Owned by retired Olympic gold medalist Athlete Haile Gebrselassie of Ethiopia, Haile Hotels & Resorts has embarked on the 11th hostel construction in Wolkite, Southern region of Ethiopia. During foundation laying ceremony on Sunday the owner of the company Athlete Haile Gebrselassie indicated that his company will be investing half …
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The Government of Russia may be behind the recent coups in African countries, says U.S. Army General Stephen J. Townsend Commander, U.S. Africa Command (AFRICOM). “You asked about the involvement of the Russians and the Chinese in these coups generally. We have not seen that – have not seen any involvement by the Chinese in …
Russia may be behind recent coups in Africa – says U.S. – etbaba.com Read More »
During a visit to the country by Patrick Pouyanné, TotalEnergies and Rwanda Development Board, a Rwandan public institution responsible for accelerating Rwanda’s economic development, have signed a Memorandum of Understanding (MoU) to develop collaboration on projects related to energies. The scope of the agreement covers in particular:The energy products distribution …
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One of the major energy companies in Russia, Energy solutions, electro technical holding company ERSO), has shown interest to invest in energy sector of Ethiopia. The company’s management led by Mr. Goran Malbasic, CEO of ERSO – Energy solutions, electro technical holding company with global presence is briefed by Ethiopian Embassy in Russia about investment …
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Ethiopian Airlines Group, which is 100 percent owned by the Government of Ethiopia, has investments in four African airlines and one logistics company. The gross profit of Ethiopian Airlines Group for the year ended June 30, 2020 has almost doubled to 13.44 billion Birr from about 7.74 billion Birr in 2019. Below are the list …
Ethiopian Airlines Group abroad investment update – etbaba.com Read More »
A group of civil societies involving 26 non-government organizations, has criticized Chinese investments in Zimbabwe urging China to place ordinary citizens at the center of its development in Africa. “We are proud Zimbabweans, masters of our own destiny. We neither pander to the West nor to the East. We place it on China that how …
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Ethiopia has attracted $1.34 billion foreign direct investment (FDI) during the first five months of the current budget year of Ethiopia started July 8, 2021. This is indicated by Lelise Neme, Investment Commissioner of Ethiopia who presented investment opportunities in the country for the Ethiopian diaspora in Addis Ababa …
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The latest decision made by the Government of Ethiopia not to enter Tigray Region chasing the TPLF fighters has put the ball to end the war in the field of TPLF, says Ethiopian higher official. Deputy Prime Minister and Foreign Affairs Minister Demeke Mekonnen made the remark in his …
Ethiopia says the ball to stop war is in TPLF’s field – etbaba.com Read More »
The Government of Ethiopia is set to introduce a new investment company, labeled Ethiopia Investment Holdings (EIH). The Council of Ministers of Ethiopia on Wednesday gave green light for the establishment of EIH after discussing on the draft law and reflecting on the mission and goals of the new …
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Puratos Ethiopia has announced today that it has built the first of its kind food manufacturing factory and innovation hub in Ethiopia. The innovation center which is established at Wello Sefer, Addis Ababa was inaugurated today in the presence of invited guests, distinguished clients and the media. Managing Director of the company Edouard Pot said …