Ethiopia and Luxembourg to Strengthen their Business Tie
The Ethio-Luxembourg business discourse began at the Hilton Hotel on February 4, 2016 with an opening speech by the Ethiopian State Minister of Foreign Affairs, Mr. Regassa Kefale, Fana Broadcasting...
View ArticleJovago, AXA Partner for 75 Million Euros Funding Round
ovago, one of the top hotel booking website in Africa, and Axa, a worldwide leader in Insurance and Asset management announced today a partnership to develop the expansion of Jovago and a new round of...
View ArticleChinese State Grid to Generate Power
The State Grid Corporation of China (SGCC) is to be the second private company to invest on energy development in the country. The company that has in the past participated on mega transmission line...
View ArticleIndustrial Development in Ethiopia – Background, Challenges and Opportunities
The first manufacturing industry in Ethiopia was established during the 1920s as a private household cottage enterprise. The first group of 27 factories, mostly owned by foreigners commenced operation...
View ArticleU.S. Investments in Ethiopia Climb to $4 Billion In 2015
U.S. investments in Ethiopia climbed to $4 billion last year helped by several companies taking advantage of the renewed Africa Growth and Opportunity Act (AGOA) to venture into the East African...
View ArticleExploring Untapped Investment Opportunities
Recently, over 1,200 business representatives, government officials, entrepreneurs, investors, decision makers and managers from Africa, US, China and Turkey attended the U.S – Africa Business Summit...
View ArticleEthiopia Exported 11 Million Pieces of Flowers for Valentine’s Day
Ethiopia exported more than 11 million pieces of flower in connection with Valentine’s Day, a day celebrated on February 14 every year, Walta Information Center reported. Ethiopia earned an amount of...
View ArticleEthiopia, Kenya Business Leaders Pursue Bilateral Trade Pact
Business leaders in Ethiopia and Kenya have pledged to push their respective governments to implement a bilateral trade agreement signed in 2012. The leaders who met in Nairobi on Thursday said...
View ArticleEgyptians to Invest in Pharmaceutical Sectors
What makes the seminar special is professionals and pertinent stake holders come together for discussion with common objectives focusing on pharmaceutical and medicinal business Relations between...
View ArticleDaewoo E&C bags $82mn deal in Ethiopia
Daewoo Engineering & Construction Co., a major South Korean builder, clinched an $82 million deal to construct a four-lane highway in Ethiopia, making its first entry into the African country. The...
View ArticleThe Largest Grand Mall to be built in Addis Ababa
A group of Ethiopians in the Diaspora are going to build a large business center in Addis Ababa at a cost of 2.6 billion birr, Fana Broadcasting Corporate reported. The large business center which was...
View ArticleAfrica Needs to Bolster Regional Trade
African countries should put maximum effort to bolster regional trade networks amongst themselves, advised AU Trade and Industry Commissioner, Mrs. Fatima Haram Acyl. ”If we do not have continental...
View ArticleHow the U.S. and China are empowering Ethiopia’s Private Sector
Ethiopia’s footwear industry has long been known for producing fine-quality leather shoes and products. With reliable power sources, affordable labor and a fast-growing economy with a forecasted GDP...
View ArticleImproving Coffee Productivity for Maximum Economic Benefit
Since agriculture is the base of Ethiopia’s economy, it needs to have high consideration by all government bodies and stakeholders that are directly responsible on the matter. Today, the country is in...
View ArticleEthiopia, Qatar to Boost Investment Tie
Ministry of Foreign Affairs Middle East Affairs Director General Ambassador Siraj Reshid said that Ethiopia attaches great importance to enhance its cooperation and relations with the state of Qatar....
View ArticleAmhara Transferring Industrial Parks to Investors
The Amhara Regional State disclosed that it is transferring industrial parks equipped with full infrastructural works to investors. Some investors stated that the establishment of industrial parks has...
View ArticleMessebo Cement signs agreement with Egyptian Waste Firm
Ethiopia’s Messebo Cement Company has signed a five year deal with the Egyptian Company for Solid Waste Recycling (ECARU), for the supply of waste based fuels to replace coal at its cement kins....
View ArticleMaersk Oil acquires 50% of Africa Oil’s share in Ethiopia
Maersk Oil completed the acquisition of 50% of Africa Oil Corporation’s share in two contiguous licenses in southern Ethiopia and three onshore exploration licenses in the Turkana region of northern...
View ArticleWhy Africa is Not Number One Investment Destination
Much of Africa’s perceived attractiveness to investors in comparison to other global regions has improved a lot over the past few years. In fact, according to the 2014 Africa Attractiveness Survey by...
View ArticleStatus of Rural Job Opportunity in Ethiopia
It is fact that Ethiopia’s development policies, strategies and programs reflect the country’s development needs and priorities. To this end, creating job for the needy people, youth and women in...
View Article