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Trade week to showcase China’s influence

Set to showcase and complement the growing influence of China within the country, the 3rd China Trade Week (CTW) is set to be launched in Addis Ababa inside the Millennium Hall. The three-day event is set to highlight and promote the work of Chinese producers and manufacturers looking to do business in Ethiopia.

Boeing concedes after preliminary crash report

The world’s largest aircraft manufacturer and Ethiopian Airlines long-term partner, Boeing, which has been facing backlash and a hit on its reputation and business throughout the world, has finally conceded and took responsibility for the most recent accident of B737 Max jet in Ethiopia that killed 157 people last month.

EEP exits electric power generation sector

The Ethiopian Electric Power (EEP) has made it public this week that it is formally ceasingits power generation operation and will focus on the management of the existing plants, transmissions linens and substations.

Pilots of doomed ET plane qualified: report

The preliminary report into the crash of Ethiopian Airlines operated Boeing 737 MAX 8 flight number ET 302 indicated that the pilots followed the proper procedures required by Boeing and the Federal Aviation Authority of the United States to control the doomed plane. The pilots, as well as, the plane had the proper certification, it was announced.

Amhara Savingto go into mainstream Banking

Amhara Credit & Saving Institution (ACSI), a giant microfinance institution active in the Amhara Regional State, has requested the National Bank of Ethiopia (NBE)to be given a green light to transform into a full-fledged banking institution, The Reporter has learnt.