bussines news

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 »

Ethiopian Airlines, Africa’s largest airline, has unveiled plans to enhance its service between Addis Ababa and New York. The airline will increase its flight schedule from four times weekly to daily service effective December 1, 2024. This move will provide passengers with more convenient travel options, offering nonstop flights from Addis Ababa to New York …

Ethiopian Airlines Expands New York Service with Daily Flights from Addis Ababa Read More »

Ethiopian Wins “Best Sustainable Airline of 2024-Business Class Category” Award On a colorful event held at the Sheraton Kampala Hotel, Ethiopian emerged as the winner among four nominees, recognized for its remarkable contribution to Uganda’s vibrant tourism industry. A proud moment for African aviation and sustainable travel, the Airlines said in a statement. Ethiopian Airlines …

Ethiopian Wins “Best Sustainable Airline of 2024-Business Class Category” Award Read More »