Ethiopia’s national carrier Ethiopian Airlines has announced that it will start flying to seven destinations in the next five months as it seeks to solidify its presence in Africa and globally.
[Ethiopia] The University of Gondar and Queen's University join the MasterCard Foundation Scholars Program
Ethiopia's University of Gondar and Canada's Queen's University today announced a 10-year, USD$24.2 million partnership to advance inclusive higher education for young people with disabilities in Ethiopia and Africa as part of The MasterCard Foundation's Scholars Program.
The Addis Ababa-Djibouti Railway, which connects Ethiopia’s capital to the Port of Djibouti has officially been opened.
Zabidar Beer SC has unveiled a new trend in the industry with the unveiling of pull off caps, also known as RipCap, the first of their kind in the Ethiopian market, avoiding the customary bottle openers.
A modern slaughterhouse built in Jigjiga town, Ethiopian Somali regional state, has begun exporting meat to the United Arab Emirates (UAE).
Ethiopia in June last year won a ‘non permanent’ seat on the United Nations Security Council. It officially commenced the two year tenure today.
Ethiopian Airlines will operate direct and non-stop services to Singapore from June 2017 using Boeing 787.
A Mauritius-based company, Ambo International Holding Ltd., has acquired 33 percent of government’s share in Ambo Mineral Water SC, bottler of the popular Ambo mineral water, at a price of $19.7 million.
The construction of Gibe III hydroelectric dam, which is located 470km south west of Addis Ababa, has been fully completed setting the stage for increased energy capacity for a country keen on ensuring electricity for all.
Kifiya Financial Technologies PLC a local start up has come up with an electronic ticketing and payment system meant to tame the congestion of long distance bus transport and respond to sanity in the roads.
Ethiopian Airlines is set to resume services to Conakry, capital of the Republic of Guinea, starting February 1st next year.
Getahun Nana, vice-governor and director of bank supervision division at the National Bank of Ethiopia (NBE), has been appointed to lead the Development Bank of Ethiopia (DBE), a policy-lender bank which has financed major investment projects in Ethiopia worth billions of birr over the years.
State owned Development Bank of Ethiopia has reworked its lending policy to cater to foreign horticulture investors as the country looks to entice international investors to invest more into the fledgling industry.
Juniper Glass has announced that it has received all regulatory approvals necessary to conclude the final investments in its US$70 million greenfield container glass factory in Debre Birhan, Ethiopia.
Heineken Ethiopia has rolled out an expansion project for its Qilinto brewery on the outskirts of Addis Ababa at a cost of $112 million as it seeks to boost production and efficiency. Upon completion the company will have the largest production capacity in Ethiopia’s brewery industry overtaking the current market leader BGI Ethiopia by one million hectoliter.
Ethiopian national carrier Ethiopian Airlines is set to commence five weekly flights to Oslo Norway through the Stockholm route with its ultra - modern Boeing 787 Dreamliner effective March 26, 2017.
Ethiopia is set to begin commercialization of biotechnologically developed cotton following the adoption of a law that granted experimentation rights both in labs and fields and the conduct of confined field trials of the BT cotton.
Morocco has signed an agreement with Ethiopia to build a giant fertilizer unit aimed at making Addis Ababa self-reliant in fertilizer by 2025.
Ethiopia has revised downwards the revenue targets of the current financial year to $3 billion dollars from last year’s $3.4 billion while adjusting inflow of tourist numbers to one million from 1.25 million set at the beginning of the year following months of protests.
International Finance Corporation expresses interest in funding Ethiopia Djibouti fuel pipeline project
The International Finance Corporation, IFC, the investment arm of the World Bank has expressed interest in financing the planned Ethiopia Djibouti fuel pipeline project.
Ethiopian government is set to cede 75 per cent shareholding of Beles Sugar Project located in Amhara region, to Turkish company Bedisa Group for $ one billion.
Ethiopian national carrier Ethiopian Airlines has insisted that it will continue flying to Nigeria despite the recent withdrawal by some airlines out of Lagos and Abuja.
[Ethiopia] Commercial Bank of Ethiopia staff charged with fraud as insider theft in banking sector rises
The Commercial Bank of Ethiopia has lost more than $314,000 to a bank fraud perpetrated at its headquarters. Twelve defendants, members of the same family, were charged with fraud and found guilty.
Total Ethiopia has partnered with Addis Ababa Institute of Technology to tackle the indiscriminate handling, management and disposal of used oil, a major contaminant of the ecosystem. The first phase of the partnership will be though a recycling study.
Ethiopia national carrier Ethiopian Airlines has unveiled in flight catering facility built at a cost of $15 million.
Ethiopian Electric Power and Standard Bank South Africa have signed loan agreement estimated at more than $100 million dollars aimed at financing the upgrade and rehabilitation of electric power sub-stations located in Addis Ababa.
Ethiopian Broadcasting Agency grants satellite TV licenses to three stations as it eyes digital migration
The Ethiopian Broadcasting Agency has inked a satellite broadcasting license agreement with Fana Broadcasting, Walta Information Center and Arki Broadcasting Services for a satellite TV broadcasting licenses
At a press conference, the CEO of the African Trade Insurance Agency (ATI) , George Otieno, along with H.E. Dina Mufti, the Ethiopian Ambassador and Gabriel Negatu, Regional Director, African Development Bank announced today that it is ready to begin covering transactions in Ethiopia and Zimbabwe.
BON Hotels, a hospitality company that owns, manages and markets hotels throughout South Africa and Africa, has taken on a second property in East Africa
Samuel Adnew has been appointed the new third vice president of Dashen Bank, a move interpreted as rewarding him for his long stint at the financial institution.
Indian IT multinational Tech Mahindra has been awarded the tender to implement the Business Intelligence System of the Addis Ababa Transport Programme Management Office (AATPMO) at a cost of $3.4 million.
Plans are at an advanced stage for a strategic partnership between Ethiopian Airlines and RwandAir comings months after Rwanda national carrier picked Ethiopian Airlines as its future strategic partner.
Enat Bank has signed a loan portfolio with the United States Agency for International Development (USAID) and the Swedish International Development Cooperation Agency (SIDA) that will allow it to cover up to 50 per cent of losses on a $10 million dollar loan.
The Ethiopia Commodity Exchange (ECX) has announced that its first online commodity trading center outside its headquarters in Addis Ababa as it seeks to reach out to more farmers and traders.
In a move meant to entice more customers and step up to growing competition in the banking sector, Dashen International Bank has announced plans to buy a hundred automatic teller machines (ATMs) to be placed in hotels, supermarkets and other areas.
[Column] Wayne Troughton, CEO, HTI Consulting: Positive Growth Forecast for East African Hospitality Sectors
“East Africa is expected to deliver the strongest real GDP growth in Sub-Saharan Africa over the next decade, according to BMI Research,” says Wayne Troughton, CEO of specialist global hospitality and tourism consultancy, HTI Consulting.
A new remittance service that allows Ethiopians to send money to directly to any mobile number in East Africa has been launched, becoming the first of its kind. This follows the inking of a deal between Homesend and Commercial Bank of Ethiopia.
Ethiopia’s vehicle assembly company Belayab Motors PLC has entered into an agreement with South Korean car manufacturer KIA Motors Corporation that will see the manufacturer assemble cars in Ethiopia even as it contemplates expanding such operations to the rest of Africa.
In a bid to accelerate its gold mine development project, British gold exploration and development company KEFI Minerals PLC has applied for a credit facility to the Development Bank of Ethiopia as part of its plans of raising $85 million in loan.
Uganda scored a double victory at the East African Power Industry Awards with the country not only winning the Special Recognition Award for outstanding leadership in the sector, but also scooping up the Award for Excellence in Power Transmission or Distributionfor the second year in a row.
Ethiopian Abebe Aemro Selassie has been appointed the director of IMF African department.
Ethiopia has finalized installation of transmission lines that will transfer power generated from the Ghibe III dam to the national grid in a landmark move that is set to boost electricity generation.
For the first time, Ethiopia is hosting a continental real estate conference that bring together key players to deliberate on trends and potentials in the sector.
Development Bank of Ethiopia has set aside $452million this financial year meant for financial lease.
In a bid to grow income and offer best airline package services to its customers, Ethiopia’s national carrier, Ethiopian Airlines is constructing a four star hotel costing $65 million.
Tanzania is set to sign a 400 megawatts power purchase agreement with Ethiopia which will cater to the country’s and region’s power needs in the next 25 years.
Ethiopian Airlines, the fastest growing and most profitable African airline, is pleased to announce that it will add a thrice weekly service, on top of its daily flights, to Guangzhou as of October 8, 2016. Hence forth, Ethiopian will operate eleven weekly flights to/from Guangzhou
As Ethiopian banks look to minimize errors associated with automatic teller machine transactions, Fintech, a Pan African information technology solutions and service provider has launched a technology that will come in handy for the banking sector.
Ethiopian airlines is set to start flights to Moroni, Comoros capital, in October this year as it looks to virgin routes to weather growing competition in the industry.
Canadian mine development company East African Metals has applied for a license from the Ethiopian government to start extracting gold and silver.
Mobile money provider M-BIRR has partnered Total Ethiopia to give customers a platform to pay for fuel, lubricants and even goods through their mobile system. The service is to be rolled out across 15 Total stations in the country.
Fana Broadcasting Corporation has been granted permission to transmit a commercial satellite TV station by the Ethiopian Broadcasting Authority.
As Ethiopia looks to railway transport to accelerate industrialization, the Ministry of Transport is readying itself with a bill that seeks to establish a regulatory body.
The Himrawi Investment and Trading Private Limited Company has invested $10million in construction of a ceramic factory as the country looks to local industries to tame biting shortage.
Ethiopia and Turkish deal that mulled creation of a salt manufacturing industry has come to fruition with the establishment of a $13.5 million plant covering 50,000 square meters at the Afar regional state in Northern Ethiopia
Ethiopian Airlines has launched Africa’s most technologically advanced aircraft Airbus A350 XWB on the London Heathrow route as it seeks to tap into more customers in a highly competitive industry
Africa’s hospitality company Bon Hotels is tapping into the growing demand for hotel and conference facilities in Ethiopia with new hotel set to be launched in the first quarter of 2017.
Ethiopian Airline, on Wednesday, August 3, launched its new aircraft, Airbus A350-900 series, at the Malam Aminu Kano International Airport, MAKIA, Kano.
Science and technology company, Merck, has announced that the largest delivery of praziquantel tablets ever shipped to Ethiopia recently arrived in Addis Ababa, the capital of the East African country.
This short survey is part of a major research project undertaken by Rotterdam School of Management at Erasmus University (The Netherlands) in collaboration with ESAMI and the Netherlands African Business Council.
Lagos and Dubai are the first stations to receive Ethiopian Airlines brand new Airbus A350 after Ethiopian Airlines last week became the first airline in Africa to take delivery of the ultra-modern airplane.
Ethiopian Airlines, the fastest growing airline in Africa, is pleased to announce that it has commenced scheduled thrice weekly flights to New York-Newark from Addis Ababa on 03 July 2016, via Lomé, Togo.
Kevin Avila: The Importance of Telemedicine through Satellite in Africa (Part 2): Ghana and Ethiopia
More than 50 percent of the population in African countries lives in rural locations, while most physicians in Africa only practice in bigger cities that have good infrastructure and a concentrated patient base. This leaves a massive gap in medical care.
The World Bank Board of Executive Directors today approved a US$200 million International Development Association (IDA)* credit to support the growth and development of Small and Medium Enterprises (SMEs) in Ethiopia.
ICAO has certified Ethiopian Aviation Academy as the ICAO Regional Training Center of Excellence - 18 May , 2016
Ethiopian Airlines is pleased to announce that Ethiopian Aviation Academy, the largest and the most modern aviation academy in Africa, has been recognized as ICAO Regional Training Center of Excellence on May 11, 2016 at the ICAO’s Global Aviation Training and TRAINAIR PLUS symposium held at Conrad hotel in Seoul, Korea.
A statement from Jay Ireland, President and CEO of GE Africa, has announced the intent of Yohannes Tilahun to resign from his position as CEO of GE Ethiopia as of May 1st 2016 to pursue other opportunities.
Africa Business Communities is coming to both Ethiopia and Kenya. This might be an excellent opportunity to meet! We will set up two open, informal meetings for our network members.
The International Centre of Insect Physiology and Ecology (icipe), and The MasterCard Foundation today announced a US$10.35 million (approximately 220 million Ethiopian birr) commitment towards creating employment opportunities for young people through beekeeping and silkworm farming.
Debritu Mogesse Lusteau is Ethiopian entrepreneur, founder of The Hague-based company Meskel, and co-founder of Moyee Coffee. She also plays intermediary between the European and the Ethiopian markets, facilitating financing and partnerships where necessary through her many years of operating in both continents.
Ethiopia plans to prevent more than half a million AIDS-related deaths and prevent up to 80,000 new HIV infections by 2020, according to the Federal HIV/AIDS Prevention and Control Office (HAPCO).
The Egyptian cable maker company called Elsewedy Electric Group is set to establish industrial zone in Ethiopia within the upcoming two years. This was stated at the African International Business Forum which was held in Egypt recently.
General Electric Company is looking to expand its business in African countries i.e. Ethiopia and Mozambique. Jay Ireland, president at GE Africa, expects revenue and headcount to double following the expansion, which will require investments in power, transportation, and healthcare segmen
In Egypt more than 1,500 public and private business delegates and state leaders agreed on 20-21 February to mobilise massive investments for the implementation of Africa’s largest trading bloc
Breedlove Foods, Inc., a Lubbock-based humanitarian relief organization, launched its national campaign "Breedlove for Africa: Spreading Hope One Meal at a Time" (#Breedlove4Africa) on Friday, January 29, 2016 with the goal of raising $75,000 in an effort to send three containers of its dehydrated food blends to countries in eastern and southern Africa.
Ethiopia wants to become a leading electricity exporter in Africa after reaching initial agreements with several neighbouring countries.
Ericsson has appointed three new Heads of Customer Units in the Region Middle East and East Africa. In a new geographical set-up that aims to increase focus and respond faster to customers' needs in key markets,
Namibian President Hage Geingob will on Thursday depart for Addis Ababa to attend the 26th Ordinary Session of the African Union Assembly of Heads of State and Government to be held in the Ethiopian capital at the weekend,
The Ethiopian Soil Information System has said that only eight months remains to finalize the country’s soil fertility mapping with 490 districts having so far been covered in the survey.
Yoadan Tilahun is Ethiopian entrepreneur, former HR Analyist with World Bank, and Managing Director of Flawless Events, headquartered in Ethiopia. Her interview with Africa Business Communities:
AfDB Approves U.S. $76.11-Million Loan for Four Towns Water Supply and Sanitation Improvement Program in Ethiopia
The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, January 13, 2016 approved a loan of US $76.11 million from the AfDB financing window to the Federal Democratic Republic of Ethiopia for the implementation of the Four Towns Water Supply and Sanitation Improvement Program.
The long awaited construction of Ethiopian Airlines' four star hotel has finally begun. Chinese Company, China National Aero-Technology is responsible for the construction and has committed to handing over the project in 720 days.
The government of Ethiopia has on Tuesday released a national Emergency Operational Plan for drought response in 2016
Ethiopia’s Ministry of Foreign Affairs on Tuesday disclosed the country’s plan to enlarge the volume of trade exchanges with its neighbors.
Nigeria and Ethiopia are set to enter into a technical partnership for joint trading of commodities for the two regions of East and West Africa and the two countries.
Ethiopian Airlines has announced that it has started new services to Durban, the 3rd destination in South Africa after Johannesburg and Cape Town on December 16, 2015 as per the following schedule.
German multinational the Bosch Group hosted the ground breaking 1st International Coffee Processing and Packaging Round Table in Addis Ababa, Ethiopia on Friday.
SES has announced the launch of SES Broadband, a flexible and customised high-speed broadband service, in South Africa, Ethiopia, Ghana, Kenya and Nigeria.
Maersk Oil has agreed to acquire half of Africa Oil Corporation’s shares in three onshore exploration licences in Kenya and a further two in Ethiopia.
Ethiopian Airlines has been named for the fourth year in a row as the Airline of the Year by the African Airlines Association (AFRAA) at its 47th Annual General Assembly held Tuesday, in Brazzaville, Republic of Congo.
African Union (AU) Commissioner for Human Resources Science and Technology (HRST), H.E Mr. Martial De Paul Ikounga, delivered a speech on behalf of H.E, Dr. Nkosazana Dlamini Zuma, Chairperson of the African Union Commission (AUC), at the African Ministerial Conference on Intellectual Property.
The new jetliner made by the European consortium Airbus A350-900 aircraft will conduct a demonstration flight on Wednesday in Addis Ababa, Ethiopia.
Ethiopia has announced plans to construct a USD 4 bn mega airport in Addis Ababa that is intended to serve as many as 120 mn passengers annually when it opens in more than a decade's time.
Air China, one of China's biggest airlines, on Monday made its maiden flightto Addis Ababa, capital of Ethiopia, which has become the second destination of the airline inAfrica, next to South Africa.
Standard Bank Group has expanded its already extensive East African footprint with the official opening of a representative office in Ethiopia.
Ethiopian Airlines, the leading, fast growing and most profitable African Airline, is pleased to announce that it has started new services to Yaoundé, Nsimalen International Airport on October 25, 2015.
Ethiopia and Switzerland want to further intensify and strengthen their good bilateral relations. It is with this aim that a Swiss delegation led by President Simonetta Sommaruga will be traveling to Addis Ababa this weekend.
Air China's New Winter/Spring Schedule Released, with Air Links to All the Six Continents Including Africa
Air China's 2015/2016 Winter/Spring Schedule has come into effect on October 25, 2015. The new schedule features 660 flights per week on average, up about 20% compared with its 2014 counterpart
Amref Health Africa, in partnership with its donors and sponsors, will invest a further $2.4million in maternal and child health programmes in Africa.
The European Union (EU) is going to provide 540 million euro in support of Ethiopia's road construction in rural areas for the next five years.