The Ethiopian Banking Industry
The total capital of the Ethiopian banking industry has surged by 19.0 percent in the 2014/15 budget year noted the National Bank of Ethiopia in its flagship publication; Annual Report on Ethiopian...
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Costs of sending money to Africa
For many Africans, remittances are hugely important. Money sent by relatives abroad often represent a significant income source. This importance also extends to countries as remittances account for a...
View ArticleManufacturing in Africa is growing faster than forecast
Last week the Overseas Development Institute (ODI) published an interesting paper on export-based manufacturing potential in Sub-Saharan Africa (SSA). The report states that contrary to the common...
View ArticleEthiopia close to kick-starting $150b Green Economy
Ethiopia is set to begin implementing her so-called green economy projects worth $150 billion over the coming 20 years, according to the country’s minister of Environment, Forest and Climate Change,...
View ArticleEthiopia signs gold extraction deals with Foreign Firms
The Ministry of Mines, Petroleum and Natural Gas in Ethiopia on Thursday confirmed the signing of gold extraction deals with two foreign companies. According to the ministry, representatives of Letto...
View ArticleWyndham Hotel Group Introduces Three New Hotels in Ethiopia in Triple Signing
Wyndham Hotel Group today announced the signing of three new hotels in Ethiopia following last year’s opening of its first Ramada in the country, the Ramada Addis Ababa, as part of a strategic decision...
View ArticleNestlé Waters and Abyssinia Springs announced the creation of a Joint-venture
Nestlé Waters and the owners of the Abyssinia Springs business-one of the leading water players in Ethiopia, announced today the creation of a joint venture (JV) to carry out bottled water activities...
View ArticleIncentives to be given to Exporters
Incentives will be given to exporters that engage in the export sector in order to improve the low performance of the sector, Ministry of Industry said. Officials of the ministry held a consultative...
View ArticleEthiopia’s Boom Times
Ethiopia has a new nickname: “The African Lion.” LikeChina (“The Asian Dragon”), Ethiopia’s economy is growing: 10 percent annually from 2003 to 2014. But the moniker also has less savory connotations....
View ArticleBeverage Industry Booming
Foreign investment in Ethiopia’s beverage industry is showing massive increase as multinational companies are increasingly attracted to the industry, according to the Ethiopian Food, Beverage and...
View ArticleWorld Economic Forum 2016
From within the continent to Europe, Asia and further in the Americas, the global focus is on Kigali as the World Economic Forum for Africa opened convening about 1,500 delegates for deliberations on a...
View ArticleUK Trade Mission in Ethiopia
Trade mission from the United Kingdom arrived in Ethiopia’s capital, Addis Ababa, on May 10, 2016 for a 3 days visit. The visit is organized following the success of UK-Ethiopia Trade and Investment...
View ArticleArab Contractors Explore Opportunities in Ethiopia
Egypt-based construction firm, Arab Contractors have started serious talks to implement new projects in Ethiopia. The Egyptian company wants to expand its businesses in the African countries in the...
View ArticleThe 4th Africa Business Forum in Addis, June 2016
New Africa | New Opportunities | New Frontiers Africa Business Forum (http://www.AfricaBusinessForum.com) announced that registration is open for the 4th Africa Business Forum to be held on Wednesday,...
View ArticleMauritius, Ethiopia have fastest growing number of millionaires in Africa
Mauritius has emerged as an attractive hot spot for millionaires in Africa in the past decade, with Kenya at fifth position, the Africa 2016 Wealth Report has revealed. The report, which reviewed the...
View ArticleAfrica urged to dismantle trade, movement barriers to spur growth
African economies must reduce trade barriers and make it easier for people and goods to cross borders to boost growth in the face of headwinds from a commodity price drop, African officials and...
View ArticleApiculture and Sericulture in Ethiopia
Beekeeping and silkworm farming have long been critical cogs of Ethiopian life, providing food, jobs and much needed income. According to some scholarly research, beekeeping is an ancient tradition...
View ArticleEthiopia’s total road coverage stands at 120,000 km
Ethiopia’s total road coverage has reached 120,000 km, said Dr Workneh Gebeyehu, minister of transport of Ethiopia, attributing the success to the huge investment on road infrastructure in the past 25...
View ArticleMarathon Driving Automotive Race with New Showrooms
The automotive industry is stepping up, with two advanced vehicular sales, spares and service centers, worth 120 million Br, being added to its short list of modern facilities. Marathon Motor...
View ArticleWorld Bank Supports Ethiopia’s Small and Medium Enterprises to Boost Job...
The World Bank Board of Executive Directors today approved a US$200 million International Development Association (IDA)* credit to support the growth and development of Small and Medium Enterprises...
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