Ethiopia works to obtain foreign investment Addis Ababa seeks to open up state-dominated economy as it tries to recover economic momentum Ethiopia has more than 40 state-owned enterprises, including Africa’s largest carrier Ethiopian Airlines © [Read More]
Ethiopia’s Abiy tells banking sector to get ready for foreign competitors ADDIS ABABA, Feb 22 (Reuters) – Ethiopia plans to open up its banking industry to foreign competition as soon as parliament passes policies permitting [Read More]
Ethiopia’s inflation inches down to 34.5% in January ADDIS ABABA, Feb 8 (Reuters) – Ethiopia’s year-on-year inflation (ETCPIY=ECI) edged down to 34.5% in January from 35.1% in the previous month, the statistics office said on Tuesday. Inflation [Read More]
Ethiopian Airlines employees are fleeing the country by hiding in the planes they work on By Gianluca Mezzofiore and Katie Polglase, CNN (CNN) Yohannes and Gebremeskel knew it would be freezing cold inside the bulk cargo area [Read More]
Ethiopia’s chaotic situation: 5 people died in a car accident that occurred in Ataye town of North Shewa Zone. Minibus driving 22 people crashed into an Izuzu car and 5 people died and others [Read More]
Hope for peace as economic prospects in Ethiopia fade Prime Minister Abiy Ahmed has raised hopes for a peace agreement between the government and restive Tigray region, as the conflict guts one of Africa’s most [Read More]
Central Bank Lifts Transfer Restrictions The National Bank of Ethiopia (NBE) has removed the limits on bank transfers. Regulators restricted in January 2021, limiting account-to-account transfers to only five a week. The following month, they [Read More]
Ethiopian Airlines to resume using Boeing 737 MAX planes in Feb ADDIS ABABA, Dec 27 (Reuters) – Ethiopian Airlines plans to resume flying Boeing 737 MAX planes on its fleet in February 2022, saying it [Read More]
Ethiopia to lose access to lucrative US trade program following CNN investigation By Nima Elbagir and Arnaud Siad, CNN (CNN)The White House will eject Ethiopia from a trade program between sub-Saharan African countries and the United States [Read More]
KEFI Readies Launch of Tulu Kapi Gold Project Despite War in Ethiopia By Jaime Llinares Taboada (Marketwatch)—KEFI Gold & Copper PLC said Friday that it is now preparing for the launch of its Tulu Kapi [Read More]
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