Are you interested in keeping up with the latest business news in Ethiopia? Look no further than these top 5 business news stories from this week.
1. Ethiopia signs agreement with Chinese construction firm for Belt and Road project
The Ethiopian government has signed an agreement with Chinese construction firm, CITIC Construction, as part of the Belt and Road Initiative. The deal is worth $1.8 billion and aims to improve the infrastructure in Ethiopia, creating more economic opportunities for its citizens.
2. Ethiopian Airlines launches direct flights to Los Angeles
As part of the airline’s expansion plan, Ethiopian Airlines has launched direct flights to Los Angeles from Addis Ababa. The airline now operates flights to over 120 destinations, becoming the largest aviation group in Africa.
3. Ethiopia secures $100 million loan from the World Bank for land administration
The World Bank has approved a $100 million loan to Ethiopia to improve the country’s land administration system. The loan will help Ethiopia digitize its land registration process, making it easier for citizens to register, transfer and sell their properties.
4. Ethiopia begins exporting flowers directly to China
As part of Ethiopia’s growing export industry, the country has begun exporting flowers directly to China. This move is expected to create more job opportunities for Ethiopians and increase export revenues.
5. Kenya and Ethiopia sign agreement to improve cross-border trade
Kenya and Ethiopia have signed an agreement to improve cross-border trade, including the simplification of customs procedures and the construction of additional border points. This agreement aims to boost trade between both countries and improve economic cooperation.
With these top 5 business news stories, you can stay informed about the latest developments in Ethiopia. As the country continues to grow and expand, these news stories provide insights into the exciting opportunities and challenges faced by the Ethiopian business community.
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