economy

AfCFTA urged to ensure level playing field for African sugar producers – etbaba.com

The African Sugar Development Task Force (ASDTF) called on the African Continental Free Trade Area to ensure a level playing field for African sugar producers as member state negotiators aim to finalise trading rules under the African Continental Free Trade Agreement (AfCFTA) by January 2021. The call is made today during a webinar hosted by …

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Ethiopia inaugurates COVID-19 testing kits manufacturing – etbaba.com

Prime Minister of Ethiopia, Abiy Ahmed today inaugurated coronavirus (COVID-19) test kit manufacturing factory in the capital, Addis Ababa. The new factory is constructed by the Chinese company, BGI Health Ethiopia. It is stated that the company has several pharmaceuticals and medicines manufacturing factories in many countries. Constructed inside Bole Lemi Industrial Park, the new …

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Ethio telecom to sell 5 percent share to domestic investors – etbaba.com

The Government of Ethiopia announced its plan to sell five percent of the share of the fully state owned and only telecom operator in the country, Ethio Telecom. This is indicated at a panel discussion held this morning to assess the progress made to partially privatize Ethio Telecom at the Prime Minister’s Office. It was …

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Walia urges Ethiopian government to solve forex shortage – etbaba.com

Walia Steel Industry Private Limited Company, one of the fastest growing manufacturing industry in Ethiopia, urged the Government of Ethiopia to address the foreign currency shortage and allow the company to be able to use its full manufacturing potential. General Manager of Walia, Badege Kebede told NewBusinessEthiopia.com that the company couldn’t be able to import …

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Amio Engineering to commence tractor assembly – etbaba.com

Amio Engineering Private Limited Company, which has manufacturing machinery spare parts and molds for close to two decades, plans to commence tractor assembly in Ethiopia. The company has been engaged in producing some parts of tractor over the past years and related agricultural machineries, according to Ibrahim Yassin, General manager and one of the founders …

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How two former Ethiopian civil servants create 70 jobs – etbaba.com

Founded by two dedicated entrepreneurs who decided to leave their jobs as civil servants 18 years ago, Amio Engineering PLC, has now created 70 permanent jobs after going through so many ups and downs. One of the founders of the company and General Manager of Amio Engineering PLC, Ibrahim Yassin told NewBusinessEthiopia.com that out of …

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One Purified Water boosts production nine fold – etbaba.com

One Purified water, one of the major water bottled water brands by Mogle Bottling Water Manufacturing – the sister company of ABBAHAWA Trading Private Limited Company, has increased its production capacity nine fold in five years’ period. Enyew Zeleke, General Manager of ABBAHAWA Trading PLC told NewBusinessEthiopia.com that the company’s installed capacity, which was 14,000 …

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Azerbaijani investors eye fertilizer, food, petrochemical industries in Ethiopia – etbaba.com

Azerbaijani investors eyes fertilizer, furniture, petrochemical and food industries in Ethiopia, says, Azerbaijan Ambassador in Ethiopia. In an exclusive interview with NewBusinessEthiopia.com, Elman Abdullayev, Azerbaijan Ambassador to Ethiopia, Kenya and Djibouti indicated that investors from his country have been exploring opportunities in Ethiopia and Africa in general over the past years. Most recently a group …

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Ethiopia’s first electric car assembly goes operational – etbaba.com

Marathon Motors of Olympic record holder Ethiopian athlete and investor, Athlete Haile Gebrselassie, has introduced today the first electric car assembled in Ethiopia. The new electric automobile assembled in Ethiopia is the brand of South Korea’s Hyundai and can be charged at home like a cellphone. It can travel 304 kilometres after fully charged at …

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