New route opens promising future for specialty coffee
A new asphalt road that links the source of Ethiopian specialty coffee grower of Bensa Woreda of the Sidama Zone with the regional center of Hawassa was inaugurated in the presence of top government...
View ArticleEthiopia – Open for Business
Ethiopia is one of Africa’s top performers, yet is one of the markets most closed to foreign money. Zemedeneh Negatu from Ernst and Young tells the Financial Time’s Katrina Manson why investors are...
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Africa’s Free Trade Area Launch Set for June
FINALLY Africa’s free trade area comprising of 26 countries with a combined population of over half a billion and a combined US$1.1tri gross domestic product (GDP) will be launched in Egypt next June....
View ArticleGovernment to Resume Teff Exports with 180,000ql by Next Fiscal Year
Protective measures will be taken to ensure that Teff exports do not result in scarcity and price hikes at home Ethiopia is to begin the export of around 180,000ql of Teff flour, one of the country’s...
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Ethiopian Coffee Shops Sprout up across the US, Thanks to Starbucks
Three years ago, Elias Gurmu and his wife, Sarina Prabasi, spotted a shuttered shoe repair shop in their new Manhattan neighborhood. They had moved only a year earlier from Addis Ababa, Ethiopia. And...
View ArticleEthiopia earns over 281 Million USD from Mineral Export
The Ministry of Mines (MoM) said it has earned over 281 million US dollars in revenue from the export of various minerals in the last nine months of this budget year. MoM Public Relations and...
View ArticleLondon delighted at UK-Ethiopian Joint ‘Ahadukes Food’ Investment
The United Kingdom has expressed delight at its expanding joint investment with Ethiopia, following the inauguration, on Tuesday, of a new ‘Food factory’ in the Eastern African country.’Ahadukes Food...
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Turks, Ethiopians Hold Business-to-Business Meeting
More than 25 Turkish and 100 Ethiopian companies held here yesterday a business-to-business meeting in which they agreed to work jointly. The Turkish investors which attended the meeting and networking...
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Circum Proves Up Major World Class 4.2B Tons Potash Project in Ethiopia
Total Resource Potential shows World Class Potash Project of 11- 13B tons Circum’s Danakil Project to Impact Potash Market The Chairman and Co-founder of Circum Minerals Ltd. (“Circum” or the...
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Ethiopia Ready to Host International Conference on Financing for Development
Ethiopia has finalized preparations to host the 3rd International Conference on financing for Development which will be held from July 13-16, 2015, according to Foreign Affairs Minister Tedros Adhanom....
View ArticleEthiopia: Big Demand for Housing, Hotels
Anyone who has visited Addis Ababa recently will have noticed the city is like a big construction site. Ethiopia’s capital is undergoing a major construction boom with halfway-done high-rise buildings...
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Ethiopia Prepares for Full Membership of the Extractive Industries...
As a full member of the EITI, Ethiopia would have to report revenues and taxes from the mining sector Ethiopia is to acquire a full membership of the Extractive Industries Transparency Initiative...
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Sourcing in Africa: Foreign Investment Flows In
With its cheaper labour and resources, East Africa has already attracted foreign investment, particularly from Asia – as well as business from major international fashion brands and retailers....
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An Untapped Resource
Ethiopia has marble deposits in several regional states, including Harrar, Tigrai, Oromia, and Benishangul-Gumuz. Though the country is blessed with abundant marble resource, it is not fully tapping...
View ArticleMIDROC to Expand Investment with 8 Billion Birr
MIDROC Ethiopia Technology Group announced that it would expand its projects in agro-industry and mining sectors with 8 billion birr. During the press briefing he gave yesterday, MIDROC Ethiopia...
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Ethiopia Commodity Exchange Mulls Adding Stock, Bond Trading
The Ethiopia commodity exchange plans to broaden the range of crops it trades and wants to introduce stocks and bonds under a five-year expansion plan, Chief Executive Officer Ermias Eshetu said. The...
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Ethiopia to Step Up Role as Regional Clean Power Exporter
Ethiopia plans to begin exporting renewable energy to a broader range of neighboring nations by 2018 as part of a cross-border effort to meet regional energy demand and limit increases in...
View ArticleEthiopia: Africa’s New China?
As cliché as it may sound, the expression ‘looking like a construction site’ is arguably the most accurate description of Addis Ababa. The Ethiopian capital, long considered Africa’s political capital,...
View ArticleEthiopia Seeks to Lure More Chinese Investment
Ethiopian officials have called for more Chinese investments in different sectors in the East African nation on occasion of the three-day visit from 12 to 14 May of a Chinese delegation to Ethiopia...
View ArticleEquity Group of Kenya Sees Opportunity in Ethiopian WTO Entry
Equity Group Holdings Ltd., owner of Kenya’s second-biggest bank by market value, expects an Ethiopian entry to the World Trade Organization later this year to provide an opportunity for the lender to...
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