Nexara

The Ministry of Planning and Development (MoPD) announced that Ethiopia secured Birr 180 billion in revenue and attracted USD 890 million in foreign direct investment (FDI) in the first quarter of the fiscal year. In a presentation on the government’s 100-day reform and economic performance, MoPD State Minister Tirumar Abate emphasized that these gains bring …

Ethiopia Secures Birr 180 Billion in Revenue Read More »

The Cooperative Bank of Oromia has launched over 200 “Smart” branches across various locations. These branches are designed to provide customers with seamless, paperless banking services using tablet technology developed exclusively for this purpose. The new “Smart” branches will enable customers to digitally perform essential banking tasks, including deposits, withdrawals, and money transfers. This digital-first …

Ethiopia: Cooperative Bank of Oromia Launches 200 “Smart” Branches Read More »

Addressing the House of Peoples’ Representatives today, Prime Minister Abiy Ahmed (PhD), stated that the government has begun works to construct Africa’s largest airport, set to handle 100-130 million passengers annually. The new airline will be connected to the existing one though rail transport, the Premier disclosed. The Prime Minister also pointed out that the …

Ethiopia begins construction of Africa’s largest airport, expands fleet with 124 new aircrafts Read More »

 Ethiopian Airlines, the largest African passenger and cargo carrier, announced today that it is set to start cargo services in Ouagadougou, the capital of Burkina Faso. In a short statement published on its social media page, the Airline disclosed that the cargo service to the West African nation’s capital will be effective from November 1st, …

Ethiopian expands cargo network to Ouagadougou Read More »

 Ethiopia and Gambia have agreed to revitalize their existing air transport service cooperation. It is stated that the agreement was signed between the Director General of the Ethiopian Civil Aviation Authority, Getachew Mengiste, and the Gambian counterpart. The agreement enables Ethiopian Airlines to fly to Gambia and from Gambia to other African countries without restrictions …

Ethiopia, Gambia ink a deal to improve the existing air transport service agreement Read More »

Wang Shaodan, Chairman of the China-Africa Development Fund (CADF), outlined the goals behind the fund’s establishment, emphasizing the Chinese government’s commitment to investing 70 billion RMB in Africa over the next three years. He noted plans to double current investments to support sustainable development across the continent. This was revealed during his meeting today with …

Chinese Gov’t Committed to Investing 70 Billion RMB in Africa Over Coming 3 Years Read More »

Ethiopia and Germany have signed a 30-million grant agreement to support significant initiatives including the Fund for Increasing Productivity through Innovation in Agriculture II and the Promotion of Ethiopian Private Sector II (SME Credit Line). The Agreements were signed by State Minister of Finance, Semereta Sewasew; Chief Financial Officer at KfW, Bernd Loewen; and Director …

Ethiopia Signs 30 Million Euros Grant Agreements with Germany Read More »

The China-Africa Development Fund (CADF) desires to partner with the Ethiopian Investment Commission (EIC) to facilitate further investments in Ethiopia. This story was disclosed by EIC after the meeting between Mr. Dagato Kumbe, Deputy Commissioner of the Investment Operations Division at EIC, and Mr. Wang Shaodan, Chairman of the China-Africa Development Fund (CADF), at the …

CADF expresses desire to work closely with EIC in facilitating further investments in Ethiopia Read More »

Mesfin Tasew, the Chief Executive Officer of Ethiopian Airlines, and Mulatu Teshome, the Former President of Ethiopia, joined other dignitaries to inaugurate the Millennium Duty-Free shop at the Skylight Hotel in Addis Ababa. During the ceremony, Tasew emphasized the significance of the new duty-free shop in enhancing customer service for airline travelers. He expressed excitement …

Ethiopian Airlines CEO, Former President attend inauguration of new duty-free shop at Skylight Hotel Read More »

Some 108 foreign and domestic investors have received investment licenses in the first quarter of the current Ethiopian fiscal year, according to Ethiopian Investment Commission (EIC) This was revealed during EIC’s review of its first quarter of 2017 FY work performance report in the presence of top management and its employees this morning. Accordingly, the …

EIC issues 108 new investment licenses to foreign, domestic investors in 3 months Read More »