Category: Business
Ethiopia awards a U.S. backed consortium nationwide telecom license
The Ethiopian government awarded Global Partnership for Ethiopia consortium, which is led by Safaricom, a telecommunications license to operate in Ethiopia. Safaricom, which is a…
Ethiopia Pledges to Allow Mobile Money for New Telecom Entrants
(Bloomberg) — Ethiopia has pledged to allow prospective owners of new telecom licenses to offer mobile-banking services at some point after entering the market, according…
Tourism and sporting events to resume in Ethiopia
Addis Globe, September 23, 2020 Ethiopia has lifted restrictions imposed on tourism and sporting events. The House of People’s Representatives (HPR), in its urgent session,…
Demonetization in Ethiopia and its effects
This week Prime Minister Abiy Ahmed’s Government revealed the new currency note. During the announcement of the introduction of the new notes, Prime Minister Abiy…
African e-commerce is getting a boost from DFC
Addis Globe, September 13, 2020 The landscape of trade is constantly evolving. And the way that goods and services cross borders is transforming. Businesses today…
Awash Bank of Ethiopia reported before tax profit of $113.5 million
Awash Bank Share Company of Ethiopia, one of the first private banks in Ethiopia after the current regime came to power in 1991, announced before…
Ethiopia: China construction giant awarded construction work worth of 7 Billion Birr
A Chinese firm has begun the construction of a central square that rests on 179,000Sqm of land located adjacent to the premises of the Ministry…
Ethiopian Ranked Largest Carrier in Africa, 4th Globally
The Africa Logistics ranks Ethiopian Airlines as the largest carrier in Africa in terms of the number of passengers it carries, destinations it serves, fleet…
Ethiopian Airlines Profit Hits Record 6.8 Billion Birr
(ENA) Addis Ababa – August 10/2018 Ethiopian Airlines has hit a record net profit of 6.8 billion birr in the concluded this Ethiopian fiscal year,…
Youth Volunteers expressed readiness to Contribute to Reform
(ENA) – Addis Ababa August 08/2018 Youth volunteers have expressed readiness to contribute their share in the recent reform that has been undertaken in the…
Punitive import tax on cars deprive Ethiopians a driving seat, undeservedly, and hurt the country
Ayele Gelan, (PhD), special to Addis Standard Addis Abeba, August 09/2018 – A provocative question was posed to PM Abiy Ahmed at one of the…
Ethiopian, DHL to invest EUR 10 mln on new JV Company
Ethiopian Airlines Group CEO Tewolde Gebremariam, DHL Global Forwarding CEO Middle East, Africa Amadou Diallo during the signing ceremony By Kaleyesus Bekele Eyes African, Chinese…
Ethiopia’s move to open key economic sectors to spur fast development
By NATION REPORTER More by this Author The move by the Ethiopian government to open key economic sectors, among them Ethiopian Airlines, to foreign investment…
Ethio telecom gets new boss
After serving for the last five years, Andualem Admassie (PhD), CEO of Ethio Telecom, has been replaced by Frehiwot Tamiru, who was a former employee…
HELLO ETHIOPIA! Africa’s dominant mobile money service is in talks to open in Ethiopia
Coming to an Ethiopian town near you. (EPA/Stephen Morrison) WRITTEN BY Abdi Latif Dahir, Quartz Africa, July 18, 2018 It’s a small geographic move across…
