Latest Business Alerts

Ethiopian Leather Company Announces Benefits of Chinese Policy

The China-Africa Overseas Leather Factory, Ethiopia announced that Chinese tariff free policy for exports from least developed countries is a benefit.

The tariff free policy allows products to be competitive in the international market according to Yacob Tadesse, Administrative Manager of China-Africa Overseas Leather Factory.

The policy also encourages other investors to come to Ethiopia to invest because of the advantages it provides to export to China he explained.

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Castle to Make Wine in Ethiopia

Castel Winery has begun production in Ethiopia. The winery was established in Oromia Regional State at a cost of 300 million birr.

The Winery will have the capacity of to produce more than 500,000 bottles of wine in six months according to Fithanegast Aynalem, General Manger of the Winery.

Castel aims to double the foreign exchange being earned by the wine sector in Ethiopia by exporting more than a million bottles of wine to Europe, Eastern and Southern Africa and the United States.

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Ethio Telecom Calls Back Laid off Employees

Employees of the former Ethiopian Telecommunication Corporation have been called back by Ethio Telecom. Ethio Telecom is forming a new company ‘Hidasse’ Telecom Supportive Share Company’ which will offer employment to all laid off ETC employees at their previous salaries.

Former ETC employees who accept the employment with ‘Hidasse’ will not be considered as employees of Ethio Telecom.

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