Currently, only a few banks, including state-owned institutions such as the Commercial Bank of Ethiopia (CBE) and the Development Bank of Ethiopia (DBE), meet the threshold. CBE alone holds 43.5% of ...

Japanese solar panel manufacturer Toyo Solar has launched pilot production at its newly established facility in the Hawassa Special Economic Zone, following a USD 60 million investment in Ethiopia.

Ethiopian Electric Power (EEP) announced that it generated 13,504.2 gigawatt hours (GWh) of electricity in the first half of the 2024/25 fiscal year, surpassing its target by 15.6%. According to ...

The Ethiopian Construction Works Corporation (ECWC) announced that it is currently managing 57 projects with a combined contract value of Birr 45.2 billion. The state-owned construction firm aims to ...

The Ethiopia-China Economic and Trade Forum commenced yesterday at the Skylight Hotel. The forum was jointly organized by Ethiopia’s Ministries of Foreign Affairs and Trade & Regional Integration, ...

The Ethiopian Businesswomen Association held its inaugural general assembly, progressing in its mission to empower and support women entrepreneurs and business professionals across the country. The ...

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’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’s growing appeal as an investment hub.

Ethiopia generates over USD 1.016 billion in the first seven months of the fiscal year from coffee, tea, and spice exports. Coffee exports alone contributed over USD 1.011 billion, marking a ...