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Gilgel Gibe III hydropower project was officially inaugurated by Prime Minster Hailemariam Dessalegn on Saturday, December 17, 2016.

Ethiopian Pharmaceutical Fund and Supply Agency, major supplier of medicines in Ethiopia, procured medicines that are worth 1 billion Birr. The procurement was made from the local market.

Dalol Oil S.C., one of petroleum companies in Ethiopia, appointed Tadesse Girma as its new CEO on December 14, 2016.

Subsidiary of Jupiter Group has formed joint venture with a Chinese electronics manufacturer to assemble energy meters in Ethiopia. The joint venture agreement was signed on Thursday, December 15, 2016 by Melaku Bisrat and Hu Ab, representing MYBABA Electronics Manufacturing PLC – the newly established JV Company – and Shenzhen Clou Electronics Co. Ltd.

Ethiopian Airlines, the largest and fastest growing African airline, is pleased to announce that it will start a direct and non-stop services to Singapore as of June 2017 using the ultra-modern Boeing 787.

Ambo International Holding Ltd, Mauritius based company, has bought the 33 percent holding Ethiopia’s government had in Ambo Mineral Water SC. The Mauritius based company made the purchase for a price of 19.7 million USD.

Ethiopian Airlines Los Angeles Area Office received the Star Alliance CEO Awards for 2016, as a member of Star Alliance project team at Tom Bradley International Terminal, during the annual Chief Executive Board Meeting held in Los Angeles recently.

Officials from China Poly Group Corporation met with Ethiopia’s Prime Minister, Hailemariam Dessalegn on Thursday, December 15, 2016. The officials from the Corporation explained that natural gas and oil exploration work being undertaken in Ogaden, Somali State, is bearing fruit.

Jinka Bag Factory, which is expected to supply for Ethiopia’s grand projects, has commenced test run. The factory is said to manufacture sugar bags for the existing as well as new sugar factories being built.

The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 159 million to partly finance Ethiopian Airlines’ expansion plan and fleet modernization program. The package comprises two tranches, with the first tranche (85% of the financing) being covered by African Trade Insurance, Africa’s export credit agency, which will be providing credit risk insurance to the transaction. The investment is a reflection of the Bank’s new strategic thrust to achieve its five operational priorities and is rooted on the necessity to integrate Africa and improve air connectivity in the continent.