Ethiopian Airlines finishes a disappointing 7th best airline in Africa

Ethiopian airlines was ranked the 7th best airline in Africa by the World Airline Awards, at the 2012 World Airline Awards held at Farnborough Air Show. It was a very disappointing finish... Read more »
ethiopian civil aviation

Ethiopia to Build New International Airport

Ethiopia is to build a new international airport between Meki and Modjo roads to address the growth of air traffic at Bole International Airport, Addis Ababa. The Ethiopian Airport Enterprise is conducting... Read more »

Ethiopia inflation falls for fourth month in row

ADDIS ABABA (Reuters) – Ethiopia’s year-on-year inflation fell for the forth consecutive month to 20.9 percent in June from 25.5 percent a month before due to slowing food prices, the statistics office... Read more »

Ethiopia inflation drops to 25.5 pct in May

ADDIS ABABA (Reuters) – Ethiopia’s annual inflation rate fell for the third straight month in May to 25.5 percent from 29.8 percent in the previous month, thanks to a drop in food... Read more »

Ethiopia Faces Increased Hunger After Late Rains Damaged Crops

Bloomberg: Ethiopia faces more hunger after late rains caused crop damage in the south, the United Nations said. The harvest is “below normal to near total failure,” the UN’s World Food Programme... Read more »
Ethiopian gold

Saudi Billionaire Al-Amoudi’s Ethiopia Gold Mine Has 128 Tons Ready

National Mining Corp., a closely held company majority-owned by Saudi billionaire Mohammed al-Amoudi, said it has 128 tons of gold ready to be mined at its Okote project in south Ethiopia. “With... Read more »
amnesty international

Amnesty Warns Ethiopia, Rwanda Not to Trade Human Rights for Economic Growth

NAIROBI – Amnesty International is concerned that Rwanda and Ethiopia are overlooking their commitments to human rights for the sake of economic growth. A new report from the human rights group says... Read more »

Ethiopian Airlines ignores turbulence to focus on growth

IGNORING the furious winds buffeting the global aviation industry, 66-year-old Ethiopian Airlines is investing more than $2,6bn to ensure it capitalises on its location and the ever-increasing interest in Africa from emerging-market... Read more »

Schulze Global Starts $100 Million Equity Fund for Ethiopia (Video)

Bloomberg: Ethiopia’s first private-equity fund will see investments of $100 million in the Horn of Africa nation, said Gabriel Schulze, chief executive officer of Beijing-based Schulze Global Investments, which is managing the... Read more »

Ethiopia Makes 4 Million Hectares of Land Available to Investors

Ethiopia has made more than 4 million hectares (9.9 million acres) of “fertile and unutilized” land available for agriculture companies that meet government requirements, Prime Minister Meles Zenawi said. About 300,000 hectares... Read more »