bussines news

In a move to boost the operational capabilities of Ethiopia’s Dire Dawa Free Trade Zone, a formal cooperation agreement has been signed with Azerbaijan’s Alat Free Trade Zone. The deal was reached during a recent visit by a high-level delegation of Ethiopian government officials to the Alat Free Economic Zone in Azerbaijan. This collaboration marks …

Ethiopia and Azerbaijan Forge Partnership to Strengthen Free Trade Zones Read More »

Ethiopian Airlines has been honored by the African Civil Aviation Commission (AFCAC), the African Union’s specialized agency for civil aviation, for its exemplary leadership, unwavering commitment, and significant contributions to African aviation. The airline received recognition as the Airline with the most intra-Africa Routes during the triennium 2022–2024 at the 35th AFCAC Ordinary Plenary Session …

Ethiopian Airlines honored by AFCAC for exemplary leadership Read More »

The Dire Dawa Free Trade Zone of Ethiopia has officially entered into a cooperation agreement with Azerbaijan’s Alat Free Trade Zone. This collaboration was established during a recent visit by a delegation of senior Ethiopian government officials to the Alat Free Economic Zone in Azerbaijan. The delegation’s objective was to enhance the operational capabilities of …

Ethiopia and Azerbaijan free trade zones forge cooperation agreement Read More »

Asian Infrastructure Investment Bank (AIIB) President Jin Liqun and his delegation engaged in a fruitful discussion today with Ethiopian Airlines Group CEO Mesfin Tasew and the airline’s executive management. The president and his delegation have also visited Ethiopian Airlines’ state-of-the-art facilities, showcasing the airline’s commitment to innovation and excellence in aviation. The fruitful discussions and …

AIIB President Holds Fruitful Discussions with Ethiopian Airlines CEO Read More »

Ethiopian Airlines has resumed passenger flights to Monrovia, Liberia, starting this morning today. The flights to Monrovia were disrupted by the COVID-19 pandemic, it was learnt. The inaugural flight ceremony was graced by Liberia’s Transport Minister Sirleaf Tyler, Liberian Ambassador to Ethiopia Louise Sharene, Ethiopian Airlines Group CEO Mesfin Tassew, and other invited guests. The …

Ethiopian Airlines Resumes Passenger Flights to Monrovia Read More »

Ethiopia’s Ministry of Finance, the French Development Agency (AFD), and Expertise France have signed an economic cooperation agreement aimed at expanding and strengthening their partnership. The agreement focuses on mobilizing highly qualified expertise and supporting public policies in sectors such as economic development, climate action, health, and human development. The agreement was signed by Semereta …

Ethiopia Signs Partnership Agreement with French Dev’t Agency & Expertise France Read More »

The United Nations Economic Commission for Africa (ECA) and the African Union Development Agency—New Partnership for Africa’s Development (AUDA-NEPAD) have signed a Memorandum of Understanding (MoU) to facilitate joint cooperation and collaboration in African development. UNECA Executive Secretary, Claver Gatete and AUDA-NEPAD Chief Executive Officer Nardos Bekele-Thomas signed the MOU in Addis Ababa. According to …

ECA, NEPAD Sign MoU to Promote Africa’s Development Read More »

The Addis Ababa Investment Commission (AAIC) announced that 612 investors registered a combined capital of Birr 2.93 billion in the first quarter of the fiscal year, reflecting a 13% growth compared to the same period last year. AAIC’s Director of Communication, Mrs. Meseret Woldemariam, highlighted the strong performance, noting that the majority of the newly …

Ethiopia: Addis Ababa Attracts Over Birr 2.93 Billion in New Investments Read More »

The Ministry of Water and Energy (MoWE) has announced that the country’s energy generation capacity has exceeded 6,000MW. Ethiopia’s renewable energy strategy extends beyond generation to include infrastructure development. The country has built over 20,000 kilometers of transmission lines and expanded distribution networks to more than 150,000 kilometers, enhancing energy accessibility and connecting more communities …

Ethiopia’s Energy Capacity Surpasses 6,000MW Read More »

Kurmuk Gold Mine PLC has announced its gold mining plant will begin commissioning by the end of 2025, with full-scale commercial production starting in 2026. The project in Benishangul-Gumuz State is Ethiopia’s largest mining initiative and a key player in the region’s mining industry. The company’s General Manager Brox Worku confirmed that construction was progressing …

Ethiopia: Kurmuk Gold Mine to Begin Gold Production by 2026 Read More »