Tulip Inn Olympia Hotel, the second brand of Louvre Hotels Group, has opened-up shop in the capital. A 3-star hotel located around the Meskel Square area of the capital, it will complement the Golden Tulip Hotel, a five star hotel located in Bole which opened in 2016.

The fastest growing airline in Africa, Ethiopian Airlines, has earned an operating profit of USD 260 million in the 2018-2019 fiscal year that ended in June 2019.

Prime Minister Abiy Ahmed (PhD) has approved the appointments of three new vice governors for the National Bank of Ethiopia (NBE), Ethiopia’s central banking institution. However, the top picks for the positions has been met with mixed reaction from finance and economic experts.

The African Union Commission (AUC) is working on the establishment of continental energy and ICT markets in Africa.  

Economists and financial experts have called on the government of Ethiopia to seriously look at the state of the National Bank of Ethiopia (NBE) and consider restructuring it in time, while some going to the extent of reducing the central bank to an institution primarily engaged in undertaking money printing, an expression connoting the power of central banks to create money.

Control Risk Consultancy, a consulting firm headquartered in London, England, in consortium with the Oxford Economics, has placed Ethiopia at the top of the chart in Africa Risk-Reward Index, which ranks countries depending on the risks and rewards for investors there.