News

 Ethiopian Airlines, in celebration of its 78 years of success, is preparing to fly to Cairo where it made its first flight. Ethiopian started its operation with five C-47 aircraft operating its debut flight to Cairo via Asmara on April 8, 1946. Ever since it has been growing in leaps and bounds and continues to …

Ethiopian To Make Special Flight To Cairo In Celebration Of 78 Years Of Success Read More »

Ethiopian Airlines today confirmed that it will increase its weekly flights to and fro Zambia to 18. The airline celebrated its 25th anniversary of services to Zambia. In his remarks at the event, Mr. Lemma Yadecha, Ethiopian Airlines Group Chief Commercial Officer, underscored that Ethiopian flag carrier’s services to/from the Republic of Zambia are playing …

Ethiopian Airlines To Increase Weekly Flights To/From Zambia To 18 Read More »

The Ethio Engineering Group (EEG) and the New Holland signed an agreement today for the supply of semi-finished parts to assemble 500 tractors and 50 combine harvesters. Ethio Engineering Group CEO Suleiman Dedefo and New Holland Middle East and Africa Business Director Ozkan Eren signed the agreement, according to ENA. During the signing event, Suleiman …

EEG Signs Agreement With New Holland For Tractor Parts Assembly Read More »

The Ethiopian Securities Exchange (ESX) today confirmed that it has concluded its share offering upon amassing 1.5 billion birr in subscribed capital from numerous investors, encompassing three foreign entities. The Trade and Development Bank Group (TDB), the financial subsidiary of the 21-member Common Market for Eastern and Southern Africa (COMESA), has reportedly procured an undisclosed …

ESX Concludes Share Offering With 1.5bn Birr From Investors Read More »

Jemal Beker Abdula, Ambassador of Ethiopia to Pakistan, on Thursday, announced the mobilize another trade delegation of Pakistani businessmen to Ethiopia next month for further strengthening business, trade, and commercial connections between the two countries. Addressing the business community at the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), the ambassador recalled the experiences …

Pakistani Business Delegation Set For Visit To Ethiopia Next Month Read More »

The Nigerian Exchange Group (NGX) has acquired a stake in Ethiopia’s first-ever securities exchange for an undisclosed amount in a fundraising that has seen the Horn of Africa nation raise $26.6 million, surpassing the target it touted to investors in 2023. The Ethiopian Securities Exchange (ESX) last year set to raise $11.07 million to start operations as …

Nigeria’s stock exchange buys stake in Ethiopia’s first-ever bourse Read More »

Ethiopian Airlines, dubbed as the new spirit of Africa, confirmed that it has officially commenced daily flights to Luanda, Angola, from its hub Addis Ababa. Ethiopian, the continent’s largest carrier and one of the world’s fastest-growing airlines, has been serving Angola for the past four decades having operated its maiden flight in June 1986. The …

Ethiopian Airlines Officially Commences Daily Flights To Luanda Read More »

The Industrial Parks Development Corporation (IPDC) indicated that the China Energy Engineering Corporation (CEEC) has expressed a keen interest in undertaking the construction of new industrial parks and pursuing various investment opportunities in Ethiopia. IPDC’s Chief Executive Officer, Aklilu Tadesse, convened a meeting today with a delegation from CEEC, led by the corporation’s General Manager, …

Energy China Keen To Engage In Construction Of New Industrial Parks – GM Read More »

Ethiopian Airlines is taking off for a major expansion, adding new routes in Africa and Europe alongside increased flight frequencies. The airline’s CEO recently announced plans to boost its domestic and international reach. More planes are on the horizon too, with Ethiopian Airlines acquiring additional Boeing aircraft to complement existing Airbus orders. The focus on …

Ethiopian Airlines Announces Expansion Plans and New Routes Read More »

Petroleum and Energy Authority announced a major shift in fuel trading, opening it up to all banks in the country. This move comes in response to customer and bank complaints regarding limited payment options. Previously, fuel purchases were only facilitated through the Commercial Bank of Ethiopia, Oromia Cooperative Bank, and Tele Birr. The new system …

Ethiopian Fuel Trading Expands to All Banks Read More »