Addis Ababa Chamber, South African Business Delegation Hold B2B Meeting
Addis Ababa Chamber of Commerce and Sectoral Associations held business-to-business meeting with South Africa business delegation this week to discuss ways of promoting business opportunities. South...
View ArticleIndustrialization in Africa: Ethiopia Wants to Become the New ‘Made in China’
There’s a pretty good chance that some of the clothes you’re wearing, the shoes on your feet, and even the device you’re using to read this were made in China. Even as its economy slows, China remains...
View ArticleInflation Rate in May Rose to 7.9%
Central Statistics Agency of Ethiopia (CSA) disclosed year on year inflation rate has rose to 7.9 percent in month of May. According to the Agency’s report, inflation rate for March was 7.4 percent....
View ArticleWhy Ethiopia Needs Fast Growing Secondary Cities?
Having one of the fastest growing economies in the world for a decade, Ethiopia aspires to become middle income country by 2025. Up till now, the country’s economic growth achievements overwhelmingly...
View ArticleExcelling Successes in Hospitality Sector
Since sustainable peace and stability was secured in Ethiopia, the number of tourists visiting the country has been increasing. According to the recent information from the Ministry of Culture and...
View ArticleForeign Investment in Supporting the Economy
Once the name Ethiopia and poverty were the two sides of a single coin. Civil war and hunger were the other manifestation of the people. However, due to unreserved effort of the people of the country...
View ArticleAddis-Djibouti electric rail to begin operations in September
An electric rail cutting across Ethiopia from its capital Addis Ababa all the way to the Red Sea state of Djibouti will start operating by September this year, Getachew Betru, the CEO of the Ethiopian...
View ArticleTurkish firms eye Ethiopian hospitality sector
Turkish companies are eyeing market share in the Ethiopian hospitality industry, which on last week saw global service offerings displayed at an expo attended by Ethiopia’s president and Turkey’s...
View ArticleChina’s Biggest Pharmaceutical Company in to build plant in Ethiopia
Humanwell Healthcare, China’s biggest pharmaceutical manufacturing company, will invest $91m (2 billion Birr) for the construction of a plant in Ethiopia – its second investment destination on the...
View ArticleEthiopia Leading in Aviation Industry
The Ethiopian Aviation Industry is progressing with a high technological development and technologies with latest aircrafts. The company is becoming a leader of similar aviation companies in Africa....
View ArticleEsdee Paints buys 50% stake in Ethiopia-based firm
City-based Esdee Paints Limited has acquired 50 per cent equity shares in Ethiopia-based Jelaram Pvt Ltd, to form a joint venture to set up a manufacturing unit at Ethiopia. Esdee informed that it will...
View ArticleFirst Ethiopian Real Estate Expo to be staged in US
The first ever Ethiopian Real Estate Expo aimed at creating bridge for investors and real estate developers will be held from September 17 to 18, 2016 in North America. The expo is expected to provide...
View ArticlePrivate equity in Ethiopia
In 2013, east Africa-focused private equity firm Catalyst Principal Partners acquired a 50% stake in Ethiopia’s Yes Brands Food & Beverages, which produces the leading bottled water brand in the...
View ArticlePeugeot assembly plant goes operational in Ethiopia
Peugeot has started assembling cars in its newly built plant in Ethiopia. It has begun assembling three types of cars in the 25 million birr plant that was built in Wukro town, Tigray Regional State....
View ArticleEthiopia earns $3.4 Bln from tourism
Ethiopia has earned over 3.4 billion US dollars in revenue from more than 910,000 foreign tourists who visited the country in the just concluded fiscal year, said the Ministry of Culture and Tourism...
View ArticleIndustrial Parks – Paving Ethiopia’s Economic Transformation
On all sides of the world, industrial parks are considered as an enviable vehicles for countries to provide a competitive environment for industries to take off. Industrial parks are, in fact, settled...
View ArticleDBE Loans 7.5 Billion Birr to Manufacturing Industry Projects
The Development Bank of Ethiopia (DBE) has extended 7.5 billion Birr loan to projects in the manufacturing industry over the last 11 months. The credit was extended to 235 projects in agro- processing,...
View ArticleWyndham Inks Hat-Trick Deal with Santa Maria Group Hotels
The Wyndham Hotel Group has signed a 15-year management agreement for three hotels. This pushes the total number of hotels managed by the group in Ethiopia up to four, including the recently opened...
View ArticleECX Launches Bean Trade
The Ethiopian Commodity Exchange (ECX) officially launched the trading of red kidney beans and mung beans on its floors. ECX’s move comes following a council of ministers regulation on pulses...
View ArticleHome Grown Lumber Substituting Import
The nation has been importing lumber for furniture making and construction purpose for long due to the limited supply in the domestic market before realizing the huge potential to utilize the home...
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