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Ethio Telecom to launch 5G services next week
Spread the NewsEthio Telecom announced that it will officially launch 5th generation (5G) services next week Monday. The company has been on trial stages of the 5G services for a year. 5G is mainly intended to be introduced to deal with the high volume of data transmission in dense urban networks in the country. Ethio…

Ethiopian to conduct B737MAX aircraft demonstration flight
Spread the NewsEthiopian Airlines will conduct a demonstration flight of B737 MAX to Kilimanjaro, Tanzania on February 1, 2022. The flight will be scheduled from Addis Abeba to Mount Kilimanjaro and it will be a five hours non-stop flight. Government officials, various stakeholders, and journalists, among others will be on board the demonstration flight. Ethiopian…

Ethiopian Airlines gets new board members
Spread the NewsEthiopian Airlines, the national flag carrier, has got new board members on Thursday. In a press conference at the headquarters of the Ethiopian Airlines it was disclosed that Teklewold Atnafu, National Bank of Ethiopia former Governor and Advisor to the Prime Minister, Temesgen Tiruneh, Director-General of the National Intelligence and Security Service, Lieutenant…

Bunna insurance registers 36.23 mln Birr profit
Spread the NewsBunna Insurance S.C. has netted 36.23 million Birr profit in the just concluded fiscal year of 2020/2021. The insurance company initially planned to generate a profit of 22.75 million Birr. Meanwhile, the insurance company has collected a premium of 335.1 million Birr in the stated fiscal year. In terms of expenses, the company…

Ministry to build gold refinery
Spread the NewsThe Ministry of Mines and Petroleum is planning to build a gold refinery plant that refines locally produced gold. Eng. Takele Uma, Minister of Mines and Petroleum, told local reporters that the ministry is holding talks with a company that would build the gold refinery plant. Takele said the gold refinery would process…

ECX trades 4.4 bln Birr worth commodities in three months
Spread the NewsThe Ethiopian Commodity Exchange (ECX) said it has traded 4.4-billion-birr worth of agricultural products in the first quarter of the current Ethiopia budget year. The total traded 51,640 metric tons of agricultural products in the first quarter of 2014 Ethiopian fiscal year includes: Coffee: 17,690 tons Sesame: 15,445 tons White beans: 3,024 tons…