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Dire-Dawa gets 400 mln Birr Car Assembling Plant
Spread the NewsAn Automotive Assembly Plant built by EL Auto-Engineering and Trading PLC at a cost of 400 million Birr has been inaugurated on Saturday. The factory was inaugurated in Dire Dawa Free Trade Zone (FTZ). The FTZ was inaugurated last week by Prime Minister Abiy Ahmed (PhD). The factory has a capacity of assembling…

Seven national organizations sign exclusive business partnership agreement with Ethio Telecom to distribute products, services
Spread the NewsEthio Telecom has signed a business partnership agreement on Friday with seven national distributors which will exclusively distribute telecom products and services for the customers. Based on the signed agreement, these national distributors would exclusively engage in business areas such as telebirr services, mobile airtime top up, new SIM card sales, SIM card…

Ethiopia’s economy predicted to grow at 6.6% despite challenges
Spread the NewsThe National Macroeconomic Council, which is led by Prime Minister Abiy Ahmed (PhD), said Tuesday that Ethiopia’s economy will grow at a rate of 6.6% in this Ethiopian fiscal year despite the challenges the economy has been facing. Members of the Council has discussed on the nine months macroeconomic performance of the country…

Airbus take parts in Aviation Africa summit, exhibition
Spread the NewsAirbus has joined experts and key decision makers in the aviation industry at the Aviation Africa Summit and Exhibition taking place on September 12 and 13, 2022. During the two-day summit Airbus will discuss a range of compelling regional and global challenges and solutions including: sustainability and its critical role in driving the…

Zemen Bank amasses gross profit of 1.2 bln Birr
Spread the NewsZemen Bank announced Saturday that it has amassed a gross profit of 1.2 billion Birr in 2020/2021 fiscal year, which was concluded in July 2021. Zemen’s total asset also reached 25.2 billion Birr as of July 2021, which has registered a 36.66 percent higher than the previous year figure. As of July2021, its…

Ethiopian, Boeing partner to ferry humanitarian aid
Spread the NewsEthiopian Airlines and Boeing once again partnered to bring humanitarian aid to those in need – this time using the airline’s three recently delivered 737-8 airplanes to transport more than 12,000 pounds of supplies to Addis Ababa, Ethiopia. “Ethiopian Airlines has a long history of collaborating with Boeing on humanitarian flights,” said Mesfin…