Latest Business News

Available, But Non-Drivable
Addis Ababa, Ethiopia – As the Ethiopian economy sprints forwards at a fast rate – with annual growth of 10.5pc over the past decade, according to World Bank records – the demand for...

Ethiopian Airline Boost Nigerian Tourism Sector
ABUJA - The Managing Director, Ethiopian International Services, Esayas Hailu, has in Abuja said that the Ethiopian airlines’ cargo services in Nigeria has been a boost to the Nigerian tourism...

New Housing Scheme for Diaspora and Diplomatic Mission Workers
A draft directive is prepared by the Ministry of Development, Housing and Construction (MUDHC) on housing registration for members of the Ethiopian Diaspora community. This housing scheme is going to...

Ethiopian Received Three Pilot Training Aircrafts
Ethiopian Airlines announced it took delivery of three pilot training aircrafts from Cessna Aircraft Company. The aircrafts are dubbed Cessna 172 Pilot.
According to the Airline’s press release,...

Ethiopia expands Jatropha plantation to produce biodiesel
Ethiopia is expanding Jatropha plantation to produce 500 million litres of biodiesel from the inedible plant, which can yield 600 litres of biodiesel from a single ton of seeds, an Ethiopian official...

Ethiopia expands Jatropha plantation to produce biodiesel
The project is being implemented in collaboration with the Ethiopian and Norwegian governments at a cost of over $2.8 million.
World Bulletin/News Desk
Ethiopia is expanding Jatropha plantation...

Huajian Group to build its own industry zone
The Chinese shoe company, which has already heavily invested in Ethiopia at the Eastern Industrial Zone in Dukem town of the Special Zone of the Oromia Regional State, Huajian Group, is now set to...

Arab League Encouraging Arab Countries to Strengthen Ties With Ethiopia
Ambasssador Saleh Sahabun, Arab League Ambassador to Ethiopia and the African Union, disclosed that the organization is striving to encourage Arab countries to strengthen ties with Ethiopia. As part...

Dr. Tewodros Invites Bill Gates to Invest in Ethiopia
Foreign Affairs Minister Dr. Tewodros Adhanom called on Bill Gates, the richest person in the world, to engage in agriculture and other investment sectors in Ethiopia.
During the talks he held...

U.S. aviation administration did NOT warn or prohibit flights in Ethiopia recently
There has been no recent FAA warning for flights in or out of Ethiopia. The FAA flight prohibition (SFAR 87 of May 162000) pertaining to Northern Ethiopia predates the June 18, 2000 cessation of...

Turning Ethiopia Into China’s China
Ethiopian workers walking through the parking lot of Huajian Shoes’ factory outside Addis Ababa in June chose the wrong day to leave their shirts untucked. The company’s president, just arrived...

The World Bank is wrong on Ethiopia: PM
Ethiopian Prime Minister Hailemariam Desalegn, says the World Bank's negative view of the country's economy is wrong and says local businesses are competitive.
...
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