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France provides €5 mln for restoration of Lalibela
Spread the NewsThe government of France has grated Ethiopia 5 million Euros for the renovation project of the rock hewn churches of Lalibela. Lalibela is United Nations Scientific, Educational, Scientific and Cultural Organization (UNESCO) inscribed world heritage site in Ethiopia. The grant agreement was signed on Thursday, October 20, 2022 between Semereta Sewasew, State Minister…

NEPAD’s high -level meeting on agricultural development kicks off in Dakar
Spread the NewsBy Kaleyesus Bekele from Dakar, Senegal A high level consultative meeting on African agricultural development co- organized by the African Union Development Agency-NEPAD and the African Union Commission Department of Agriculture kicked off Tuesday July 26, 2022 in Dakar, Senegal. Experts drawn from various development organizations are expected to discuss food security, poverty…

National Bank lifts its ban
Spread the NewsThe National Bank of Ethiopia (NBE) lifted the loan freezing placed since August 2021, according to media reports. Executives of commercial banks have been given an instruction to resume loan services to all of the customers. Many businesses have been crying foul over the loan freezing as it has impacted their productivity due…

Gov’t ceases fuel subsidy
Spread the NewsThe Ministry of Trade and Regional Integration (MoTRI) announced Tuesday that the government will gradually lift fuel subsidy for individual and some organizations vehicles. Only mass public transport service providers will be the beneficiaries of the new subsidy scheme adjusted by the government, Gebremeskel Chala, Minister of Trade and Regional Integration, said in…

Electric power blackout leaves horticulture producers at risk
Spread the NewsAn electric power blackout from Qoqa to Bishotu towns that has been lasted for a week is forced horticulture producers to cease their production, Origins Business learnt. Tewodros Zedwie, Executive Director of Ethiopian Horticulture Producer Exporters Association (EHPEA) told Origins Business that the power blackout has plunged horticulture producers businesses. “Horticulture farms refrigeration…

Ethiopian, Boeing sign MoU for B787 landing gear exchange at Dubai Air Show
Spread the NewsEthiopian Airlines has signed a Memorandum of Understanding (MoU) with Boeing that will help the airline to bring cost savings to its maintenance operations with Boeing’s 787 landing gear exchange program at the ongoing Dubai Air Show. “As the fastest growing airline in Africa, much of our success depends on our ability to…