Ethiopia’s export to its neighbors (Somalia, Sudan and Djibouti) has increased over the past two years, while import declines.
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Ethiopia’s export to neighbors improves, import shrinks
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.
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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…
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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…
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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…
Read MoreChina, 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…
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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…
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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…
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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.
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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.
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YBP to construct 17 fuel stations In Ethiopia
Yetebaberut Beherawi Petroleum (YBP) Share Company, which is the first domestic company to start oil distribution in Ethiopia five years…
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Ethiopian businesses target online marketing
Following the emergence of big local companies in Ethiopia, online marketing is becoming popular and widely used by promoters of…
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