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Ethiopia's Addis International Bank awarded Seven Seas Technologies, a Data Center and Network System company, a contract to develop the design, installation and commissioning of a state of the art data and audit center. It was stated that the bank will facilitate the installation and upgrading of the network.

The technology Seven Seas Technologies will be providing are set to lay the foundation for the integration of the core ICT system to enable the bank to communicate and operate with improved effectiveness and efficiency.

Ethiopian Industry Minister Mekonnen Manyazewal said that, Ethiopia is eager to bolster its trade ties with Turkey. Speaking at the Ethiopia-Turkish Investment Forum, the Minister said the Ethiopian government is revising and updating its trade and investment policies and strategies to strengthen relations with countries like Turkey. Add a comment Add a comment

Ethiopian Ministry of Mines announced, the country has earned USD 308.7 million from the export of gold supplied by artisanal miners in the past 8 months of the Ethiopian Fiscal Year.

During the period, traditional gold miners has supplied more than 5 thousand kilo grams of gold to the National Bank of Ethiopia. Add a comment Add a comment

Ethiopia's Aquarius Aviation PLC concluded contract with the American Cessna Aircraft Company, to purchase two Cessna Caravan airplanes for USD 3.2. The planes which have a 39 seat-capacity are expected to be delivered within a year.

When the agreement is finalized in the coming month, Aquarius will be expected to pay 30 percent upfront, according to Frehiwot Tessema, general manager of Aquarius Aviation. Add a comment Add a comment