This Fiscal year proved to be a success story for Ethiopian Airlines

This Fiscal year proved to be a success story for Ethiopian Airlines

borkena August 11,2018 Ethiopian Airlines CEO, Tewolde Gebremariam, calls this fiscal year 2017/18 “an exceptional year for Ethiopia.” And he explained it why it was so. With 43 percent growth in operating revenue, the airline has certainly pushed further the borders of its performance history. The success, according to Tewolde, is rather a well rounded […]

Eritrean Airlines commenced commercial flights to Ethiopia

Eritrean Airlines commenced commercial flights to Ethiopia

borkena August 4,2018 Eritrean Airlines started commercial flights to Ethiopia. Eritrean passenger’s plane touched down at Bole International Airport in Addis Ababa for the first time in more than twenty years. Eritrean transport and tourism ministers,and head of the Airline were on board of the flight, according to Ethiopian State media report. Deputy minister in […]

Commercial Bank of Ethiopia handling up to US $6 million in Forex exchange daily

Commercial Bank of Ethiopia handling up to US $6 million in Forex exchange daily

borkena July 24, 2018 Commercial Bank of Ethiopia says daily forex exchange has shown improvement in recent days. The rise in forex exchange, claim authorities in the bank, happened following Prime minister Abiy Ahmed’s call for Ethiopians to avoid exchange foreign currencies in the black market and rather take it to their nearest branch of […]

St. George Football club to sell shares for fans

St. George Football club to sell shares for fans

borkena June 20,2018 Owners of the oldest football club in Ethiopia, St. George, are putting majority of shares up for sale. And the process is expected to be finalized by August of this year, according to a report by Financial Times. Zemedeneh Nigatu, chairman of Fairfax Africa who is also consulting the privatization of the […]