Latest Business Alerts

Tour Operators to be Rated from Grade 1 to 3

The Ministry of Culture and Tourism (MoCT) is set to complete the registration of around 231 tour operators by July 7 for the standardization of the companies by rating them from grades one to three.

Tour operators are required to fulfil a list of qualifications based on which they will be rated first, second or third degree operators.

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Ethiopia, S. Korea to Talk on Energy, Raw Materials

South Korean President Lee Myung Bak is scheduled to visit Ethiopia, South Africa and Democratic Republic of Congo from July 2 through July 11. The president will visit Ethiopia on July 8.

He is expected to discuss ways to expand cooperation with Ethiopia and the other African countries over various areas like nuclear power, energy and raw materials, his office said in a statement today.

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Ethiopia Signs $590 Mln Loan, Grant Deal with France

Ethiopia signed a 590 million dollar grant and loan agreement with France to boost water and energy projects, as well as for the construction of electricity transmission lines with Kenya, the Embassy of France in Ethiopia said.

The agreement will enable the French Development Agency to develop water and sanitation schemes and support the management of geothermal and windmill projects.

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Ethiopia Borrows €337 Mln from France

Ethiopia concluded a 337 million euro loan agreement with the government of France yesterday.

The government of France offered 70 million of the 337 million as a grant and the balance as a loan.

The money is intended to be used to finance the country’s five-year Growth and Transformation Plan, especially development programs in the energy, urban infrastructure, agriculture as well as water and sanitation sectors.

Source: Walta Information Centre

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Ethiopia Earns $2.4 Bln in Forex

Ethiopia has earned more than 2.4 billion dollars in foreign exchange over the last 11 months meeting 82 percent of the plan, the Ministry of Trade said while presenting this year’s performance report to the Trade Affairs Standing Committee of the House of Peoples' Representatives. 

Source: ERTA    

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