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MoT to sue ALLE Bejimla, ECX officials over alleged power abuse

Export revenue falls six percent short of forecast The Ministry of Trade (MoT) has disclosed that it has gathered evidences and is going to charge officials and officers in three government institutions engaged in domestic and export trade, all of whom are under its supervision.

Korean textile giant YOUNGONE comes in full force

YOUNGONE Corporation, a South Korean textile group with overseas production plants in Bangladesh, Vietnam and El Salvador and with an export revenue from its Bangladesh plant alone nearing one billion dollars, has entered the Ethiopia market by leasing a factory shade in Bole Lemi Industrial Zone, it was learnt.

Ethiopian to start flights to Istanbul

Ethiopian Airlines, the fastest growing and the largest African airline, said it will start thrice weekly services to Istanbul with the latest B737-800 New Generation with Sky Interior, as of its winter schedule.

Tourism sector achieves below targets, amasses USD 2.7 bln

100 hotels rated zero stars In the concluded nine months of the current Ethiopian fiscal year, the tourism sector has enabled the country to generate a sum of USD 2.7 billion in revenue from 712,111 visitors which is found to be below the target set for the period.