Category Archives: Market

Ethio Telecom Secures over 47 Billion Birr in Budget Year

Addis Ababa: Ethio telecom disclosed that it has secured 47.7 billion Birr revenue during the just-ended budget year. Briefing journalists today, Ethio telecom Chief Executive Officer Frehiwot Tamru said the company has achieved over105 percent of its target in 2019/2020

AU, China Sign MoU on Project of Africa CDC Headquarters Building

Addis Ababa, The African Union (AU) and the People’s Republic of China have signed a memorandum of understanding (MoU) on the Project of the Africa Center for Disease Control and Prevention (Africa CDC) Headquarters Building (Phase I). AU’s Commissioner for

Nation Earns 72 Mn USD from Meat, Dairy Despite Huge Hurdles

Addis Ababa  Despite the huge hurdles the Ethiopian meat and dairy Industry has been facing, it has reportedly earned 72 million USD from export of meat and dairy products during the just ended budget year. Ethiopian Meat and Dairy Industry

BK Business Group Purchases 5 Million Birr GERD Bond

Adiss Ababa  BK Business Group owner and CEO Belayneh Kinde has purchased 5 million Birr bond to finance the Grand Ethiopian Renaissance Dam (GERD). The business owner handed over the bond to the Office of National Council for the Coordination

Nile Insurance Company Purchases 12 Mln Birr Bond to Finance Construction of GERD

Addis Abeba  Nile Insurance S.C has purchased today additional bonds worth 12 million Birr to help finance the construction of the Grand Ethiopian Renaissance Dam (GERD). The Chief Executive Officer of the Company, Yared Molla said on the occasion that

More than 3.5 Billion Tree Seedlings Planted through Green Legacy Campaign

Addis Ababa,  Over 3.5 billion tree seedlings have so far been planted under this year’s Green Legacy campaign, according to Press Secretariat of the Office of the Prime Minister. This was disclosed at a campaign where media leaders and professionals

Ethiopia, UK Sign two Grant Agreements Amounting 105 Mln Pound

Addis Ababa,  Ethiopia and the United Kingdom have signed today two grant agreements amounting to 105 Million Pound sterling (approximately 4.71 Billion ETB). According to the first grant agreement, the UK government will finance 60 million pound for the implementation

Commission Supporting over 7,000 Displaced People after Recent Unrest

Addis Ababa The National Disaster Risk Management Commission (NDRMC) is supporting 7,800 people displaced following the assassination of the popular singer Hacaaluu Hundeesaa. The allegedly orchestrated unrest has resulted in loss of lives, huge property damage and internal displacement in