Ethiopian Airlines (EA) and Boeing have announced a further expansion of EA’s all-Boeing freighter fleet. As part of a “longstanding” partnership with Boeing, Ethiopian Airlines placed an order for five Boeing 777 Freighters according to a joint statement with Boeing released on May 25, 2022. “The addition of these five B777 Freighters into our cargo fleet […]
Africa, home to more than 1.3 billion people, half of whom will be under 25 years old by 2030, is a diverse continent offering human and natural resources that have the potential to yield inclusive growth and eradicate poverty in the region. With the world’s largest free trade area and a 1.2 billion-person market, the continent […]
Forbes Life doesn’t always go as planned. In 2004, Berhane Demissie moved from the UK back to her native Ethiopia for two years. Now, more than 15 years later, she’s still there. “The job that I was doing here was so fulfilling. It gave more than financial returns. It gave personal satisfaction. The amount of work […]
During an inauguration ceremony at Modjo Dry Port on 22 August 2020, the first ever refrigerated container carrying fruit was loaded at the train from Ethiopia to Djibouti. Ethiopian Minister of Transport H.E Dagmawit Moges launched the loading of the container at the train in the presence of stakeholders from different organizations. “The development of […]
Bloomberg Ethiopia is shaking up its economy by opening many industries to foreign investors. Just don’t expect the government to loosen its grip on banks yet. “Banking, insurance, micro-credit and micro-saving services” will be reserved only for domestic investors, according to draft regulations released by the Ethiopian Investment Authority. International aviation, where state-controlled Ethiopian Airlines dominates, […]
Capital Ethiopia Ethio Telecom, on Tuesday May 11, launched a mobile phone-based financial service, seeking to boost growth by offering cashless transactions. Customers can deposit, receive and transfer money using their mobile phones in areas where network service is available. The new service, telebirr, aims to extend mobile services to financially excluded sections of society. […]
The East African The Ethiopian government has suspended the entry of foreign telecom infrastructure companies into the country, possibly slowing down the enthusiasm that arose after authorities announced plans to liberalize the market. The decision, however, may not affect foreign telecom service providers and operators such as Kenya’s Safari-com and its parent company Vodacom, who […]
The pandemic has caused a drastic drop off in travel and airlines around the world have been struggling. But one bright spot in the industry has been in Africa, where the continent’s largest airline has been thriving. Ethiopian Airlines, based in the Ethiopian capital of Addis Ababa, serves 62 African cities and about 120 destinations […]
Xinhua Ethiopia and China are set to partner to build a new, 300 million U.S. dollar industrial park in the east African country. Liu Yu, economic and commercial counselor at the Chinese Embassy in Ethiopia, told Xinhua recently that construction of the park, located in Adama city, 99 km southeast of Addis Ababa, could start […]
Telecoms Vodafone was part of the consortium that won a new Ethiopian telecoms operating licence, but its direct involvement is minimal and will come solely through its existing African shareholdings. We know that as a result of the publication by another consortium member – Safaricom – of the shareholder structure of the winning bidder. The […]
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