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Ethiopian earns over 122b birr in revenue in concluded fiscal year
Addis Ababa, September 28, 2020 (FBC) –Ethiopian, Africa’s largest airlines, earned 122.14 billion birr in revenue in the concluded Ethiopian fiscal year, which ended July 7.
During an…
Ethiopian to commence cargo service to Mauritius this week
Addis Ababa, September 28, 2020 (FBC) –Ethiopian Airlines (Ethiopian), Africa’s most successful carrier, will start cargo service to Mauritius effective from 2 October.
Ethiopian has a…
World Bank urges Ethiopia to emulate Vietnam’s experience to diversify export, attract FDI
Addis Ababa, September 25, 2020 (FBC) –Minister of Trade and Industry, Melaku Alebel, yesterday held discussion with a delegation from the World Bank.
The discussion mainly focused on…
Ethiopian to resume flight to Victoria Falls
Addis Ababa, September 24, 2020 (FBC) -Ethiopian Airlines Group (Ethiopian) has announced the resumption of its flight services to Victoria Falls, African’s most spectacular natural sites,…
Digitization of labour supply, matching database to be implemented in industrial parks
Addis Ababa, September 22, 2020(FBC)-The Ethiopian Investment Commission and First Consult for BRIDGES Program yesterday signed a partnership agreement to implement the digitization of labor…
Bishoftu Power Distribution Station, a $25M project, ready to go operational
Addis Ababa, September 21, 2020 (FBC) – The Bishoftu Electric Power Distribution Station Project built with an outlay of more than 25 Million USD has become ready to go operational soon.…
Ethiopia-Djibouti Railway’s revenue increases by 51 pct in six months
Addis Ababa, September 21, 2020 (FBC) - The Ethiopia-Djibouti Standard Gauge Railway has recorded an over 51 percent increase in revenue during the first half of 2020 despite the…
Ethiopia collects 42.2B Birr Revenue in two months
Addis Ababa, September 19, 2020 (FBC) – Ministry of Revenue announced that it has collected 42.2 Billion Birr over the last two months.
The Ministry said it has achieved 107 pct of its…
Australian company shows interest to generate 25GW of power in Ethiopia
Addis Ababa, September 18, 2020 (FBC) –Fortescue Metals Group Ltd, an Australian company, has shown its interest in investing in Ethiopia’s power sector.
Representatives of the company on…
Ethiopia begins distribution of new currency notes
Addis Ababa, September 17, 2020 (FBC) -The National Bank of Ethiopia (NBE) has begun distribution of new banknotes.
NBE Governor Dr Yinager Dessie and President of Commercial Bank of…