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About 700 tons of onion that was supplied by traders in neighbouring countries, including Sudan, rejected for imports by the Ethiopian Ministry of Trade over quality issues. The supplied item was denied access from entering to the local market because of quality issues. It is a decision coincided with a shortage of onion occurring across […]

The UK-listed mining company, Kefi Minerals, suspended operations in Oromia Region over security concerns. KEFI’s flagship project is Tulu Kapi in the Oromia Region of Western Ethiopia, located approximately 360km due west of Ethiopia’s capital, Addis Ababa. Gold production is currently estimated to average 140,000 ounces per annum over the seven years of mining the

A federal grand jury in Texas, the US, charges former chief technical pilot for Boeing with deceiving the US Federal Aviation Administration during the evaluation and certification process for the 737 Max airplane over the fatal deadly plane crush in Ethiopia and Indonesia. Pilots received no training about the new system used in the 737

Defense, aviation exports of Turkey to Ethiopia reaches 51 million dollars in the first three months of this year, upped by 203,000 dollars compared to the same period last year, a report by Turkish Exports Assembly shows. Citing four sources, Reuters today reported armed drones are among defense items exported by Turkey to Ethiopia, which

Payment instrument issuers, including ethio telecom, can now involve in remittance service and partner with wire-transfer companies. This is a departure from the past where only banks and the Ethiopian Postal Service were allowed to give remittance services. The decision will enable ethio telecom and new entrants warming up to a payment instrument issuer use

East Africa’s economic powerhouse, Kenya, defaults on the 178 million dollars loan it received from the Italian Bank, Intesa San Paolo, the East African reported. A country struggling to repay huge pile of external loan, Kenya was supposed to service 78 million dollars of the debt on May 9 and another 100 million dollars on

Ethiopian Airlines named as the number one airline in Africa by Skytrax, amidst a series of allegation of using its flagship carrier to transport weapons from Addis Ababa to airports in Eritrea after the start of Ethiopia’s conflict in the Tigray region in 2020. The awards were based on over 13 million surveys collected over

The Executive Board of the IMF approves 124 million dollars in debt relief to 24 eligible low-income countries, including Ethiopia, until January 10, 2022. The move will enable the eligible countries to receive relief of their debt service falling due to the Fund through January 10, 2022. This will be the fourth time when the

The second flight of the EU Humanitarian Air Bridge to Tigray landed in Mekelle airport on October 06, 2021. It has delivered an additional 10.6 tonnes of life-saving cargo for the people affected by the conflict in Tigray, Ethiopia. About 4.4 tonnes of ready-to-use therapeutic food for severely malnourished children was delivered to UNICEF as

Ethiopia exported almost a quarter of a billion dollar worth of coffee in the last two months. Achieving 141 percent of the target, it is a record-high performance in the history of the country, where over a third of its export proceeds coming from coffee. The drought in Brazil have helped the country to register