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Major South Korean companies are interested in investing in Ethiopia, Ministry of Foreign Affairs discloses.

Ambassador Dewano Kedir, Permanent Secretary of Economic Diplomacy at the ministry, received a team of South Korean business delegation from the city of Busan.

The International Finance Corporation (IFC) signed an agreement with the National Bank of Ethiopia (NBE) that focuses on expanding trade and financing local currency. This agreement is part of multi-year partnership entered by IFC and NBE with the intent of developing Ethiopia's promising credit reporting system.

Ethiopian Airlines restarted flights to Moscow after 27 years. Ethiopian stopped flying to the Russian capital during the collapse of the Soviet Union. From now on, Ethiopian will fly three times a week to Moscow.

Results obtained from a business outlook survey of German companies in Ethiopia indicated that the German firms hold a positive view of the ongoing business growth and economic transformation. The survey, conducted by a Delegation of German Industry and Commerce in Eastern Africa (AHK) is the first of its kind.

The United Nations Economic Commission for Africa (UNECA) celebrated sixty years of presence in Addis Ababa, Ethiopia. UNECA came into existence with the intent to help African nations develop relevant development policies and strategies in various sectors of the economy.

Ethiopian got its tenth Airbus A350 aircraft, the long-range, two-engine, wide-body jet airliner.

Ethiopian Airlines, the leading airline in Africa that has been chosen the best airline in the continent for seven years in a row, received this tenth A350 at a ceremony held at its quarters at Bole International Airport, Addis Ababa.

APL Logistics Ltd. has officially appointed Champion Shipping PLC as their new local strategic partner to support their domestic logistics, international freight forwarding, and associated services in Ethiopia. APL Logistics will spearhead efforts to manage the milk run logistics to serve the growing need for export services by the Ethiopian customers.

The Ethiopia-based aviation services company, Krimson, obtained an aviation license by the Ethiopian Civil Aviation Authority (ECAA). The license Krimson obtained is one of the first few business aviation licenses being issued by ECAA.

The Ethiopian Roads Authority (ERA) signed four road projects that span 290.5 kilometers and cost $244 million with four Chinese firms. The roads to be constructed are situated in central, northern, eastern and western parts of Ethiopia.

In the past five months from June to October, Ethiopia has managed to get $28.4 million from export of electricity to Sudan and Djibouti, the Ethiopian Electric Power Corporation (EEPCo) announces. Out of the $28.4 million, $17.5 million is earned from Djibouti, while the rest, $10.9 million came from the export to Sudan.