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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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: 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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