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.
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.
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 the authority.
Ethiopia ’s total export earnings for the month of November, 2009 declines by around 5% compared to the previous month.
Former Nigerian President Olusegun Obasanjo, secured 2,000 square meters of land in Ethiopia to join hotel and tourism business.
Yetebaberut Beherawi Petroleum (YBP) Share Company, which is the first domestic company to start oil distribution in Ethiopia five years ago, announced that it is constructing 17 additional fuel stations in the country.
Following the emergence of big local companies in Ethiopia, online marketing is becoming popular and widely used by promoters of the new companies under-formation and existing firms.