Category Archives: Market

Revenues Ministry Collects Over 107 Billion Birr

Addis Ababa  Ministry of Revenues has secured over 107.6 billion Birr income, exceeding its plan for the first four-month of the Ethiopian budget year. Briefing journalists today, Revenues Minister Laqe Ayalew said the performance exceeded the plan by 102 percent

Ethiopia, France Sign 15 Mn Euros Grant Agreement

Addis Ababa  A 15-million-Euros grant agreement aimed to develop “safely managed” sanitation services, improve water supply services in the capital city and 22 secondary cities as well as support the eradication of open-air defecation was signed between the governments of

Ethiopian Takes Delivery of A350-900 New Airbuses

Addis Ababa Ethiopian Airlines has received today two of the 10 new Airbus A350-900 it ordered in 2017, bringing the total number of its Airbus fleet to 16. Chief Operating Officer at Ethiopian, Mesfin Tasew said the airline has been

Some 12 Investors Obtain Licenses To Engage in Mining Development, Exploration

Addis Ababa,  Ministry of Mines and Petroleum disclosed today that it has issued licenses to 12 local and foreign investors in mining sector in Ethiopia during the first quarter of current fiscal year. State Minister, Simegn Wube presented her ministry’s

About 20 Mln Hectares of Land Restored in Africa as Part of Great Green Wall Initiative

Addis Ababa  Close to 20 million hectares of land have been restored as part of Great Green Wall (GGW) Initiative which was established under the leadership of the African Union Commission, according to the implementation report. The implementation report was

NGO, Company Partner to Promote Financial Inclusion, Create Jobs

Addis Ababa  STEMpower and Visa have established partnership to drive financial inclusion and job creation in Ethiopia for innovators and aspiring entrepreneurs. The collaboration leveraging STEMpower existing capabilities within the country to educate innovators and aspiring entrepreneurs by equipping them

Afro-American Artist Perr Donates Close to 2 Million Birr Worth Materials to Charity

Addis Ababa,  About 2 million Birr worth clothes and materials donated by Tylor Perr, the Afro-American actor, writer, producer and director, were handed over today to Mary Joy Development Association, an Ethiopian resident charity organization. The Ethiopian Diaspora Yonas G.

PM Abiy Inaugurates Dire Dawa Industrial Park

Addis Ababa  Prime Minister Abiy Ahmed on Sunday inaugurated the Dire Dawa Industrial Park built with a total outlay of 150 USD. The Dire Dawa Industrial Park is expected to facilitate 20,000 additional jobs for citizens when it goes fully