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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Cement price in Ethiopia stabilizing,says Ministry The Ministry of Trade and Industry of Ethiopia said the price of cement has been stabilizing over the past days as a result of regulatory measures taken by the Ministry. The price of cement which was almost doubled to around 450 birr (about $13 at current exchange rate) per …
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Ethiopia introduces 10 years plan to become prosperous NEWS – Planning Commission of Ethiopia introduces a ten years development plan that targets cutting the number of people living below poverty line by more than half. Fitsum Assefa (PhD), Minister of Planning and Development Commission, indicated that the plan focuses mainly on developing agriculture, tourism, manufacturing, …
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Ethiopia foreign debt declines to 25 percent Ethiopia’s foreign debt has declined over the past two years from 31 percent of its GDP to 25 percent, Prime Minister Abiy Ahmed said. Explaining the outcomes of his economic reforms, Prime Minister Abiy on Monday mentioned percentage of Ethiopia’s debt to GDP ratio as an example to …
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Ethiopia expects 6 percent economic growth Amidst the challenges faced by the outbreak of the global pandemic, coronavirus, Ethiopian economy is expected to grow by six percent this year, Prime Minister Abiy Ahmed said. Addressing the members of parliament on various topics this morning, Prime Minister Abiy stated that coronavirus has not only brought challenges …
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Imagining Ethiopia post COVID-19 BY ANDUALEM SISAY GESSESSE – At this point of time no one dares to estimate what our world look like or which one of our current habits and lifestyles will be changed forever post COVID-19. It is also hard to predict accurately how severely the global pandemic affects the economy of …