Boeing announced that it has "broadly agreed" to accept responsibility for the 2019 crash of 737 Max in Ethiopia. Subsequently, Boeing will take the responsibility of settling compensation claims of the families of 157 people killed during the accident. Following the Ethiopian Airlines flight 302 crash en route Nairobi, a global grounding of the 737 Max had ensued.
Bahir Dar Industrial Park, located in Ethiopia's Amhara region, has started exporting textiles. One of the 13 industrial parks in Ethiopia, Bahir Dar Industrial Park is fully dedicated to textile production.
Bracco S.P.A. Healthcare International Group, an Italy-based company, and Zuvius Lifesciences Pvt. Ltd, an Indian pharmaceutical giant have expressed their interest to invest in Ethiopia.
Ethiopia has obtained $3.7 million from the export of electrical and electronic equipment during the first quarter of the Ethiopian fiscal year that started July 8, 2021.
The Ethiopian-owned NOC Djibouti announced it has entered an agreement with China Construction to renovate and modernize its service station at a cost of $1.3 million.
