The Somaliland Port Authority has planned to spend an additional outlay of USD 269 million for the Berbera Port container terminal, yard operations and expansion of facilities to be completed by the end of 2025.

The government of Ethiopia has decided to allow foreign companies to import basic food items including wheat, edible oil and sugar to ease the burden of souring inflation rate.

The National Bank of Ethiopia (NBE) has lifted its yearlong mandatory requirement imposed on private banks to purchase bonds from the Development Bank of Ethiopia (DBE).

Jack Ma, the co-founder and former executive chairman of Alibaba Group, is coming to Ethiopia. According to sources, he is to lead a large business delegation and will be arriving in the capital tomorrow afternoon.

One of the most prominent hotels in Bahir Dar, Grand Resort and Spa, is to be named Radisson Bahir Dar and will be fully managed by one of the most sought after international brands. This is the first time the brand has ventured outside of the capital.

The Chief Executive Officer of the United Development Finance Corporation (DFC), Adam Boehler visited Ethiopia this week and held a meeting with sections of the leadership including Prime Minister Abiy Ahmed (PhD), on how to support the slew of reform initiatives on the nation’s developmental goals.

Ethiopian Airlines recognized members of Sheba Miles, its frequent-flyer program, as it marks the 20th anniversary of the program. 

The coming of Prime Minister Abiy Ahmed (PhD) to power has been marred with critical political, economic and social pitfalls. His measures in relaxing the stifling leadership style of the ruling Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) likewise stimulated many to come out and speak.