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Tullow Oil’s exploration well, Gardim-1, which it drilled in the eastern flank of Chew Bahir Basin in Ethiopia is announced to have failed find commercial levels of oil.

Agreements were signed between African Wildlife Capital, a mission-based investment company, and a British- Ethiopian venture for the purpose of building world class boutique hotel in Ethiopia’s Simien Mountains National Park.

There is a deposit of over 20,000 Tons of Tantalum in Oromia State, Geological Survey of Ethiopia (GSE) disclosed.

The first step to allow Ethiopian Airlines to stop at Dublin airport in order to collect passengers has been taken by the Irish government. Ethiopian will make the stop when making its trek to Los Angeles.

Amhara Credit and Saving Institution (ACSI) opened five new branches, Wello Wag area office of the Institute announced.

The Addis Ababa City Administration Cabinet decided to break down Trade and Industry Bureau (TIB) of the city into two distinct organs, one specializing in the city’s trade administration and the other in management of the city’s industry & investment. 

Irish Aid and United States Agency for International Development (USAID) concluded an agreement to provide fund for the purpose of assisting the development and adaptation of technologies as well as business models that require transformation in the Ethiopian diary sector.

Enat Bank S.C. opened its fifth branch on Saturday, July 12, 2014 at Mekato, Dubai Tera. The branch is named after the first female Member of Parliament.

Abay Bank started rendering card banking via Automatic Teller Machines (ATM) on Saturday, July 12, 2014.

For the 2014/2015 fiscal year the Oromia State Council passed the budget to be over 31.6 Billion Birr.