UN agency launches report on extractive sector governance
Sudan’s Prime Minister, Abdalla Hamdok, and Economic Commission for Africa’s (ECA) Executive Secretary, Vera Songwe, on Friday launched…
October 2020
Ethiopian Cargo wins an award
Ethiopian Cargo & Logistics Services, Africa’s largest network cargo operator and multiaward winner, has been crowned with the…
Electoral Board of Ethiopia demands $30 million additional budget
The National Electoral Board of Ethiopia (NEBE) demanded the government to provide additional 1.1 billion Birr (about $30…
Raxio set to construct Ethiopia’s first private data center
The Raxio Group (“Raxio”), a premier pan-African data center developer and operator, has officially secured land at the…
New fund to save jobs in Ethiopia’s textile industry
A $6.5 million fund set up between the UK and Germany in collaboration with the Government of Ethiopia…
Ethiopian American company eyes partner to diversify agribusiness
To diversify its existing agribusiness in Ethiopia, an Ethiopian – American company, ETHAMCO LLC, says it is open…
Ethiopia, Sudan, Egypt to resume negotiation
The interrupted negotiation among Egypt, Sudan and Ethiopia on Ethiopia’s mega hydro dam under construction, resumes today.
Bunna Bank rewards hard currency generating customers
By Sisay Woubeshet – Bunna International Bank, one of the 16 private banks in Ethiopia, today awarded customers…
Asbeza Delivery eyes ecommerce boost in Addis Ababa
Asbeza delivery, one of the emerging online grocery delivery platform in Addis Ababa, Ethiopia, eyes significant growth in…
Family Milk of Ethiopia to commence export
Family Milk, one of the top dairy product brands in Ethiopia processed by MB-PLC, is set to commence…
Adapting to Ethiopia’s business culture
By Fanuel Haile – Recently, I was discussing about business relationship with a trade commissioner of one of…
Rockefeller Foundation commits $1 billion for green recovery from pandemic
The Rockefeller Foundation will commit USD1 billion over the next three years to catalyze a more inclusive, green…
Ethiopian police seizes 10 illegal Kalashnikov guns
Ethiopian police seized 10 illegal Kalashnikov guns with many bullets from smugglers around Guraferda area in Benchi Sheko…
President Trump dealmaker or war advocate?
By Aregu Balleh- About a year ago President Trump contested the decision of the Norwegian Nobel Committee to…
Road traffic accidents in Ethiopia claim over 4,100 lives
During the Ethiopian calendar year ended July 7, 2020, a total of 4,133 people have lost their lives…
Ethiopia jails Cameroonian engaged in printing U.S. dollar
The Addis Ababa Police Commission captured a Cameroonian national engaged in printing U.S. dollar notes and converting to…
How formalizing informal exporters supports Ethiopian economy
WEEKEND READING = By Andualem Sisay Gessesse – Yifter Kebede (39) has been working in shoes factories for…
Africa loses millions of dollars to aflatoxins
By Tandong Calistus Jong – Africa cumulatively loses more than 670 million US Dollars annually in lost exports…
Cape Town set for first Hyatt Hotel
Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into a management agreement with South African…
Ethiopia set to introduce centralized bank borrowers database
With objective of decreasing nonperforming loans of banks, the National Bank of Ethiopia is set to introduce a…
COVID-19 challenge, opportunity in Addis Ababa
Mekonnen Teshome and Tesfaye Abate – Ethiopia has long struggled with access to clean water. But the spotlight…
Ethiopia attracts half a billion dollar FDI in three months
The Investment Commission of Ethiopia says the country has half a billion foreign during the first quarter of…
Ethiopia to help vandalized investments recovery
The Government of Ethiopia is preparing a recovery package that will help businesses vandalized by mobs came out…
Ethiopia GDP surpasses $100 billion says PM Abiy
The Gross Domestic Product (GDP) of Ethiopia has increased last year to 3.375 surpassing $100 Billion for the…
Ethiopia repatriates 993 immigrants from Saudi, Tanzania, Djibouti
In the last three weeks Ethiopia has repatriated 993 citizens migrated illegally to Saudi Arabia, Tanzania and Djibouti,…
Ethiopia distributes 96 billion Birr new currency notes
The National Bank of Ethiopia said it has distributed over 96 billion Birr (about $2.6 billion) valued new…
MIDROC Ethiopia, Alkhorayef Industries ink partnership agreement
Mohammed International Development Research and Organization Companies (MIDROC) Investment Group of the Ethio-Saudi tycoon Sheikh Mohammed Hussein Ali…
Local farmers to supply in-flight meals to Ethiopian Airlines
Ethiopian Airlines and the United States today partnered to enable the nation’s flagship carrier to source locally grown…
Ethiopian police jails 95 criminals for tax fraud, corruption
In the last three months the Federal Police of Ethiopia jailed 95 criminals suspected of tax fraud, corruption…
Bunna Bank of Ethiopia focuses in Corporate Social Responsibility
With the objective of proactively engaging in Corporate Social Responsibility (CSR) activities in an organized manner, Bunna International…