Thursday, April 18, 2024
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Multimodal operations draw seven bids as industry opens up

By Muluken YewondwossenSeven possible participants get drawn to the much awaited deregulation of multimodal operations, Capital’s sources reveal. According to sources there are surprise fresh faces in the bid...

Ministry of Finance expresses commitment to swift agreement with bondholders, emphasizes transparency and fair treatment

On its Global Investor Call the Ministry of Finance (MoF) expressed its strong desire to reach an agreement swiftly with Ethiopia's bondholders and restore...

Ethiopian Airlines (ET) announced a 55% increase in profits compared with the same time the previous year

In the first quarter of the budget year, Ethiopian Airlines (ET), the continent's largest airline, announced a 55% increase in profits compared with the...

Logisticians, Industrialists await parliament’s verdict on maiden trade zone

The Industrial Parks Development Corporation (IPDC) projects that the new under-ratification proclamation will increase the pipeline of commerce and logistics activities in the now...

Fifty eight exporters to face the long arm of the law

By Muluken YewondwossenThe Ethiopian Coffee and Tea Authority (ECTA) has demanded stringent measures be taken against 58 exporters for failing to export coffee and...

Omo Bank appoints Abraham Alero to steer its ship

By Muluken YewondwossenThe financial sector supervisory body, National Bank of Ethiopia (NBE), approves the appointment of Abraham Alero as the founding president of Omo...