Addis to have Two More International Hotel Brands
Addis is to have two more international hotel brands catering to her visitors and residents, as two globally renowned names in hospitality – Starwood Hotels & Resorts and Carlson Rezidor Hotel...
View ArticleAfrica saw Stability, Growth in 2015
Sub-Saharan Africa (SSA) has witnessed a year of overall stability and growth in 2015 as it embarks on a journey to realize Agenda 2063, a blueprint for the continent’s development in the next half...
View ArticleInside the ‘Ethiopian Way’ – 12 Things You Need to Know about Africa’s...
Ethiopia has been in the spotlight in recent weeks for both the right and wrong reasons. The crackdown on Oromo protests over plans to expand the capital Addis Ababa into their lands, in which up to 80...
View ArticleEthiopia’s Coffee Industry Sees Steady Growth
Ethiopia’s coffee exports are increasing, thanks in part to government incentives, a Trade Ministry official told Anadolu Agency on Sunday. Coffee exports totaled 184,000 tons in 2014, and were worth...
View ArticleEthiopia to Participate in Int’l Exhibition
I.G. Entertainment Plc. in collaboration with Wubshet Import & Export has organized an international exhibition for the first time in four countries of Europe. The international exhibition is to be...
View ArticleTata International to expand footprint in Ethiopia
Tata International, the global trading and distribution arm of diversified Tata Group, will expand its footprint in Africa by entering Ethiopia and Angola, taking its presence to 14 nations in the...
View ArticleKuriftu Expands with Ethiopian Culture Centre
Boston Partners PLC is building a 400 million Br cultural center on a 74,000sqm plot of land as an extension of Kuriftu Resort & Spa Bishoftu by the banks of Lake Kuriftu in Bishoftu. Called...
View ArticlePOLY-GCL Completes Gas Appraisal Wells in Ethiopia
China’s POLY-GCL Petroleum Group Holdings Ltd has finished drilling two appraisal wells in Ethiopia’s southeast and will soon know the size of gas deposits there, a senior Ethiopian official said....
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Foresight Africa 2016: Regional integration in sub-Saharan Africa
For a long time, the 54 countries of Africa have been a patchwork of different languages, laws, and currencies, making travel (let alone business) on the continent quite an endeavor. Indeed, for...
View ArticleRecipe for Africa’s Success
For years, African countries have been told that the road to industrialization is long and full of intractable obstacles, made even more difficult by the need for institutional capacity to design and...
View ArticleNew Incentive Rates for Local Manufacturers
The Ministry of Finance & Economic Cooperation (MoFEC) is ranking manufacturers by value addition for duty free benefits based on a new directive expected to be approved this month. This will...
View ArticleLight Train Manufacturing Factory Ready for Production
A light train manufacturing factory established in Addis Ababa is ready to commence production. The factory, which is under the umbrella of Metal and Engineering Corporation’s (MetEC) Locomotive...
View ArticleKEFI Refinements Boost Economics of Ethiopia Mine
KEFI Minerals (LON: KEFI) has agreed a series of tweaks and refinements to its Tulu Kapi gold project in Ethiopia that have enhanced further the economics of the planned mine. The changes were made...
View ArticleMela, Pioneer in ATM Manufacture
Mela Electro Manufacturing PLC is inaugurating, the first assembly plant for automated teller machines (ATMs) in Ethiopia, introducing a new form competition to a market currently dominated by handful...
View ArticlePartners Launch Prepaid Shopping Card in Ethiopia
To boost the number of people in Ethiopia who use electronic payment systems, a technology firm and a local bank have introduced merchant loyalty prepaid shopping electronic card system. The new...
View ArticleIMF cuts World growth forecast, eyes on China slowdown
The International Monetary Fund (IMF) warned of substantial risks in the major emerging market economies like Kenya Tuesday as it lowered its outlook for global economic growth this year. Slower...
View ArticleLessons from East Africa’s Top Consumer Goods Manufacturers
A few decades ago the consumer goods manufacturing industry in East Africa was dominated by foreign multinationals. But today there are several locally-run businesses holding considerable market share....
View ArticleThe African nations to watch in 2016
Investors have been rushing to Africa since the end of the global financial crisis, lured by untapped opportunities and high economic growth rates. The push into Africa has been a perennial talking...
View ArticleAvianca Brazil and Ethiopian sign Code-share Agreement
Avianca Brazil and Ethiopian Airlines, both member of Star Alliance, have signed a code-share agreement to introduce code-share services between Brazil, Ethiopia, and future points beyond Ethiopia....
View ArticleKoka Power Transmission near Completion
The Ethiopian Electric Power is going to connect Koka Power Station to its transnational electric power transmission project by February, 2016. The 230kV transmission project will be connected with...
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