Ethiopian Resumes Athens Route as Demand Spikes

Jun 25 , 2022

The Ethiopian Airlines Group has resumed operating flights to Athens, Greece three times a week in response to increased demand. Travel to Greece has exhibited a sharp uptick in recent weeks, edging closer to pre-pandemic levels for a country that is heavily dependent on tourism. Industry insiders foresee demand will continue to rise in the coming month. Ethiopian Airlines flies to more than 130 international passenger and cargo destinations across five continents. The Group is one of 27 state-owned enterprises to come under the wing of the newly-formed Ethiopian Investment Holdings, the country's first sovereign wealth fund. Other giant enterprises, such as the Commercial Bank of Ethiopia (CBE) and Ethio telecom, have also been placed under the purview of the wealth fund established earlier this year.


Premier Pushes Domestic Drug Production

A six-day domestic pharmaceutical production and innovation expo was inaugurated by Prime Minister Abiy Ahmed (PhD) last week. More than 110 local pharmaceutical manufacturers participated at the Millennium Hall on Airport Road. Recently appointed Minister of Health Meqdes Daba (MD), said local production of pharmaceuticals has become a cornerstone of health policy, which received approval from the Council of Ministers a month ago. However, a report from the Global Fund For Health last year r...


AFDB Lauds $8m for Solar Mini-Grid

Around half a million people foresee benefits from the pilot mini-grid built across nine sites in Amhara, Oromia, Sidama, and the Southern regional states. African Development Bank Group has approved eight million dollars in finance to support the project under the Distributed Renewable Energy & Agriculture Modalities (DREAM) program. The DREAM project, with a total budget of 20 million dollars through concessional loans, grants, and risk mitigation, will cover half of the mini-grid capital...


Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three years, the project follows negotiations between Ethiopia and the International Development Association (IDA). The Chief Whip Tesfaye Beljige (PhD), presented details of the loan agreement to lawmakers and said that the project focuses on enhancing the supply of clean drinking water and improving sa...