The Government of Ethiopia has unveiled new currency notes replacing the old ones, Prime Minister Abiy Ahmed, said. He made the statement on Sunday indicating that all the paper 5 Birr, 10 Birr, 50 Birr and 100 Birr notes will be replaced with new notes. He also indicated that the country will also introduce 200 …
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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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 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 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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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, 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 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 …
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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Ethiopia attracts 12 major telecom operators for two licenses Following the launching of Expression of Interest process for the issuance of two new full-service telecommunication licenses in Ethiopia, 12 major telecom operators have shown interest. On its statement Ethiopian Communications Authority (ECA) said it has received complete information and expression of interest from the Global …
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