Al-Amoudi to Invest $500 Million in Ethiopian Coffee, Oranges
Horizon Plantations Ethiopia Plc, majority-owned by Saudi billionaire Mohamed al-Amoudi, plans to almost double annual revenue within three years by investing at least $500 million in coffee and orange...
View ArticleDairy Innovation Fund
Joined forces of US and Irish Aid to trigger private sector led dairy innovation in Ethiopia Precise Consult International (PCI) is a premiere management consulting firm specializing in the provision...
View ArticleItalian Companies Considering Business in Ethiopia
Italian companies engaged in the construction sector are considering utilizing business opportunities in Ethiopia and being profitable. Representatives of two Italian companies at the 11th Ethio-Con...
View ArticleNation to Establish Enterprise to Coordinate Textiles Sector
Textiles Industry Development Institute announced plan to set up a national enterprise aimed at addressing challenges related to shortage of raw material supply. Institute Director-General, Sileshi...
View ArticlePolish Sugar Giant eyes Ethiopian Market
Pursuant to a memorandum of understanding it signed with the Ethiopian Sugar Corporation in October, a polish sugar group, Polski Cukier, is set to provide technical assistance to the Ethiopian sugar...
View ArticleReviving the private sector
A cursory review of the track record of the Ethiopian private sector over the twenty-odd years is encouraging given it is relatively in its infancy though a lot still remains to be done. It remains...
View ArticleCamel Milk Processing Industry – Lucrative Venturing Yet Untapped
Among the nine states, Somali and Afar are famed for Camel’s milk and products Even if there is a huge potential for tapping Camel’s milk products in the two states, residents of the localities, for...
View ArticleTurkish Investment in Ethiopia exceeds $ 3 Billion
Turkish investors with over 3 billion USD capital are engaged in various sectors in Ethiopia, Turkey’s Ambassador to Ethiopia disclosed. This makes Turkish businesspersons the leading foreign investors...
View ArticleMIDROC to build Gold Extraction Plant with $250m
MIDROC Gold Plc. announced that it would construct its second gold extraction plant with an outlay of 250 million USD in Benshangul Gumuz Regional State. The exploration work at Gilay locality in Bulen...
View ArticleUNIDO shows desire to support Ethiopia’s Industry Sector
At the sidelines of the 69th Session of the UN General Assembly in New York, Prime Minister Hailemariam Desalegn met with various world leaders and heads of international organizations. He held...
View ArticleGolden Tulip Joins Addis Ababa’s Booming Hospitality Industry
A local hotel firm, Aschalew Belay Hotel Projects, is signing a profit sharing agreement late in the afternoon today with the Europe-based, Louvre Hotel Groups, to enable the former operate a...
View ArticleStarbucks Honors the Birthplace of Coffee with Ethiopia, a New Coffee Steeped...
Starbucks Coffee Company today introduces a new single-origin coffee from the birthplace of coffee, Ethiopia. Starbucks first whole bean packaged coffee available globally since the introduction of...
View ArticleWyndham Hotel Group Grows in Africa with First Hotel in Ethiopia
Wyndham Hotel Group, the world’s largest hotel company with approximately 7,540 hotels and part of Wyndham Worldwide Corporation, today announced the signing of a management agreement for the Hotel...
View ArticleSwiss Companies Keen to Invest in Ethiopia
Existing investment opportunities in Ethiopia are, among others, in textile, leather, energy, agro- processing, horticulture, tourism, construction, mining among others, for foreign investors Opening a...
View ArticleEthiopia Decks Out
Ethiopia has been working hard to expand industrial development and within that general framework, the textile sector has been identified as a priority area both by local investors and for foreign...
View ArticleNew Association to Improve Competitiveness of Dairy Industry
An agro processing companies association is under establishment. According to Melaku Birhanu, General Manager at Sebeta Agro Industry plc, companies working in processing dairy products believe that...
View ArticleTurkish businesses meet their Ethiopian Counterparts
Turkish business delegation met their Ethiopian counterparts at the offices of the Ethiopian Chambers of Commerce and Sectoral Associations on Thursday to surf the business opportunities the two...
View ArticleInternational Hotel Brands Sign-up to engage in Ethiopian Hotel Business
The 4th Africa Hotel Investment Forum (AHIF) was opened on Tuesday with the attendance of giant international hotel groups. AHIF is the premier hotel investment conference in Africa, attracting many...
View ArticleQatar Airways wants to Scale up Operation to Ethiopia
The Middle East giant carrier, Qatar Airways, on Tuesday said that it wants to increase its thrice weekly flights between Addis Ababa and Doha to twice daily. Qatar Airways launched three weekly...
View ArticleEthiopia to issue International Bond
Ethiopia announced its plan to issue international bond at the end of this year, the first of its kind move by the country to join the international capital market. The announcement came following the...
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