The Twins PLC, an Ethiopian Company announced plan to establish a paper products factory with 60 million birr capital. The Company's Managing Director, Lemma Habtemariam told ENA that the factory will create jobs for a number of citizens. The Company, established three years ago with 10 million Birr capital, has created jobs for some 40 citizens at present.
Add a comment Add a commentAlliance Transport Services S.C is to start providing commuter bus service in the City of Addis Ababa, Ethiopia. The company is awaiting permits from the City's road transport bureau.
Alliance Transport was established in 2009, the company now has 2,1100 shareholders and a 35 million birr paid-up capital. Alliance has purchased 25 buses at a cost of 36 million birr. The purchase is partially financed by Dashen Bank through loan arrangement, according to according to Adil Abdela, chairperson of Alliance’s board of directors. The Chinese manufacturer, Xiamen King Long Automotive Industry, delivered the buses two months ago.
Add a comment Add a commentPrecise Consult International PLC and Association of Chartered Certified Accountants (ACCA) Ethiopia will host “The CEOs Breakfast” forum on March 28th 2013 at the Sheraton Addis Hotel.
The quarterly event brings top business leaders to venue drawn from companies, government officials, donors, and international agencies and other business leader to discuss business issues in Ethiopia. Add a comment Add a commentThe Alliance of Women Entrepreneurship Program (AWEP), Ethiopian Chapter was officially launched on March 12, with a ceremony held at the Radisson Blu Hotel.
The Chapter's stated mission is empowering women entrepreneurs and helping them connect to the international market. Although officially inaugurated this week in Ethiopia, Alliance of Women Entrepreneurship Program has been in existence since 2006, informally known as the Women Entrepreneurs Group (WEG). Add a comment Add a commentGhion 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.
