Economists advise Ethiopia to revise energy policy
Researchers at the Ethiopian Economic Association (EEA) advised Ethiopian policy makers to revise the existing national energy policy to overcome the current energy crises.
US advises Ethiopia to liberalize telecom, finance sectors
The United States government has advised Ethiopia to liberalize its telecommunications, banking and insurance sectors to attract broad foreign investment.
Saudi Star to install first rice processing plant in Ethiopia
Saudi Star Agricultural Development Plc, which is currently engaged in commercial rice farming in Ethiopia, is to construct rice processing factory with an investment capital of 125 million birr (around 9.6 million…
Ethiopia inaugurates new airport
The number of airports in Ethiopia increased to 15 after the capital city of Benishangul-Gumuz Reginal State, Assosa, gets a new airport this week.
Ethiopia’s export to neighbors improves, import shrinks
Ethiopia’s export to its neighbors (Somalia, Sudan and Djibouti) has increased over the past two years, while import declines.
Ethiopia’s fertilizer import bill triples
Ethiopia’s foreign currency spending on fertilizer import has almost tripled in December 2009 as compared to the previous month.
Oromia Insurance increases asset 43 percent
Oromia Insurance Company, which joined Ethiopian insurance business a year ago, announced that its total asset has grown by 43 percent.
Ethiopia inaugurates hydro electric power station
Ethiopia, which has been in a severe electric power shortage few months ago, finally adds a new 420 Mega Watt hydro power station to its national grid.
Exhibition opens displaying new universities
A photographic exhibition, which shows the 13 new universities built in Ethiopia over the past few years, opens at Goethe Institute last night January 11, 2009.
China, Ethiopia to boost trade to three billion USD
BY YENENEH SISAY – The Chinese government and Ethiopia announced that they are working to increase the bilateral trade between them to three billion USD by the year 2015.
Banking business in Ethiopia booming
Despite the global financial crises, banking business in Ethiopia is booming. Four new banks are currently under-formation while the existing ones continue announcing profit increment every year.
Authority revokes 82 business licenses
The Revenue and Customs Authority of Ethiopia over the past months revoked trade licenses of 82 businesses for not starting to use the sales registering machine on the time table set by…
Ethiopia’s November export declines 5 percent
Ethiopia ’s total export earnings for the month of November, 2009 declines by around 5% compared to the previous month.
Former Nigerian president to invest in Ethiopia
Former Nigerian President Olusegun Obasanjo, secured 2,000 square meters of land in Ethiopia to join hotel and tourism business.