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Ethiopian Electric Power gets new boss

The Board of Directors of Ethiopian Electric Power has appointed Ashebir Balcha, executive officer, power generation construction, as chief executive officer replacing Abraham Belay (PhD) who became Minister of Innovation and Technology.

Ethiopia secures USD 2.9 bln in credits

During the first half of the current Ethiopian fiscal year, Ethiopia has secured USD 2.9 billion birr in the form of new loans and credits from its foreign development partners, the Ministry of Finance announced this week.

Paradise Lodge sets foot in Kenya

Omotic General Trading Plc., the owner of Paradise Lodge in Arba Minch and in Turmi, is set to open yet another of its signature lodge in Maasi Mara, Kenya after acquiring a land from its local government.

Ethiopian steps up passenger screening at Bole airport

Following the outbreak of the fatal Novel Coronavirus – now renamed COVID-19 by the World Health Organization (WHO) – Ethiopian Airlines announced that it has stepped up passenger screening and aircraft disinfection process at the Addis Ababa Bole International Airport.

Burger King to join Ethiopian market

Burger King, an American giant multinational fast food chain restaurant, with a dwindling market share in an ever health conscious and competitive American food market, has teamed up with Belayab Foods Production, owner of Pizza Hut chain restaurants for its operations in Ethiopia.