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Ethiopia ranks among top ten investment destinations in Africa
Spread the NewsBusiness Insider Africa has ranked Ethiopia among the top ten investment destinations in Africa, saying it is “Rewarding for investors”, mentioning its high GDP and resilient economy. Being the second-largest African flower exporter and among the biggest producers of coffee worldwide, Ethiopia is rewarding for investors, Business Insider reported, putting the country at…

Russian Foreign Minister Sergey Lavrov arrives in Addis Abeba
Spread the NewsThe Foreign Minister of the Russian Federation Sergey Lavrov has arrived today (July 26) in Addis Ababa for a working visit to Ethiopia. Deputy Prime Minister and Foreign Minister Demeke Mekonnen and other high-level government officials welcomed the Russian Foreign Minister upon his arrival at Bole International Airport. During his stay in Ethiopia,…

Ethio Telecom awaits policy amendment to expand digital financial services
Spread the NewsEthio Telecom said Wednesday that it is waiting for policy amendment in a bid to expand its digital financial services. In May last year, the telecom giant launched telebirr, a mobile money service. Through telebirr, customers are topping up their airtime, buy internet packages, paying traffic penalties, as well as electricity and water…

Bunna insurance registers 36.23 mln Birr profit
Spread the NewsBunna Insurance S.C. has netted 36.23 million Birr profit in the just concluded fiscal year of 2020/2021. The insurance company initially planned to generate a profit of 22.75 million Birr. Meanwhile, the insurance company has collected a premium of 335.1 million Birr in the stated fiscal year. In terms of expenses, the company…

Ethiopian Airlines resumes flights to Bengaluru, India
Spread the NewsEthiopian Airlines, Africa’s best airline and the largest aviation group in Africa, has announced the resumption of thrice weekly passenger flights to Bengaluru, India as of 27 March 2022. The airline announced the recommencement of after it halted operations for two years due to the Covid-19 pandemic. Ethiopian operated its first flight services…

Rolls Royce Rolls in Africa
Spread the NewsBy Kaleyesus Bekele Rolls-Royce pioneers sustainable technologies that deliver the cleanest, safest and most competitive solutions for our planet’s vital power needs. Many can be forgiven for associating Rolls-Royce with the British luxury car manufacturer.But, with more than16,400 aero-engines in service worldwide, Rolls-Royce has grown from the electrical and mechanical business established by…