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Ethiopian parliament has declared three days of national mourning following a deadly landslide in the South Region of Gofa that has killed over 200 people and left hundreds more missing. The landslide occurred on Sunday and Monday in the villages of Kencho and Shacha locality of Gezidi Gofa district in the Gofa Zone. Heavy rains […]

Eritrea has suspended all flights operated by Ethiopian Airlines to the country over allegations of persistent unfair practices, the Eritrean Civil Aviation Authority announced in a statement published in state-owned newspaper Hadas Eritrea on Thursday. The Authority accused Ethiopian Airlines of “consistent and malicious trading practices” including systematic luggage theft, damage and loss without compensation

Ethiopian Airlines has taken over the management of Gorgora Resort under its Ethiopian Skylight Hotel brand, the state-owned carrier said on Wednesday. The agreement was signed in a ceremony at Ethiopian Skylight Hotel in the presence of Amhara Regional State President Arega Kebede and senior regional officials, as well as Ethiopian Airlines Chief Commercial Officer

The national palace project, which Prime Minister Abiy is directing, might cost up to $9 billion, according to official sources. His most recent appearance before the parliament indicated that the palace construction could cost up to 400 billion birr. To put it into perspective, that is around nine billion dollars. The national palace, dubbed the

Afreximbank will provide US$ 800 million in financing for the construction of 100 dams in Kenya, doubling the irrigated area. Kenya intends to double its irrigation field area from 670,000 acres to 1.4 million acres over the next three years. This is intended to increase food production while reducing the country’s dependency on rain-fed agriculture.

The IMF has revised its outlook for the world economy for 2023 and believes that the worst is yet to come for the economy, which is slowing due to high prices, the repercussions of Russia’s war in Ukraine, and the pandemic’s lasting effects. The Fund projects that global growth would drop to 2.7 percent in

Remittance inflow to Ethiopia totaled 5.6 billion dollars during the last fiscal year, said President Sahlework Zewde said while delivering maiden address during the opening of the parliament. The figure is 700 million dollars higher than what was generated from the same source a year before. It is also much higher than the four billion

Dawit Lemma is the Founder and CEO of Krimson Aviation, an aviation services company based in Ethiopia and Malta, becomes the deputy president of the African Business Aviation Association (AfBAA). Dawit has a degree in Aeronautical Engineering and Flight Technical from Purdue University, USA, and an MSc in Aviation Management and Marketing from Basel Business

Taxi hailing service providers are facing a business slowdown due to a surge in price of fuel, a situation which forced them to review fare. Cabs operating under taxi hailing companies were charging 60 birr an initial price, on top of 10 birr per kilometre. However, with an increase in cost of fuel by more

Turkish-owned company signed a deal with the Ministry of Mines to begin exploration of natural gas in Ethiopia. Çalık Holding has signed a memorandum of understanding as a first step to invest in Ethiopia, where it pledged to engage in the development of fertilizer plant and gold production. “Today, we have signed three MOUs with