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Category: Business

Ethiopian Airlines Honored with Prestigious US President’s Lifetime Achievement Award

August 8, 2024Webdesk

Addis Ababa: Ethiopian Airlines has received the US President’s Lifetime Achievement Award as it celebrates 25 years of services to the US, according to a statement issued by the Ethiopian Airlines Group (Ethiopian).

The award, signed by the US Presi…

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Moroccan Ambassador Urges African Nations to Realize AfCFTA Agreement

August 7, 2024Webdesk

Addis Ababa: African countries must work hand in hand to realize the African Continental Free Trade Area (AfCFTA) as it is a very important agreement that enables African countries to deal without customs, administrative, and bureaucratic constraints,…

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Special FX Auction Concludes with Average Rate of 107.9 Birr Per USD

August 7, 2024Webdesk

Addis Ababa: The National Bank of Ethiopia (NBE) announced that it has concluded the Special Foreign Exchange Auction held today with a weighted average rate of Birr 107.9 per USD.

In its statement, the central bank said the auction saw the participa…

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Ethiopian Securities Exchange to Commence Operation Coming October

August 7, 2024Webdesk

Addis Ababa: The Ethiopian Securities Exchange (ESX) will commence its operation in October 2024, ESX Director-General Tilahun Kassahun told the Ethiopian News Agency.

He said that preparations, including collecting finances, have been carried out to…

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Macroeconomic Reform Ushers in Competitive Investment Opportunity: Indian Investor

August 7, 2024Webdesk

Addis Ababa: The Macroeconomic reform policy which Ethiopia has embarked on has created great opportunity for competitive investment in the country, Indian investor Mayur Kothari said.

Speaking to ENA, Chairperson of Indian Mohan Group PLC in Ethiopi…

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Construction Progress of Housing for Vulnerable Communities Exemplifies Shift in Work Culture

August 6, 2024Webdesk

This year’s construction progress of housing scheme for the elderly and economically vulnerable communities around Aware area in Addis Ababa exemplifies a shift in work culture, merging quality with speed, Prime Minister Abiy Ahmed stated in social m…

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