New bottled water brand enters Ethiopia market
Goldwater, a subsidiary of Gold Group and the latest entrant in the bottled water sector announced the launch of their Goldwater brand in Addis Ababa, Ethiopia.
Bid to supply pesticides to Ethiopian corporation (Tender)
Invitation for bid from Ethiopian Trading Businesses Corporation, the state agency, to supply pesticides and spraying equipment. Tender No.ET-ETBC-CPU/NCB-10/2019
Ethiopia set to launch first satellite on Friday
EtRSS1, Ethiopia’s first satellite, will be launched next week on Friday morning December 20 around 6 o’clock from China space station – some 500 kilometers from the capital Beijing.
Berhan Insurance of Ethiopia profit increases 24%
Gross profit (before tax) of Berhan Insurance, the sister company of Berhan Bank, has increased by 24% to 25.5 million birr ($818,882 at the current exchange rate) during the budget year concluded…
Debub Global Bank of Ethiopia profit doubles
Debub Global Bank of Ethiopia has made gross profit (before tax) of 284 million birr (close to $8 million at the current exchange rate), which is double compared to the previous year…
German bank invests 300 million Euro in Ethiopia
KfW Development Bank of Germany has invested over 300 million Euro in Ethiopia over the past years supporting vocational education.
Africa-Europe cookbook launched in Addis
A cookbook comprising cuisines of different countries from Africa and Europe is launched in Addis Ababa, Ethiopia last week.
USAID, Awash Bank to help small agribusinesses in Ethiopia
The U.S. Agency for International Development (USAID) and Awash Bank announced a new partnership that provides $6.4 million to microfinance institutions and small- and medium-sized agricultural businesses in Ethiopia.
Ethiopia earns $916 million from export
Ethiopia has earned a total of $916 million from export of different commodities and electricity over the first four months of the current budget year started July 8, 2019.
Ethiopia collects $3.5 billion tax in five months
The Government of Ethiopia has collected a total of 109.2 billion birr (about $3.5 billion at the current exchange rate) tax during the first five months the current budget year.
Ethiopian Epiphany becomes world intangible heritage
The United Nations Educational, Scientific and Cultural Organization (UNESCO) on Wednesday announced inscribing Ethiopian Epiphany on UNESCO’s Representative List of Intangible Heritage.
Ethiopians colorfully welcome Nobel Peace Laureate
Ethiopians welcomed colorfully this morning the 2019 Nobel Peace prize laureate, Prime Minister Abiy Ahmed, who traveled to Oslo this week to receive his award.
IMF to provide seven-fold finance to Ethiopia
Supporting Ethiopia’s home–grown economic reform, the International Monetary Fund (IMF) has agreed with Ethiopian government at technical level to provide the latter 700% more than its quota.
African digital economy meeting opens in Addis Ababa
Trade and technology experts from across Africa today met in Addis Ababa, Ethiopia, for the first session of the committee on private sector, regional integration, trade, infrastructure, industry and technology organized by…