AfDB grants $104m loan to boost Ethiopia’s power industry

(July 19, 2016, (Energy Business Review))--The African Development Bank (AfDB) has granted $104m loan to the Ethiopia government to help boost its power industry. By 2020, Ethiopia intends to increase its electrification rate to 90% to meet growing power demand in the country.

Ethiopian Airlines and Aerosud Group to form aerospace manufacturing JV in Ethiopia

(July 19, 2016, (Aerospace Technology))--Ethiopia's flag carrier Ethiopian Airlines has entered into a memorandum of understanding (MoU) with South Africa’s Aerosud Group to establish an aerospace manufacturing joint venture (JV) in the country.

Ethiopia’s world heritage sites are fueling a tourism boom as Kenya and Tanzania take a hit

(July 19, 2016, (QZ.COM))For a landlocked country without any fancy ocean-view beach resorts, Ethiopia’s tourism industry is not doing badly. Named the world’s best tourist destination of the year in 2015, Ethiopia says it post a 20.7% spike in tourism dollars last year hitting a record of $3.4 billion.