2merkato

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.