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 real estate company, Millat Properties, for the first Hyatt-branded hotel in Cape Town.
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 centralized database with credit information of all bank borrowers in the country.
COVID-19 challenge, opportunity in Addis Ababa
Mekonnen Teshome and Tesfaye Abate – Ethiopia has long struggled with access to clean water. But the spotlight that COVID-19 has shone on the sanitation and hygiene sector in Addis Ababa, the…
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 the country’s current fiscal year. Compared to last year the amount declined 20 percent.
Ethiopia to help vandalized investments recovery
The Government of Ethiopia is preparing a recovery package that will help businesses vandalized by mobs came out to streets in many towns of Oromia region after the assassination of famous Oromo…
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 first time, said Prime Minister Abiy Ahmed.
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, said the Ministry of Foreign Affairs of Ethiopia.
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 currencies notes since the country began replacing the old currency with the new ones.
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 Al-Amoudi inked a partnership agreement with the Saudi-based Alkhorayef Industries Company to boost Ethiopian…
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 produce and ingredients from local farmers for preparing in-flight meals for global passengers.
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 crimes and related crimes. Some were captured abroad. In collaboration with the Interpol.
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 Bank of Ethiopia said it is preparing CSR policy.
Forests still underrated as allies to curb rural poverty
Poverty is one of the greatest challenges facing humanity. Globally, one out of every 10 people lives in extreme poverty, defined by the World Bank as living on less than $1.90 per…
Ethiopia celebrates Global Handwashing Day
Today, Global Handwashing Day is celebrated in Ethiopia with the theme “I wash my hands properly to save lives,” which aligns with the recently launched global initiative led by WHO and UNICEF…