Ethiopian Prime Minister Hailemariam Dessalegn emphasized the pressing need for African nations to engage in strategic dialogue, according to local media reports.

Bank of Abyssinia Posts 4.2 Billion Birr Profit Amid Decline in Forex Earnings

Bank of Abyssinia, one of Ethiopia’s pioneering private banks,...

Safaricom Ethiopia Advocates for Equal Market Access in Telecommunications

Introduction Safaricom Telecommunications Ethiopia Plc, a key player in...

Ethiopia’s Startup Proclamation: Granting 30% Stake to EIH

The Ethiopian government is taking significant strides to nurture...