Ghion Hotels Enterprise will again be offered for another round of sale by the Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA),as previous bid failed to attract buyers.
The Privatization Agency is hopeful the bid will attract potential byers as it has adjusted the floor price of the property, previously set at USD 150 million.
Samsung, a South Korean multinational technology company, has completed agreement with the Ethiopian government to establish a laptop and printer assembly plant in Ethiopia in a few months time.
During the Fourth International Samsung Conference, which saw more than 2000 participants, Samsung Electronics East Africa's Chief Operating Officer, Robert Ngeru, told journalists on March 13 in Cape Town, South Africa, Samsung has finalized agreements with Ethiopian, Kenyan and Sudanese governments to set up assembly plants in the three east African countries.
Ethiopia is registering promising results by implementing Kaizen in 40 medium and high scale industries and businesses over the past eight months.
Professionals and experts drawn from several African countries are in Ethiopia to share best practices.
Speaking on the occasion, Ethiopian Industry Minister, Mekonnen Manyazewal said the Kaizen leadership philosophy is facilitating the nation’s endeavor to transform itself to an industry-led economy.
According to ERTA, Japan International Cooperation Agency (JICA) on the occasion vowed to strengthen technical support in the efforts to apply the Kaizen leadership philosophy for Africa’s development.
Source: Walta
Add a comment Add a commentThe Minister of Communication and Information Technology in Ethiopia has successfully introduced unified utility billing system. The Ministry has completed 79 per cent of client registration within a month for inclusion in the new billing system. The billing system is aimed at improving utilities billing systems in Ethiopia.
According to Debretsion Gebremichael, Deputy Prime Minister and Minister of Communication and Information Technology, the confusion and long queues created in the initial stage of the system a month ago has now been cleared and solved.
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Ethiopia's inflation rate for food items for the Ethiopian month of Yekatit (February 8th-March 9th) plummeted to a single digit 7.9 per cent. The overall national inflation rate also fall to 10.3 percent for the same period, according to the Ethiopian Ministry of Finance and Economic Development.
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