Business News | The Abay Times

Ethiopian Airlines Launches Direct Flights to Debre Markos, Cuts Travel Time to One Hour

Ethiopian Airlines has inaugurated direct passenger service between Addis Ababa and Debre Markos, reducing travel time from a lengthy road journey to just one hour and marking a significant expansi...

May 17 · 2 min read

Ethiopian Airlines Launches Direct Flights to Debre Markos, Cuts Travel Time to One Hour

Business

Ethiopia Calls for Coordinated African Action on Debt Crisis as Continental Forum Opens in Addis Ababa

Ethiopia has called for coordinated and decisive action to address rising debt vulnerabilities across Africa as the continent's finance leaders gathered in Addis Ababa for a three-day forum on sove...

May 6 · 2 min read

Ethiopia Calls for Coordinated African Action on Debt Crisis as Continental Forum Opens in Addis Ababa

Business

Ethiopia Wins $750 Million Arbitration Case Against Turkish Railway Contractor

Ethiopia has secured a major legal victory against Turkish contractor Yapı Merkezi İnşaat, with an international tribunal rejecting $750 million of the company's nearly $1 billion compensation claim.

May 3 · 2 min read

Ethiopia Wins $750 Million Arbitration Case Against Turkish Railway Contractor

Business

EU Resumes Budget Support to Ethiopia with €140 Million After Five-Year Suspension

The European Union announced it has resumed budget support to Ethiopia after more than five years, allocating €140 million for priority sectors following the suspension of payments over human right...

Apr 20 · 2 min read

EU Resumes Budget Support to Ethiopia with €140 Million After Five-Year Suspension

Business

Ethiopia's Debt Restructuring Stalls as Bondholder Deals Fail Comparability Test

Ethiopia's debt restructuring process has hit a major roadblock as the official creditors committee rejected restructuring agreements with bondholders and commercial creditors for failing to meet c...

Apr 18 · 3 min read

Ethiopia's Debt Restructuring Stalls as Bondholder Deals Fail Comparability Test

Business

Finance Minister Calls for Accelerated Regional Corridor Financing as Ethiopia Pushes $3.8 Billion Infrastructure Agenda

Ethiopia's Finance Minister Ahmed Shide called for accelerated financing of critical regional road corridors at the 28th Ministerial Meeting of the Horn of Africa Initiative, held on the sidelines ...

Apr 18 · 2 min read

Finance Minister Calls for Accelerated Regional Corridor Financing as Ethiopia Pushes $3.8 Billion Infrastructure Agenda

Business

Ethiopia Establishes National Steering Committee for COP32 as Early Preparations Begin

Ethiopia has formally established a National Steering Committee to coordinate its preparations for hosting COP32, with Prime Minister Abiy Ahmed announcing that early groundwork for the global clim...

Apr 17 · 3 min read

Ethiopia Establishes National Steering Committee for COP32 as Early Preparations Begin

Business

Ethiopia Secures Climate Investment Funds Partnership Ahead of COP32 Summit Hosting

Ethiopia has strengthened its climate finance partnerships with the Climate Investment Funds (CIF) as the country prepares to host the COP32 Summit, following high-level talks between Finance Minis...

Apr 15 · 2 min read

Ethiopia Secures Climate Investment Funds Partnership Ahead of COP32 Summit Hosting

Business

Ethiopian Airlines Embeds Hotels into $21 Billion Airport-City Strategy at Bishoftu

Ethiopian Airlines Group is placing hospitality at the center of its $21 billion airport-city development, embedding large-scale hotel operations into its planned Bishoftu International Airport as ...

Apr 15 · 3 min read

Ethiopian Airlines Embeds Hotels into $21 Billion Airport-City Strategy at Bishoftu

Business

NBE Governor Outlines Financial Sector Overhaul at International Economic Meetings

National Bank of Ethiopia (NBE) Governor Eyob Tekalign presented the country's comprehensive financial sector reform agenda to senior international officials at the IMF-World Bank Spring Meetings, ...

Apr 15 · 3 min read

NBE Governor Outlines Financial Sector Overhaul at International Economic Meetings