bussines news

Ethiopia secured over USD 196 million from the export of 42,322 tons of coffee in just one month, setting a new record for foreign currency earnings, according to the Ethiopian Coffee and Tea Authority. The Director General of the Authority, Adugna Debela (PhD), confirmed that the latest export figures marked the highest monthly revenue from …

Ethiopia Achieves Record Coffee Export Revenue Read More »

Ethiopian Airlines receives the Star Wide Awards (SWA) 2024 in the ‘Efficient Service Provider Government Organization Sector of the Year’ through public voting, in recognition of its outstanding performance and commitment. The award certifies that Ethiopians have demonstrated exceptional skill and dedication. During the award ceremony, Group CEO Mr. Mesfin Tasew expressed, ‘This award not …

Ethiopian Airlines receives the Star Wide Awards 2024 Read More »

Ethio Engineering Group today revealed that the Bishoftu Automotive Manufacturing Industry is set to enter the market with its N7 Pickup model. The Group noted that this development marks a significant milestone for the Bishoftu Automotive Manufacturing Industry, as it prepares to introduce its latest product to consumers. According to sources within the Ethio Engineering …

Bishoftu Automotive Manufacturing Industry’s N7 pickup model set to debut in the market Read More »

Chief Executive Officer of Ethio Djibouti Standard Gauge Railway Share Company, Takele Uma, met with Yonis Ali Guedi, Minister of Energy and Natural Resources of Djibouti. Takele expressed gratitude to Yonis Ali for his efforts and leadership in connecting the Ethiopia-Djibouti railway to strategic ports thereby transforming regional trade. “This boosts our two countries economic …

Integration of Ethiopia-Djibouti Railway with strategic ports promoting regional trade: CEO Read More »

The governments of Ethiopia and Kenya have reaffirmed their commitment to the strategic utilization of Lamu Port as well as the advancement of joint initiatives in technology and green energy. The two countries, which had called for deeper economic ties and increased investment between them during Ethiopia’s New Year 2017 celebrations on Saturday in Nairobi, …

Ethiopia and Kenya reaffirm commitment to strategic use of Lamu Port Read More »

Chinese Professor Wang Xingping underscored that the Ethio-China investment and development cooperation has been elevating the bilateral relationship between the two countries to new heights. The professor elaborated that the partnership between the two countries, dating back to the early 1970s, has remained steadfast through various governmental changes. According to the professor, the foundation for …

Ethiopia-China Investment, dev’t cooperation elevating to new heights  Read More »

Ethio Engineering Group (EEG) revealed that it had turned a profit after overcoming bankruptcy – which was prevalent over the past two years. The company celebrated this achievement by inaugurating its newly renovated main office building over the weekend. At the event, EEG CEO Ambassador Suleiman Dedefo emphasized the group’s renewed commitment to its mission …

Ethiopia: Ethio Engineering Group Celebrates Profit Overcoming Bankruptcy Read More »

Yagout Pay Financial Technology S.C. in partnership with EthSwitch S.C. unveiled a fully automated digital payment service today. Khalid Mohammed, Founder and CEO of Yagout Pay Fintech, in a press conference held today, stated that the technology is seamlessly integrated with EthSwitch so that customers can make payments with Payment cards issued by all banks …

Yagout Pay Financial Technology unveils digital payment system integrated with EthSwitch Read More »

Ethiopian Airlines has announced that it has signed a Memorandum of Understanding with AvDyne Aero Services, LLC. This strategic partnership solidified through this MoU, signifies Ethiopia Airlines’ mutual commitment to excellence in aviation, the Airline stated this morning. “Together, we aim to enhance the scope of aviation training and maintenance services, paving the way for …

Ethiopian Airlines inks MoU with AvDyne AeroServices LLC Read More »

The Ethio-Djibouti Railway Company has officially launched its new cargo container transport service. The company’s Chief Executive Officer, Takele Uma, and Djibouti Customs Director Guled Ahmed Youssef inaugurated the service yesterday. The new system can transport large quantities of goods such as wheat, edible oil, and fertilizer using trailers. The containers, designed to be mounted …

Ethiopia: Ethio-Djibouti Railway Launches New Cargo Container Service to Transport Wheat and Fertilizers Read More »