* Entry of drinks firms helping to transform business landscape * Competition has driven down beer prices, improved supply * Government keeps foreigners away from telecoms, banks By Aaron Maasho and Edmund Blair ADDIS ABABA, April 1 (Reuters) – International brewers are helping transform Ethiopia’s business landscape as it slowly sells the assets of the
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Press Release Ethiopian Airlines, the largest in Africa, is pleased to announce the commencement of mobile payment for online ticket purchase in Ethiopia. The option was made possible with the cooperation of the Commercial Bank of Ethiopia (CBE) and Flocash, an integration system provider. Ethiopian has already implemented, since last year, the mobile payment option
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By William Davison (Bloomberg) — Ethiopia will develop a secondary market in government and corporate bonds next fiscal year to expand the country’s fundraising options, a central bank official said. The National Bank of Ethiopia will create the market in the year ending July 7, 2016, Yohannes Ayalew, vice governor of monetary stability, said
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By William Davison (Bloomberg) — Ethiopian Airlines Enterprise, East Africa’s biggest carrier by revenue, is considering proposals to help set up national airlines in Nigeria and three other countries to expand its operations on the continent. The state-owned company, which has stakes in Malawian Airlines and ASKY Airlines of Togo, has been approached by
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Nevsun Provides Further Update on Operations Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT: NSU) (Nevsun or the Company) reports that the repairs to the mechanical issue with the ball mill, previously reported on March 13, 2015, are ongoing and the Bisha plant remains on-track for re-start later this week. While there was an act of vandalism
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This Week on the Frontiers: Ethiopia’s Appeal Grows By DAN KEELER Ethiopia has been generating a great deal of interest from potential investors. At a PAN Africa Network event in New York this week, panelist John Saunders said U.S. investors on a recent African tour singled out Ethiopia as a country that has positive fundamentals
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The Guardian What happens when it’s not just a lack of physical banks preventing communities’ access to financial services, but ethical issues too? Rural Ethiopia has a 125,000:1 person-to-bank branch ratio. Photograph: Mercy Corps Karri Goeldner Byrne and Thea Anderson Islam is the world’s second largest religion with more than 1.5 billion followers, making up
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The Guardian What happens when it’s not just a lack of physical banks preventing communities’ access to financial services, but ethical issues too? Rural Ethiopia has a 125,000:1 person-to-bank branch ratio. Photograph: Mercy Corps Karri Goeldner Byrne and Thea Anderson Islam is the world’s second largest religion with more than 1.5 billion followers, making up
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ADDIS ABABA (BERNAMA-NNN-ENA) — The Ethiopian government is striving to provide affordable, reliable and secure energy for the society which it deems essential in building a modern economy, says Water, Irrigation and Energy Minister Alemayehu Tegenu. The energy sector in the country is currently experiencing rapid technological progress, something which had been difficult to consider
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Ethiopian has already become the largest airline in Africa based on fleet size that pledges the flagship carrier to expand its network in 2015, enabling it to widen the gap with other leading African carriers. Ethiopian currently has orders for ‘next generation’ aircraft including 20-30 737 MAX 8s, 14 A350s, three 737-800s, two 787-8s, two
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