newbusinessethiopia.com
@newbusinessethiopia Wed, 29 Jul 2026 08:53:58
Development Bank of Ethiopia to Provide €31 Million in Loans to MSMEs
With the help of KfW Development Bank, the German governments official development bank, Ethiopias state owned financial institution the Development Bank of Ethiopia (DBE) is set to provide €31 million in loans to support micro, small, and medium-sized enterprises (MSMEs) operating in conflict-affected areas. The concessional loan facility has been made possible through €31
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newbusinessethiopia.com
@newbusinessethiopia Sat, 01 Aug 2026 03:28:13
Amhara Region of Ethiopia Produced 357 Kilograms Gold
The Amhara Region of Ethiopia announced that it has produced and delivered 357 Kilograms of Gold to the National Bank of Ethiopia during the budget year of the country ended July 7, 2026. This is indicated during the Amhara National Regional State Council 12th regular session of the 6th round, 5th year working term. During
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@newbusinessethiopia Sat, 01 Aug 2026 02:07:17
Ethiopia Generates 21 Percent More Electricity, Half Generated From GERD
The Ethiopian Electric Power (EEP) Generation Business Unit has announced that it generated more than 35,670 gigawatt-hours (GWh) of electricity during the Ethiopian fiscal year ended July 7, 2026. The amount represents 21 percent more than the electricity the country generated the previous year. Out of the total the total, the Grand Ethiopian Renaissance Dam
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@newbusinessethiopia Wed, 29 Jul 2026 04:35:19
Ethiopia – US Security Partnerships Can Lead to Commercial Opportunities, Says AFRICOM
The African Communications and Logistics Symposium (ALCS) 2026 brought together military leaders, government officials, industry representatives, and delegates from more than 40 countries at the Hilton Hotel Addis Ababa, Ethiopia. During the event, New Business Ethiopias Reporter Yordanos Tadesse, talked to AFRICOM Chief Media Engagement Division, Patrick Foughty, who argues that Ethiopia US security
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@newbusinessethiopia Wed, 29 Jul 2026 05:06:26
Ethiopia Plans to Boost Manufactured Goods Export Income to One Billion USD
Ethiopia, whose export trade is heavily reliant on raw agricultural commodities and minerals, aims to increase its income from manufactured goods export to one billion USD next year. This is indicated by the Minister of Industry Melaku Alebel, who spoke at a discussion is currently being held with manufacturers that recorded strong export performance during
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@newbusinessethiopia Wed, 29 Jul 2026 06:43:03
Hundreds of Ethiopian Women Rescued from Misery in Saudi Arabia
Hundreds of Ethiopian women immigrants are rescued from misery in Saudi Arabia. A total of 1,834 Ethiopian nationals who had been living in difficult circumstances in Saudi Arabia have returned to Ethiopia, says Ministry of Women and Social Affairs of Ethiopia. The returnees arrived during the week on eight repatriation flights. They included 1,604 men,
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@newbusinessethiopia Wed, 29 Jul 2026 08:42:56
Ethiopian Airlines Concludes Nine New Passenger Aircraft Purchases
Ethiopian Airlines Group Chief Executive Officer Mesfin Tasew announced that the purchase of nine new passenger aircrafts was completed during the Ethiopian budget year concluded July 7, 2026. In a briefing regarding the airline's 2018 budget year performance, the CEO stated that 897,000 metric tons of cargo were transported through the airline's cargo services during
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@newbusinessethiopia Mon, 27 Jul 2026 13:52:53
Ethiopia Annual Tax Revenue Grows 69 Percent
The Ministry of Revenues of Ethiopia says the countrys annual tax income for the Ethiopian fiscal year ended July 7, 2026 has increased by about 68.7 percent as compared to the previous year. During performance review meeting the Minister of Revenues Aynalem Niguse announced that the institutions collected 780.4 billion birr from domestic taxes and
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@newbusinessethiopia Mon, 27 Jul 2026 14:38:37
African Logistics Communications Symposium Opens in Addis Ababa
Gathering military generals and experts from different African countries and US Africa Command (AFRICOM) chief, African Logistics Communications Symposium (ALCS) is opened this morning Addis Ababa, Ethiopia. Logistics and communications may not always receive headlines, but every commander in this room knows they determine outcomes. Strategy can be sound, training can be excellent, and equipment can be world-class.
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@newbusinessethiopia Fri, 24 Jul 2026 14:55:42
Telebirr Contribution to Ethiopia's Journey Towards Inclusive Digital Economy
As stated in Ethio Telecoms report released yesterday, during the 2018 Ethiopian fiscal year ended July 7, 2026, the first year of the "Beyond Horizons: Digital and Beyond 2028" strategy, Telebirr maintained strong growth by processing 2.61 billion transactions, while the total transaction value reached ETB 4.19 trillion. Additionally, Telebirr acquired 8.54 million new customers,
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@newbusinessethiopia Fri, 24 Jul 2026 14:35:08
Twenty Million Ethiopians Set to Receive Free Medical Services
The state owned medical services provider St. Peter Specialized Hospital has officially launched its 2026 summer volunteer program, which aims to provides free health screening, medical consultation, and treatment services for 20 million Ethiopians. Speaking at the launch, Minister of Health Dr. Mekdes Daba announced that, during this year's summer season, 20 million citizens across
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@newbusinessethiopia Fri, 24 Jul 2026 08:20:45
Honey Production in Ankober District of Ethiopia Growing
Ankober District, one of the leading honey-producing areas in North Shewa Zone, has produced more than 104 tons of honey during the 2018 Ethiopian fiscal year. According to Mulugeta Abebe, Head of the District Livestock and Fisheries Development Office, the district had planned to produce 104 tons of honey during the fiscal year. Through coordinated
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@newbusinessethiopia Fri, 24 Jul 2026 08:46:58
Southern Ethiopia Increasing Standard Accommodations for Tourists
The newly formed Southern Ethiopia Region says its plan of increasing tourists standard accommodations that meets the needs of tourists visiting the region. In his report, Chief Administrator Tilahun Kebede stated that the region had planned to prepare 7,020 standard accommodation rooms in the tourism sector and has achieved 75% of the target. He added
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@newbusinessethiopia Thu, 23 Jul 2026 12:13:44
Ethiopia's Trade Minister Present Performance Report on Commodities Supply
Ethiopias Minister of Trade and Regional Integration, Dr. Kassahun Gofe, presented a detailed report to the Prosperity Party forum regarding the major activities carried out to stabilize the market, improve the supply of products, and reduce the cost of living. In the report presented by the Minister, he stated that multifaceted activities have been carried
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@newbusinessethiopia Thu, 23 Jul 2026 06:55:21
Over Million Visas Issued, Ethiopian Immigration says
The Ethiopian Immigration and Citizenship Service (ICS) announced that it has issued more than 1.04 million visas during the Ethiopian Fiscal Year ended July 7, 2026. The Director General of the Service, Ms. Selamawit Dawit, recalled that three years ago the institution issued only 276,000 visas annually. She noted that the issuance of 1.04 million
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@newbusinessethiopia Thu, 23 Jul 2026 09:06:43
US Opens American Space in Hawassa University of Ethiopia
U.S. Ambassador Ervin J. Massinga opened a new American Space at Hawassa University this week to connect Sidama Region of Ethiopia with resources to learn about the United States and build mutual understanding. American Space Hawassa is the seventh American Space in Ethiopia, and the first in the south of the country. Sidama Region Vice
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