Business News | The Abay Times

Ethiopia Plans to Plant 21.8 Million Hectares During Meher Season

Ethiopia's Ministry of Agriculture announced plans to cover 21.8 million hectares with seeds during the upcoming Meher farming season, the country's most critical agricultural period that produces ...

Apr 3 · 1 min read

Ethiopia Plans to Plant 21.8 Million Hectares During Meher Season

Business

MIDROC Partners with Dubai Hospitality Firm to Develop 10 Hotels Across Ethiopia

MIDROC Investment Group has signed a master agreement with The First Group Hospitality to develop and operate 10 hotel properties across Ethiopia, marking the latest international investment in the...

Apr 2 · 1 min read

MIDROC Partners with Dubai Hospitality Firm to Develop 10 Hotels Across Ethiopia

Business

Ethiopia Issues 2.66 Million Online Business Licenses in Eight Months, Exceeding Target by 10%

Ethiopia's Ministry of Trade and Regional Integration delivered 2,659,605 online trade registration and licensing services over the past eight months, surpassing its target by 10% as the country ac...

Apr 1 · 1 min read

Business

Ethiopian Airlines Resumes Middle East Flights After Weeks of Regional Conflict Disruption

Ethiopian Airlines has resumed flights to some Middle East destinations after weeks of disruption caused by regional conflict, marking a partial restoration of the carrier's crucial connectivity be...

Apr 1 · 1 min read

Ethiopian Airlines Resumes Middle East Flights After Weeks of Regional Conflict Disruption

Business

NBE Caps Insurance Company External Auditor Tenure at Six Years Maximum

The National Bank of Ethiopia (NBE) has capped external auditor tenure for insurance companies at a maximum of six years, structuring the limit as two three-year terms with mandatory competitive bi...

Mar 30 · 1 min read

NBE Caps Insurance Company External Auditor Tenure at Six Years Maximum

Business

Ethiopia Opens Special Economic Zone Banking to All Lenders in Investment Push

Ethiopia has opened banking services in Special Economic Zones to all licensed lenders, removing previous restrictions in a reform aimed at boosting investment competitiveness and improving financi...

Mar 28 · 1 min read

Ethiopia Opens Special Economic Zone Banking to All Lenders in Investment Push

Business

Ethiopia Shifts to Integrated Infrastructure Systems as Construction Industry Focus Deepens

Ethiopia is moving away from isolated construction projects toward building integrated infrastructure systems and strengthening its national construction industry for long-term development, the Min...

Mar 28 · 1 min read

Ethiopia Shifts to Integrated Infrastructure Systems as Construction Industry Focus Deepens

Business

Ethiopia Signs $13.1 Billion in Investment Deals at Addis Ababa Conference

Ethiopia signed investment agreements worth $13.1 billion at the Invest in Ethiopia conference in Addis Ababa, the government said, in a sweeping set of deals spanning renewable energy, mining, man...

Mar 27 · 2 min read

Ethiopia Signs $13.1 Billion in Investment Deals at Addis Ababa Conference

Business

Ethiopian Airlines Leases First Boeing 777 Converted Freighters to Operate in Africa

Ethiopian Airlines has agreed to lease two Boeing 777-300ER converted freighters from AerCap Holdings N.V., marking the first time this aircraft type will operate in Africa, the companies announced...

Mar 26 · 2 min read

Ethiopian Airlines Leases First Boeing 777 Converted Freighters to Operate in Africa

Business

Ethiopia Begins $48.8 Million Smart Meter Rollout to Replace Prepaid Cards With Mobile Recharging

The Ethiopian Electric Utility (EEU) is installing 500,000 smart prepaid electricity meters nationwide at a total cost of $48.8 million, a rollout designed to eliminate the prepaid card system that...

Mar 26 · 2 min read

Ethiopia Begins $48.8 Million Smart Meter Rollout to Replace Prepaid Cards With Mobile Recharging