Ethiopia Completes Electricity Transmission Lines Installation Boosting...
Ethiopia has finalized installation of transmission lines that will transfer power generated from the Ghibe III dam to the national grid in a landmark move that is set to boost electricity generation....
View ArticleEast African Metals applies for Gold and Silver Extraction License
Canadian mine development company East African Metals has applied for a license from the Ethiopian government to start extracting gold and silver. The company that also has interest in exploration...
View ArticleEthiopia’s Manufacturing Sector Grows, Attracts investors
Ethiopia’s manufacturing sector is quickly growing as government incentives, such as cheap electricity, tax holidays and cheap land, attract investors in the industry to the horn of Africa nation,...
View ArticleLucy’s Incredible Tourist Attraction
Ethiopia has immense tourism potential outstanding to its natural, historical and cultural endowments. The nation is benefiting a lot from the tourism sector and it covers 4 percent of the nation GDP....
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Africa’s spending to Top $5.6tn by 2025: McKinsey
Africa’s household and business spending will top $5.6tn by 2025 and its manufacturing output could reach $93bn, according to a new McKinsey & Company report. The management consulting firm also...
View ArticleAfrica Still Rising
Is the honeymoon over for African economies? Less than a decade ago, it seemed that the continent’s economic dreams were beginning to come true, with many countries experiencing impressive GDP growth...
View ArticleManufactures at Hawassa industrial park start erecting machinery, training...
Companies which entered into Hawassa industrial park and rented sheds there have begun importing and erecting manufacturing machines as well as training their employees, said the Ethiopian Investment...
View ArticleCreating a Coffee Husk Market in Ethiopia
Historically, coffee husks have presented coffee hulling stations in Jimma, Ethiopia, with a serious challenge. Coffee husks are a waste product created when farmers process unwashed (sun-dried)...
View ArticleHomeSend, Mastercard Aim to Transform the $3bn Remittance Industry in Ethiopia
HomeSend and the Commercial Bank of Ethiopia (CBE) today announced a new remittance service at the US-Africa Business Forum, that will allow more than 100 million Ethiopians to send funds directly to...
View ArticleEthiopia Wins Big As Cement, Flower, Shoe Firms Set Up Shop
Ethiopia is using a range of incentives to woo investors to the country. Already, US private equity groups KKR and Blackstone have announced their interest in the country’s infrastructure and...
View ArticleBuilding Climate-Resilient Green Economy
Nowadays, our world has been witnessing various man-made and natural disasters that resulted in numerous human lives, huge property damages, desertification among others due to a global climate change....
View ArticlePositive Growth Forecast for East African hospitality sector
“East Africa is expected to deliver the strongest real GDP growth in Sub-Saharan Africa over the next decade, according to BMI Research,” says Wayne Troughton, CEO of specialist global hospitality and...
View ArticleCalvin Klein owner could source 25% of its production from Africa in five years
American clothing giant Phillips-Van Heusen Corporation (PVH Corp), which owns the Calvin Klein and Tommy Hilfiger brands, could potentially source over a quarter of its garment production from Africa...
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Top 10 most competitive Sub-Saharan African economies
A ten-year decline in the openness of economies at all stages of development poses a risk to countries’ ability to grow and innovate, according to The Global Competitiveness Report 2016-2017, which is...
View ArticleThe 4th International Addis Agro food Exhibition to be held in Ethiopia
The 4th International Addis Agro food Agriculture, Agricultural Machinery, Food, Food Technologies and Packaging Exhibition is one of the fastest growing agro-food events in Ethiopia. The event will...
View ArticleEthiopia – Djibouti railway line to open next month
A new railway line connecting Ethiopia’s capital Addis Ababa to the port city of Djibouti is set to be officially inaugurated next month. A government-organized media tour Saturday touted the flagship...
View ArticleDubai Chamber sets the date for trade mission Ethiopia
As part of its strategy to reach out to the promising markets of the world, especially the African markets and to promote Dubai and its business competitiveness, the Dubai Chamber of Commerce and...
View ArticleKia Motors to assemble cars in Ethiopia
South Korea’s Kia Motors Corp signed a deal with a local company on Thursday to start assembling cars in Ethiopia and is thinking of similar operations elsewhere in Africa. “It is important to...
View ArticleEthiopia rated a top performer by the 2016 Global Green Economy Index
This year’s Global Green Economy Index (GGEI 2016) ranks Ethiopia as one of the top 15 countries in overall climate change performance. The report says Ethiopia’s performance results have shown a...
View ArticleNation set to boost Agro-industry Investment
The Ministry of Industry said Ethiopia is keen to enhance the agro-industry sector to advance the transformation of manufacturing sector. The 1st International Agro-Industry Investment Forum is being...
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