bussines news

Ethiopian Airlines, Africa’s largest carrier, today announced a landmark USD 450 million loan agreement that will finance five new Boeing aircraft: three Boeing 737-8 and two Boeing 777F (Cargo). The loan, according to the Airline’s official press release, will be secured against the value of the five planes and has been arranged exclusively by Citi’s …

Ethiopian Airlines, Citi Sign A $450mln Loan Agreement For 5 New Aircraft Read More »

State Minister of Foreign Affairs of Ethiopia, Ambassador Mesganu Arga, welcomed a delegation led by the Ethio-China Friendship and Cooperation Committee members, today in his office. In the course of their discussion, Ambassador Mesganu appreciated the long-standing relations between Ethiopia and China, which is reflected in their recent decision to scale up the relationship from …

Ethiopia Aims To Increase Exports To China Read More »

The Ethio-Russia partnership in manufacturing is a beacon of collaborative success, Minister of Industry, Melaku Alebel said. Russian business delegation led by Russia’s Head of Federal Agency on Mineral Resources, Eugeny Petrov is here in Ethiopia to explore investment opportunities. The delegation held a bilateral meeting with Minister of Industry, Melaku Alebel today. During the …

Ethio-Russian Manufacturing Partnership Beacon Of Success: Minister Of Industry Read More »

Finance Minister Ahmed Shide convened a ministerial meeting of the Horn of Africa Initiative (HOAI) in Brussels and met EU officials on the sidelines. Minister of Finance of Ethiopia and current Chairperson of the Horn of Africa Initiative (HOAI) co-chaired the 19th Ministerial Meeting of HOAI along with the European Commission, Vice-President Margaritis Schinas from …

Minister of Finance Convenes Ministerial Meeting of Horn of Africa Initiative in Brussels Read More »

AvtoVAZ, the state-owned Russian automaker, and Ethiopia Engineering Group, an Ethiopian public enterprise, have signed a letter of intent to manufacture lada cars in Ethiopia. CEO of Ethio Engineering, Ambassador Suleman Dedefo, and Sales and Marketing Vice President of AvtoVAZ, ILYA SAVINOV have signed the letter of intent representing their companies. During the signing ceremony, …

Russia’s AvtoVAZ, Ethio Engineering Group Sign Agreement To Manufacture Lada Cars In Ethiopia Read More »

 Ethio Telecom today launched new value-adding services to its customers today that allow them to make phone calls with super audio and video quality. The unveiled services are “VoLTE Service”, “Rich Communication Service”, “Multimedia Messaging Service” and “Voice Mail Service”. “VoLTE service” is said to enable customers to make phone calls with superior audio and …

Ethio Telecom Rolls Out Cutting-Edge Products, Services Read More »

 The Commercial Bank of Ethiopia (CBE) has received recognition and certification from SISA, an international organization working on cyber security, for meeting the requirements of the Payment Card Industry Data Security Standard (PCI DSS). It is noted that the bank has been able to be recognized for meeting basic cyber security requirements such as using …

CBE Payment Card Service Receives Security Certification Read More »

The Ministry of Finance of Ethiopia today held a Global Investor Call to update its bondholders on the latest macroeconomic developments in the country, the status of its engagement with development partners, and Ethiopia’s strategy towards external creditors on debt treatment, the Ministry of Finance disclosed. State Minister Eyob Tekalign led a one-hour session with …

Ethiopia Holds Global Investor Call, Reiterates Intention To Treat All External Creditors Equitably Read More »