Fitch Affirms Ethiopia at ‘B’; Outlook Stable
Fitch Ratings has affirmed Ethiopia’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘B’. The Outlooks are Stable. The issue rating on Ethiopia’s senior unsecured foreign currency...
View ArticleHawassa Airport to Commence Operation
The Hawassa International Airport, which is under construction at a cost of 457 million birr, will soon commence operation. The Ethiopian Airports Enterprise began the construction 14 months ago. The...
View ArticleTurkish Company Keen to Invest in Ethiopia’s Telecom Industry
The Turkish company Visor disclosed that it has allotted close to three billion USD to invest in telecom infrastructure in Ethiopia. This was revealed at a discussion President Mulatu Teshome had with...
View ArticleStella Trade Join Ethiopia’s Gold Extractors
Stella Trade and Industry PLC has joined the league of four gold extractors operating in Ethiopia, after securing a large-scale gold mining license. This is a first for the company, as well as the host...
View ArticleChinese Conglomerate to invest $350mn to set up Textile plant in Ethiopia
Chinese conglomerate Jiangsu Sunshine Group plans to make investment of 350 million US dollars to set up a textile plant in Ethiopia in a bid to boost the country’s textile industry as the textile...
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A closer look at Ethiopia’s developmental success, rapid wealth creation
Ethiopia is the seventh-fastest growing economy since 2000 Plenty has been written about Ethiopia’s fascinating growth model, most notably the World Bank’s 171-page tome “Ethiopia’s Great Run: The...
View ArticleEthiopia: One of the Highest number of hotel rooms to be built in 2016
Ethiopia and Kenya are among the top 10 African countries with the highest number of hotel rooms to be constructed in 2016, thanks to a predicted growth in GDP and rising demand for conferencing and...
View ArticleWhy Ethiopia’s Energy Future Is Optimistic
Ethiopia has long realised the potential of its renewable energy. Hydro, solar, wind and geothermal resources are all contributing to in changing its economic fortune and that of its peoples. In light...
View ArticleEthiopia takes part at Riyadh Travel Fair
Ethiopia, via its embassy in Saudi Arabia, took part at the 8th annual Riyadh Travel Fair last week. The Ethiopian embassy in Riyadh seized the opportunity to promote Ethiopia’s tourist attraction...
View ArticleIsraeli Companies to Engage in Ethiopia’s Construction Sector
Ethiopia extended an offer for Israeli investors to take part in the second Growth and Transformation Plan (GTP II) period, which will see the construction of 2.4 million new apartments. Out of the 2.4...
View ArticleDashen Bank launched Ethiopia’s first American Express debit card
American Express debit card for the bank’s clients. The bank will be giving 2 types of debit cards; Gold and Green cards. The Gold card members will be given 1.5 percent cash bank on every purchase...
View ArticleLocal Private Airlines Establish Association
Local private airlines—for the first time in the history of general aviation in Ethiopia—have met and established an association dubbed “Ethiopian Private Airlines Association.” There are about 13...
View ArticleEIAR releases 191 New Agricultural Technologies
The Ethiopian Institute of Agricultural Research (EIAR) said it has released about 191 new agricultural technologies in the last nine months of this budget year. Research Partnership Communication and...
View ArticleFour things to know about Ethiopia’s economy
Ethiopia, Africa’s second most populous nation, has transformed into one of the world’s fastest-growing economies. Charles Robertson, global chief economist at Renaissance Capital, recently wrote a...
View ArticleOverview of Climate Resilient Green Economy
Ethiopia is one of the countries in Africa dominated by agricultural society and agriculture contributes 38.8 percent to its GDP, more than 80 percent of livelihood and export. Unfortunately,...
View ArticleGeldof’s fund 8 Miles eyes more African Investments
Bob Geldof’s private equity fund plans to acquire more stakes in African firms before the end of the year, the rock star said, in a drive to tap an expanding pool of consumers in the continent. 8 Miles...
View ArticleAgri-Ceft to Expand Factory
Agri-CEFT has disclosed it will undertake an expansion project on its tea processing and packaging factory at an outlay which is close to 120 million Birr. The expansion will take on a 19,000 square...
View ArticleNational workshop discusses launching of IFRS
A national workshop has examined the launching of the International Financial Reporting Standards (IFRS) in Ethiopia. More than 100 countries across the globe have adopted IFRS and Ethiopia is set to...
View ArticleOCP Group Considers Building Fertilizer Plant in Ethiopia
Office Chérifien des Phosphates (OCP) Group, a global leader in the phosphate industry, has revealed interest to build a fertilizer plant in Ethiopia during talks with Prime Minister Hailemariam...
View ArticlePeas, Beans, Lentils to be Traded through ECX
Transaction of pulses, a food group comprising lentils, peas, and beans – the primary ingredients of popular traditional Ethiopian dishes such as misir, shiro, and almost everything else in a...
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