Ethiopia Ranks 10th Fastest Growing Nation Brand
Ethiopia was named 10th Best Performer Nation Brand of 2014 with its Brand Value increasing by $4billion and ranking three places higher than its position during the previous year. Brand USA continues...
View ArticleCBE to Continue Branching Out Oversees
The Commercial Bank of Ethiopia (CBE) has been contemplating the idea to open overseas branches; including in Ethiopia’s sea gateway, Djibouti. Efrem Mekuriya, communications manager of the bank, told...
View ArticleIsraeli Energy Company AORA brings Hybrid Solar Power to Off-Grid Locations...
Solar energy is an ideal solution for the power needs of the developing world – except for one problem: It stops working when the sun goes down, at precisely the time power is needed to turn the lights...
View ArticleOil Price Decline Lightens Import Bill
Following a sharp decline in international oil prices, Ethiopia’s oil import bill for the current fiscal year is expected to go down by 600 million dollars, an estimated 21 percent of the overall...
View ArticleBritish Investors Express Interest to Invest in Ethiopia
The Ethiopian Investment Commission presented investment opportunities in the country to British and other foreign investors yesterday at the Hilton Hotel. Ethiopian Investment Commission Director...
View ArticleAddis International Catering Enters Market
Company launches with 25 million dollars of capital in 2008 with a production capacity of 15,000 meals a day Addis International Catering (AIC), a subsidiary company of the MIDROC Group, owned by...
View ArticleA Frontier Market Beckons
After a successful global bond issue, Ethiopia emerges as a frontier market to watch out for. Its recent road show in India underlined its confidence and ambition to be an economic dynamo “We promise...
View ArticleManufacturing Sector needs Financial Institutions’ Support
The 10th Ethiopian Public-Private Consultative Forum was held yesterday in order to identify the basic problems that impede the productive capacity of the manufacturing sector and establish the...
View ArticleEthiopia Invited to Take Part in Dubai’s Annual Investment Meeting
Organizers of Dubai’s Annual Investment Meeting invited Ethiopia to take part in the event to be held in March 2015. The organizers extended the invitation to President Mulatu Teshome today. The...
View ArticleEgyptian Group to Set up Industrial Zone in Ethiopia
The Ethiopian Ministry of Industry has received an offer from Elsewedy Electric Group to establish an industrial zone in Ethiopia according to a statement from Elsewedy. The Ethiopian government...
View ArticleEthiopia Bond Yield Increases in a Week
Following the global fall in the price of oil, the percentage yield of Ethiopia, a return that investors will receive on holding a bond to maturity, increased from 6.625pc to 7.82pc. According to...
View ArticleNew Meat Processors in the Making
Euro Foods, a French-based meat processing firm, is considering setting up meat processing plants in Ethiopia as more and more foreign companies are drawn into the sector. In his recent interview with...
View ArticleTariff Agreement Increasing Trade Volume between Ethiopia, Norway
The preferential tariff agreement signed between Ethiopia and Norway has increased amount of Ethiopia’s exports to the later, Norwegian Ambassador Andreas Gaarder said. The Ambassador said this...
View ArticleEthiopia to Start Using Sudanese Port to Import Goods
Ethiopian state minister of transport and communication Ato Getachew Mengestie has said that Ethiopia is to start using Sudanese port for importing goods. Till now Ethiopia was using Sudanese port for...
View ArticleTebarek Comes to the Oil Market as Tenth Distributor
A new local oil company called Tebarek oil is on the way to the market starting from the coming New Year 2015 with its depot located in Awash town, 273km from the capital city in eastern Ethiopia. The...
View ArticleModernizing Coffee Value Chain Bearing Fruits
The Ministry of Trade announced that promising results have gained from the activities carried out to modernize the value chain for coffee. Because of the efforts, amount of coffee supplied to the...
View ArticleAfrica’s First Insulin Factory
Julphar Pharmaceutical expands existing factory to create insulin factory with aim to make Ethiopia the insulin hub of Africa Julphar Ethiopia Pharmaceutical Industry, which was inaugurated in February...
View ArticleNew Print, Packaging Company to Launch
Newaman Metal Packaging Manufacturing Plc to start manufacturing by July 2015 A new Ethio-Italian company is to join the print and packaging industry in Ethiopia. The company is owned by the Italian...
View ArticleStakeholders discuss Ethiopia’s Extractive Industry
Ethiopia’s Extractive Industries Transparency Initiative (EEITI) national secretariat brought together national stakeholders for a conference on 24-25 December 2014, on the contribution of the mining...
View ArticleEAC Most Ambitious Economic Bloc, Most Integration Savvy on the Continent
The East African Community (EAC) has made the most progress on integration and is the most ambitious of all regional economic communities (RECs) in Africa. According to the latest report on regional...
View Article