The Ethiopian Ministry of Mines (MoM) signed a petroleum production sharing agreement (PPSA) with Poly GCL Petroleum Investment Ltd., a Chinese based company, Fortune reported.
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Nib International Bank (NIB) reported 286.3 million birr profit after tax for fiscal year 2012/13, Fortune reported. NIB has also reported 147 birr of earning per share for the reported period.
The Ethiopian House of People's Representatives approved the US$320 million loan agreement between the Ethiopian government and the Chinese Export-Import (EXIM) Bank to finance the Addis-Adama expressway On Thursday 28, November 2013, The Reporter reported.
Ethiopia has earned over US$121 million in revenue from various minerals supplied to the National Bank of Ethiopia and overseas markets in the first quarter of the current Ethiopian fiscal year.
ASKY Airlines, an affiliate of the state owned Ethiopian Airlines, is set to launch new route to Beirut, Lebanon, according to The Reporter.
The newly-appointed CEO of ASKY, Yissehak Zewoldi, told The Reporter during the 45th African Airlines Association (AFRAA) annual general assembly, that ASKY will soon commence four weekly flight to Beirut with its Boeing B737-800 aircraft.
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