Addis Ababa, Ethiopia among Cities of the Future with a bright potential
According to the annual “Wealth Report” released by global real estate consultancy Knight Frank on March 5, Ethiopia’s capital is among four cities in the world dubbed as “Cities of the Future”, based...
View ArticleUSAID and Irish Aid Collaborate to Award Ethiopian Dairy Innovation Fund...
The Ethiopia Sustainable Agribusiness Incubator (ESAI), a project of the United States Agency for International Development (USAID), held a graduation ceremony today for 14 entrepreneurs who...
View ArticleEmerging Market investors need Ethiopia on their shortlist
Many emerging markets, especially in sub-Saharan Africa, have seen solid GDP growth in the past decade driven mainly by natural resources. But with falling COMMODITY PRICES and Chinese demand...
View ArticleEthiopia Strives to Boost Trade with COMESA Countries
The Ethiopian government is striving to substantially increase exports to COMESA member countries, it was learnt. At press conference held on Thursday state minister of the Ministry of finance and...
View ArticleTurkey’s Industrial Boom: Lessons for Ethiopia
Ayka Addis, Oyap Ethio Industry and Trading, Saygin Dima PLC, BMET Cables and MNS Textile are notable Turkish companies that are engaged in the manufacturing sector here in Ethiopia. Turkish Foreign...
View ArticlePolish Companies Seek Business Partners in Ethiopia
Polish manufacturing, construction and IT companies are looking for business partners in Ethiopia with the view of forging joint ventures. Up on the invitation of the Ethiopian parliamentary group...
View ArticleOil Marketer Plans $5 Billion Refinery Construction
Ethiopia’s leading private oil marketer plans to build a $5 billion refinery within ten years to meet the growing demand for refined products in a region experiencing fast economic growth. A refinery...
View ArticleCompany in Ethiopia Introduces New Fortified Wheat Flour
According to the 2014 Mini-Demographic and Health Survey, an estimated 40 percent of children under the age of five are short for their age, meaning they have not received adequate nutrition during...
View ArticleCooperative Joins Dairy Processing Industry with 28m Br Brand New Factory
Selale Dairy Cooperative Union (SDCU) has joined the dairy-processing business in Ethiopia with a new brand of milk and yoghurt at its new factory, which was built at a cost of 28 million Br. The Union...
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South African Investors Eye Investment Opportunities
The two-way trade between Ethiopia and South Africa has reached about 145 million USD Opening the Ethio-South Africa Business Forum aimed at bringing together the business community and other pertinent...
View ArticleEquity Bank Plans Sh200 Billion Ten Country Expansion
Equity Bank plans to expand to ten countries in the next five years at a cost of Sh200 billion, it announced Tuesday. The lender said it had already signed loan agreements for Sh36 billion ($400...
View ArticleForeign Brewers Battle for Ethiopia’s Beer Drinkers
International brewers are helping transform Ethiopia’s business landscape as it slowly sells the assets of the former communist state and opens up to foreigners drawn to one of Africa’s fastest growing...
View ArticleManufacture in Ethiopia, Omani investors urged
Omani investors have been encouraged to set up manufacturing units in Ethiopia, the most populous landlocked country in the world which provides a great gateway to other markets in Africa and beyond....
View ArticleICL to take over Allana Potash
One of the leading fertilizer manufacturers in the world, Israel Chemicals Ltd (ICL), is going to take over Allana Potash of Canada that owns a potash mine in Ethiopia. Last year ICL bought 16 of the...
View ArticleEthiopia – A Land Where Coffee Meets Tradition
As he tended to his goats one afternoon in the Ethiopian highlands some 12 centuries ago, a herder named Kaldi noticed that his bleating charges seemed energized after chewing mysterious red berries....
View ArticleDubai Chamber organized Ethiopia Trade Mission Discusses Bilateral Ties
Dubai Chamber Representative Office in Addis Ababa organized outbound trade mission is attended by over 31 Ethiopian government officials and business delegates As part of its efforts to attract...
View ArticleRock Star Bob Geldof Spearheads U.S. Private-Equity Push into Ethiopia
A generation ago, this African nation was a magnet for Western charity. Today, some of America’s richest deal makers are delivering something new: Investment. A number of high-profile investors have...
View ArticlePTA Bank Extends Assistance to Leather Products Industries in COMESA Region
Preferential Trade Area (PTA) Bank for Eastern and Southern African states has donated 75,000 USD for three East African COMESA member countries operating in leather and leather products industry...
View ArticleEthiopia Bets on State-Owned Wholesaler to Stem Price Rises
Alle, Ethiopia’s government-owned wholesaler, said it’s targeting as much as 30 percent of the country’s household-goods market by 2018 in an effort to stem rising consumer prices in Africa’s...
View ArticleEthiopia Eyes Gas Production, Exports by 2017 – PM
Ethiopia expects to start producing and exporting natural gas from under-developed reserves in its southeast by 2017, Prime Minister Hailemariam Desalegn said on Friday. Several firms have already...
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