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Ethiopia: Ethio Telecom Looking for Contractors for Its HQ

Details
Published on 10 November 2014
Category: Latest Business Alerts

ethiotelecomEthio Telecom, the state owned telecome monopole, is looking for contractors that will design and constructs its new seven building headquarters. Ethio Telecom plans to construct the headquarters at its IT Park on a 37,000 square meters plot of land.

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Ethiopia: Investor Changed Boeing 737 to a Hotel

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Published on 10 November 2014
Category: Latest Business Alerts

A Boeing 737 aircraft that was owned by Ethiopian Airlines is sold to become a hotel and restaurant in Burayu town, some 15 km west of Addis Ababa.

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Ethiopia: Ethiopian Coffee Conference Kicked Off

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Published on 08 November 2014
Category: Latest Business Alerts

The annual Ethiopian Coffee Conference which is organized by the Ethiopian Coffee Exporters Association was launched on Thursday, November 7, 2014.

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Ethiopia Concluded Five Agreements with Egypt

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Published on 08 November 2014
Category: Latest Business Alerts

Ethiopia and Egypt concluded an aggregate of five agreements and memorandum of understandings (MoU) on Monday, November 3, 2014. The aim is to encourage diplomatic, trade and health cooperation.

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Ethiopia: ALLE to Supply 354 Million Birr Worth Items

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Published on 08 November 2014
Category: Latest Business Alerts

ALLE disclosed it aims to supply consumer goods that are worth 354 Million Birr during the current fiscal year.

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Ethiopia: ACSI Extended 450 Million Birr in Three Months

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Published on 08 November 2014
Category: Latest Business Alerts

Addis Credit and Saving Institution S.C. (ACSI) disclosed it extended 450 Million Birr loan during the first three months of the current fiscal year.

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Ethiopia: Industrial Development Corporation Sold Out Its Stake in Habesha Cement

Details
Published on 06 November 2014
Category: Latest Business Alerts

Portland Pretoria Cement (PPC) disclosed it acquired the 20 percent stake Industrial Development Corporation had in Habesha Cement Share Company (HCSCo). PPC bought out Industrial Development Corporation for U.S. $ 13 Million.

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Ethiopia: 200,000 Condominiums to Be Built This Year

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Published on 06 November 2014
Category: Latest Business Alerts

Ministry of Urban Development and Construction (MUDC) is aiming to build more than 200,000 condominiums during the current fiscal year across the entire nation.

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Ethiopia: Ethio-Asian Made Its 35 Percent Down Payment to Acquire Hamaressa

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Published on 06 November 2014
Category: Latest Business Alerts

Ethio-Asian S.C. paid 35 percent of 50.5 Million Birr as it has agreed with Privatization and Public Enterprises Supervising Agency (PPESA) back in March 29, 2014 for the purchase of Hamaressa edible oil S.C.

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Ethiopia: Lion Bank Got a New President

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Published on 06 November 2014
Category: Latest Business Alerts

lionbankNational Bank of Ethiopia (NBE) approved Lion International Bank’s nominee for presidency, Getachew Solomon, a week after the latter submitted its request to the central bank.

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