The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new USD 100m Cepheus Growth Capital Fund. The EIB’s USD 10 million participation represents the first backing for an Ethiopia focused fund and one of the first engagements with a single country private equity fund in Africa by Europe’s long-term lending institution.
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Ethiopian, the national flag carrier and the largest airline group in Africa, is pleased to announce the upgrading of Gondar and Axum airports’ facilities to accommodate night flights, and the start of night services to the two cities effective October, 2017.
Ethiopian Immigration and Nationality Affairs main Department in collaboration with Ethiopian Airlines Group has launched E-Visa service for African and international participants of Meetings, Incentives, Conferences, and Exhibitions to be held in Ethiopia effective September 20, 2017.
The cross border railway stretching from Ethiopia to Djibouti, Ethio-Djibouti Railway Line, is set to start operation by November 8, 2017.
Add a comment Add a commentNational Bank of Ethiopia (NBE) announced Birr is devalued by 15 percent starting from October 11, 2017.
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