Latest Business Alerts

Ethiopia: House Ratified 387 Million USD Loan

Ethiopia’s lower house, House of Peoples’ Representative, ratified 3 loans which will be used to finance 2 road construction projects in Addis Ababa and upgrading an electric grid system in the capital city. The move was done 2 weeks after MPs asked Budget and Finance Affairs Standing Committee to assess the nation’s debt repayment capacity. Before the loans were approved, the Committee explained to members of the house the loans will not burden the country and that the country has the capacity to repay the loans.

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Ethiopia: Draft Policy in Favor of Private Airliners

New aviation policy has been prepared by the Ethiopian Civil Aviation Authority (ECAA) and the document is said to encourage large scale investment from private investors.

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Ethiopia: ET Switch Completed Transactions worth 1.2 Billion Birr

ET Switch SC, company established by the banks in Ethiopia and the National Bank of Ethiopia, disclosed it completed transactions worth 1,175,089,410 Birr since it commenced service in May 2016. The company also noted its performance is challenged by high transaction decline rate of 40 percent per month due to connection failure and system failure in its member banks.

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Algerian Investors Interested to Invest in Ethiopia

Algerian investors showed great interest in investing in Ethiopia. It was during a business forum held in Oran, Algeria that investors revealed their interest.

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Construction of Road Connecting Ethiopia and Kenya Competed

Construction of the road linking Ethiopia and Kenya, Turmi - Namrapuz, has been concluded and it is now open for traffic, Ethiopian Roads Authority (ERA) disclosed.

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