Tag: Business

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Ethiopian Airlines Had a Fruitful Year

Africa’s largest Airline Group, Ethiopian Airlines, is pleased to announce that it has ended yet another year of fast and profitable growth in 2016, highlighted

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Above 15,000 Business Licenses not Renewed

Addis Ababa Trade Bureau disclosed more than 15,000 businesses have returned their business licenses to the Bureau. The major factors, according to the Trade Bureau,

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Guest Houses Mushroom in Addis Ababa

The business of hospitality in Addis Abeba is booming, and many residents are trying to cash in by converting small homes and villas into guest houses. Many are individually owned

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Royal Tulip Plaza Hotel to open in Addis Ababa

Begez Business Group has given the management contract of a G+12 building in the Bole Atlas area to Louvre Hotels Group. They will open a hotel named Royal Tulip

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Algerian Investors to Invest in Ethiopia

Algerian investors showed great interest in investing in Ethiopia. It was during a business forum held in Oran, Algeria that investors revealed their interest. The business

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ET Switch Completed Transactions worth 1.2 Billion Birr

ET Switch SC, company established by the banks in Ethiopia and the National Bank of Ethiopia, disclosed it completed transactions worth 1,175,089,410 Birr since it

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Draft Policy in Favor of Private Airliners

New aviation policy has been prepared by the Ethiopian Civil Aviation Authority (ECAA) and the document is said to encourage large scale investment from private

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House Ratified 387 Million USD Loan

Ethiopia’s lower house, House of Peoples’ Representative, ratified 3 loans which will be used to finance 2 road construction projects in Addis Ababa and upgrading

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An Ethiopian contracts with Thai company to manage huge Ethiopian resort

A local real estate developer is putting in USD 150 million to partner with Thailand’s Dusit Thani to build Ethiopia’s biggest resort. Located in Legadadi, Oromia region, 23km from Addis

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Sugar Corporation Contemplating JV Agreements

Ethiopian Sugar Corporation is currently considering to join hands with investors from Ethiopia and abroad to build as well as manage sugar factories. Corporate Communication Chief

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World Bank Funds 100 Million Dollars for Refugee Project in Ethiopia

A new World Bank (WB) funded project promises improved living conditions for refugees camped across five regional states in Ethiopia. The Bank offered 100 million USD

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Ethiopia Parliament Approves Loan Agreements With China for Infrastructure Projects

Ethiopia's parliament on Tuesday approved three loan agreements worth over 380 million U.S. dollars made with the Chinese government and the Export-Import Bank of China

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