The Ethiopian Investment Commission (EIC) announced that Ethiopia secured USD 4 billion in foreign direct investment (FDI) during the 2024/25 fiscal year, marking a 2.2 percent increase compared to 2023/24. The Commission also reported issuing the highest number of investment licenses in its history.
The Ethiopia Automated Transfer System (EATS) was launched on 27 May 2011. It will be introduced in banks all over the country early this week according to Getahun Nana, vice governor of National Bank of Ethiopia (NBE). Almost all banks have already finalized their automation and are in the process of networking their branches.
The EATS will set up a modern national payment system which facilitates bank large volume money transfer among banks and interface with the retail payment system. While the large sum transfer is mostly the responsibility of central banks, the private sector could handle the retail transfer once it proves competent.
Ethiopia has launched visa on arrival service for all African travelers as of November 1, 2018. The service was launched at a colorful ceremony held at the headquarters of the African Union Commission in the presence of the African Union Commission Chairperson, Ethiopian high government officials, African Ambassadors residing in Addis Ababa, CEO of Ethiopian Airlines Group, invited guests and media.
Addressing the gathering, Ethiopian Group CEO Mr Tewolde Gebremariam said, “It is truly an honor and a special privilege to witness this historical and truly inspirational day. Ethiopian Airlines has been brining Africa together and closer to the world for over 7 decades. Today, Ethiopian flies to 60 African destinations and connects the continent to over 50 major international cities in 5 continents. Visa on arrival for fellow African brothers and sisters and more importantly, visa online will greatly boost cross-border tourism, trade and investment, further deepening African integration.”
Throughout its seventy plus years of service, the pan-African carrier Ethiopian Airlines has been bringing Africa together and closer to the world. Thanks to its unwavering commitments and efforts to bridge the air connectivity vacuum in the African skies, today Ethiopian serves 59 cities across the continent, commanding the lion’s share of the intra-African network.
It is to be recalled that the Ethiopian Immigration and Nationality Affairs Main Department, in collaboration with Ethiopian Airlines, launched an e-visa service for all international visitors to Ethiopia in June.
About Ethiopian
Ethiopian Airlines (Ethiopian) is the fastest growing Airline in Africa. In its seventy plus years of operation, Ethiopian has become one of the continent’s leading carriers, unrivalled in efficiency and operational success.
Ethiopian commands the lion’s share of the Pan-African passenger and cargo network operating the youngest and most modern fleet to more than 116 international passenger and cargo destinations across five continents. Ethiopian fleet includes ultra-modern and environmentally friendly aircraft such as Airbus A350, Boeing 787-8, Boeing 787-9, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200 Freighter, Bombardier Q-400 double cabin with an average fleet age of five years. In fact, Ethiopian is the first airline in Africa to own and operate these aircraft.
Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that will see it become the leading aviation group in Africa with Six business centers: Ethiopian International Services; Ethiopian Cargo & Logistics Services; Ethiopian MRO Services; Ethiopian Aviation Academy; Ethiopian ADD Hub Ground Services and Ethiopian Airports Services. Ethiopian is a multi-award winning airline registering an average growth of 25% in the past seven years.
Source: Press release on Ethiopian Airlines Group Official Website
For more information about this press release, please contact:
Mrs. Aniley Eshetu
A/Manager Corporate Communications, Ethiopian Airlines
Tel :( 251-1)517-89-07/656/165/913/529
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The Ethiopian Railway Corporation (ERC) has largely fended off a billion dollar compensation claim filed by a Turkish contractor over the Awash-Kombolcha-Hara Gebeya railway project, following a two-year international arbitration process in London.
The Ethiopian Electric Power Corporation has awarded two contracts to AECOM, a leading provider of professional technical 
management support services for government and commercial clients internationally. The contracts have a total value of 14.1million US dollars.
The first contract is for a project financed by the World Bank. Under this agreement AECOM will evaluate and revise tender documents, carry out a design appraisal of contractors' deliverables. AECOM’s work will also include the upgrade of existing electrical substations in Addis Ababa, north, northwestern, north eastern, southern and eastern parts of the country.
