Ethiopia secures $56 million from contraband trade
The Customs Commission of Ethiopia has confiscated worth 1.6 billion-birr ($56.3 million) items from contraband traders during the fiscal year ended July 7, 2019.
Ethiopia, Djibouti secure finance for joint road project
The government of Ethiopia and the African Development Bank Group on Monday have ink a $98 million grant agreement from the African Development Fund (ADF). The funding aims to help finance phase…
Al Hilal begins assembling gold detector devices in Ethiopia
A company named, Al Hilal Gold Mining, is set to inaugurate Ethiopia’s first modern gold detector device assembly in the capital Addis Ababa.
Ethiopia imports 135, 457 vehicles in a year
The total number of vehicles Ethiopia has imported and registered last year (the fiscal year ended July 7, 2019) has surpassed the amount the country imported the previous year by 30,834 vehicles.
Ethiopia opens banking business for foreigners with Ethiopian descent
The House of Peoples’ Representatives (Ethiopian Parliament), in its second urgent session today, has approved draft proclamations of banking.
Ethiopian Airlines set to fly to Bengaluru, India
Ethiopian Airlines announces its plan to start passenger flights to Bengaluru, India as of 27th October 2019.
Ethiopia and the Arab overture
By Tesfu Telahoun Abebe – Relations between Ethiopia and the Arabian Peninsula have blossomed ever since the political changes in Ethiopia which thrust the charismatic yet embattled Abiy Ahmed into power.
Ethiopia plants over 353 million trees in one day
ANDUALEM SISAY GESSESSE – With the aim of combating deforestation and boosting forest coverage, today Ethiopians and the expats community planted over 353 million trees in one day.
Commercial Bank of Ethiopia becomes top tax payer
The Commercial Bank of Ethiopia (CBE), the state financial institution, has become the top tax payer in Ethiopia paying 3.51 billion birr (about $121 million) during budget year of the country concluded…
Ethiopia takes tight measures to prevent Ebola virus
Ethiopia, whose national airlines has daily flight to the Democratic Republic of Congo (DRC) where Ebola outbreak has killed many people, says it is taking preventive measures to avoid the spread of…
Ethio Telcom makes $830 million profit
The only telecommunications service provider in Ethiopia, Ethio Telecom says it has made a total profit of over 24 billion birr (around $830 million) before tax during Ethiopian fiscal year concluded July…
Amhara region of Ethiopia appoints new president
The Amhara region of Ethiopia, which has recently lost its president and other senior officials in relation to coup attempt, has today appointed Temesgen Tiruneh to serve as president of the region.
Over 300,000 people in Ethiopia at risk of displacement
Heavy rainfalls in Ethiopia are likely to cause flash and/or river floods in low laying areas, leading to displacement of 331,000 people.
EU to help Ethiopia create 400,000 new jobs
The European Union (EU) is set to provide 1.5 billion birr (45 million euros) finance to Ethiopia assisting the east African country create 400,000 new jobs.