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Oct 5 , 2019

CBE Dedicates Branch for Diaspora

Commercial Bank of Ethiopia, the state-owned banking giant, has inaugurated the first branch that is dedicated to the Ethiopian diaspora. Located at Legehar, the branch was inaugurated on October ...

Oct 5 , 2019

Public Enterprises Generate 52.3b Br Profit

public enterprises have generated a combined profit of 52.3 billion Br during the last fiscal year, according to a report from the  Public Enterprises Holding & Administration Agency. The p...

Oct 5 , 2019

National Carrier Transports 12.5m Passengers

Ethiopian Airlines has carried more than 12.5 million passengers in the just-ended fiscal year. The company, which had a hard year after the crash of its Boeing 737 Max-8 aircraft last March, earne...

Oct 5 , 2019

Institute to Grow Wheat on Lowlands for Experiment

The Ethiopian Institute of Agricultural Research is set to grow two million quintals of wheat in the lowlands in a new agricultural experiment. The wheat, which usually grows only in the highlands...

Oct 5 , 2019

Authority Lifts Ban on Ethiopian Sugar Ads

The Ethiopian Broadcast Authority lifted the advertisement ban it placed on the Ethiopian Sugar Manufacturing Industry S.C. Issued on September 18, 2019, the Authority allowed the company to contin...

Oct 5 , 2019

Office Inaugurates Orphanage Centre

An orphanage centre that was built by the Office of First Lady was inaugurated on October 3, 2019. Built for 12 million Br, the centre was inaugurated with the presence of Zinash Tayachew, spouse o...

Oct 5 , 2019

Avocado Oil Factory Puts Down Roots in Ethiopia

Sunvado Organic Avocado Oil opened a plant in Ethiopia to process premium organic avocado oil. The factory has completed its first test runs and is now ramping up its organic avocado oil production...

Oct 5 , 2019

US Avails Potable Water in Afar

The United States Agency for International Development (USAID), in collaboration with DuPont Water Solutions, built a water well for the community in Serdo, Afar Regional State. The well was inaugu...

Sep 28 , 2019

UNDP Blesses Tourism Sector with $18m Fund

The United Nations Development Programme (UNDP) pledged 18 million dollars in financial support for the tourism sector. Pledged on September 26, 2019, the financing was channeled through the Inclus...

Sep 28 , 2019

Korea Pledges $63m for Bus Transit Corridor

The Export Import Bank of Korea pledged 63 million dollars in loans for the construction of a bus rapid transit (BRT) corridor in the capital city. 11.5Km in length, the corridor runs from Torhailo...

Sep 28 , 2019

Regional Town Gets Solar Farm

Qoftu town in Oromia Regional State has been chosen as the site for a solar energy project that has a capacity of generating 250kW of energy. The project that is worth four million dollars was inau...

Sep 28 , 2019

DHL-Ethiopian Logistics Services Gets New Boss

Berhanu Kassa became the new director general of DHL-Ethiopian Airlines Logistics Services, a joint venture company that was formed by Ethiopian Airlines and DHL Global Forwarding. Berhanu, who was...

Sep 28 , 2019

ODDA Transport Kicks off Operations

ODDA Integrated Transport S.C., the economic wing of the Oromia Regional State, started transport services with 50 cross-country buses. Bought for 400 million Br from Volvo, the 50 buses start serv...

Sep 28 , 2019

NEIGHBOURLY BUSINESS

Ahmed Shide, minister of Finance, and Ethiopia's special envoy Mahmoud Dirir visit the products display at the Ethio-Sudan Business Forum held at the Sheraton Addis Hotel on September 26, 2019. The de...

Sep 28 , 2019

WB Supports Ethiopia's Data System

The World Bank closed a 15-million-dollar, five-year project that aimed at modernising the statistical data recording of the country. Dubbed the Statistics for Results Facilities, the project built...

Sep 28 , 2019

NGOs Join Hands to Assist Universities

United States Agency for International Development (USAID) and Save the Children launched a two-million-dollar project to support higher education institutions in Ethiopia. To be implemented by Save t...


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