Ethiopia Sets $US30 Billion Textile Export Target for 2030
Ethiopia has set a target of $US30bn in export earnings by 2030 for the country’s fledging textile and garment sector. The Ethiopian Ministry of Industry made the remarks during a workshop to promote...
View ArticleEthiopia overtakes Kenya as economic giant of East Africa
Ethiopia has officially overtaken neighboring Kenya as East Africa’s economic giant. According to International Monetary Fund (IMF) figures, Ethiopia’s annual economic output (i.e. Gross Domestic...
View ArticleBRICS, China and Ethiopia Promote Industrialization
BRICS ministers adopt new industrial action plan The industry ministers from Brazil, Russia, India, China and South Africa (BRICS) adopted a new action plan to deepen industrial cooperation among the...
View ArticleGERD Foundation for Peace, Bonds of Cooperation between Neighboring Countries
Ethiopian origin, has become an engine of development through reinforcing national consensus. Moreover, it has become the foundation for peace by strengthening bonds of cooperation between neighboring...
View ArticleEthiopia Sees Growing Trend of Business to Business Meetings with Other...
Ethiopia has hosted over 40 business to business meetings with companies arriving from about 35 countries during the last two years, according to Addis Ababa Chamber of Commerce and Sectorial...
View ArticleEthiopia and UK Sign Energy Compact
British Ambassador to Ethiopia Susanna Moorehead, signed an energy compact with Minister of Water, Irrigation and Electricity of Ethiopia Dr. Engineer Sileshi Bekele. The compact, which is part of the...
View ArticleCompany Introduces Tire Protector Gel to Ethiopian Market
Tire Protector Ethiopia, a private company introduced tubeless tire protector gel to the market. The gel offers permanent guaranteed puncture protection for the life of the tire, according to Bacha...
View ArticleAddis Ababa to Host Finnovation Africa Event
The Ethiopian capital, Addis Ababa, will host the finnovation Africa Event, which is scheduled to be held on November 3, 2017. The event aims at connecting startup entrepreneurs with investors and...
View ArticleOver 210 mln Birr Three Quarantine Centers Completed
Three live animals quarantine centers, whose construction launched six year ago at a cost of 210 million birr, have been completed, the Ministry of Livestock and Fisheries said. Built in Jigjiga,...
View ArticleEthiopia’s Economy Remains Positive despite Drought
The overall growth of Ethiopia remains positive despite being affected by drought, claims the recent World Bank 5th Ethiopia Economic Update. Focusing on wages and employment in a crowded labor market,...
View ArticleAddressing Quality Gaps to Boost Agricultural Export
Generating 882.4 million USD in 2016/17, coffee hits record amount Ethiopia’s economy is in the realms of a dominant agriculture sector, which displays the diversification of commodities to export for...
View ArticleMekele to Get Large Resort near Al-Najashi Mosque
With USD 150 million Nigerian investor, Dr. Wanle Akinboboye, has partnered with a local company, O’clock General trading Plc, to construct a 500 bed resort near Al-Najashi Mosque in Mekele. The first...
View ArticleEthiopia Shines with Sapphire Emerald
Ethiopia has earned 7.8 million dollars from the export of 2,031kg of the newly discovered precious gemstones of sapphire and emerald. The exported sapphire is blue, and it was extracted from Tigray...
View Article500 KV Power Line for Ethiopia and Kenya
Two Horn of Africa nations, Ethiopia and Kenya, managed to become the first countries in the region to set up a 500 kilovolt power line. When it is completed, it is said to have the capacity to...
View ArticleEthiopia to Host 11th African Corporate Governance Conference
The 11th conference of African Corporate Governance Network is scheduled is taking place this week here in Addis Ababa. The three day conference is held August 9 to 11, 2017 in collaboration with...
View ArticleA Journey along the New Beijing Backed Ethiopia-Djibouti Rail
The shoe factory felt endless. Thousands of Ethiopians in yellow and red jumpsuits sat in neat rows beneath a cavernous ceiling, assembling, inspecting, and packaging women’s shoes. Overhead, red...
View ArticleEthiopia Keen to Learn from Sudan’s Livestock Resource development Utilization
Ethiopia is keen to learn from the best practices of Sudan in the development and effective use of livestock resource. The Ethiopian high level delegation led by Prime Minister Hailemariam Dessalegn...
View ArticleOpportunities Abound for Foreign Investment in Africa’s Hospitality Sector
The hospitality sector in Africa’s emerging markets looks set to profit from foreign investment and an influx of foreign travelers. The emerging markets are set to post faster growth in revenue than...
View ArticleEPSE Awarded Two Companies to Supply 1.2 Billion Birr worth Coal
Ethiopia’s fuel and coal sole supplier, Ethiopian Petroleum Supply Enterprise (EPSE), awarded Riftcot Limited and HC Trading PLC to supply 1.2 billion Birr worth agreement for the supply of coal to...
View ArticleNew Aviation Group Eyes Hilton and Ghion Hotels
The Ethiopian Airlines Aviation Group has proposed to take over the Addis Ababa Hilton and Ghion Hotels, two state owned hotels found in Addis Ababa. The new aviation group under establishment...
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