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 ...

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, ...

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 ...

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 ...

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 ...

A new oil factory, built at a cost of Birr 150 million, has been officially inaugurated in Assosa town, Benishangul Gumuz region. The factory is expected to enhance local oil production and reduce ...