2merkato

Ethiopia's Lake Wonchi has been chosen as the best tourist village of 2021 at the 24th General Assembly of the World Tourism Organization, which is being held in Madrid, Spain. Lake Wonchi has been selected best from 170 tourist villages across the world.

Africa’s largest aviation group, Ethiopian Airlines, has been chosen the "Best African Airline" at the 2021 Business Traveller Awards. The votes made by the business travellers for this year took into account the COVID period with key questions covering airlines’ effectiveness in communication, effective implementation of COVID precautionary measures, handling of loyalty program member passengers and flexibility of ticket changes.

Ahmed Shide, Ethiopia's Minister of Finance, has discussed with Sheikh Sabah Khaled Al-Hamad Al-Sabah, Prime Minister of Kuwait, have conferred on economic cooperation between the two countries.

The African Development Bank Group (AfDB) said its Board of Directors has approved $217 million in loans to fund a project that will improve road transport services among Kenya, Somalia, and Ethiopia. 

Takele Uma, Ethiopia's Minister of Mines, said his Ministry, along with the Ethiopian Investment Commission, have discussed with owners of cement factories on logistics issues.

Ethiopian Pharmaceuticals Supplies Agency (EPSA) announced that it has imported medicines worth over a billion birr and they are ready for distribution.

Ethiopian Airlines, the largest aviation group in Africa, announced that it has finalized preparations for the launch of Zambia’s National Carrier in a joint venture with Industrial Development Corporation Limited (IDC). Ethiopian has 45 percent stake in the joint venture while Industrial Development Corporation Limited (IDC) retains 55 percent.

Awash Bank, Ethiopia's oldest and largest private bank, announced it has obtained a gross profit of over 5.58 billion birr during the 2020/21 fiscal year. The amount has shown an increase of 34 percent or 1.2 billion birr from last year, and is registered as the highest ever for private banks in Ethiopia.

The total assets Commercial Bank of Ethiopia (CBE), Ethiopia's state-owned bank that is the largest in East Africa, now stand close to a trillion birr. The total deposits of the bank have reached 735 billion birr, with a collection of 140 billion birr during the 2020/21 fiscal year, and generating a gross profit of 20 billion birr.

Ethiopian Shipping and Logistics Services Enterprise announced that it has built and made ready two warehouses at Modjo Dry Port to store fertilizers for the 2022 harvest year. The warehouses have been built at a cost of 98 million birr using K-span building technology.