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Ethiopia’s Credit Rating Kept at B by Fitch Ratings

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Published on 13 April 2015
Category: Latest Business Alerts

Fitch Ratings had rated Ethiopia’s credit and kept it at a “highly speculative” B expecting the government to meet its fiscal deficit target of 2.9 percent of gross domestic product in 2015, Bloomberg reported.

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Ethiopian Wins Airline of the Year Award in China - 07 April, 2015

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Published on 13 April 2015
Category: Latest Business Alerts

ethiopian airlinesEthiopian Airlines, the largest airline in Africa, is pleased to announce that it has won the Airline of the Year Award for the second time in a row at MICE Magazine’s 8th Annual Industry Golden Chair Awards held in Beijing, China on April 1, 2015. The annual Golden Chair Award is one of the most influential awards in China and ranks airlines, hotels, travel agencies and tourism destinations with the best performance.

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Ethiopia: City Administration Temporarily Halts receiving Land Requests for Manufacturing

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Published on 09 April 2015
Category: Latest Business Alerts

Addis Ababa City Administration’s Land Development and Management Bureau had has temporarily halted receiving manufacturing industries’ land requests, according to Addis Fortune.

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Ries Engineering Opens Service Center in Bahir Dar

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Published on 09 April 2015
Category: Latest Business Alerts

Ries Engineering S.C. (RESCO), which is thean importer and distributer of Ford vehicles and various machineries in Ethiopia,, had has launched its first Quick Lane Vehicle Tier and Auto Service Center in Bahir Dar, Amhara, at a cost of 60 million Birr.

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Ethiopia’s Inflation Rate Rises to 8.5 Percent in March

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Published on 09 April 2015
Category: Latest Business Alerts

Ethiopia’s inflation rate had risen to 8.5 percent in March from 8.2 percent in February, Central statistics Agency said on Monday, April 6, 2015.

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Ethiopia: Transport Bureau to Construct Modern Parking Facilities

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Published on 08 April 2015
Category: Latest Business Alerts

Addis Ababa Transport Bureau is to construct the first of six smart parking facilities with 80 million Birr cost in Kirkos Sub-city, Addis Fortune reported.

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Ethiopia: Sugar Production to Commence at Former Pakistani-Owned Plant

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Published on 08 April 2015
Category: Latest Business Alerts

Arjo Dedessa Sugar Development project is to begin trial production this month with an initial crushing capacity of 5,000 tons of sugar per day, according to Addis Fortune.

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Ethiopia: Ministry of Industry Concluded Consultancy Contract for Industrial Parks

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Published on 07 April 2015
Category: Latest Business Alerts

The Ministry of Industry of Ethiopia (MoI) had concluded a contract for the consultancy work of the Bole Lemi phase two and phase one industrial parks, which is worth 139 million Birr with DOHWA Engineering Co. Ltd as a lead firm on Wednesday, April 1, 2015.

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Ethiopia: House Endorses Bill for Industrial Park

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Published on 06 April 2015
Category: Latest Business Alerts

The House of Peoples’ Representatives (HPR) endorsed a draft proclamation which regulates the establishment, development, operation, management and regulation of industrial parks all over the country on Tuesday, March 31, 2015.

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Ethiopia: Addis Ababa to Host International Mining Conference

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Published on 06 April 2015
Category: Latest Business Alerts

An international mining conference under the title “Ethiopian International Mining Conference” will be held in Addis Ababa from September 23-24, 2015, according to The Reporter.

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