IMF and Ethiopia Reach Preliminary Agreement on $3.4 Billion Extended Credit Facility
Addis Ababa, Ethiopia – It was announced today that the International Monetary Fund (IMF) and the Ethiopian government have reached a preliminary agreement...
Ethiopia’s Largest Cement Factory, Lemi National, Opens with 150,000 Quintal Daily Capacity
Lemi, Ethiopia – Prime Minister Abiy Ahmed (PhD) has officially inaugurated the Lemi National Cement Factory in the Amhara region, the largest cement factory...
Addis Ababa City Administration Tightens Control on Building Permits and Setback Violations
The Addis Ababa City Administration's Construction Permit and Control Authority has issued a strict warning to developers violating the city's building regulations, specifically related...
Unlocking Ethiopia’s Gemstone Potential: Haimanot Sisay’s Journey as the First Gemstone School Founder
Haimanot Sisay's journey from studying computer science to becoming a pioneering gemologist in Ethiopia is a compelling tale of passion, perseverance, and the transformative...
Ethiopia’s Government Considers Berbera Port for Fuel Imports as Djibouti Depot Faces Capacity Declines
The Ethiopian government is awaiting a decision regarding the importation of fuel through Berbera Port in Somaliland, a move prompted by ongoing issues with...
Zemen Bank Mobilizes Over $500 Million in Foreign Currency During 2023/24 Fiscal Year
Zemen Bank has announced that it successfully mobilized over $500 million in foreign currency during the 2023/24 fiscal year. The bank reported a total...
