Latest Business Alerts

Bid for Privatization of Ghion Hotel Failed to Attract Buyers

The privatization bid for Ethiopia's biggest state-owned hotel, Ghion Hotel Enterprise, once again failed to attract buyers on the bid opening day held on Friday.  No bid documents were submitted sealed  when the box was opened in the bid hall of the Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA).

According to the information obtained from the agency, bid document for the hotel was sold to interested bidders, but apparently they didn’t submit their bid offers. Add a comment Add a comment

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The African Alliance for Food Processing Project Launched in Ethiopia

USAID, in collaboration with the Ministry of Industry of Ethiopia, launched the African Alliance for Food Processing Project in Ethiopia on Thursday, April 18, 2013.

The project is designed to increase the quality and competitiveness of Ethiopia’s food processing sector and to expand the availability of affordable and nutritious foods. Add a comment Add a comment

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Ethiopian Public Private Consultative Forum on Tourism Held

The Ethiopian Public Private Consultative Forum (EPPCF) on the tourism sector was convened on April 8 at the Sheraton Addis. in the presence Ethiopian government officials and representatives of the private sector has attended the event.

The discussion at the forum discussed issues concerning the  challenges the tourism sector is facing  and recommendations on how to tackle these problems. Add a comment Add a comment

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Tullow Found Encouraging Results in South Omo Concession

Tullow Oil, a multinational gas and oil exploration company headquartered in London, said it has found indications of the existence of oil with its concessions in the South Omo Basin, Southern Regional State of Ethiopia.

The company, in joint venture with Africa Oil (30pc) and Marathon Oil (20pc), began drilling a well in its Sabisa-1 bloc last January, 2013. Add a comment Add a comment

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MetEC to Buy Assembled Dozer from Beyo PLC.

Ethiopia's state owned Metals & Engineering Corporation (MetEC) contracted Beyo PLC  for the assembly and delivery of heavy duty construction machineries. Beyo has received 43.5 million Ethiopian Birr for the  delivery of six assembled LIEBHERR dozer, two weeks ago. Beyo is contracted to assemble  components manufactured by the German based LIEBHERR, according to the terms of the agreement.

The imported components for each machinery will cost 6.8 million Birr. The blades, imported from Ukraine,  will be manufactured in Ethiopia.

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