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Ethiopia Imported the Last Batch of Sugar

Details
Published on 28 October 2014
Category: Latest Business Alerts

300,000 Quintals of sugar imported from United Arab Emirates (UAE) and the last batch of sugar import, is expected to reach Port of Djibouti October 26, 2014. The order for the sugar was made by the Ministry of Trade (MoT) two weeks ago and got the Prime Minister’s blessing.

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Ethiopia: Ethiopian Electric Power Signed MoU with an American Firm

Details
Published on 27 October 2014
Category: Latest Business Alerts

Ethiopian Electric Power (EEP) concluded a Memorandum of Understanding (MoU) with the US based Green Technology Africa Inc. (GTA) for the generation of 300 Megawatts of electricity from solar energy.

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Ethiopia: Last Fiscal Year’s GDP Reached 1.5 Trillion Birr

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Published on 27 October 2014
Category: Latest Business Alerts

Ethiopia’s Gross Domestic Product (GDP) reached 1.5 Trillion Birr, Ministry of Finance and Economic Development disclosed (MoFED).

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Ethiopia: Royality Fees for Art Works Discussed Among MPs

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Published on 27 October 2014
Category: Latest Business Alerts

House of Peoples’ Representatives (HPR) started reviewing the current intellectual property rights regime and the draft bill meant to amend it.

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Development Bank of Ethiopia to Launch New Service

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Published on 27 October 2014
Category: Latest Business Alerts

develomental bank of ethiopiaDevelopment Bank of Ethiopia (DBE) disclosed it is set to launch a new banking service for Small and Micro Enterprises (SMEs) that are growing to medium as well as large enterprise categories.

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Ethiopia: Number of Investors Grew by Threefold

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Published on 25 October 2014
Category: Latest Business Alerts

Ministry of Foreign Affairs disclosed number of investors interested in starting business as well as investing in Ethiopia has shot by threefold in the past two years.

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Textile Machinery Manufacturers from Germany Visited Ethiopia

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Published on 23 October 2014
Category: Latest Business Alerts

70 Textile machinery and accessory manufacturers from German paid visit to Ethiopia for four days.

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Ethiopia Planning to Earn U.S. $ 714 Million from Mineral Export

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Published on 23 October 2014
Category: Latest Business Alerts

Mineral export is planned to bring in U.S. $ 714 Million for Ethiopia during the current fiscal year, Ministry of Mines (MoM) disclosed.

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Ethiopia: ERA to Upgrade Gravel Roads with 9.5 Billion Birr

Details
Published on 23 October 2014
Category: Latest Business Alerts

Ethiopian Roads Authority (ERA) is undertaking activities to upgrade 600 Kilometers of gravel roads to asphalt. The project is said to cost 9.5 Billion Birr.

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Ethiopia: Asian Paints’ Subsidiary Bought 51 % of Kadisco Paints

Details
Published on 23 October 2014
Category: Latest Business Alerts

bergerAsian Paints is acquired a 51 percent share in the Ethiopian Kadisco Paints via its Singapore-based subsidiary Berger International.

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