Business News




Petroleum Exploration, Extraction in Ethiopia and the Law

Ethiopia will begin extracting oil and natural gas soon. This news made Ethiopians to except bright future for the country and raised expectations. At this juncture, it is relevant to take a closer look at what the law says about oil extraction and exploration.



Ethiopian Airlines earns 6.87 billion birr net profit for 2018 / 17 fiscal year

Ethiopian Airlines (ET) has announced a USD 233 million or 6.87 billion birr net profit in the 2017/18 budget year, a significant growth in terms of birr.  When reviewing the annual performance report Tewolde Gebremariam, CEO of the Ethiopian Airlines Group, and his team stated that the airlines registered massive achievements in the past budget year by transporting over 10 million passengers.

Simegnew Bekele, Manager of GERD found dead

Simegnew Bekele (Eng.), the general manager of the Grand Ethiopian Renaissance Dam (GERD) project, which it being built on the Nile River, has been found dead in his vehicle in Addis Ababa’s Meskel Square this morning.

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