bussines news

The Mastercard Foundation has announced that it has enabled 1.27 million young people to access employment opportunities in Ethiopia since the launch of the country’s Young Africa Works strategy during the past five years, the foundation disclosed. Speaking at the second Mastercard Foundation’s Young Africa Works in Ethiopia Partners Annual Learning Summit, Country Director Samuel …

Foundation Enables More Than 1.2 Million Ethiopians to Access Employment Read More »

China Machinery Engineering Corporation (CMEC), China’s construction and engineering giant, expressed its keen desire to build a potash fertilizer factory in Ethiopia. The corporation’s desire was disclosed during a candid discussion between Ambassador Extraordinary and Plenipotentiary of Ethiopia to China, Teferra Derbew, and the executives of the corporation today at the Embassy in Beijing. With …

China Machinery Engineering Corporation Keen To Build A Potash Fertilizer Factory In Ethiopia Read More »

Ministry of Finance of Ethiopia (MoF) and Integrated Management Services (IMS) today discussed ways of forging strong partnerships on infrastructure. Ms. Semereta Sewasew, Minister of State for Finance, received John D. Calhoun, Ph.D. Chief Executive Officer of Integrated Management Services (IMS) and his team, at her office. The State Minister briefed the delegates about the …

IMS Pondering Opening Office In Addis Ababa Read More »

Aerospace company Boeing has appointed Henok Teferra Shawl as Managing Director for Boeing Africa to strengthen the company’s operations and relationships across the African continent, Times Aerospace reported. Based in Addis Ababa, Ethiopia, Henok Teferra Shawl reports to Kuljit Ghata-Aura, president of Boeing Middle East, Türkiye, Africa, and Central Asia (METACA), according to the report. …

Boeing Appoints Henok Teferra Shawl Of Ethiopia As Managing Director For Africa Read More »

The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2023, which will then largely stabilize in 2024. IATA’s outlook mentioned that net profitability at the global level is expected to be well below the cost of capital in both years. Very significant regional variations in financial performance remain. Airline industry net …

Airlines Set To Earn 2.7% Net Profit Margin On Record Revenues In 2024: IATA Read More »

There is immense potential for trade and investment in Africa while addressing the challenges and opportunities that lay ahead,  Chairman and CEO of Investment Center of Africa (ICOA) Abdinasir Turkey said. The 2nd Africa Trade and Investment Summit held today in Addis Ababa, aims to showcase success stories and best practices from entrepreneurs and investors …

Africans Urged To Tap Their Immense Trade, and Investment Potential By Addressing Challenges Read More »

The second African Trade and Investment Summit kicked off today in Addis Ababa to showcase success stories and best practices from entrepreneurs and investors who are making a positive impact in the continent. The has brought together more than 300 participants, including government officials, investors, policymakers, entrepreneurs, and diplomatic corps from Africa and around the …

2nd Africa Trade, Investment Summit Underway in Addis Ababa Read More »