Coal industry in Ethiopia: Unexploited potential
Their number is not exceeding 60; as usual, at Achebo Conventional Coal mining, workers were engaged in their casual job early in the morning. They gathered in front of the three caves that are helpful...
View ArticleEthiopia’s Economy to Grow 10.5 Percent in 2015/16 – World Bank
Ethiopia’s economy is expected to grow by 9.5 percent this fiscal year ending June before accelerating to 10.5 percent in 2015/16, the World Bank said on Friday, adding inflation will remain in single...
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Yayo Fertilizer Factory: 300,000 Tons Intended Potential
The Yayo Fertilizer Factory is being planted in Yayo District, Ilu Ababora Zone of the Oromia State on an area of 54 thousand square meters. Several activities are being undertaken to construct two...
View ArticleHydro-Power Development Indispensable to Ethiopian Economic Transformation
Some three decades ago, Ethiopia was in a dire situation where its people failed to get a daily bread to survive. As a result, millions passed away; a great number of youngsters were displaced from...
View ArticleForeign Investment in Africa Remains Strong, ‘But Regions Yet to Realize Full...
Foreign direct investment (FDI) “is diversifying away from mineral resources into consumer goods and services and is increasingly targeting large urban centers in response to the needs of a rising...
View ArticleMoody’s: Ethiopia’s Favorable Growth Prospects and Low Debt Burden Support B1...
Ethiopia’s (B1 Stable) government bond rating is supported by its strong growth prospects, prudent fiscal management and large and stable donor inflows, Moody’s Investors Service says in its latest...
View ArticleUkrainian Colossal Car Maker joins the Local Assembly Business
Nigma Motors PLC, a joint venture formed with the local Nigma Agro-Industry PLC and the Ukraine-based car maker Zaporiziha Automobile Building Plant (ZAZ) Company, has set up an assembly plant in the...
View ArticleTuskys of Kenya eyes share sale, Ethiopia, Congo or Tanzania stores in 5 years
TUSKYS, Kenya’s second-biggest supermarket chain, plans to sell shares on the Nairobi Securities Exchange within five years while expanding into Ethiopia and either the Democratic Republic of the Congo...
View ArticleThree Supply Nations for Buyers to Watch: Ethiopia, Vietnam and Uruguay
John Giles, a market research consultant and the divisional director at Promar International, a leading UK-based agri food supply chain consulting firm, gives Produce Business UK a sneak peek of what...
View ArticleEthiopia Plans to Boost Essential Medicines
With the aims to boost the market share of local pharmaceutical manufacturing and make essential medicines affordable, Ethiopian government with assistance of the World Health Organization (WHO)...
View ArticleEthiopia to help East Africa to Record Coffee Harvest
Ethiopia’s coffee harvest is to hit a record high next season, helping the East Africa region to a record crop, and spurring expectations of the area’s strongest exports in 20 years. Ethiopia – the...
View ArticleEthiopia to host Africa Japan Business Investment Forum
The Africa-Japan Business Investment Forum, which has been developed to strengthen business ties between Japanese and African business leaders, will be opened by HE Ato Hailemariam Desalegn, Prime...
View ArticleWorld Economic Forum Shortlists Four African Businesses as Global Growth...
The World Economic Forum today announced its selection of Global Growth Companies (GGCs) regional finalists for Africa. The four companies have been given the opportunity to join the larger GGC...
View ArticleWhy Ethiopia ‘Just cannot be ignored anymore’
Ethiopia is one of Africa’s fastest growing economies with GDP growth of 10.3% in 2014. Coupled with a population of over 90 million, this is prompting many consumer-focused companies to look at...
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Africa Attractiveness Survey 2015, Ernst&Young
“Welcome to the fifth edition of our annual Africa attractiveness survey. This milestone is an opportunity to pause and reflect on how Africa’s attractiveness has evolved. Our very first edition was...
View ArticleEthiopia to build Biggest Air Cargo Hub in Africa
Ethiopian Airlines’ drive to become a global carrier is to be supported by the construction of a world-class cargo terminal at Addis Ababa Bole International Airport. The $98m terminal, which will be...
View ArticleEthiopia’s Hot, Nigeria’s Not, for Investors Eyeing Africa
Africa has a hot new investment destination and it’s not Nigeria. The buzz at the World Economic Forum on Africa, an annual summit of the continent’s rich and powerful, is all about Ethiopia, where the...
View ArticleGerman-Based Chemical Company Ponders to set up a Plant
The well-known chemical company in Germany and beyond, BASF, which has been running an office in the capital as of January, expressed an interest in setting up a manufacturing plant in Ethiopia. Carles...
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Ethiopia 8th Largest FDI Recipient in Africa
As of 2014, Ethiopia is the eighth largest recipient of Foreign Direct Investment (FDI) in Africa, up from the 14th place it sat on in 2013, according to the new Ernst & Young (EY) attractiveness...
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Hotel Developers show more interest in Ethiopian Market
Ethiopia’s hotel chain development pipeline is among Africa’s top ten, according to W Hospitality Group, a firm that provides consulting services to hotel, tourism and leisure industries. Currently,...
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