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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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Corporation seeks 1.3 bln birr loan disbursement for two irrigation projects

The Ethiopian Construction Works Corporation is in discussions with the Commercial Bank of Ethiopia (CBE) through the Ministry of Finance to secure 1.3 billion...

New directive to decide factory gate prices for Edible Oil manufacturers

A new directive that will introduce a price ceiling for edible oil is in the making by the Ministry of Trade and Regional Integration. It...

Private creditor to provide one billion birr to homebuyers

Plans to charge an interest rate below 15 percent Ethiopia’s first self-proclaimed private mortgage bank, Goh Betoch Bank, announced its plans to disburse one billion...
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Central bank raises floor price for flower export

Horticulture association is concerned The National Bank of Ethiopia (NBE) has introduced a minimum net price tag for export of flowers. The central bank sent...

Geothermal project inches closer to produce electricity

Tulu Moye Geothermal, one of the first privately owned power projects in Ethiopia, is a step closer to start producing electricity. Located in the Rift...

Fuel transporters give 10 days ultimatum to boycott

Ethiopian Bulk Fuel Transport Owners' Association give ten days ultimatum to stop operation, unless government improve their profit margin.  Hundreds of the Association's members unanimously...
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Ethiopia’s dire search for alternative sources of financing

The fancy red carpet rolled out for the World Bank’s regional officials, who visited wheat farms near Adama town over the week, seems to...

Final ultimatum to POLY GCL over petroleum project delay

The company needs USD 4.2 billion for the total project development The Ministry of Mines issued a final ultimatum to the Chinese company, POLY GCL,...

Ethiopia’s forex reserve plummets to USD 1.6 bln

Covers only 1.3 months of imports Ethiopia’s foreign currency reserve fell to USD 1.6 billion, which only covers the import bill for 1.3 months, as...
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Enterprise to decide on bidders’ demand for procurement of two vessels

The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) will decide on the process of procuring two Ultramax vessels due to unusual demands of the...

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