Latest Business Alerts

Ethiopian Investment Delegation Meets Global Brands Representatives

investment-delegatesAn Ethiopian investment delegation met with representatives of well-known global brands in Hong Kong, Fitsum Arega, Director General of the Ethiopian Investment Commission disclosed. The global brands represented in the meeting include H&M, VF, GAP, L&F, Target, Academy, Ralpha Lauren, New Balance, Under Armor.

Add a comment Add a comment

Ethiopian Named "Best Airlines in Africa" for the 7th Year in a Row

Ethiopian Airlines Logo flagEthiopian Airlines wins the “2018 Best Airlines in Africa Award” for the seventh year in a row.
The award, presented by the African Airlines Association (AFRAA), was given on Nov. 27 in recognition of its exceptional financial performance at the 50th African Airline Association Annual General Assembly (AFRAA AGA) in Rabat, Morocco.

Add a comment Add a comment

Ethiopia Needs Three Years to Develop Petroleum Resource

Ministry of Mines, Petroleum and Natural GasThree more years are needed to develop petroleum resources located in Ogaden area, the Ministry of Mines, Petroleum and Natural Gas announces.

Petroleum Licensing and Administration Director at the ministry, Ketsela Tadesse, has said that the additional three years are required to address activities that “need to be done before entering into the production process.” He has further elaborated that hundreds of additional wells need to be drilled and various infrastructure facilities should also be put in place before the petroleum development could be in full swing.

Add a comment Add a comment

Exchange Rates

USD 28.5003  27.9415 
EUR 32.4505  31.8142 
GBP 35.9417  35.2370 
CAD 21.2673  20.8503 
AED 7.7583  7.6062