Ethiopia has lost its 19% share at Berbera Port in Somaliland due to its failure to pay financial contribution for the construction of the port.
Paying contribution is among the precondition set by Somaliland’s government.
Ministry of Finance Development of Republic of Somaliland announced that the Ethiopian government has been stripped of its ownership for failing to meet its ownership requirements on time.
Spread the NewsEthiopian Airlines, Africa’s largest Aviation Group, has been named the winner of four awards at the SKYTRAX 2022 World Airline Awards. Travelers across the world vote in the largest airline passenger satisfaction survey to decide the award winners, referred to by media globally as “the Oscars of the aviation industry”. In the award…
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…
Spread the NewsBunna Bank Share Company has been awarded a transformation excellence award in the 7th edition of Infosys Finacle Innovation Award 2021 edition for its encouraging performance in core banking services. The award has been received by Mulugeta Alemayehu, CEO of Bunna Bank. Close to 270 nominations were received from 50 banks globally, across…
Spread the NewsPrime Minister Abiy Ahmed (PhD) has inaugurated Dire Dawa Free Trade Zone on Sunday. Dire Dawa is selected to host the free trade zone due to its proximity to ports, market potential, huge cargo gravity and suitability for multimodal transport and logistics operation. Increasing import substitution and export revenue, job creation, and skill…
Spread the NewsEthio Telecom has made a huge investment in the education sector through provisioning of fixed broadband and satellite internet service for a school net program worth over 4.8 billion Birr in parallel to other multidimensional support to the sector. Ethio Telecom has further announced that it has joined the Ministry of Education campaign…
Spread the NewsWegagen Bank’s Pan African Branch located on the Premises of African Union (AU) has officially been inaugurated by Aklilu Wubet, CEO of Wegagen Bank, Getye Mekuria, Acting Chief Marketing and Strategy Officer and Diallo, Facilities Management Unit Director at African Union Commission. The inauguration held on Monday, February 14, 2022. In his remark,…
