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 NewsFSD Africa is working in the financial sector along with the National bank of Ethiopia (NBE). Now, Ethiopia has got its own version, Financial Sector Deepening (FSD Ethiopia) with the aim of supporting the financial sector. Newly-established development agency Financial Sector Deepening Ethiopia (FSD Ethiopia) was officially launched at the Hyatt Regency Hotel,…
Spread the NewsPrime Minister Abiy Ahmed (PhD) has responded to the quests made by the Members of the Parliament (MPs) on Tuesday, June 14, 2022. He addressed a range of matters raised by the MPs. “Context is a key understanding the challenges we have faced as a nation. The Covid-19 pandemic, the war in the…
Spread the NewsEthio Telecom, Ministry of Transport and Logistics and Ethiopian Petroleum Supply Enterprise (EPSE) have inked a deal that would enable fuel-subsidy beneficiary vehicles use mobile money platform to pay for fuel at gas stations. Telebirr, a mobile money service, which has been developed by Ethio Telecom, will be used to pay the payment…
Spread the NewsA conversation with Tadesse Tessema (Engineer) Tadesse Tessema (Engineer) is a Co-founder, General Manager and Shareholder formerly Holland Car PLC. After he lived in the Netherlands for 27 years, Tadesse decided he could start a successful business in his homeland. He launched Holland car, forced to close down the successful joint venture…
Spread the NewsEthiopian Airlines is planning to establish an aviation academy in West Africa. Mesay Shiferaw, Ethiopian Airlines Aviation Academy managing director, told Origins Business that the airline is planning to establish the aviation academy in Lome, Togo in partnership with the West African airline, ASKY. Mesay said if the negotiation succeeds Ethiopian and ASKY…
Spread the NewsEthiopia’s access to trade benefits under the African Growth and Opportunity Act (AGOA) is at stake as the United States threatens to review the eligibility of the country if the ongoing conflict in northern Ethiopia remains unaddressed. Mixed opinions are circulating and if Ethiopia’s removed from the preferential trade agreement. Many industrial workers…
