Friday, December 1, 2023


Ethiopia, Russia agree on debt relief scheme

Russia provided a “debt for development” scheme for Ethiopia through which the latter can service the remaining USD 162.2 million debt it has incurred during the military regime.

Dubai firm to organize biannual business forums here

Featuring Africa for the globally competitive business opportunities and potentials, a Dubai-based firm has held the fourth Africa Business Forum in Addis Ababa where the forum is expected to be a regularly held biannual.

Ethiopian making Bangkok hub for Southeast Asia flights

Ethiopian Airlines is pushing Bangkok as a new hub to link with the Southeast Asia region, with plans to operate connecting flights to Vietnam, Singapore and Indonesia over the next 15 months.

ERCA seizes smuggled gallstones destined to China

A decisive tip-off led the Ethiopian Revenues and Customs Authority (ERCA) to seize some 20 million birr worth of animal gallstones destined to China, which the authority put up for auctioned on Thursday.
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Consta JV, Ethio-Djibouti Railway case moves from The Hague...

Lawyers for the Ethio-Djibouti Railway Company, the Chemin de Fer Djibouto-Ethiopien, have filed a petition with the Court of Cassation of the Ethiopian Federal Supreme Court seeking a review of a 20-million Euro arbitral award rendered in The Hague for what they call a fundamental error of law.

Learning from German precision

Sheldon Lee Cooper, a fictional character from the hit CBS television sitcom The Big Bang Theory, has genius level IQ, but displays an almost total lack of social skills, a weak understanding of conventional humor, and difficulty recognizing irony and sarcasm in other people.

Export earnings slide further

The embattled export earning continues to take a nose dive in the first year of the Second Growth and Transformation (GTP II), according to the nine-month performance report which is expected to be presented to the House of People’s Representatives.

China EXIM Bank to extend USD 120 million for...

Airports Enterprise hires consultant for market development study The Export-Import (EXIM) Bank of China has agreed to provide additional 120 million dollars loan for the Addis Ababa Bole International Airport passenger terminal expansion project which is under way at a cost of 345 million dollars.
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Dispute between Ministry and Auditor General goes to PM

Ahmed Abitew, Minister of Industry, has requested the intervention of Prime Minister Hailemariam Dessalegn over a lingering dispute between the Ministry and the Federal Auditor General regarding an audit finding for the fiscal year 2013/14 and the recommendations that the Ministry has been instructed to implement by the House of People’s Representatives.

Ministry to transfer Allana’s mining license to ICL

The Ministry of Mines, Petroleum and Natural Gas is in the process to transfer the mining license it granted to Allana Potash to Israel Chemicals (ICL).
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