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British company to build $100mln textile, garment factory

Addis Ababa, Janaury 8, 2017 (FBC) – The British company Intrade UK Ltd. has concluded today an agreement to build a 100 million US dollars textile and garment factory at…

Premier Appoints Deputy to Chair MetEC Board

Demeke Mekonnen, deputy prime minister, has been appointed by the Prime Minister to chair the board of directors of the state owned Metals & Engineering Corporation (MetEC), replacing Minister of…

Ethio-Djibouti railway announces passengers, freight tariffs

Addis Ababa, January 1, 2018 (FBC) – The Ethio-Djibouti railway line today announced passengers and freight tariff According to Engineer Tilahun Farka, director general of Ethio-Djibouti Railway Transport Share Company,…

Ethiopia launches $270 mln SMEs Finance Project

Addis Ababa, December 28, 2017 (FBC) – Ethiopia today launched Small and Medium Enterprises (SMEs) Finance Project with 270 million US dollars. A study by the World Bank found that…

Ethiopia, World Bank sign financing agreements worth $470 mln

(EBC; December 21, 2017) – Ethiopia and the World Bank on Thursday signed two financing agreements amounting to 470 million US dollar in the form of grant and loan. As…

Economic integration b/n Ethiopia, Djibouti model for regional integration

Addis Ababa, December 6, 2017 (FBC) –The economic integration that Ethiopia and Djibouti are forging could be a model for the aspired regional integration in East Africa, Ethiopia’s Transport Minister…