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Gulf to Africa, G2A, a New Groundbreaking Cable System Between Oman, Somaliland, Puntland, and Ethiopia That Will Develop the Telecommunications in Eastern Africa Using Xtera’s Turnkey Subsea Solution
Omantel, the national operator of Oman and the leading wholesale carrier in the Middle East, today announced the signing of the supply agreement with Xtera Communications, Inc. (NASDAQ: XCOM), a…
Over 2.3 bln birr construction, expansion of airport projects well underway
Addis Ababa, February 10, 2016 (FBC) – Airport projects being built with an outlay of over 2.3 billion birr are well underway, according to Ethiopian Airports Enterprise (EAE). EAE Deputy…
Ethio-Japanese research team reveals first known 8mln-year-old ape, fossils
Addis Ababa, February 10, 2016 (FBC) –An Ethio-Japanese led international research team revealed the first known 8 million-year-old ape and other fossils in Ethiopia. The new dates and fossils strengthen…
Nervousness About Global Banking Giants Intensifies
An unsettling trend has emerged from the heavy selling that sent global markets tumbling this year: Investors are getting nervous about the world’s biggest banks. The concerns about the banks…
CBE obtains $ 2.3 bln foreign exchange in six months
Addis Ababa, February 9, 2016 (FBC) – The Commercial Bank of Ethiopia (CBE) has obtained 2.3 billion US dollars foreign exchange in the first half of this Ethiopian Fiscal Year.…
Ethiopia’s candidacy for UNSC seat emanate from its contribution on continental, global issues: Premier
Addis Ababa, February 10, 2016 (FBC) – Prime Minister Hailemariam Desalegn said African Union’s approval of Ethiopia’s candidacy for the non-permanent seat in the United Nations Security Council (UNSC) is…