Latest Business News
Al Ghandi Auto Opens Representative Office in Ethiopia
The United Arab Emirates (UAE) based automotive company, Al Ghandin Auto Group, opened a representative office in Ethiopia’s capital, Addis Ababa, for the purpose of serving the East African...
Gullele Soap to Change to Share Company
Gullele Soap Factory Plc changed its business organization form to a share company with a capital of 80 Million Birr.
Gullele was owned by Fitsum Zeab, after he bought it from the Privatization...
Ethiopia Draws Asia Manufacturing Interest
For a long time, economists have discussed East Africa's chances to "get a foot in the door" of global manufacturing. China, as the world's leading hub for mass production, has become expensive due...
Camel milk producer over the hump
Berwaqo Milk Processing plc started producing camel milk with an initial capital of 15 million birr in Jigjiga; Somali regional state.
According To Capitan news Paper the company is preparing it...
Ethiopia becomes China’s top Export Destination
As Capital newspaper reported the growing relationship between Ethiopia and China continues as China overtakes Somalia as the top export destination for Ethiopia’s products and resources.
Due to...
Fuel retail pirce that was in July will continue in August; Ministry of Trade said.
As MoT’s report indicates retail price of fuel in July showed little increment compared to that of June.
The government decides this month price to remain constant in next month for price...
Beverage producers ordered to cut price
The Ministry of Trade last week ordered beverage producers to cut the recently surged market prices on their respective products.
In a meeting MoT called last week with beverage producers of soft...
Leaders resolve to fast track $24b Lamu project
President Yoweri Museveni along with Prime Minister Hailemariam Desalgen of Ethiopia, President Salva Kiir Mayardit and their host President Uhuru Kenyatta of Kenya have resolved to fast track the...
Awash Bank’s Deposit Reached 16.1 Billion Birr
Awash International bank (AIB) disclosed, during the past budget year it managed to raise its deposit from 13.1 Billion Birr to 16.1 Billion Birr.
Awash has also showed an increase in the loan it...
Ethiopian Airlines soon to launch a new sustainable tourism policy
The presentation of a first complete draft of a new sustainable tourism policy for Ethiopia is now just weeks away and stakeholders are meeting in Addis Ababa since yesterday for a broad consultative...
Court ordered Ermias Amelga’s access real estate shares to be sold for cattle sales fraud
The auction of shares in the exiled businessman’s troubled real estate company have been ordered, with no interest
Ermias T. Amelga, a cattle rustler? It looks like it could be the case, as the...
Available, But Non-Drivable
Addis Ababa, Ethiopia – As the Ethiopian economy sprints forwards at a fast rate – with annual growth of 10.5pc over the past decade, according to World Bank records – the demand for...
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