Over 6.6mln Birr Investment Raised at Lions Den by BlueMoon
In a historic event, the first-ever “Lions Den by blueMoon” held on September 1, raised an astounding 6.6 million birr in equity investment for four newly established share companies at idea stage,...
View ArticleEthiopian Chamber to set up private sector corporate social responsibility fund
A meeting organized by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) discussed on ways to set up private sector corporate social responsibility fund. In his opening remark at the...
View ArticleOnline Community Launches First African Startup Academy
Venture Capital for Africa (VC4A), an online community platform launches VC4A Startup Academy that has three learning courses each focusing on a different life-stage of a starting business. The Academy...
View ArticleEthiopian Exports First Ever Aluminum Profile
B & C Aluminium Plc, a.k.a. Inter Africa Extrusion Aluminium Factory, has started to export aluminium profiles for the first time to Egypt. It received an order of 500tn of aluminium profiles to be...
View ArticleHilton to manage first DoubleTree airport hotel in Ethiopia’s capital
Hilton has signed a management agreement with TAFBB Business to open DoubleTree by Hilton Addis Ababa Airport. The 106 guestroom hotel will be developed next to Addis Ababa Bole International Airport,...
View ArticleEthiopian Chamber Joins SRCIC
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) has joined Silk Road Chamber of International Commerce (SRCIC) as a member this year. The Chamber received its membership certificate...
View ArticleEgypt Tops Where to Invest in Africa Study, With Ethiopia and Rwanda on the Rise
Egypt, Ethiopia and Rwanda are up, and South Africa, Nigeria and Algeria are down, while all of Africa is at a crossroads in economic development, according to the newest edition of Rand Merchant...
View ArticleNEPAD Launches Infrastructure Financing For Africa Initiative
The New Partnership for Africa’s Development (NEPAD) – African Union’s economic development program, gathered international investors and CEO-level business leaders at the NASDAQ Stock Market on 18th...
View Article“The Quest for Change” brings light to Ethiopian Agriculture
A book entitled ‘The Quest for Change,’ Ethiopia’s Agriculture and Pastoral Policies and Strategies and Institutions by Demese Chanyalew was launched during a seminar held at the Ethiopian Agricultural...
View ArticleAmerican Chain Daycare Center Opens in Addis
Eyursalem Getu, the daughter of famous Ethiopian businessman Getu Gelete agreed to a five year franchise agreement with Good Beginning Day Care and Pre- school a US company to open a child care center...
View Article12 Construction Companies Competing for Hospital Construction
12 construction companies are competing against one another for attender floated for the construction of 3 general hospitals in Ethiopia’s capital. The tender is said to be worth 3.6 billion Birr. The...
View ArticleADNOC Distribution to sell Engine Oil and Lubricants in Ethiopia and Yemen
Service station operator Adnoc Distribution will sell engine oil and lubricant in Ethiopia and Yemen as it seeks to expand its presence in international markets. The new supply agreements for its...
View ArticleAfrica Integration Committee Set To Meet In Addis Ababa
The 10th Session of the Committee on Regional Cooperation and Integration (CRCI10) will be held in Addis Ababa from October 31 to November 2, 2017 under the theme ‘Implementation of the Continental...
View ArticleIndian Cabinet Approves Cooperation with Ethiopia
The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to sign the agreement between India and Ethiopia on “Cooperation in the field of Information, Communication and...
View ArticleEthiopia Joins Major Asian Bank
Ethiopia has joined the newly established multilateral financial organization, Asian Infrastructure Investment Bank (AIIB). It is the second African member after Egypt, which recently received an...
View ArticleItaly to Help in Textile Industry Development in Ethiopia
The Ethiopian Textile Industry Development Institute and the Italian Trade Agency signed a cooperation agreement for the enhancement of textile industry development in Ethiopia. Small, medium and large...
View ArticleLarge scale Garment Factory Construction in Mekelle near Completion
The first phase of DBL garment factory that is being constructed in Mekelle town, Ethiopia, is nearing completion and is expected to start production late February, 2018. The garment factory that is...
View ArticleIMF Releases Preliminary Findings of 2017 Article IV Visit to Ethiopia
The International Monetary Fund (IMF) staff team on Sep 26, 2017 released the preliminary findings and recommendations of the 2017 Article IV visit to Ethiopia. The staff led by Julio Escolano, Advisor...
View ArticleEthiopia enjoying positive investor sentiments but reforms needed – IMF
The International Monetary Fund (IMF) has praised Ethiopia’s economic strides for the year 2016/2017 but has also urged that reforms be undertaken to improve the business climate. In a release issued...
View ArticleEthiopia tourism revenue rebounds after 2016 dip
Ethiopia’s tourism sector generated over $3.32 billion in revenue with more than 886,800 tourists visiting the East African country during the 2016-17 fiscal year. The latest figures were disclosed by...
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