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Ministry grants six large-scale mining licenses
Spread the NewsMinistry of Mines and Petroleum (MoMP) has granted the first of its kind large-scale mining licenses for six mining companies of gold, marble and bromine. The licenses for these companies have been awarded by Takele Uma (Eng.), Minister of Mines and Petroleum on Thursday, September 30. Kurmuk Gold Mining PLC, Etno Mining PLC…

Derba Cement to build second plant
Spread the NewsBy Kaleyesus Bekele Derba Cement is going to build second cement manufacturing plant at a cost of 300 million dollars. The company has selected the Chinese construction company, Sinoma International Engineering to build the new line. CEO of Derba Cemenet Haile Assegidie and Han Xuefeng, Regional Marketing Director, Sinoma International Engineering, signed the…

Nyala Insurance amasses gross profit of 194.3 mln Birr
Spread the NewsNyala Insurance S.C. reported that it has amassed a gross profit of 194.3 million Birr in the concluded fiscal year in June 2021. Nyala Insurance conducted its 27th regular and 20th extraordinary general meeting on Thursday at Sheraton Addis Hotel. During the meeting, Getachew Birbo, Chairperson of the Board Directors said: “The profit…

African airlines saw 134.9% rise in demand for air travel
Spread the NewsThe International Air Transport (IATA) disclosed that African airlines experienced a 134.9 percent increase in demand for air travel in May 2022 when compared to the same period last year. However, load factors remain the lowest worldwide. The association announced global passenger data for May 2022 showing that the recovery in air travel…

Ethiopia gets 800,000 doses of Covid-19 vaccines from China
Spread the NewsOn October 24, 2021, 800,000 doses of Covid-19 vaccines — donated by China have arrived at Bole International Airport. Dr. Lia Tadesse, Minister of Health applauded the support of vaccines received from Mr. Zhao Zhiyuan, Chinese Ambassador to Ethiopia at the Bole International Airport. Dr. Lia commended China for the comprehensive Covid-19 prevention…

Expert urges US to revisit strategy over revoking Ethiopia from AGOA
Spread the NewsZemedeneh Nigatu, Global Chairman, Fairfax Africa Fund urged that the United States needs to revisit its strategy over revoking Ethiopia from the African Growth and Opportunity Act (AGOA), a quota and duty free trade privilege to African countries. “Whatever policies and strategies the US is trying to achieve by imposing this kinds of…