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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...

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Industrialization 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...

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Inflation 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....

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Why 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...

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Excelling 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...

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Foreign 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...

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Addis-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...

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Turkish 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...

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China’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...

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Ethiopia 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....

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Esdee 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...

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First 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...

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Private 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...

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Peugeot 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....

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Ethiopia 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...

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Industrial 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...

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DBE 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,...

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Wyndham 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...

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ECX 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...

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Home 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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