Ethiopia Receives Exotic Tourist Destinations of 2015 Award
Ethiopia has been named the top travel destinations of 2015 by the Russian branch of the National Geographic Traveler magazine, according to Ethiopian News Agency. Gerum Abay, Ambassador of Ethiopia to...
View ArticleEthiopia Poised to Become Middle Income Country By 2025
Ethiopia has witnessed rapid economic growth, with real gross domestic product (GDP) growth averaging 10.9 per cent between 2004 and 2014, which is lifting the country from being the second poorest in...
View ArticleEgyptian Companies Eye Business Opportunities in Ethiopia
Ethiopian and Egyptian metallurgical industry companies are looking for opportunities to work together, Ethiopian Herald reported. According to Egyptian Ambassador Abou Bakr Hefny Mohamoud, Egypt’s...
View ArticleTuskys of Kenya Plans Share Sale, Ethiopia Stores in Five 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 ArticleEthio-Belgian B2B Completes Addis Mission
A Belgian business mission came out strong on Thursday November 19, 2015 at Hilton Addis, with over 50 Belgian companies represented to meet and pursue business partnerships with their Ethiopian...
View ArticleThe 5th Ethiopia CEOs Forum Held in Addis Ababa
Precise Consult International organized the 5th Ethiopia CEOs Breakfast Forum today November 26, 2015 at Sheraton Addis as part of its initiative to bring together leading CEOs, government officials,...
View ArticleChina to Increase Investment in Africa
The Chinese Commerce Ministry has said the future cooperation between China and Africa will be adjusted based on past experience. Vice Commerce Minister Qian Keming says future cooperation will focus...
View ArticleEthiopia Tyre Market Continues to be dominated by Passenger Car Segment
According to TechSci Research report, “Ethiopia Tyre Market Forecast & Opportunities, 2020″, the passenger car segment is expected to continue its dominance in the country’s tyre market through...
View ArticleEthiopia’s New Elite Spur Housing Boom
A comfortable commuting distance of 20 kilometers (12 miles) from the capital Addis Ababa, the 600-hectare (1,500-acre) estate has tapped into a growing taste for high-end luxury among wealthy...
View ArticleEthiopian offers Discount to Horticulture Exporters
Ethiopian Airlines has offered a discount to Ethiopian horticulture exporters using its cargo service. The offer came in response to the loss the export companies incurred due to the decrease in value...
View ArticleMeta Abo Brewery relaunches Meta Classic Beer
Meta Abo Brewery S.C., a Diageo company, announces the launch of new, premiumised packaging for its flagship brand Meta Classic beer. The pack has been redesigned to be more contemporary and to give...
View ArticleYara brings in new partner into potash project in Ethiopia
Liberty Metals & Mining Holdings, LLC, a subsidiary of Boston-based Liberty Mutual Insurance (“LMM”) has acquired 25% of the shares in Yara Dallol B.V. (“Yara Dallol”) for USD 51.25 million. Yara’s...
View ArticleBosch at the Forefront of Developing the Coffee Industry in Ethiopia
German multinational the Bosch Group hosted the ground breaking 1st International Coffee Processing and Packaging Round Table in Addis Ababa, Ethiopia on Friday. It featured representatives from United...
View ArticleGulf investment in Africa: Key trends and opportunities
The Dubai Chamber of Commerce and Industry recently commissioned a study on the opportunities for Gulf investors in the African market. The research, conducted by the Economist Intelligence Unit (EIU),...
View ArticleInsurance Market in Ethiopia
Insurance business in the country has been a long business since 1950s; however, because of economic stagnation and inconvenient policies pursued by the previous regimes, the business did not flourish...
View ArticleEthiopia’s Inflation Rate Declines to 10% in November
Ethiopia’s year-on-year inflation rate has declined to 10.0 percent in November from 11.8% in October, Fana Broadcasting Corporate (FBC) reported. When compared to the month of October, inflation rate...
View ArticleForeign Company Acquired Ethiopian Bottling Plant
Atlas Dev & Support Services Ltd said it has completed its acquisition of East Africa Packaging Holdings Limited (‘EAPH’). In a statement it has released, Atlas said this acquisition follows the...
View ArticleDiageo Announces Partnership with Gorta
Diageo has announced a new partnership with charity Gorta Self-Help Africa that aims to support smallholder-farming communities in Ethiopia by connecting small-scale barley farmers with the brewing...
View ArticleEthio-Korea Forum Discusses Textile Opportunities, Trade Cooperation
Korea has been participating in Ethiopian development endeavors in a constructive and mutually beneficial manner, especially in priority sectors such as textile, infrastructure development and...
View ArticleNew Firm Starts Assembling Gold Mining Machines in Ethiopia
Two international companies named, Minelab Electronics and SK Mining Equipment has formed a joint venture to assemble small-scale gold mining machines in Ethiopia, according to the Daily Monitor....
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