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COVID-19 costs Ethiopian USD 190 mln

Africa’s largest carrier, Ethiopian Airlines, has lost USD 190 million revenue in just two months’ time due to the flight disruptions in connection with the COVID-19 outbreak throughout the world.  

Dashen, United SC waive service fees

One of Ethiopia’s leading private banks, Dashen Bank, is set to waive fees on a number of services in-light of the global coronavirus outbreak that has impacted thousands of people across the globe.

TMGO kicks off power project

Tulu Moye Geothermal Operations (TMGO), a USD 800 million project, has started its drilling in Tulu Moye, located in Arsi Zone of Oromia Region. This is to be a long term project, due to be completed by 2025 and generate 150 MW, which will be added to the Ethiopian Electricity Grid base-load needs.