The International Finance Corporation (IFC) has signaled its interest to partner with the Ethiopian government in investment projects of priority sectors. Ethiopian Investment Commission (EIC) management discussed with IFC Ethiopia Country director Cheick-Oumar Sylla at the headquarters of the EIC. EIC and IFC leaders agreed to strengthen ongoing collaborative works in the areas investment…
Ethiopia’s banks exhibition has kicked-off on Friday at the Friendship Square. The exhibition has been jointly organized by Dagu Communication, Sefa Trading PLC, Ministry of Foreign Affairs and Ethiopian Diaspora Agency. The event, which will take place until Sunday, January 30, has focused on #No More Black Market. The exhibition has been initiated following the…
The recently rebranded Oromia Bank and Oromia Water and Energy Resource Development Bureau signed a Memorandum of Understanding (MoU) to work on collection of payments. The agreement has been signed by Woldie Bulto, Vice President of Oromia Bank and Million Bekele (Engineer), Head of Oromia Water and Energy Resource Development Bureau. The agreement will enable…
The newly built headquarters of the Commercial Bank of Ethiopia (CBE) is to be inaugurated next week. The construction of the new HQ has been going on in the last six years. Built at a cost of over a quarter of a billion dollars, the country’s tallest building is completed. Sprawled on 150,000 square meters…
Following months of rigorous monitoring and painstaking preparation, Ethiopian Airlines has announced that it has set to return the B737 MAX back to the skies in the first week of February. The B737 MAX has undergone design modification work and rigorous recertification process which lasted for over 20 months. Accordingly, the American Federal Aviation Administration…
By Kaleyesus Bekele Ethiopian Airlines Group, the largest aviation group in Africa, and Boeing, the leading global aircraft manufacturer, have recently signed a strategic Memorandum of Understanding (MoU) that would enable them to transform Ethiopia as an aviation hub in Africa. According to the agreement, Boeing and Ethiopian agreed to work in partnership in four…
A business forum titled “The Russian – Ethiopia – Djibouti Business Forum” was held here in Moscow ON Monday, January 24th, 2022. The forum was organized by the Coordinating Committee for Economic Cooperation with Africa (AFROCOM) in collaboration with the Russian Chamber of Commerce and Industry in a hybrid form – On the platform of…
Zemen Bank Share Company is all about giving customers choices and convenience. For Zemen, banking is not limited to just branches and it sees it as “something customers do, not somewhere they go.” The Company abides strictly by the laws and regulations of the jurisdiction where it operates, and observes the guidelines and rules issued by…
Girma Seifu, Addis Abeba Investment Commissioner has warned investors and members of the Diaspora on Tuesday not to offer a bribe with an intention of getting any services from the Commission. Commissioner Girma told the investors not to make any payments to Addis Abeba Investment Commission experts to get any services they need. Girma said…
Hibret Bank Share Company has inaugurated its new 37-storey headquarters (HQ), which was constructed at a cost of 2.8 billion Birr on Saturday. The HQ which is called “Hibir Tower” is located at Senga Tera financial district. It was inaugurated with the presence of President Sahilework Zewde and Yinager Dessie (PhD), Governor of the National…
