Kenya-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 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 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 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 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 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 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 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 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 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 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 ArticleTwo 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...
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