Ethiopian Cargo & Logistics Services, Africa’s largest cargo operator, has partnered with RTS on Cargo Revenue Management and Pricing Solutions.
[Ethiopia] Bank of Abyssinia and visa launch e commerce acquiring business using cybersource payment technology
Bank of Abyssinia, BoA, has become the First Bank in Ethiopia to implement Visa CyberSource payment gateway to drive e-commerce acquiring business.
Eutelsat Communications and Strong Roots Ethiopia Broadcasting Service PLC have concluded a Master Service Agreement for a Ku capacity on a 36 MHz transponder on Eutelsat’s EUTELSAT 8 West B satellite.
Eutelsat Communications and CANAL+ have signed a multi-year, multi-transponder contract for Ku capacity on EUTELSAT 7C to support the launch by CANAL+ of a premium DTH platform in Ethiopia.
Soil degradation and nutrient depletion have been serious threats to agricultural productivity and food security in Ethiopia.
Emirates will restore services to Addis Ababa, Ethiopia from August 1. Other destinations include, Guangzhou (July 25), and Oslo (August 4), e
Radisson Hotel Group has added six new hotels to its African portfolio, bringing the total to almost 100 hotels across 32 African markets.
The French Development Agency (AFD) has signed two grant agreements amounting to €20 million in support of the culture and agriculture sectors in Ethiopia.
Ethiopian Airlines, Africa’s largest airline resumed its service to Duala and Yaoundé in Cameroon, with services being initially available three times a week on Tuesdays, Thursdays and Saturdays.
The Finnish Ministry for Foreign Affairs has granted €11.2 million to 4-year higher education partnerships to develop the capacity of distance learning at higher education institutions.
Ethiopian Airlines, Africa’s largest airline, is resuming service to Dubai further to the ending of the lock-down and its opening for leisure travelers
A funding shortfall of $158 million this year is threatening millions of people in Ethiopia who depend on food and nutrition assistance for their very survival, the United Nations World Food Programme (WFP) warns.
Smallholder farmers in Zimbabwe and Ethiopia have embraced small-scale mechanization thanks to an innovative CIMMYT-led project, which is now drawing to a close.
Ethiopian Airlines has opened up its services to business and leisure travelers with programmes aimed at safeguarding their health and safety.
The United Nations Children’s Fund (UNICEF) and World Food Programme (WFP) have launched a three-year partnership in Ethiopia to support the Government in preventing acute malnutrition in children and mothers.
The President of Dangote Group said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries where the company has its operations.
Ethiopia has taken the lead in the implementation of Climate-Resilient Green Economy to protect itself from the adverse effects of climate change.
Proparco and Ethos Mezzanine Partners have announced a $22 million investment into Turaco, a holding company managed by 54 Capital PE Advisors, which holds a portfolio of FMCG assets in Ethiopia.
The African Development Bank has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study into a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan.
AfDB's Board of Directors has approved a $1.2 million grant to Ethiopia's government to finance a feasibility study for construction of a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan.
The EU has mobilised €3 million in emergency assistance to countries in East Africa that have been hit by heavy rainfall over the past weeks, triggering devastating landslides and floods.
The World Bank approved a financing of $63 million ($31.5 million grant and $31.5 million credit) from the International Development Association to help Ethiopia prevent and respond to the threat to livelihoods posed by the desert locust outbreak.
AfDB has welcomed a decision by CTF to extend a $10 million concessional senior loan for development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.
The African Development Bank (AfDB) has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund to extend a $10 million concessional senior loan the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.
Ethiopian Airlines has introduced a mobile app and chatbot-assisted shipment tracking service to elevate cargo customers’ experience.
Linking agriculture, rural electrification in Ethiopia could unlock $4 billion for national economy, RMI
Rocky Mountain Institute (RMI) launched a new report that shows how electricity can unlock billions of dollars in new value across six agricultural processing or small business opportunities in some of Ethiopia’s most important crops.
The Food and Agriculture Organization (FAO) received a donation of $10 million from the Russian Federation to support its operations in fighting against the Desert Locust outbreak in East Africa.
Falling visibility in three major African cities reveals air pollution has increased significantly over the last 45 years, leaving citizens facing further short-term increases in man-made pollution.
African Asset Finance Company receives $30 million from share offering to expand equipment leasing contracts in Africa
African Asset Finance Company Inc. has announced the final close of a $30 million redeemable preferred share offering, led by Roha II LP. The financing was completed in two equal tranches.
Ethiopian Airlines completed the flight and delivery of the second round shipments of life saving medical supplies to fight COVID-19 donated by Jack Ma to all African countries.
Ethiopian has been deploying its massive cargo capacity to facilitate the flow of essential cargo such as medical supplies wherever they are needed, in response to the growing demand for air cargo services following the spread of COVID- 19.
Poverty reduction in Ethiopia continued despite adverse climatic conditions, with the share of the population below the national poverty line decreasing from 30% in 2010/11 to 24% in 2015/16, according to a new World Bank poverty assessment.
The African Development Bank (AfDB) approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts.
Africa’s response to the Coronavirus Disease (COVID-19) outbreak has received a major boost from Jack Ma Foundation and the Alibaba Foundation.
The World Bank approved $500 million from the International Development Association (IDA) in continued support of the Government of Ethiopia’s Homegrown Reform Agenda.
Bolloré Transport & Logistics Ethiopia, a new subsidiary, has been officially launched as part of a joint venture between Bolloré Transport & Logistics and the Ethiopian company CLS Logistics
The United Nations Volunteer Programme (UNV) and COMESA Secretariat have revived the partnership to operationalize the Youth Internship and Volunteer Project.
Ethiopian Airlines operated an all-women functioned flight to Washington DC.
IFC and the National Bank of Ethiopia hosted Ethiopia’s first National Leasing Forum to strengthen Ethiopia’s leasing industry and help it reach its estimated $1 billion potential for supporting thousands of smaller businesses.
Toshiba Energy Systems & Solutions Corporation will be supplying steam turbine and the generator for Aluto Langano Geothermal Wellhead Power System in central Ethiopia
Toyota Tsusho partners with Ethiopian Electric Power to construct small-scale geothermal power plant
Toyota Tsusho signed a contract with Ethiopian Electric Power for the construction of the Aluto Langano Wellhead Geothermal Power Plant with a capacity of 5 MW.
Bill & Melinda Gates Foundation commits $10 million to support global response on East Africa Locust invasion
The Bill & Melinda Gates Foundation announced that it is contributing $10 million to the United Nations FAO to support its work with governments in Ethiopia, Kenya, and Somalia, to combat a locust infestation in East Africa.
In response to the outbreak of desert locusts in East Africa, the United States, through the USAID, will be providing $8 million in humanitarian assistance to support regional operations to control locusts.
Africa, Middle East installed 894MW wind energy capacity in 2019, market expected to grow over 10GW by 2024, GWEC
The latest data released by the Global Wind Energy Council (GWEC) shows Africa and the Middle East installed 894MW capacity of wind power in 2019, a decrease of 7 per cent on the previous year which saw 962MW installed.
Education Cannot Wait (ECW), with the Governments of Ethiopia and Chad and implementing partners, launched two new multi-year resilience programmes in Chad and Ethiopia with US$48 million in seed funding.
Accor, a leading augmented hospitality group, is expanding its presence in Ethiopia after signing a management agreement to open a new property under its design-led economy brand, Ibis Styles.
Ethiopia's agriculture, forestry and fishing sectors, which contributed 31.1 per cent to the country's GDP in 2018, are crucial sectors as they employ two thirds of its labour force.
Orange Digital Ventures Africa announces its latest investment as it leads pre-series A round financing of Gebeya (“marketplace” in Amharic, Ethiopia’s national language).
The Africa Solidarity Trust Fund (ASTF) has donated $1 million to the Food and Agriculture Organization (FAO) of the United Nations to combat the worsening Desert Locust upsurge in the Horn of Africa.
Empower New Energy has partnered with the Norwegian Refugee Council to seek sustainable solutions for replacing fossil fuels with renewable solar energy in Ethiopia.
The Ethiopian Electric Utility (EEU) held celebrations at its primary data center located in Addis Ababa to officially inaugurate the new SAP ERP system.
Sanad and Ethiopian Airlines to launch aircraft maintenance, repair and overhaul center of excellence in Africa
Sanad Aerotech has elevated its business expansion ambitions in Africa by signing a landmark agreement with Ethiopian Airlines.
Ethiopia Electric Utility (EEU) has unveiled a new SAP ERP system to streamline its billing processes and provide increased customer service efficiency.
The UN Food and Agriculture Organization (FAO) warned that the rising numbers of Desert Locusts present an extremely alarming and unprecedented threat to food security and livelihoods in the Horn of Africa.
A new small-scale agricultural machinery leasing scheme in Amhara region, Ethiopia is offering farmers and group of farmers the opportunity to buy agricultural machineries with only 15-20 per cent advance payment.
Nigerian fintech startup Paga, poised for global expansion, has announced its acquisition of Apposit, a United States (US)-based technology company with operations in Ethiopia.
Desert Locust swarms in Ethiopia, Kenya and Somalia, already unprecedented in their size and destructive potential, could swell exponentially and spill over into more countries in East Africa.
PepsiCo, one of the world’s leading food and beverage companies has acquired majority stake in Senselet Food Processing Plc in Ethiopia from Veris Investments.
The UK has invested millions in clean energy projects across Africa, to support the continent's growing energy needs.
The UK is partnering with five African countries to mobilise private sector investment in quality, environmentally-friendly infrastructure projects, International Development Secretary Alok Sharma announces.
The Oromia Coffee Farmers Cooperative Union in Ethiopia is set to commission its first coffee roasting and packaging complex at Gelan town in Oromia Regional state.
Ministers from Egypt, Ethiopia and Sudan reached a long-awaited agreement on the operation of the Grand Ethiopian Renaissance Dam, which will represent the largest hydropower project on the continent upon completion.
The International Finance Corporation (IFC) has extend $55.9 million financing to Habesha Breweries S.C., a beverage manufacturer in Ethiopia.
The U.S. Agency for International Development (USAID) and Awash Bank have partnered to invest in microfinance institutions and small- and medium-sized agricultural businesses in Ethiopia.
Ethiopia’s agricultural sector is the bedrock of the economy, employing more than 70 percent of the workforce, accounting for more than a third of GDP, and serving as the country’s largest earner of foreign exchange.
Ethiopia and IFAD target 13 million farmers with a $305 million project to increase access to financial services
A new $305.7 million programme will help more than 13 million of Ethiopia’s most vulnerable farmers to increase and diversify their incomes, access financial services and build their resilience in rural areas.
With significant advances on restoring degraded landscapes, and new policies on soil strategies and water technology, cross-sectoral and cross-scale approaches are showing results in Ethiopia.
IFC, the private sector arm of the World Bank has called on health tech innovators from around the world to bring their solutions to the East African market to meet the needs of patients and health care providers.
Ethiopian Airlines, the Largest Aviation Group in Africa and SKYTRAX Certified Four Star Global Airline has teamed up with Abay Bank to offer additional digital payment option for buying air tickets through Ethiopian mobile app.
African tech startups this year tapped millions of dollars by taking part in and winning startup competitions - at least over $6million collectively, by Ventureburn’s calculations.
Twenty-five newly-trained young digital professionals have graduated from the first-ever SAP Young Professional Program held in Ethiopia in partnership with GIZ.
Ethiopia launched its first satellite into space on Friday, as more sub-Saharan African nations strive to develop space programmes to advance their development goals and encourage scientific innovation.
The United Nations Industrial Development Organization (UNIDO) has published a new edition of the Agro-Industry Investment Opportunities Directory: Ethiopia.
Ethiopia’s agricultural sector is the bedrock of the economy, employing more than 70% of the workforce, accounting for more than a third of GDP, and serving as the country’s largest earner of foreign exchange.
JUA Technologies International, a Purdue University-affiliated startup developing solar-powered crop-drying devices, is partnering with BrazAgro Ltd., a supplier of Brazilian farm machinery, to distribute its solar-drying tray.
The Australian Centre for International Agricultural Research (ACIAR) has launched a new project in six countries in East Africa to improve common bean varieties and provide shorter cooking time
On the occasion of her first official visit outside Europe, the new President of the European Commission, Ursula von der Leyen, announced in Addis Ababa, a significant boost to the EU's cooperation with Ethiopia.
[Ethiopia] ICIPE, Mastercard Foundation launch $55 million initiative targeting 100,000 youth along honey and silk value chains
The International Centre of Insect Physiology and Ecology (icipe) and Mastercard Foundation have launched an initiative that is targeting 100,000 Ethiopian youth along honey and silk value chains.
Ethiopian Prime Minister Abiy Ahmed and Alibaba Group founder Jack Ma witnessed the signing of three MOUs between the Ethiopian Government and Alibaba establishing an eWTP Hub in Ethiopia.
Ethiopia, China and UNIDO have agreed to further strengthen collaboration on improving the agricultural system in Ethiopia, in particular the livestock value chain development.
Half a million of Ethiopia’s most vulnerable families are set to benefit from a new $451 million project to increase their resilience to climate shocks in the country’s poorest regions.
The United States, through USAID in partnership with the Ministry of Health have announced the launch of the new USAID Digital Health Activity to continue investments in digital information solutions.
Farm Africa has launched a new project to help more than 130,000 forest coffee producers in Ethiopia’s Oromia regional state improve their livelihoods by increasing the sustainable production of high-quality coffee.
Like in many countries in sub-Saharan Africa, family members usually operate small-scale farms that are the mainstay of agricultural production in Ethiopia.
Since 2012, African Bamboo has built a vertically integrated supply chain from 10,000ha of natural bamboo forest in Ethiopia.
Ethiopia’s mining sector has potential to stimulate economic growth & poverty reduction, Economic Commission Director
Ethiopia’s mining sector has strong potential to contribute to the country’s long-term development, social progress and economic growth, according to acting Director of the Technology, Climate Change and Natural Resource Management, ECA.
Using field and mobile phone surveillance data together with forecasts for spore dispersal an international team of scientists has developed an early warning system which can predict wheat rust diseases in Ethiopia.
Horn of Africa countries launch regional initiative to forge closer economic ties, strengthen political climate
Five Horn of Africa countries have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region.
The Government of Ethiopia’s National Disaster Risk Management Commission and the United Nations WFP launched a global convening on how to provide ‘Transformative Food Assistance for Zero Hunger.’
Kenya’s telecom giant Safaricom plans to bid for one of two Ethiopian telecoms licenses in 2020 in partnership with South Africa’s Vodacom after posting a jump in first-half profit.
IFC and the Private Sector Window of the Global Agriculture and Food Security Program announced a €20 million investment in Soufflet Malt Ethiopia to help the company build and operate a malting plant in Ethiopia.
Ethiopian Airlines has launched a passenger flight to Bengaluru, India as of 27th October 2019.
Ethiopian Airlines Group has launched an innovative capacity development initiative aimed at creating local value in agricultural products.
Ethiopian Airlines has announced the resumption of its flight to Athens, Greece effective Dec 13, 2019.
Amref Health Africa and Awash Bank signed a long term partnership agreement to work jointly towards improving the health and well-being of communities in Ethiopia.
With the introduction of e-visa service back in June 2017, Ethiopia has opened its doors for foreign visitors wider than ever before.
Nokia will collaborate the Addis Ababa Science and Technology University (AASTU) and the Addis Ababa Institute of Technology (AAiT), to provide training on the latest technologies and industry trends.
Sudan and Ethiopia agreed on Friday to establish a joint oil pipeline, to serve the two countries.
AJW Group has extended its long-term relationship with Ethiopian Airlines with a contract for the maintenance and repair of parts.
Ethiopian loyalty program, ShebaMiles, has come up with a special treat to honor its Blue or Silver status members.