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U.S. launches Kefeta $60 mln investment to lift up Ethiopia’s youth
Spread the NewsThe United States through the United States Agency for International Development (USAID) has launched a new investment of $60 million to lift up millions of vulnerable youth across Ethiopia. Over the next five years, the new USAID Kefeta activity—which means ‘to elevate’ in Amharic—will help youth in 18 cities find meaningful jobs and…

Enat Bank reports gross profit of 289 mln Birr
Spread the NewsEnat Bank Share Company has reported a gross profit of 289 million Birr in the concluded fiscal year in June 30, 2021. Its paid up capital has also grew to 1.5 billion Birr from 1.3 billion Birr in the previous year. Meanwhile, its total assets hs reached 14.6 billion Birr. “The number of…

Ethiopian crowned with two prestigious awards at Air Cargo News Awards 2022
Spread the NewsEthiopian Cargo & Logistics Services, the largest air cargo network operator in Africa, has been crowned with ‘Cargo Airline of The Year’ and ‘Best Cargo Airline – Africa’ at the Air Cargo News Awards 2022. In a ceremony held in London on 16 September 2022, Ethiopian has been crowned with the two awards…

Ministry says over 40 investors to enter Bulbula Integrated Agro-Industrial Park
Spread the NewsMinistry of Industry has disclosed on Monday that 42 businesses and private developers are going to enter the Bulbula Integrated Agro-Industrial Park (BIAIP). The firms have expressed their readiness to join the Park. The Park, sprawled over 271 hectares of land in Western Oromia, has been fully equipped with the necessary infrastructures and…

Former CEO of Ethiopian Airlines receives life time achievement award
Spread the NewsBy Kaleyesus Bekele Tewolde Gebremariam, former Ethiopian Airlines Group CEO, has received a life time achievement award from Flight Global, a London based aviation Publication Company. Turkish Airlines chief Bilal Eksi and former head of Ethiopian Airlines were among senior industry leaders recognized at this year’s Airline Strategy Awards on Sunday July 17,…

Arabica C Coffee global price surges by 86%
Spread the NewsThe Ethiopian Coffee and Tea Authority said that compared to the same period last fiscal year, the global price of Arabica C coffee has increased by 86 percent. It is now being sold at £206.5 – 210, up from £110.7 a year ago. Tatek Girma, Director of the Market Development and Promotion Directorate…