Prime Minister Meles Zenawi for the first time publicly hinted of an oil discovery in the country after one year from now while he was addressing participants of the Ethiopia Investment Forum on Wednesday, a sideline event to the 22nd World Economic Forum on Africa.

-    Dashen Bank approves loan for the projects

Marriott International and Sunshine Construction on Thursday announced a deal that will inject one billion birr into the Ethiopian economy over five years.

The international petroleum trading company, Puma Energy, has shown an interest in investing in the fuel trading business in Ethiopia. Add a comment

In three zones of the Oromia Regional State, Islamic religious leaders have gathered the followers to dwell on the current signs of religious extremism popping up in place in the region. Add a comment

The International Organisation of Migration (IOM) on Wednesday gave sanctuary to an abandoned child who was found wandering at the Addis Ababa Bole International Airport passenger terminal.

The annual publication of the IMF, World Economic Outlook, has forecasted the Eritrea economy to be the fastest growing in the Horn of Africa in 2012, registering a real GDP growth of 7.5 percent in the period. Add a comment

By Birhanu Fikade 

Nigerian president Goodluck Jonathan and Eleni Z. Gabre Madhin (PhD), Chief Executive Officer of the Ethiopian Commodity Exchange (ECX), signed a Memorandum of Understanding on how to establish a commodity exchange in Nigeria after the Ethiopian model.

Heikki Holmas, Norwegian Minister for International Development, said Wednesday climatic changes would occur and affect Ethiopia and the neighbouring countries. Add a comment