Ethiopian banks’ revenue grew to 24 percent
The total profit of commercial banks in Ethiopia, grew by 24 percent this year as compared to the…
June 2010
UN Economic Commission for Africa commences building construction in Addis Ababa
The United Nations Economic Commission for Africa (UNECA) officially launches this morning, June 21, 2010, the construction of…
Ethiopia fails to meet reserve fuel target
The Ethiopian Ministry of Mines and Energy (EMoME) failed to meet national target of increasing reserve oil of…
Nyota Minerals buys 80 percent share in Ethiopia
Following approval received at shareholder meeting last week, Nyota Minerals Ltd. (NYO.AU) announced yesterday, June 14, 2010 that…
Ethiopia to boost budget 20 percent
Ethiopian Minister of Finance and Economic Development (MoFED) presented to the Parliament a 20 percent national budget increment…
Italian company to introduce ‘Made as in Italy’ products in Ethiopia
Proras, Italian Engineering and Contracting company, which has been working in Ethiopia for the past nine years, invited…
Ethiopia lengthening fiber-optic line to 10,000 kms
With the aim of expanding telephone and internet services, Ethiopian government is working to extend the current 7,000…
Ethiopia GDP per capita hikes to 217 USD, says government
Ethiopian government says country’s GDP per capita has now reached 217 USD from 164 USD five years ago.