Ethiopia and Djibouti concluded an agreement in the aim of establishing a company that will manage Ethio-Djibouti Railway. The agreement was signed by Ahmed Shide, Ethiopia’s Transport Minister, and his Djiboutian counterpart, Mohammed Abdulkadir Musa.
Add a comment Add a commentRaya Brewery S.C., one of the late entrants to Ethiopia’s market, sustained loss close to 104 million Birr in the past fiscal year. The company’s annual report was released during the shareholders meeting held on Saturday, December 10, 2016.
Add a comment Add a commentFollowing the space left by Ahmed Tusa, Yacob Yalla has been appointed as the new Chief Executive Officer (CEO) of Ethiopian Shipping and Logistics Service Enterprise (ESLSE). The enterprise was under the leadership of the Deputy CEO since earlier this month.
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Ethiopian Aviation Academy, the largest aviation academy in Africa, a full ICAO TRAINAIR PLUS Member designated as a Regional Center of Excellence and an IATA Authorized Global Training Center, is pleased to announce that it has graduated 107 Cabin Crew and Catering professionals as of December 10, 2016.
Oromia International Bank (OIB), one of the private banks in Ethiopia, made 248 million Birr profit in the last fiscal year. The profit is 12 percent higher than the bank’s performance during 2015/2016.
