2merkato

Ethiopian woman entrepreneur, Samrawit Moges, was honored, as one of a 100 women from across the globe, with inspirational achievements. The award, organized by The International Alliance for Women, was held in Washington DC on the 27th of October.

“We have been inspired and humbled by the stories of people like you who, often without fanfare, have taken action to support women’s economic empowerment and advancement in society and business” read the letter of award to Samrawit.

Samrawit is the first Ethiopian to be honored in the entrepreneurial category. She was nominated by Nigist Haile founder and Executive Director of the Center for African Women Economic Empowerment and honorary member of TIAW.

Ethio-German Konnect (EGK), a forum and networking event, was opened on Wednesday. The business forum is expected to create business opportunities for Ethiopian and German entrepreneurs.

The three day event will present various elements of Ethio-German business relations including private sector development partnership, investments and joint ventures.

EGK is organized by the Returning Experts Program of the Center for International Migration and Development.

Businesses located in the lobby of the Hilton Hotel, Addis Ababa, Ethiopia are to stop services as of the 31st of December.

The Hilton administration made the decision to temporarily close business activities in the hotel lobby because of complaints from customers said Vijay Shanker, Director of Business Development for the hotel.

Ethiopian Minerals Development S.C requested a loan of 166 million birr from the Development Bank of Ethiopia. The loan will finance the company’s expansion project on the Kenticha tantalum mine.

The expansion project requires an investment of 166.8 million birr to increase the production of tantalum concentrate. The new production line will aim to bring production capacity to 300 tons increasing the company’s revenue to 587.3 million birr.