Press Release

For immediate release

Airbus announces Ethiopian deal


Ethiopian Airlines Sunday made firm its order for 12 Airbus A350 XWB aircraft, bringing total orders for the A350 XWB family to 505, Airbus announced.

Saudi Arabian delegation visiting Ethiopia


A high level Saudi Arabian business delegation is paying an official visit here with the aim of exploring investment and trade opportunities in Ethiopia, Embassy of Saudi Arabia announced.

Allana Resources Announces Closing of $2.0 Million Strategic Investment


Allana Resources is a Canadian potash company focusing on the exploration and development of a previously explored Dallol potash property in the Danakil Depression, Ethiopia. The Danakil depression had small-scale potash production in the 1920s and was extensively explored in the 1960s with nearly 300 potash drill holes. The Company has a strong management with experience in potash industry and 43-101-compliant resources of over 100 million tonnes.

Ethiopia Commodity Exchange to set up state of the art display network


Dubai, U.A.E. – ECX is partnering with a Dubai-based high-tech firm to make real time commodity price information available and accessible across Ethiopia via a network of real time LED information displays.

World Bank Provides $480 Million to Combat Food Insecurity in Ethiopia


Board of Executive Directors of the World Bank today approved a $350 million grant and a $130 million credit from the International Development Association to the Government of Ethiopia to support an innovative program that is keeping millions of families out of extreme poverty and helping them to achieve food security.

Africa registers successful results in move towards union government


Successful results have been registered in the move towards the United States of Africa, the United Nations Economic Commission for Africa (ECA) said.

MIDROC Gold is a serious partner to the nation's development


In recent days we have sadly observed some bewildering articles in some newspapers about MIDROC Gold Mine. The timing of these articles, by chance, coincides with the preparations being made to celebrate the 10th anniversary of the establishment of the MIDOC Ethiopia Technology Group companies, where part of the preparations involves the publication on the performance of each company in the Group. MIDROC Gold Mines Plc is one of the companies in the Group. In light of this and other factors related to time, it became essential to briefly present some facts about MIDROC Gold Mine. A more comprehensive publication shall be made as deemed necessary in the near future.

Addis Ababa to Host 2009 African Economic Conference


African Press Organization (APO) - Some 500 policy-makers, academics, key private sector players and representatives of non-governmental organizations are expected to attend the 4th African Economic Conference that is jointly organized by the African Development Bank (AfDB) Group and the Economic Commission for Africa (ECA) from November 11-13, 2009, in Addis Ababa, Ethiopia.

Ethiopian to launch flight to 3 African cities


The Ethiopian airlines set to launch services to three African destinations Mombassa, Conakry and Monrovia effective Oct.25, 2009.

Secrets of the Hieroglyphs Revealed - In Tigrigna and Amarigna Languages


Los Angeles, CA -- Until now, it has not been possible to accurately speak the language written in ancient Egyptian hieroglyphs. What we have known up to now about the meanings, spellings, and pronunciations of the ancient words have merely been estimates, arrived through the best attempts of 19th and 20th century Egyptologists.
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