2merkato

Ethiopia and Russia agreed to work more on boosting their investment as well as trade relation, Tedros Adhanom, Minister for Foreign Affairs of Ethiopia, said. The Minister made the remark after holding a meeting with his Russian counterpart, Sergey Lavrov.

Ethiopia’s telecom monopole, Ethio-Telecom, announce it will commence expansion project of its infrastructure.

Ethiopia announced the incentives it will be providing for local investors who will engage in the Hawassa Industrial Park.

ET-Switch SC has launched a system which enables automated teller machine (ATM) card holders to withdraw cash from any ATM machine in Ethiopia.

Ethiopian Revenue and Customs Authority (ERCA) presented to House of Peoples’ Representative it collected 110.2 billion Birr in the first 9 months of the current fiscal year.

Private airlines in Ethiopia established an association which they dubbed “Ethiopian Private Airlines Association”.

Oromia State, Ethiopia, revoked licenses given to 218 investors and association which are accused of undertaking illegal mining practices.

Ethiopia extended an offer for Israeli investors to take part in the second Growth and Transformation Plan (GTP II) period, which will see the construction of 2.4 million new apartments. Out of the 2.4 million, 900,000 of them are planned to be constructed in the capital city, Addis Ababa. The government also plans to build 8 new industrial parks within the five years.

Ethiopian Airlines is introducing a great new program that will give passengers the option to bid for an upgrade from Economy Class to Cloud Nine (Business class). Using “Upgrade to Cloud Nine”, customers who have a valid Ethiopian Economy class ticket can make an individual bid for an upgrade to Business Class. Passengers who win the bid will be able to enjoy the benefits of our Cloud Nine services on selected routes. And if our passengers aren’t successful in their bid, then they will retain their economy class ticket!

Ethiopia’s flag carrier, Ethiopian Airlines, plans to expand its long distance flight network during the current year. The expansion program will see destinations to Asia and North America included in the airline’s routes.