Business
Business
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Ethiopia-Djibouti Railway achieves first profit milestone since launch, says CEO
Takele Uma, CEO of Ethiopia-Djibouti Railway S.C. (Photo: Takele Uma/social Media) Addis Abeba –Takele Uma, CEO of Ethiopia-Djibouti Railway S.C.,…
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Gov’t cracks down on fuel hoarders; tankers found ‘hiding’ in Afar region
According to the Petroleum and Energy Authority, tankers transporting fuel intended for Addis Abeba and other areas were identified over…
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Banks get more lending room as central bank loosens annual credit limit
(Photo: Michele Spatari/Bl) Addis Abeba –The central bank has eased the annual credit growth restrictions on commercial banks, enabling financial institutions…
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Fuel scarcity in Adama city sparks black market boom, price hikes
(Photo: The Reporter) Addis Abeba – Drivers in Adama City, situated in the Oromia region, are experiencing a severe and escalating fuel…
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Harari regional gov’t refutes reports of business closures over ‘corridor development levy,’ cites building code violations
(Photo: Harari Regional Government Communications/Facebook) Addis Abeba – The Harari Regional State has refuted recent reports alleging that “business establishments have…
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Chinese EV giant BYD debuts in Ethiopia with five electric models, MOENCO partnership
(Photo: MOENCO/Facebook) Addis Abeba – The Chinese car manufacturer BYD has officially entered the Ethiopian market with the introduction of five battery…
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Ethiopia’s bid to rejoin AGOA falls short, again, as US maintains suspension in latest announcement
Factory workers at Hawassa Industrial Park. Photo: Ethiopia Industrial Park Development Corporation Addis Abeba – Ethiopia’s bid to rejoin the…
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Ethiopia sees 72% surge in coffee exports, $797 million earned in five months
(Photo: FMC) Addis Abeba – The Ethiopian Coffee and Tea Authority has reported that the country generated $797 million from the export…
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World Bank’s $700 million loan targets CBE restructuring, financial overhaul of NBE and DBE
(Photo: AFP) Addis Abeba – The World Bank has approved a $700 million loan to strengthen the stability of Ethiopia’s financial…
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Benishangul-Gumuz Cabinet reclaims 50,000 sqm of underdeveloped urban land from investors, warns inactive developers
(Photo: Benishangul-Gumuz Communications) Addis Abeba – The Benishangul-Gumuz Regional State Cabinet has resolved to reclaim and transfer 50,000 square meters of…
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