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Ethiopia to Release New Tourism Logo Soon

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Published on 12 January 2016
Category: Ethiopian Business News

The Ministry of Culture and Tourism (MoCT) unveiled preparation of the new Ethiopia’s tourism logo has been finalized.

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Aksum Town Secures over 74 Million Birr Revenue from Tourists Coming to Ethiopia

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Published on 12 January 2016
Category: Latest Business Alerts

The historical town Aksum located in Tigray Regional State of Ethiopia has secured over 74 million Birr revenue from tourists in the past six months, according to its Culture and Tourism Bureau.

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Ethiopia Plans to Build Small Dams in Five Regional States in GTP II

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Published on 12 January 2016
Category: Latest Business Alerts

The Ministry of Water, Irrigation and Electricity announced plans to undertake 105 dam construction projects on small rivers in GTP II period, Ethiopian News Agency (ENA) reported.

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Bureau, Cooperative Unions in Ethiopia Sign Agreement

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Published on 11 January 2016
Category: Latest Business Alerts

The Addis Ababa City Administration Trade Bureau on December 31, 2015, has inked a deal with the three Oromia Cooperative Unions namely Maqi-Batu, Awash-Malka and Bacho for the supply of agricultural products, according to Ethiopian Herald.

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New Incentive Rates for Local Manufacturers in Ethiopia

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Published on 11 January 2016
Category: Latest Business Alerts

The Ministry of Finance & Economic Cooperation (MoFEC) is ranking manufacturers by value addition for duty free benefits based on a new directive to be approved this month.

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Newmont Mining to Engage in Gold Exploration, Extraction in Ethiopia

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Published on 11 January 2016
Category: Latest Business Alerts

An American Mining giant named Newmont Mining Corporation, which is regarded as one of the world’s largest producers of gold is to engage in gold exploration and extraction projects in Tigray Regional State of Ethiopia.

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54 Capital Invests USD 42 Million in Addis Pharmaceutical Factory

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Published on 11 January 2016
Category: Latest Business Alerts

A private equity firm focused on investment in Africa called 54 Capital has supported Ethiopia’s Addis Pharmaceutical Factory (APF) with USD 42 million, The Daily Monitor reported.

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Ethiopia’s Coffee Export Will Increase 45 Percent, Says Trade Ministry Official

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Published on 08 January 2016
Category: Latest Business Alerts

Ethiopia’s coffee exports are increasing on government incentive and support, according to a Trade Ministry official.

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Ethiopia: Anbessa City Bus to Offer Modern, Computer Assisted Services to its Clients

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Published on 08 January 2016
Category: Latest Business Alerts

anbessa-cityAnbessa City Bus Service Enterprise (ACBSE) is to undertake a reform program to offer modern and computer assisted services to its clients, according to Fana Broadcasting Corporate.

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Somali Regional State of Ethiopia Inaugurates Sponge Factory

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Published on 06 January 2016
Category: Latest Business Alerts

Somali Regional State of Ethiopia has inaugurated on January 5, 2016, Karemarda Sponge Factory built in Jigjiga town at a cost of 60 million Birr, Ethiopian News Agency reported.

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