Saudi Arabia – New Business Ethiopia

Eritrean President meets Saudi King

February 17, 2020February 20, 2020 NBE

President Isaias Afwerki of Eritrea, who arrived Riyadh, Saudi Arabia, today met with Majesty King Salman bin Abdulaziz Al Saud.

Saudi provides $140 million loan to Ethiopia

December 19, 2019December 19, 2019 newbusinessethiopianews

The Government of Saudi Arabia has provided $140 million soft loan to the Government of Ethiopia supporting health and road construction projects.

IMF to provide seven-fold finance to Ethiopia

December 11, 2019December 14, 2019 newbusinessethiopianews

Supporting Ethiopia’s home–grown economic reform, the International Monetary Fund (IMF) has agreed with Ethiopian government at technical level to provide the latter 700% more than its quota.

Ethiopia and the Arab overture – conclusion

August 21, 2019 newbusinessethiopia

By Tesfu Telahoun Abebe – I would like to start off the third and final installment of ‘Ethiopia and the Arab Overture’ by momentarily digressing to momentous events occurring across our western borders. I applaud and salute the great people of Sudan on finally achieving a golden opportunity to reverse the ravages of over three […]

“Just do it … go and eat me, no excuses”

June 17, 2019June 18, 2019 newbusinessethiopia

Melakou Tegegn, Kampala- Uganda– As a famous Amharic saying has it, “Aya jibo satamehagn bilagn”; ostensibly the lamb said to this to the hyena who was saying all and sundry but dying to eat the lamb. In 1964, the Johnson administration in the US fabricated a story that goes in the history of falsified incidents […]

Will Ethiopia’s PM Abiy tame the Janjaweed?

June 8, 2019June 9, 2019 newbusinessethiopia

Melakou Tegegn, Kampala– The Janjaweed is a militia force set up by Bashir in the late 1990s to terrorize the population of Southern Sudan from supporting the SPLA. They committed untold crimes against the civilian population ostensibly for harbouring the forces of SPLA, a liberation movement at the time.

Saudi releases 1,400 Ethiopians from prison

May 8, 2019May 11, 2019 newbusinessethiopia

The Government of Saudi Arabia today released 1,400 Ethiopians who were serving prison sentences, said, the Ministry of Foreign Affairs of Ethiopia.

Ethiopia reacts to European ‘weak antimoney laundering regime’ list

March 13, 2019March 13, 2019 newbusinessethiopia

The government of Ethiopia reacted today to the European Commission list of third countries with weak antimoney laundering and terrorist financing regimes, which includes Ethiopia.

OIL & GAS

Ethiopia reveals more info on petroleum test production

by NBE February 11, 2020February 12, 2020Comments Off

The Government of Ethiopia reveals additional information on the recent petroleum test production in the eastern part of the country, near Hilala gas discovery site in Somali Region Ogaden area.

Ethiopia begins selling its gas produce in local market

by NBE February 4, 2020February 6, 2020Comments Off

The Government of Ethiopia has began selling its gas produce in the local market. During the first six months of Ethiopia’s current fiscal calendar which started July 8, 2019, the country has used about 1,650 barrels of crude oil produced locally.

South Sudan invites international companies for oil field audit

January 10, 2020January 10, 2020Comments Off

British company finds gas reserve in Ethiopia

May 6, 2019May 6, 2019Comments Off

Ethiopia drafts petroleum policy

April 20, 2019April 20, 2019Comments Off

Ethiopia to sell Calub gas via Djibouti pipeline

February 17, 2019February 17, 2019Comments Off

TRAVEL

Ethiopian mobile App hits 1 million downloads

by NBE February 21, 2020February 21, 2020Comments Off

The number of Ethiopian Airlines mobile App users has reached one million. With a robust and integrated digital strategy, Ethiopian has set an innovative approach to simplicity and seamless end-to-end customer experience with its user-friendly mobile App.