The African Development Bank has kicked off a feasibility study to explore the potential of electricity cooperative business models in Nigeria and Ethiopia.
Enat Bank has partnered with leading digital money transfer service, WorldRemit for digital money transfers to Ethiopia.
Africa media and tech investment increases as Ethiopia telecom privatization leads new wave of deals for 2019
Telecom, media and tech investment and consolidation activity in Africa is predicted to reach a record high for 2019.
Cambridge Wireless (CW), is collaborating with Regional State Government, Bahir Dar University and local delivery partners to deploy world-class connectivity infrastructure in a rapidly growing city in Ethiopia.
The World Bank Group and the German Federal Ministry for Economic Cooperation and Development (BMZ) have announced a deeper partnership for economic development in six countries in Africa.
Grand Skylight Hotel, a renowned home-grown hospitality brand in China, has successfully launched her flagship hotel in Addis Ababa, the hub city of East Africa with world-acclaimed Ethiopian Airlines.
The Director General of the Italian Ministry of Foreign Affairs and International Cooperation signed three new funding agreements of €5.8 million for projects in Mozambique, Tunisia and MENA regions.
International car manufacturer Volkswagen has signed an MoU with the Government of Ethiopia to collaborate and deliver a joint vision for the development of an automotive industry in the country.
A new analysis by Global Financial Integrity (GFI) indicate that Illicit Financial Flows (IFFs) due to trade misinvoicing, is a significant and persistent drag on 148 developing countries’ economies.
Ethiopian Airlines to restructure its entire U.S. network, increases frequency to Washington D.C. and Chicago
Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX certified 4-Star global airline, has announced that it will re-structure its U.S. network.
The United Nations Department of Economics and Social Affairs, UINDP and the Economic Commission for Africa have held a workshop aimed at enhancing Ethiopia’s policy coherence for SDGs.
Commercial Bank of Ethiopia, WorldRemit launch first international mobile money transfer service in the country
Commercial Bank of Ethiopia (CBE), has partnered with global digital money transfer service, WorldRemit, to launch its first ever international mobile money transfer service to Ethiopia.
Ethiopian Airlines and Hibret Bank have launched the first Co-branded debit card tailored to provide Ethiopian Sheba Miles members with bonus miles for their spending using the debit card.
RwandAir, the national carrier of the Republic of Rwanda has announced that it will commence flights to Addis Ababa, the capital city of Ethiopia, in April 2019.
Ethiopian Airlines has announced that it has fully implemented Self Check-in Initiative, enabling its customers to check-in using their mobile device and avoid queues at the airport.
IFC, a member of the World Bank Group, has partnered with the National Bank of Ethiopia, the country’s central bank, to expand trade and local currency financing.
IFC CEO has signed accords with the National Bank of Ethiopia (NBE) to expand trade and local currency financing as part of broad effort to support private sector in Ethiopia.
Ethiopia has launched an online investment guide, iGuide, which seeks to help investors discover opportunities in the country.
Ethiopian Airlines has inaugurated flights to Manchester, its second destination in the UK next to London.
Addis International Bank, WorldRemit target 2 million Ethiopians in diaspora with money transfer service
Global digital money transfer service WorldRemit has joined forces with Addis International Bank for digital money transfers.
Ethiopian Airlines and the European Union Delegation to Ethiopia signed a letter of intent to establish Ethio-European International Business School.
The International Centre of Insect Physiology and Ecology (icipe), Kenya, has been selected to manage the Regional Scholarship and Innovation Fund (RSIF).
The European Investment Bank has signed a new loan with the Ethiopian Ministry of Finance and Economic Cooperation boost women empowerment across the country.
Zhengzhou Yutong Bus Co., Ltd. , global bus supplier, has produced its 15,000th bus to be delivered to Africa at its factory in Zhengzhou, Henan Province.
The Board of Directors of the African Development Fund (ADF), the concessional window of AfDB, has approved resources to Ethiopia’s Basic Services Transformation Programme.
RENEW and members of the Impact Angel Network (IAN) have closed an investment in ET Fresh, LLC.
Ethiopian Cargo & Logistics Services has taken delivery of its eighth B777 freighter aircraft in its cargo fleet family at its home base at Bole International Airport.
Ethiopia has launched visa on arrival service for all African travelers as of November 1, 2018.
Ethiopian Airlines has changed the ultra-long haul route from Addis Ababa to Los Angeles to transit through Lome, Togo as of 17 December 2018 and will start a new route from Addis Ababa to Dublin via Madrid as of 15 December 2018.
Ethiopian Airlines will launch services to Moscow, Russia as of December 1, 2018.
After a prolonged period of economic stagnation and decline, African economies have experienced rapid growth over the last two decades. Poverty and malnutrition have fallen steadily during that period.
Ethiopian Airlines has announced that the airline will resume its flight to Mogadishu, Somalia, effective November 2, 2018.
ACI Worldwide a global provider of real-time electronic payment and banking solutions has announced that Commercial Bank of Ethiopia (CBE), the country’s largest commercial bank, is utilizing ACI’s UP Retail Payments solution to modernize its payments infrastructure.
Since launching on 27 March 2017, Ethiopian Airlines has firmly established itself at Norway’s main airport. Now they are enhancing their service offering between Addis Ababa and Oslo Airport.
Congo Airways’ present fleet of two Airbus A320 and two Bombardier Q400NextGen will be boosted when four more aircraft, wet leased from Ethiopian Airlines, will arrive in Kinshasa.
Ethiopian Airlines has announced the resumption of its flight to Mogadishu, Somalia, effective 2 November 2018.
Coffee producers in Ethiopia and Burundi should capitalize on growing interest in premium markets and environmental sustainability among the 500 million people globally who drink coffee every day to make the most of their inimitable beans.
Amid an unprecedented global refugee crisis, girls are suffering the most, according to a new report released on International Day of the Girl by the humanitarian organization CARE.
Ethiopian Maintenance & Engineering Services has announced that it has become the first in Africa with capability to repair the GEnx Engine, which powers the Boeing 787 aircraft.
The Chairperson of the African Union Commission, Moussa Faki Mahamat, welcomes the announcement made on 8 October by President Mulatu Teshome of a visa-on-arrival regime for all African passport holders entering the country.
Starschema Ltd., a big data company in Hungary, and PATH, a global organisation that works to accelerate health equity, have launched a software integration that will enable health workers to easily and securely access data visualizations.
Ethiopia's wheat production has consistently lagged other African nations. The Wheat Initiative raises hopes, but what happens when results don't meet expectations?
Andersen Global has announced an added presence in Africa with Tadesse Kiros Law Office, one of the largest law offices in Ethiopia.
Global travel industry technology provider Sabre Corporation has launched its industry-first Digital Airline Commercial Platform (DACP) with Ethiopian Airlines, Aeroflot and Etihad Airways on board as launch partners.
The United States Environmental Protection Agency (USEPA) has launched an initiative to strengthen air quality management in Addis Ababa.
Ethiopia currently heads the league for hotel development in East Africa, according to a regional focus from the influential annual hotel pipeline survey by Lagos-based W Hospitality Group.
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according The Institute of Chartered Accountants in England and Wales, ICAEW.
Ethiopian Airlines has partnered with CellPoint Mobile to accept payments via Alipay – China's leading alternative payment method (APM), in the mobile app of Ethiopian Airlines.
Renew, a private equity impact investing firm, has announced expansion into its second African country, Uganda.
The Director General of the United Nations Industrial Development Organization (UNIDO), LI Yong, congratulated the Government of Hunan province for its continuous efforts to promote investment in Africa under the Chinese Government’s Belt and Road Initiative.
Seeking to sustain the current wave of political and economic reforms across Ethiopia and the region, the Center for International Private Enterprise (CIPE) has opened its newest regional office in Addis Ababa, Ethiopia.
The president of the Federal Republic of Somalia Mohamed Abdullahi Farmajo is leading efforts to consolidate gains made at the Forum on China-Africa Cooperation by facilitating the prospect of a tripartite agreement.
TradeMark East Africa (TMEA) and the Government of Ethiopia have signed a Host Country Agreement (HCA) paving the way for TMEAs expansion into Ethiopia.
Ethiopian Airlines Group and Lufthansa Systems have announced the introduction of Lufthansa’s Lido/Flight 4D solution in Ethiopian’s flight planning system.
Majority of African countries are struggling to follow the lead of Asian countries in using agriculture to spark widespread economic growth because they have yet to marshal strong political support for agriculture.
East Africa Metals Inc. has received Draft Model Agreements from Ethiopia’s Ministry of Mines, Petroleum and Natural Gas for the company’s Mato Bula and Da Tambuk Projects.
Ethiopian Airlines has announced that it has commenced twice weekly freighter service to Bogota, Colombia as of August 29, 2018.
Ethiopian Airlines has announced that it has finalized agreements with the Government of Chad for the launch of Chad national carrier.
Ethiopia has launched the waste-to-energy facility, a first of its kind in Africa.
Digital money transfer service WorldRemit has teamed up with Dashen Bank for instant money transfers across Ethiopia.
Ethiopian Airlines will start a Boeing 777 freighter operation between Oslo Airport and Guagnzhou in September as it looks to capitalise on seafood volume growth between Norway and China.
The 895-km highway corridor linking Kenya and Ethiopia has not only eased cross-border traffic between the two countries, but is a major push for economic integration within Africa.
When the sun sets in Ethiopia, eight out of 10 citizens must resort to unhealthy lighting sources for basic daily activities like cooking or studying.
DHL Global Forwarding and Ethiopian Airlines have signed a new agreement to form a joint venture company – DHL-Ethiopian Airlines Logistics Services Ltd., to build the Leading Cargo Logistics provider JV company in Africa.
The board of directors of Ethiopia's lone telecom company, Ethio Telecom, appointed new CEO, Frehiwot Tamiru, replacing Andualem Admassie, who served for five years.
Ethiopian Airlines Aviation Academy has graduated 302 aviation professionals at a ceremony held at the Academy’s Commercial and Cabin Crew Training Building.
Kifle Bantayehu is an Ethiopian entrepreneur, consulting professional and policy strategist. He founded in 2016 Afrinection, a platform that closes several gaping holes in the African employment and investment market.
Aligning with Ethiopia’s Growth and Transformation Plan, GE’s Grid Solutions business has completed a $40M Electricity Transmission System Improvement turnkey project with Ethiopian Electric Power.
Ethiopian Airlines has announced that it has finalized preparations to resume daily flights to Asmara, Eritrea on 17 July 2018 with the most technologically advanced commercial aircraft, the Boeing 787.
Afrinection is a free web-based integrated professional networking, jobs, and marketing platform that aims to address the gap of networking among African professionals.
Ethiopian Airlines Group has finalized its feasibility study and signed a partnership business agreement with ACM Aerospace of Germany pursuant to the aerospace manufacturing development program it has embarked on.
General Electric (GE), the world’s premier Digital Industrial Company, has commissioned a scalable micro grid system powered by a Hybrid Distributed Power unit for Digo Village in the Oromia region of Ethiopia.
Ethiopian Airlines is proud to announce that it has taken delivery of the largest B737 MAX fleet in the Continent on July 2, 2018.
DP World is considering setting up a logistics facility in landlocked Ethiopia to handle goods from a port it is developing in the semi-autonomous region of Somaliland, according to United Arab Emirates state news agency, WAM.
Ongoing improvement in East Africa’s economic prospects is forecast by Ecobank’s research team in the newly published East Africa section of its flagship financial website, AfricaFICC.
The recent announcement of the Ethiopian government to sell share of the state monopoly Ethio Telecom includes liberalization of the sector, says Prime Minister of Ethiopia.
Ethiopian Airlines has finalized preparations to launch new flight services to Barcelona, Spain as of July 01, 2018, deploying the ultra-modern B787– 800 Dreamliner.
The Kingdom of Eswatini (formerly Swaziland) and Ethiopia have approved the environmental release of insect resistant genetically modified cotton varieties for cultivation.
Ethiopia is opening the state-owned telecommunications company and airline to foreign investors for the first time.
Ethiopia’s GDP growth will decelerate to 9.6% in fiscal year 2018, July 2017 to June 2018, down from 10.9% in fiscal year 2017, according to a new World Bank Group report.
Amref Health Africa through its WASH program is initiating a new intervention that turns plastic wastes, one of the biggest environmental challenges, to a business opportunity for youth income generating groups
The Ethiopian Immigration and Nationality Affairs Main Department in collaboration with Ethiopian Airlines has launched an e-visa service for all international visitors to Ethiopia effective June 01, 2018.
Africa boasts huge potential for social and economic development, with agribusiness poised to play a major role.
IFC, in cooperation with Ethiopian Food, Medicine and Health Care Administration and Control Authority is launching a new initiative to help Ethiopian food producers enhance their food safety management practices,
East Africa Metals Inc has filed with the Ethiopian Ministry of Mines, Petroleum, and Natural Gas, responses to comments received in relation to the Mato Bula and Da Tambuk Mining Licence Applications.
Philips and the governments of Ethiopia and the Netherlands sign seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center
Royal Philips and the governments of Ethiopia and the Netherlands today signed a seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center to address the critical shortage of cardiology services in Ethiopia.
Ethiopian Airlines announces that it will launch thrice weekly flights to Jakarta, Indonesia as of July 17, 2018. Member of the G-20, Indonesia, is the world’s 4th most populous nation and 10th largest economy in the world.
Frontier technologies are converging through the increasing use of digital platforms to produce new combinatory technologies, accelerating the pace of change across multiple sectors.
Manchester Airport has secured a landmark route into the heart of Africa, underlining its role in connecting the North to the world’s most important markets.
Technology group Voith has opened its new East Africa Hub in the Ethiopian capital Addis Ababa highlighting its active contribution to the development of electricity generation from hydropower in East Africa.
Ethiopian Railways Corporation picks Smith Detection Technology for security along the new Ethiopian-Djibouti railway route
Ethiopian Railways Corporation has selected Smiths Detection technology to safeguard people and infrastructure on the vital new railway link between Ethiopia and the port at Djibouti.
The new facility in Ethiopia will coordinate hydropower projects in nine countries in the east of the continent
Poor rainfall in parts of Africa has triggered the largest insurance pay-out to date for vulnerable farmers under an innovative climate risk management scheme known as the R4 Rural Resilience Initiative, R4.
Ethiopian Airlines and Air Côte d'Ivoire enter codeshare agreement on routes between West Africa and USA
Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX certified Four Star Global Airline and Air Côte d'Ivoire, the national flag carrier of Côte d'Ivoire, have entered into a codeshare agreement effective May, 2018.
The Agriculture Fast Track Fund supports Africa-based agri-business SMEs by financing the development costs of agriculture infrastructure projects that span the value chain from rural feeder roads to agro-processing and marketing facilities, to out-grower schemes.
The African Development Bank has signed two grant agreements to finance agri-business development projects through the Agriculture Fast Track Fund.
Ethiopian Airlines and Bombardier Commercial Aircraft concluded a firm order for 10 new Q400 aircraft on Friday, April 27, 2018. The order also includes purchase rights for 5 additional Q400 aircraft.
Eastern Africa continues to grow rapidly. As a result, the region’s average per capita income reached $740 in 2016, double the figure ten years earlier.
USAID, Technoserve and Partners in Food Solutions in new alliance to point African farmers to profitable markets
The United States Agency for International Development and the nonprofit organizations Partners in Food Solutions and TechnoServe have announced the launch of the Alliance for Inclusive and Nutritious Food Processing.
Africa Business Communities will be developing a Tech Platform on its website and is therefore looking for a freelance journalist/webmaster