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Ghion Hotels Enterprise will again be offered for another round of sale by the Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA),as previous bid failed to attract buyers.

The Privatization Agency is hopeful the bid will attract potential byers as it has adjusted the floor price of the property, previously set at USD 150 million.

Samsung, a South Korean multinational technology company, has completed agreement with the Ethiopian government to establish a laptop and printer assembly plant in Ethiopia in a few months time.

During the Fourth International Samsung Conference, which saw more than 2000 participants, Samsung Electronics East Africa's Chief Operating Officer, Robert Ngeru, told journalists on March 13 in Cape Town, South Africa, Samsung has finalized agreements with Ethiopian, Kenyan and Sudanese governments to set up assembly plants in the three east African countries.

The Addis Ababa Water and Sewerage Authority (AAWSA) is undertaking expansion at a cost of 580 million birr to raise drinking water supply of the metropolis.

Project Development and Promotion Office Manager with AAWSA, Engineer Seyoum Berhanu, said the expansion is underway at Legedadi water treatment plant and Dire dam.

According to him, the expansion will increase the water supply capacity of Legedadi to 195,000 cubic meters per day from the existing 165,000 cubic meters. The ongoing expansion would help to improve water supply at the northern and north-east part of the city, he said.

AAWSA sheduled to finalize the expansion of Dire dam with in 16 months and Legedadi within 24 months, he said.

Source: Walta

Ethiopia is registering promising results by implementing Kaizen in 40 medium and high scale industries and businesses over the past eight months.

Professionals and experts drawn from several African countries are in Ethiopia to share best practices.

Speaking on the occasion, Ethiopian Industry Minister, Mekonnen Manyazewal said the Kaizen leadership philosophy is facilitating the nation’s endeavor to transform itself to an industry-led economy.

According to ERTA, Japan International Cooperation Agency (JICA) on the occasion vowed to strengthen technical support in the efforts to apply the Kaizen leadership philosophy for Africa’s development.

Source: Walta

Ethiopia has earned USD 80 million from export of leather and leather products in the past eight months, according to the Ethiopian Leather Industry Development Institute. The Institutes Planning and Information  Director, Tesfaye Berhanu said on Tuesday, the revenue surpasses amount earned the previous year by USD 2.5 million.

The Minister of Communication and Information Technology in Ethiopia has successfully introduced unified utility billing system. The Ministry has completed 79 per cent of client registration within a month for inclusion in the new billing system. The billing system is aimed at improving utilities billing systems in Ethiopia.

According to Debretsion Gebremichael, Deputy Prime Minister and Minister of Communication and Information Technology, the confusion and long queues created in the initial stage of the system a month ago has now been cleared and solved. Add a comment Add a comment

Ethiopia's inflation rate for food items for the Ethiopian month of Yekatit (February 8th-March 9th) plummeted to a single digit 7.9 per cent. The overall national inflation rate also fall to 10.3 percent for the same period, according to the Ethiopian Ministry of Finance and Economic Development.

The International Finance Corporation (IFC), member of the World Bank Group is to cooperate with the Ethiopian Ministry of Trade (MoT) and Ethiopian Revenue and Customs Authority (ERCA) to help improve the country’s investment and trade environment.

The Ministry of Trade will launch an electronic business licensing and trade registration system shortly, while Ethiopian Revenue and Customs Authority will consider to revise its laws.

Avaya, a business communications solutions  provider, announced the launch of a business communications solutions company in Ethiopia on March 6, 2013, at the Sheraton Hotel.

At the launching ceremony, Avaya announced its plans of providing its next-generation business collaboration and communications solutions, unified communications, real-time video collaboration, contact centers, networking solutions and related services to companies Ethiopia. The company also has plans to expand its services in other African  countries.

Hotel Nazrawi to join the Ethiopian hospitality industry in time for the African Unions golden jubilee. The ten storey hotel, built on Gabon Avenue at a cost of 150 million birr is scheduled to be inaugurated the coming may.

Negussie Awgechew, general manager of Hotel Nazrawi said that the Hotel is has a panoramic view and offers services of a modern restaurant, a roof-top bar and fitness facilities including a spa and a morocco bath. The new hotel has 55 rooms including presidential suite and executive suite.