2merkato

Ethiopia is going to build 11 new universities in the next growth and transformation plan period, aka GTP II, which is set to start in the coming fiscal year. The announcement was made by the Ministry of Education.

Emirates launched special Business and Economy class fares out of Addis Ababa to more than 50 destinations in a seven - day sales.

Banks and microfinance firms in Ethiopia are rendering mobile money services which they say is enabling them reach a huge population that has very little access to banking service.

Ministry of Mines disclosed in the first six months of the current fiscal year, Ethiopia earned a total of USD 157.4 Million from the export of mineral products.

Ethiopia’s Central Statistics Agency (CSA) announced it will publish report on the nation’s population today on Thursday, February 5, 2015.

Ethiopia’s flag carrier, Ethiopian Airlines, took delivery of its 11th Boeing 787 Dreamliner.

Pittards PLC, British company investing in Ethiopia, disclosed it intends to increase its production capacity by threefold in the coming two years.

The plan by Ethiopia’s Ministry of Industry to construct a leather tannery village in Mojjo town is still impractical for it has not yet secured USD 58 Million.

One of Ethiopia’s nine states, Somalia State, got its second micro finance institution (MFI) which is dubbed Rays MFI. The institution is going extend loan with an interest rate ranging from 10 percent to 20 percent.

Ethiopia’s first light railway tracks as well as railcar testing was undertaken on Sunday, February 1, 2014 in the aim of ensuring the system is up to the standards.