100 hotels rated zero stars
Ethiopian Airlines, the fastest growing and the largest African airline, said it will start thrice weekly services to Istanbul with the latest B737-800 New Generation with Sky Interior, as of its winter schedule.
HoF to change States’ budget subsidy allocation scheme
The House of Federation (HoF) announced that the scheme used by the federal government to allocate budget subsidy is to be changed since next year.
In spite of its huge responsibility to repay more than USD two billion in foreign debts, which it borrowed for its outstanding projects, the Ethiopian Sugar Corporation (ESC) has found itself in a grave financial crisis due to its failure to complete any of its projects.
The Ethiopian Maritime Affairs Authority (EMAA) has welcomed the news that the Dubai-based giant port operator, DP World, has inked a USD 442 million deal to develop Berber Port in partnership with the Somaliland government.
South Korean president, Park Geun-hye, daughter of the most influential South Korean president to date, Park Chung-hee, is scheduled to visit Ethiopia as part of a three-country East Africa tour from May 25 to 28.