bussines news

Nekemte Gudina Tumsa Airport has begun flight services. High-level government officials including the Transport and Logistics Minister, Alemu Sime (PhD), and CEO of the Ethiopian Airlines Mesfin Tassew have attended the inaugural ceremony. Deputy Chief Administrator of the Oromia Regional State, Awolu Abdi in tandem with other federal and regional officials was also in attendance …

Nekemte Airport Begins Flight Service In Attendance Of High Officials Read More »

Ethiopian Airlines announced on Friday that it has forged a strategic partnership with the Pan African Postal Union (PAPU) to elevate airmail transportation across the African continent. The partnership aims to give the best connection, facilitate transportation to all member countries, foster knowledge, and identify the best practices. It also ultimately seeks to contribute to …

Ethiopian, PAPU Join Forces To Elevate Airmail Transportation Across Africa Read More »

A survey involving the drilling of 19 wells in the Ogaden region confirmed the presence of 21.336 billion cubic meters of natural gas. This latest discovery adds to Ethiopia’s existing oil and natural gas deposits found in six locations across the country. Expressing confidence in a swift development process, State Minister of Mines Million Mathewos …

Ethiopia Announces Discovery of Natural Gas Reserves in Ogaden Region Read More »

The Council of Ministers has proposed a draft amendment to the National Bank of Ethiopia (NBE) to address limitations in the current legislation. The amendment aims to support development initiatives, promote national prosperity, and align with evolving international financial practices. The Council also reviewed a draft bill concerning the operation of banks. In light of …

Council of Ministers Refers National Bank Amendment and Bank Operation Proclamations to Parliament Read More »

The International Civil Aviation Organization (ICAO) confirms that Ethiopia’s airports are free from security threats. This announcement follows a rigorous security audit conducted by ICAO. During a press conference, Asrat Kejela, Director of the Civil Aviation Security Main Department, revealed audit details. ICAO experts assessed eight key elements and nine specific areas of aviation security, …

Ethiopia’s Airports Receive Security Clearance from ICAO Read More »

A new digital vehicle fleet management system for trucks was inaugurated today on the Addis Ababa-Djibouti corridor, marking a major advancement in trade between Ethiopia and Djibouti. This initiative is a collaborative effort involving the Djiboutian government, the European Union, and regional organizations. It represents the first project under a €32 million European Union-funded program …

Digital Fleet Management System Launched to Boost Trade on Addis Ababa-Djibouti Corridor Read More »

A digital vehicle fleet management system for trucks on the Addis Ababa Djibouti corridor has been launched today which would be crucial to transform the movement of goods between Djibouti and Ethiopia. The government of Djibouti, through the Ministry of Infrastructure and Equipment, the Djibouti Ports Corridor Road (DPCR), and the Delegation of the European …

Digital Fleet Management System for Trucks on Addis Ababa-Djibouti Corridor Launched Read More »

Safari experiences are key to attracting tourists as tourism is one of the priority sectors identified through Ethiopia’s Homegrown Economic Reform program, according to the Office of the Prime Minister (PMO). As tourism is one of the priority sectors identified through Ethiopia’s homegrown economic reform program, enhancing facilities, services, and experiences is a key area …

Safari Experiences Become Paramount in Ethiopia’s Tourism Sector to Attracting Visitors, Says PMO Read More »

Ethiopian Investment Commission (EIC) and Gada Special Economic Zone have signed today a Memorandum of Understanding (MoU) to facilitate a formal commencement of the project. Gada Special Economic Zone (SEZ) construction was inaugurated early last month in the presence of Prime Minister Abiy Ahmed. Designated as a multi-purpose special economic zone, it is expected to …

Investment Commission Signs MoU with Gada Special Economic Zone Read More »

A foundation stone was laid for the establishment of a food processing and manufacturing company at the Bole Lemi Industrial Park, marking an investment of over 1.2 billion birr. The ceremony was attended by Mr. Kamil Ibrahim, Deputy CEO of the Industrial Parks Development Corporation of Ethiopia (IPDC), Mr. Alemayhu Seifu, Deputy Head of Corporate …

Bole Lemi IP To Host A 1.2B Birr Teff-Based Snack Manufacturing Plant Read More »