Ethiopia’s flag carrier, Ethiopian Airlines Group, disclosed it finalized arrangements to resume flights to the Capital of Republic of Guinea, Conakry, starting from February 1, 2017. This is expected to give the airline’s clients to be able to connect Conakry with major cities in Asia, Middle East as well as East and Southern Africa via Addis Ababa.
The 2 Horn of Africa countries, Ethiopia and Djibouti concluded a joint venture agreement on January 11, 2017 for the establishment of a company that will manage the newly built Ethio-Djibouti Railway. The agreement was signed in Djibouti as part of the agreement signed between the 2 countries before for the establishment of a joint company.
Add a comment Add a commentPoly-GCL, company engaged in natural gas exploration in Ethiopia, has started drilling the 6th petroleum and natural gas well dubbed Hilal-7 gas in Somali Regional State, Ethiopia. Thus far the company has drilled 5 gas wells around Calub and Hilala areas in the Ogaden Basin.
Add a comment Add a commentEthiopia’s Ministry of Trade disclosed during the first 5 months of the current fiscal year, the nation has earned more than 1 billion USD from export trade. Nevertheless, this was still short of the target set at the beginning of the year, which was 1.7 billion USD..
Add a comment Add a commentAfrica Insurance Company, one of the private insurance companies in Ethiopia, made 406.8 million Birr in the last fiscal year. The performance is 16 percent or 56 million Birr higher than the company’s profit in 2014/2015.
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