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ESL eyes to boost its capital to 90 billion birr
By Muluken YewondwossenAs pressure piles for the expansion and further investment push for one of the most profitable public enterprises, the Ethiopian Shipping and...
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Djibouti’s quest for wind power comes to life
By our staff reporterDjibouti inaugurates its first ever green energy, maiden wind farm of the 60 MW Red Sea Power (RSP) that is expected...
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NBE gives the go ahead for strategic FDI’s to open offshore accounts
The National Bank of Ethiopia has enacted Offshore Account Opening and Operations for Strategic Foreign Direct Investment (FDI) Projects directive to allow certain strategic...
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ECA extends RFQ for second full telecom operator
The Ethiopian Communications Authority (ECA), extended the submission date of the Request for Qualification (RFQ) for the second new full service nationwide Telecommunications Service...
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ESL targets higher revenues as waivers cease
By Muluken YewondwossenThe state owned logistics enterprise, Ethiopian Shipping and Logistics (ESL), reveals that its revenue for the past budget year was hard pressed...
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AACRA receives its highest financial backing ever
By Muluken YewondwossenAddis Ababa City Roads Authority (AACRA) receives its highest funding injection ever from the Road Fund for the maintenance of roads this...
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Cosmo Trading saga erupts again
Charges totaling over 112 million birr filed in court
By our staff reporterCosmo Trading PLC opens another string of civil charges on prominent business individuals...
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EIH sign agreement with Japanese company for the establishment print manufacturing
Ethiopian Investment Holdings announces that it signed a shareholder’s agreement for the establishment of Toppan Gravity Ethiopia, an investment initiated to strengthen its print...
