staff writer

Ethiopian Airlines flight ET106/18 today had a runway excursion after landing at Mekelle Alula Aba Nega International Airport in northern Ethiopia. The flight, which originated from Addis Ababa at 12:30 local time, touched down at Mekelle airport at 14:10 local time. However, upon landing, the aircraft continued rolling and exited the runway surface. In a […]

In a major escalation of regional tensions, Somali authorities decided to refuse entry to an Ethiopian Airlines flight on Wednesday. The flight was carrying a delegation whose purpose was to introduce a high-ranking Ethiopian leader to Somaliland. This incident further complicates the already strained relationship between Somalia and its eastern neighbor. The Somali Civil Aviation

The National Bank of Ethiopia (NBE) have launched an ambitious project to modernize Ethiopia’s securities infrastructure with the implementation of a Central Securities Depository (CSD). NBE has contracted Montran, a US-based financial technology solutions provider, to assist the regulatory body design and build the new CSD system. A Central Securities Depository acts as the official

Pepsi products have made a return to store shelves in Ethiopia after facing a four-month closure due to severe foreign exchange shortages. The situation has now taken a positive turn for local Pepsi producer Moha Soft Drinks. Residents of Addis Ababa can once again find a wide range of Moha Soft Drinks products, including the

Ethiopia has become Kenya’s largest source of electricity imports, supplanting Uganda in a major shift for the region’s cross-border power trade. According to figures released by the Kenya National Bureau of Statistics, the country imported over 706 million kilowatt-hours of electricity from neighboring nations between January and November 2023. The bulk of these imports –

Beijing has waded into the territorial tensions between Somalia and Ethiopia over a strategic port deal. In a statement, China voiced support for Somalia’s sovereignty and territorial integrity. Speaking at a press briefing, Foreign Ministry spokesperson Mao Ning emphasized Somalia’s sovereign claim over the breakaway region of Somaliland. She said “China upholds the UN Charter’s

Zemen Bank has taken an important pioneering step by becoming the first financial institution to invest in the Ethiopian Securities Exchange (ESX). In a landmark deal finalized today, Zemen Bank purchased a stake worth 47.5 million birr in the bourse. The agreement sees Zemen Bank acquire approximately a 5% shareholding in ESX. This meets the

In a distressing turn of events, the Babile Elephant Sanctuary, a vital haven for elephants in Ethiopia, has lost a staggering 200,000 hectares of its land. Regional authorities have made the land available for investors, sparking concerns about the future of the sanctuary and the lives of its resident elephants. Situated between the Oromia and