The government disclosed that it has a plan to boost mining sector share in the Gross Domestic Product (GDP) of the country. Mining contributes only 1% to the GDP of Ethiopia. “We’ve a plan to increase mining’s sector to 17% in ten years,” Takele Uma (Engineer), Minister of Mines said Thursday while the International Mining…
By Kaleyesus Bekele Considering the critical sugar shortage in the local market, Coca Cola Beverages Africa-Ethiopia is contemplating to buy one of the state owned sugar factories which the Ethiopian government floated for sale. Soft drink makers use sugar as the main industrial input to produce soft drinks. Though the Ethiopian government has built ten…
EthSwitch Share Company, Ethiopia’s National Switch, has commenced a project to implement a shared Security Operation Center (SOC) for the financial and payment industry. Project’s commencement was disclosed on Thursday during a program held at Inter-Luxury Hotel, organized by EthSwitch for the financial industry executives and other stakeholders. The project will be co-implemented By…
By Kaleyesus Bekele Ethiopian Airlines and Travelport International Operations Ltd today signed an agreement that would enable them to extend their partnership for the coming five years. Travelport is a UK based company that provides airlines with passenger booking and air ticket sales system. Airlines use Global Distribution System (GDS) to work with ticket agents…
Ethiopia and Japan, nations with ancient history and civilization, have long relations dating back to 1930 where the two countries signed a Treaty of Amity and Commerce. This was followed by a visit of Ethiopian Foreign Minister Heruy WeldeSillassie in 1931 to Japan to create economic cooperation. When it comes to their investment relations, Japanese…
Ethiopian Airlines has called on stakeholders to embrace e-commerce services in the logistics sector, which the world is expediting the services. “The normal Cargo is in the process of transmuting into E-Cargo system following the change in working system from international e-commerce giants such as Amazon and Alibaba,” said Mr. Girma Wake, Board Chairperson of…
Ethiopian Airlines launched a new flight to Bulawayo, Zimbabwe, via Victoria Falls starting from Sunday, 30 October 2022. Ethiopian has started four weekly flights to Bulawayo, a third destination city in Zimbabwe after Harare and Victoria Falls and a third new destination opened after the pandemic. With the addition of Bulawayo, Ethiopian global destinations…
Awash Insurance Share Company has unveiled its new logo and business motto. The logo unveiling program held on Saturday at Hilton Hotel. The new business motto of Awash Insurance reads as: “We Flow with You”. Rebranding of the logo has been done by internationally experienced institution from Kenya dubbed Brand Integrated Consulting, which is a…
Berhan Bank Share Company has garnered a gross profit of 583.4 million Birr gross profit in 2021/2022 fiscal year ended on June 30, 2022; a profit went up by 72.8% from the previous year. Previous year’s gross profit of the bank was 337.6 million Birr. Berhan Bank conducted the 13th Ordinary Shareholders’ Meeting on Thursday,…
Profit surges by 4.8mln Birr Lion insurance Company said Saturday that it has registered a gross profit of 63.9 million Birr in the fiscal year which was concluded on June 30, 2022. Lion Insurance Share Company held its 15th Annual Regular Meeting at Elilly Hotel. The profit showed 4.8 million Birr or 8.1% surge than…
