Girma Wake Leads Uganda Airlines Into $982 Million Boeing Fleet Expansion
Uganda Airlines has signed a landmark $982 million agreement with Boeing for 10 new aircraft, marking the largest fleet investment since the national carrier...
Ethiopia’s New Vehicle Plates Roll Out With Fees of Up to 56,000 Birr
Private vehicle owners will pay up to 56,000 birr as Ethiopia launches a technology-driven vehicle identification system featuring RFID chips, QR codes, and a...
Stanbic’s Ethiopia Ambition Signals a New Phase in Africa’s Banking Race
Ethiopia’s Banking Liberalization Faces Its First Major Test
Ethiopia’s gradual opening of its banking sector is beginning to attract the kind of strategic attention policymakers...
IFC Approves $80M Loan to Upgrade Sheraton Addis and Build New Luxury Hotel
ADDIS ABABA — The International Finance Corporation (IFC) has officially finalized an $80 million long-term loan to MIDROC Ethiopia PLC. The major funding package...
Ride-Hailing Giant Yango Expands to Hawassa, Launching First Ethiopian Operation Outside Addis Ababa
HAWASSA, ETHIOPIA — Yango, the international tech company and prominent ride-hailing service provider, has officially launched its operations in Hawassa. This strategic move marks...
Ethiopia Allows Foreign Investors, Embassies to Import Own Fuel Under ‘Franco-Valuta’
The National Bank of Ethiopia (NBE) has issued a new directive permitting foreign direct investors, embassies, and international organizations to import refined petroleum using...
