Two Multinational Telecom Providers to Enter Ethiopian Market
Two multinational mobile companies will obtain telecom licenses to operate in Ethiopia, a senior government official announced. This is the first detailed announcement of the government’s plans for...
View ArticleInvestors From Hong Kong To Takeover Bahir Dar Industrial Park
Investors from Hong Kong will take over the Bahir Dar industrial park. Yihenew Alem, promotion and public relations director at the Amhara industry and investment bureau, said the investors will enter...
View ArticleCorporation Creates Over 50,000 Jobs In 11 Months
The Ethiopia Industrial Parks Development Corporation announced that it has created permanent employment for more than 50,000 people over the past 11 months. More than 30,000 temporary employment...
View ArticleAfrica Hotel Investment Forum 2019 to be Held in Ethiopia
2019 edition of Africa’s top hotel conference, Africa Hotel Investment Forum (AHIF), will be held in September in Addis Ababa, Ethiopia. AHIF is the premier hotel investment conference in Africa,...
View ArticleEthiopia’s New Fertilizer Plant to Help Fulfill Local Demands
Ethiopia’s Ministry of Agriculture announced that the Dire Dawa fertilizer plant in Eastern Ethiopia, which will soon go operational, will be instrumental in fulfilling Ethiopia’s increasing demand for...
View ArticleEthiopia Eyes Exporting Value Added Coffee to African Countries
Ethiopia is revising and improving laws enabling it to export value added coffee to African countries. A two-day consultative forum dubbed “Africa Coffee Consumption and Market”: held in Addis Ababa,...
View ArticleUS-Ethiopia Business Forum Opens In Addis Ababa
A US-Ethiopia business dialogue forum is currently underway in Addis Ababa at the Sheraton Addis. The forum is an engagement platform to raise awareness of Ethiopia’s recent economic reform and...
View ArticleEthiopia to Launch $2.5 Billion Geothermal Electric Project
Ethiopia, the east African nation currently facing severe energy shortage, is set to begin implementation of a new 520 MW geothermal electric power project. The Tulu Moye Geothermal project will be...
View ArticleKunshan Investors To Build Industrial Park In Dire Dawa With Over Half A...
Investors from Kunshan, a city in Jiangsu province of China, are set to build an industrial park dedicated to textile production in the city of Dire Dawa with over half a billion US dollars. A...
View ArticleVasari Beverages Raises $100m Capital to Expand in Ethiopia
Vasari Beverages has raised $100m capital to expand its existing operations in Ethiopia. The funding will be used to enhance the production capacity of its Rorank Business in Ethiopia. Pan-African...
View ArticleNew Lease Financier to Join Business
Girma Wake, the former CEO of Ethiopian Airlines, along with eight foreign companies and individuals is forming the sixth lease financing company in the country. Ethio Lease Ethiopian Capital Goods...
View ArticleKenya-Ethiopia Banking on Lapsset to Promote Trade
Lapsset is Eastern Africa’s largest and ambitious infrastructure project that brings together Kenya, Ethiopia and South Sudan, and seeks to connect Nairobi to Addis Ababa. In Summary • This emerged at...
View ArticleEthiopia’s decision to Produce GM Cotton Challenges Competitors like Kenya
Ethiopia’s decision to produce genetically modified cotton has enhanced its rivalry with countries like Kenya. The Government of Ethiopia hopes that the commencement of the production of GM cotton will...
View ArticleOCP Progresses with its Nearly USD 4 bln Fertilizer Plant in Ethiopia
The OCP Group, the Moroccan fertilizer giant, is progressing well with its planned multi-billion-dollar fertilizer plant in Ethiopia. The company which entered Ethiopia in full force last year has...
View ArticleChinese Company to Invest in Solar Power Equipment
President Mulatu Teshome holds talks with Chinese Chairman of Chinese National Building Material Co. Ltd (CNBM) Song Zhiping about projects of investment in building materials and solar power...
View ArticleSheba Leather Puts Export Back on Track
The company generated 83,000 dollars after it resumed operations Sheba Leather Industries, one of 16 companies under the conglomerate of Endowment Fund for Rehabilitation of Tigray, has resumed...
View ArticlePhanes Group Kicks Off Solar Incubator Program for Africa
Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2nd edition of its Solar Incubator program. The Program is aimed at identifying photovoltaic (PV)...
View ArticleET Rolls Out New Packages for Transiting Passengers
After Prime Minister Abiy Ahmed (PhD) mentioned that Ethiopian Airlines (ET) will launch stopover tourism packages for its customers, the airline group started its package. The PM stated that the...
View ArticleEritrea Hopes to Claim Stake in Tourism
For many years Eritrea and Tourism would rarely go hand in hand but things are about to change. Bordered by Sudan, Ethiopia and Djibouti, Eritrea occupies a strategic area in the Horn of Africa with...
View ArticleDjibouti Jumps 44 Places in World Bank Rankings
Djibouti has moved 44 places in the World Bank Logistics Performance Index (LPI) in just two years after investing heavily in its infrastructure. The East African state has jumped from 154th in 2014...
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