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Hahu Daily Business News

Mass deposit of Sapphire mineral discovered in Northern Ethiopia

Mass deposit of the rare precious mineral Sapphire discovered in Tigray regional state, Ethiopia. According to the International Coloured Gemstone Association,a huge sapphire has been found in northern Ethiopia. Blue Sapphire is the most expensive mineral next to diamond which is now found in northern Ethiopia ,mainly in Tanqa Abergele …

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The effect of Donald Trump’s travel ban on Ethiopian Airlines

Ethiopian Airlines, a state-owned operator, said it is performing well financially despite recent travel ban complications by the US President, Donald Trump. Ethiopian Airlines CEO, Tewolde Gebremariam,  said on Tuesday that Trump’s order halting immigration from 7 states created confusion for passengers but had little impact on operations. The order of …

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Premier appoints Getahun Nanna as head of Development Bank of Ethiopia

Ethiopia’s Prime Minister Hailemariam Desalegn has appointed Getahun Nanna President of the Development Bank of Ethiopia (DBE). Today, 30th Nov 2016, Development Bank of Ethiopia posted on Facebook; “Getahun Nanna, Vice Governor Financial Institutions Supervision Cluster of the National Bank has been appointed to lead the Development Bank of Ethiopia …

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Ethiopia’s Minister says Grand Renaissance Dam 70% complete

Ethiopia’s government communication affairs office Minister, Getachew Reda, said that his country completed 70 percent of construction of the hydropower Renaissance Dam. Asked about differences on the construction of the Renaissance Dam, Reda said: “Sudan, Ethiopia and Egypt have agreed on the technical committees. Furthermore, we haven’t promised to stop …

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