Category: Economy

French bank, Banque Populaire set to enter Ethiopia

French bank BRED Banque Populaire – part of the second-largest banking group in France – is planning to start commercial operations in Ethiopia, marking the first foray for a European bank in the country. “We are talking with Ethiopian officials…
Al Amoudi released from prison

Ethiopian-born Saudi billionaire Mohammed Hussein al-Amoudi has been released from Saudi prison. Arega Yirdaw, CEO of MIDROC, a private company that belongs to Al-Amoudi, confirmed the news to the Ethiopian state television. Al-Amoudi, 72, was detained more than 14 months…
Ethiopia participates in Spain’s largest tourism fair

Ethiopia is taking part at the international tourism fair in Madrid, the 2019 Madrid International Tourism Fair (FITUR) which opened on Wednesday. Six Ethiopian tour companies, Green Land Ethiopia, FKLM Ethiopia Tours, Ava Tours, Wondu Tours, Ethio Land Tours Operators…
French telecom giant eyes Ethiopian telecom sector

France’s formerly state-owned telecom company Orange is eyeing opportunities in Ethiopia, the company CEO,  Stéphane Richard told La Tribune Afrique, following the Ethiopian government’s announcement of its intention to liberalise the telecommunications sector. The Ethiopian government announced on June it…
Ethiopia’s tourism sector eyes French market

Company to offer tours to Massawa and the Dahlak Archipelago Three Ethiopian tour companies, Monpays Tour, Sphere, Ava Tours and the Ethiopian Airlines are participating in the International French Travel Mart (IFTM)-Top Resa, being held in Paris from September 25-28.…
Grand Renaissance Dam in deep water

 MeTEC under fire  for causing delays and extra costs Salini’s delay claim adds to GERD crisis Remaining work outsourced to Alstom & Voith The construction of the massive Grand Ethiopian Renaissance Dam (GERD) along the Nile, a project treated as…