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 aims to save thousands of jobs in Ethiopia’s textile and garments industry, while helping…
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 to venture with interested but reliable local or foreign company.
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 who received remittance through its formal banking system.
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 ecommerce especially when the law that regulates the industry comes into practice.
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 export of its new long shelf life product, company CEO said.
Adapting to Ethiopia’s business culture
By Fanuel Haile – Recently, I was discussing about business relationship with a trade commissioner of one of the active embassies here in Addis Ababa, Ethiopia on forming partnership with companies from…
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 recovery from the Covid-19 pandemic.
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 zone of Southern region of Ethiopia.
President Trump dealmaker or war advocate?
By Aregu Balleh- About a year ago President Trump contested the decision of the Norwegian Nobel Committee to award Ethiopia’s Prime Minister Abiy Ahmed as the winner of the 2019 Nobel Peace…
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 by road traffic accidents.
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 local currencies.
How formalizing informal exporters supports Ethiopian economy
WEEKEND READING = By Andualem Sisay Gessesse – Yifter Kebede (39) has been working in shoes factories for many years. Most of the small and medium factories he has been working in…
Africa loses millions of dollars to aflatoxins
By Tandong Calistus Jong – Africa cumulatively loses more than 670 million US Dollars annually in lost exports trade alone due to aflatoxin contamination, because major agricultural commodities such as maize, groundnuts…