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Wednesday, July 24, 2024

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The Ethiopian Airlines Group has confirmed that Eritrean aviation authorities have issued a notice of suspension for all flights to Eritrea beginning September 30, 2024. The Group says it received a letter from the Eritrean Civil Aviation Authority informing it of the suspension earlier this week, but that it is...

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Auction of Akir Construction faces hiccups

The bidding process undermined by Following a freezing order placed on assets belonging to Teklebirhan Ambaye and his family, the auction of Akir Construction Plc...

Amhara bank requests operational license to launch service this month

Central bank is evaluating its readiness One of the new entrants to the banking industry, Amhara Bank, filed a request at the central bank to...

Three companies vie for Ayka Addis

Three companies are negotiating with the Development Bank of Ethiopia (DBE) to acquire Ayka Addis Textile and Investment Group, which was up for auction...
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Firm extends stadium completion date

The construction of the new Ethiopian national stadium is set to be extended due to cost overruns. The contractor, China State Construction Corporation (CCC) submitted...

Alibaba refutes Ermias Amelga’s ecommerce partnership claims

Alibaba says it has no plan to launch an ecommerce business in Ethiopia Alibaba Group, china’s tech giant, reiterated that it has no partnership agreements...

Public projects to see contract amendment for price escalation adjustment

Federal government offices will soon amend contracts signed with construction companies as a decision to allow price escalation adjustment for public projects awaits approval...
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Ethiopia considers Argentina’s sunflower as palm-oil supply shrinks

Ethiopia’s crude palm oil orders stall after Indonesia bans export Ethiopia is looking for alternative sources of edible oil, after accessing crude palm oil in...

Lada owners to face confiscation, huge duty fees

Grace period to collect semi-knocked downs cars ends this month Estimated to be over 100 million birr worth of unassembled transport vehicles, imported by owners...

Int’l Firms ‘sabotage’ fertilizer supply: officials

The government blamed sabotage by international companies for fertilizer shortage and its price hike this year. Companies, mostly Egyptian, which participated in the bidding process,...
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Gov’t resorts to using fertilizers for prioritized crops

With fertilizer in short supply, the government is resorting to prioritize its distribution based on crops' market value. By way of circumventing the problem, officials...

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