Latest Business Alerts

Ethiopian Airlines Celebrating Anniversary

Starting today, April 8, 2016, Ethiopian is delighted to celebrate its 70 years of dedicated and highly successful air transport services to, from and within the continent of Africa.

With its strong mission of bringing Africa together and closer to the world, Ethiopian has expanded much needed air connectivity within Africa and with the rest of the world in the last 70 years. Leading the way in the past, present and the future; Ethiopian has been an aviation technology leader in Africa and has introduced many new aircraft and systems to the continent.

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Ethiopia: ERC Printing Electronic Ticket Cards

Ethiopian Railways Corporation (ERC) has begun printing cards to be used for the Addis Ababa Light Rail Transit (AART) to commence using electronic cards.

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Turkish Company Keen to Invest in Ethiopia’s Telecom Industry

Visor, a Turkish company, expressed its wish to engage in Ethiopia’s telecom industry. The Turkish company aims to join the sector at a cost of 3 billion USD.

Visor’s CEO, Gokhan Arasli, led a delegation team that held discussions with President Mulatu Teshome on April 6, 2016. During the meeting the CEO expressed his company’s desire to engage in Ethiopia’s telecom industry by investing 3 billion USD.

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Ethiopia’s Capital Collected 15.4 Billion Birr

Ethiopia’s capital, Addis Ababa, collected 15.4 billion Birr in the previous months of the current fiscal year. According to Addis Ababa Finance and Economic Development Bureau, the city’s revenue has been increasing on yearly basis.

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Ethiopia: Inflation Dropped to 7.5 Percent in March

Ethiopia’s year-on-year inflation rate fell to 7.5 percent in March from 8.9 percent in February, Central Statistics Agency (CSA) announced.

Food and non-food inflation rates dropped to 7.3 percent and 7.8 percent respectively in March. The data for February shows food inflation rate was 9.2 percent while non-food inflation rate was 8.5 percent.

Source: Fana Broadcasting Corporate

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