Latest Business Alerts


Ethiopia's Anti-Corruption Watchdog Signed Contract with India's CSM

Ethiopia's anti-corruption watchdog, Federal Ethics and Anti-Corruption Commission signed contract with CSM Technologies, an Indian technology firm for a website design.

In a press statement it sent to Ethiopian News Agency on Tuesday, the Commission said the website will enable it to publicize the wealth of 60,000 government appointees.

Add a comment Add a comment
Read more...

Ethiopia: New Housing Plan for Employees of Government Corps.

The Ethiopian Ministry of Urban Development & Construction (MoUDC) is to launch a new housing program for individuals working in wholly or partially owned government corporations, Fortune reported.

The latest housing program is on top of the eight housing programs already underway. The program is scheduled to be launched on September 26, 2013.

Add a comment Add a comment
Read more...

Ethiopian Government Established New Agency for Agricultural Investment

The Ethiopian government has established a new agency tasked with regulation of large-scale agricultural investments, Capital reported. The Agriculture Investment Agency (AIA) was set up to regulate large-scale and mechanized agricultural investments on lands granted by the Ministry of Agriculture.

Abera Mulat, an agriculture expert at the Ministry of Agriculture, has been appointed as the director of the Agriculture Investment Agency.

Add a comment Add a comment
Read more...

Horizon Acquired Full Ownership of Bebeka Coffee Plantation & Horizon Addis Tyre

Horizon Plantations, subsidiary of MIDROC owned by the Ethio-Saudi billionaire Mohammed Al-Amoudi, has acquired full ownership of Bebeka Coffee Plantation S.C and Horizon Addis Tyre after it bought the Ethiopian government’s shares in both enterprises for 667.2 million Ethiopian birr.

The Ethiopian government’s share in Bebeka was 36 percent, which is sold for 207.8 million birr and  the governments share in Horizon Addis was 31 percent.

Add a comment Add a comment
Read more...