New Business Ethiopia

Sudan’s Prime Minister, Abdalla Hamdok, and Economic Commission for Africa’s (ECA) Executive Secretary, Vera Songwe, on Friday launched a new publication that proposes actions that need to be put in place to stem Illicit Financial Flows leakages before they leave Africa’s shores.

Ethiopian Cargo & Logistics Services, Africa’s largest network cargo operator and multiaward winner, has been crowned with the ‘Best Cargo Airline – Africa’ Award at the Air Cargo News Awards 2020.

The National Electoral Board of Ethiopia (NEBE) demanded the government to provide additional 1.1 billion Birr (about $30 million) for its preparations of the upcoming general election the country is set to hold within less than a year.

The Raxio Group (“Raxio”), a premier pan-African data center developer and operator, has officially secured land at the ICT Park, in the outskirts of Addis Ababa for the construction of its data center.

A $6.5 million fund set up between the UK and Germany in collaboration with the Government of Ethiopia aims to save thousands of jobs in Ethiopia’s textile and garments industry, while helping to support the country’s economic recovery from COVID-19.

To diversify its existing agribusiness in Ethiopia, an Ethiopian – American company, ETHAMCO LLC, says it is open to venture with interested but reliable local or foreign company.

The interrupted negotiation among Egypt, Sudan and Ethiopia on Ethiopia’s mega hydro dam under construction, resumes today.

Bunna International Bank, one of the 16 private banks in Ethiopia, today awarded customers who received remittance through its formal banking system.