Trade fair to introduce innovative packaging and agro-processing technologies
The Agrofood Plastpack Ethiopia trade exhibition will be held February 3 to 5 at the Millennium Hall. The exhibition is expected to host more than two thousand professional visitors and is being...
View ArticleNewly rebranded Trade and Development Bank looks for a stronger presence in...
The Trade and Development Bank, the former PTA Bank, announced plans to gain a larger presence in Ethiopia and strategies to continue financing public and private projects. The Bank announced that it...
View ArticleLoan for Commercial Farms Resume
After almost a year, the Development Bank of Ethiopia (DBE) has resumed issuing loans for commercial agriculture investment. It will start to receive loan applications from February 1, 2017. The loan...
View ArticleDeloitte ranks Kenya behind Ethiopia in infrastructure spend
Ethiopia’s investment in roads, railway, industrial zones and power plants is the highest in Africa relative to GDP, well ahead of Kenya. An analysis by financial consulting group Deloitte shows...
View ArticleEthio-ICT industrial park set to admit 70 new companies
The Ethio-ICT industrial park said it is making preparations to raise the number of companies operating in the park to more than 70 at the end of this Ethiopian fiscal year (2016/17). About 20 local...
View ArticleChina pledges for wider cooperation worldwide
China has pledged to continue its worldwide economic cooperation in general, Ethiopia in particular in the coming years despite the spread of global nationalism, Chinese Ambassador to Ethiopia said....
View ArticleBagir to buy remaining 50% stake in Ethiopian manufacturing site for $1.9m
Fashion manufacturer Bagir Group is to buy the remaining 50% stake in Nazareth garments, the joint venture owner of its manufacturing site in Ethiopia, for 1.9 million US dollars in order to...
View ArticleOmo Kuraz II to Start Trial Production
Ethiopian Sugar Corporation disclosed Omo Kuraz II Sugar Factory, one of the mega projects being undertaken by Ethiopia’s Government, would start trial production after 1 month. Omo Kuraz II is one of...
View ArticleFrance’s Axereal to build Ethiopia factory, boost malt processing
French grain co-operative group Axereal is to build a malt processing factory in Ethiopia and expand capacity at its export hub in Belgium as it seeks to tap into rising demand for beer in emerging...
View ArticleBritish companies to invest in Ethiopia’s energy sector
Two British companies, Contingent Technology and Globeleq are interested to invest in Genale Dawa 6 electric power generation project. The leaders of the companies held discussion with Ethiopian...
View ArticleEthiopia looks to mining to add shine to its success
CAPE TOWN – Already a gem of an economic growth story, Ethiopia looks set to add significant shine to its economy through the development of its mineral resources sector. The East African country’s...
View ArticleNew corporation to administer 20/80, 40/60 condos
New corporation to administer 20/80, 40/60 condos A new draft is being prepared by the Ministry of Urban Development and Housing, which would combine the construction and administration of 20/80 and...
View ArticleChinese textile and apparel firms intensify investments in Ethiopia
Ethiopia keeps gaining momentum as a new sourcing country as a recent step by ten large Chinese companies – half of them textile and garment manufacturers. They have decided to invest in the East...
View ArticleSugar factories will feed over 200MW to national grid
The news sugar factories being built in various parts of the country could generate over 200MW from sugarcane by-product once they enter into production. The Ministry of Water, Irrigation and...
View ArticleAccor Hotels signs 3 new hotels in Ethiopia
Accor Hotels has entered into three partnerships with Ethiopian investors for the construction and management of 3 hotels in Addis Ababa. A 162 keys Mercure located in the vicinity of the United...
View ArticleDangote Plans to Expand Investment in Ethiopia
The richest man in Africa, Aliko Dangote, is planning to invest in the Sugar industry in Ethiopia. The Ethiopian government has invited the Nigerian business tycoon to invest in the sugar manufacturing...
View ArticleQatari Group to Open Real Estate Venture
Prime Minister of the Republic of Ethiopia H.E. Hailemariam Desalegn has received in his office in the capital Addis Ababa the Chairman of Ezdan Holding Group H.E. Sheikh Dr. Khalid bin Thani bin...
View ArticleLocal input suppliers linked to buyers at Bole Lemi Industrial Park
PRECISE and Economic Transformation Group (ETG) in collaboration with the Industrial Park Development Corporation’s Competitiveness and Job Creation Project organized a half-day business-to-business...
View ArticleJumia Travel launches flight services
Jumia Travel has today announced the unveiling of flights services for travelers, a move that will boost its services reach. The launch comes to the continent at a time when the second African Aviation...
View ArticleEthiopian Airlines to host ICAO Symposium
Ethiopian Airlines has announced it will host the International Civil Aviation Organization (ICAO) Global Aviation Training and TRAINAIR PLUS Symposium in Addis Ababa, Ethiopia. In a press release...
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