Category: Economy
Ethiopian-born Saudi billionaire Mohammed Hussein al-Amoudi has been released from Saudi prison. Arega Yirdaw, CEO of MIDROC, a private company that belongs to Al-Amoudi, confirmed the news to the Ethiopian state television. Al-Amoudi, 72, was detained more than 14 months…
Ethiopia is taking part at the international tourism fair in Madrid, the 2019 Madrid International Tourism Fair (FITUR) which opened on Wednesday. Six Ethiopian tour companies, Green Land Ethiopia, FKLM Ethiopia Tours, Ava Tours, Wondu Tours, Ethio Land Tours Operators…
A surge in tourist arrivals in the northern, southern and eastern major attractions The Denakil Depression saw decline as Erta Ale volcano activity has subsided Ethiopia’s tourist spots are seeing a surge in the pace of new visitors, according to…
France’s formerly state-owned telecom company Orange is eyeing opportunities in Ethiopia, the company CEO, Stéphane Richard told La Tribune Afrique, following the Ethiopian government’s announcement of its intention to liberalise the telecommunications sector. The Ethiopian government announced on June it…
MeTEC under fire for causing delays and extra costs Salini’s delay claim adds to GERD crisis Remaining work outsourced to Alstom & Voith The construction of the massive Grand Ethiopian Renaissance Dam (GERD) along the Nile, a project treated as…
Abiy will have a one-on-one dialogue with the Chinese President Xi Jinping Expert advices the Premier use the opportunity to pursue alliance & attract more private Chinese investment. Ethiopian Prime Minister Abiy Ahmed will embark on his first trip…
Djibouti and Ethiopia have brokered a deal to develop and operate a port during Prime Minister Abiy Ahmed’s visit to Djibouti, state media disclosed. Abiy ended 48-hour stay in Djibouti on Sunday, participating in talks on security, trade and improving…
An agricultural investor in Gambella was arrested for protesting the invasion and occupation of his farm land by refugees arriving from South Sudan, fleeing conflict. Adege Nigussie has been growing cotton and oil foods in Gambella’s Itang zone since 2010…
The prosecutor of the Federal Attorney General has decided not to proceed against owner of Satcon construction firm, Samuel Teklay, a suspect in the much touted anti-corruption campaign launched few months ago. With the decision to drop the case, the…
Responding to damning reports of the Ethiopian House of People’s Representatives last Wednesday, Kinfe Dagnew, head of the state-owned Metal and Engineering Corporation (METEC), also a military general, spent much of his time on the defensive. His corporation ventures in…