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Ethiopia garners $390 mln in nine months from manufacturing exports
Spread the NewsEthiopia has garnered $390 million from exports of the manufacturing industry, Melaku Alebel, Minister of Industry, said Tuesday. Melaku pointed out that the performance was 87 percent of the target set for this Ethiopian fiscal year. “Activities will be conducted to boost industrial export earnings,” he said, adding that, “Solving the difficulties in…
Gov’t invests 12.8 bln Birr to subsidize fuel
Spread the NewsThe government announced that it has invested 12.8 billion Birr in April 2022 to subsidize fuel. The government spent 24 billion Birr on subsidy of fuel in the past two years. Meanwhile, Ministry of Trade and Regional Integration (MoTRI) revealed a decision to hike fuel prices by 16 percent starting from Sunday. MoTRI…
Addis Abeba-Djibouti Railway earns $67 million
Spread the NewsThe 752.7 km Ethiopia-Djibouti railway, also known as Addis Abeba-Djibouti railway, announced record high revenue of $67 million in the first ten months of 2021. The first modern electrified railway line in East Africa, official commercial operations for both passenger and freight services commenced in January 2018, reported a record increase of 36.5…
Tewolde GebreMariam receives Change Maker Award 2021
Spread the NewsMr. Tewolde GebreMariam, CEO of Ethiopian Airlines Group, has been awarded with the CHANGE MAKER AWARD 2021 and Ethiopian Airlines won the Corporate Governance Award 2021 in the Aviation Leadership CEOs Forum/Aviators Africa Tower Awards event on the 27th of October 2021.
Ethiopia attracts $2.43 bln FDI in nine months
Spread the NewsEthiopian Investment Commission (EIC) announced Tuesday that the country has attracted a Foreign Direct Investment (FDI) of $2.43 billion in nine months of the current fiscal year. Lelisse Neme, Commissioner of EIC said in a presser on Tuesday that the plan was to attract FDI of $3.63 billion in nine months. The FDI…
Hibret Bank inaugurates its headquarters
Spread the NewsHibret Bank Share Company has inaugurated its new 37-storey headquarters (HQ), which was constructed at a cost of 2.8 billion Birr on Saturday. The HQ which is called “Hibir Tower” is located at Senga Tera financial district. It was inaugurated with the presence of President Sahilework Zewde and Yinager Dessie (PhD), Governor of…