Tag: Business

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Ethiopia Grounds 20 Aircraft For Violating Its Airspace

The Ethiopian authorities have grounded 20 aircraft, described as "tourist planes", for violating the country's airspace on Tuesday, the Ethiopian Civil Aviation Authority (ECAA) says.

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Enat Bank Made 79 Million Birr

Enat Bank S.C., one of the private banks in Ethiopia, made a net profit of 79 million Birr in the past fiscal year. The performance

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Oromia Insurance’s Profit Declined

Oromia Insurance Company S.C., one of the private insurance firms in Ethiopia, bagged a net profit of 33.4 million Birr. However, the performance shows a

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Ethiopian Native Yacob Astatke Named Recipient of the 2016 GEDC Airbus Diversity Award

Airbus Group and the Global Engineering Deans Council (GEDC), have named Dr. Yacob Astatke, from Morgan State University in the USA, as the recipient of

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15 Sino Truck Cars bought for the Construction of Condos Missing

Over 15 Sino Trucks, Chinese made heavy vehicles are reported missing. The vehicles were bought for the government sponsored condominium apartments. All the 15 vehicles were

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Ethiopia Achieves Improvement In Quality Of Construction

Ethiopia has witnessed improvements in the quality of construction of housing and other construction projects, says Housing and Infrastructural Development State Minister Getachew Hailemariam. He said

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CBE Bagged 4 Billion Birr in 3 Months

Commercial Bank of Ethiopia (CBE) bagged a net profit of 4 billion Birr in the first quarter of the current fiscal year with total earning

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Sugar Corporation Changed Plans of Construction

Ethiopia’s Sugar Corporation disclosed it has canceled the construction of 2 sugar factories out of the intended 10. The projects that will be affected by

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Turkish Investors Creating 10,000 Jobs in Ethiopia

Ethiopia’s ambassador to Turkey has told Anadolu Agency how Turkish investors have created more than 10,000 jobs, with companies up and running in the east

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Ethiopia wants stronger ties with Trinidad and Tobago

ETHIOPIA’S newly accredited non-resident ambassador to Trinidad and Tobago Dewano Kedir wants stronger relationships between the Horn of Africa and this country in terms of

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Morocco and Ethiopia sign Large Fertiliser Plant Deal

Morocco’s Office Cherifien des Phosphates (OCP), the world’s largest phosphate exporter, signed a deal with Ethiopia on Saturday to build a $3.7 billion plant to

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Ethiopian Airlines increases Flight Frequency to Cape Town

Ethiopian Airlines will increase its flight frequency to Cape Town from eight to ten times weekly starting 1 December 2016. // Chief Commercial Officer (CCO)

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