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Ethiopia to upgrade its Telecom Network Infrastructure

Details
Published on 12 March 2013
Category: ICT and Telecom

The Ethiopian Ministry of Communication and Information Technology (MoCIT) is planning to invest in the latest 3G LTE (long-term evolution) telecommunications networking technology.

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Press Conference to be held on the Ethiopian Leather Industry

Details
Published on 11 March 2013
Category: Latest Business Alerts

The Ethiopian Leather Industry Development Institute and the Leather Industries Association are to give a joint press conference on the Ethiopian Leather Industry at 10 am tomorrow morning (12 March 2013) at the Institute’s hall.

The Institute will give a report of the performance and evaluation of the Leather Sector in the Ethiopian budget year of 2005. The Ethiopian Leather Industries Association will present the performance of the 6th All African Leather Fair which was held from 20 February to 22 February 2013. In addition, various current issues on the sector will be discussed.

The Institute requests all media outlets to be present in the press conference. Add a comment Add a comment

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African EXIM Bank to Convene its Meeting in Ethiopia

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Published on 11 March 2013
Category: Latest Business Alerts

The African Import and Export Bank (African EXIM Bank) is planning to convene its annual general assembly in Addis Ababa, Ethiopia in May.
The bank's general assembly meeting will be held as a sideline event of the Diamond Jubilee of the African Union which will take place in May 2013 in 
Addis Ababa, Ethiopia.

The African Export Import Bank (the “Bank”) was established in Abuja, Nigeria, in October 1993 by African governments, African private and institutional 
investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra- African trade. Add a comment Add a comment

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Ethiopia to Host 11th Africa Digital Summit

Details
Published on 19 February 2013
Category: ICT and Telecom

Ethiopia is to host the 11th Innovation Africa Digital Summit 2013 in Addis Ababa in partnership with ICT service provider Extensia Ltd.

The 11 Innovation Africa Digital Summit 2013 is aimed at discussing the need to create sustainable national growth and development of the African telecom and ICT sector.

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Ethiopian Flower Export Sore on Valentine's Day

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Published on 15 February 2013
Category: Latest Business Alerts

In about a decade the Ethiopian flower industry has grown to become a major player in the international market. The Ethiopian flower industry has blossomed again on this years Valentine's Day.

Zelalem Messele, chairman of EHPEA, the Ethiopian Horticulture Producer Exporters Association intone the importance of Valentine's Day for the Ethiopian flower industry, "It's one of the holidays the flower industry flourishes. And the production goes up by 30 to 40 percent and so the demand,”. Add a comment Add a comment

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HMH President Visits Ethiopia

Details
Published on 12 February 2013
Category: Latest Business Alerts

The President of Hospitality Management Holdings, Mr. Michel Noblet visited Ethiopia on a consultative trip. Noblet was interested in exploring opportunities for HMH in his visit here it was learned.

He met with several government officials in his time here including Amin Abdulkadir, Minister of Culture and Tourism, Yonas Desta, General Director of the Authority for Research & Conservation of Cultural Heritage and United Arab Emirates Ambassdor Extraordinary in Ethiopia Dr. Yousif Eisa Hassan Al Sabri it was learned.

There tourism and hospitality sectors in Ethiopia are growing significantly and welcome external input said Abdulkadir in his meeting with Noblet. The development of human resources in this sector is a priority in which input is highly sought he added. Add a comment Add a comment

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Ethiopian Chamber to Open Academy

Details
Published on 12 February 2013
Category: Latest Business Alerts

The Ethiopian Chamber of Commerce and Sectoral Association is to launch a training center that will focus on leadership and management in the business community. It is expected that the academy will begin operations in the coming three months.

The idea was initiated to enhance the leadership, management and entrepreneurship skills of its members in and other large enterprises Wube Mengistu, Head of the Plan, Project and Trade Development Department at ECCSA.

The feasibility study for the center was conducted at a cost 17 thousand birr by experts and instructors from the Business Faculty of Addis Ababa University. The study was financed by funds acquired to United Nations Development Program said Endalkachew Seme, Deputy Secretary General and Manager of the Advocacy Department. Add a comment Add a comment

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Ethiopia Receives $1.69 Billion in Loans

Details
Published on 12 February 2013
Category: Banking and Finance

Ethiopia has received 1.69 billion US dollars in loans and grants in the last six months of the current budget year said Tewdros Adhanom, Ethiopian Minister of Foreign Affairs.

Most of the financing, an estimated 1.04 billion, was obtained from bilateral sources and the remaining funds from multilateral financial sources he said in his report to the House of Peoples Representatives.

The nation has also acquired 976.8 million US dollars from donors and creditors in this period according to Tewdros. Add a comment Add a comment

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Ethiopia to Protect National Flag Carrier

Details
Published on 11 February 2013
Category: Latest Business Alerts

The Ethiopian Ministry of Transport explained to members of the House of Peoples Representatives that it is committed to protecting some of the national market for the national flag carrier, Ethiopian Airlines.

The ministry is particularly aware of the threat from carriers based in the oil rich countries of the gulf which have an unfair competitive edge due to their cheaper air fare explained Diriba Kuma, Minister of Transport.

These airlines have an unfair advantage because they have better access to fuel which has become a significant challenge for Ethiopian according to Diriba. Add a comment Add a comment

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Deloitte to Develop Businesses in Ethiopia

Details
Published on 11 February 2013
Category: Latest Business Alerts

Deloitte is to develop agribusinesses, finance and mining efforts alongside its consulting work in Ethiopia. It will conduct its business efforts alongside its consulting tasks said Sammy Onyango, Chief Executive Officer for Deloitte East Africa.

The company came to the decision to partner with domestic advisory and accountancy firm HST to take advantage of Ethiopia’s human resources and significant economic development he explained.

The partnership between HST and Deloitte was registered with a capital of 1.1 million birr Deloitte is expected to offer management consultancy, senior management training services, and tax advisory. Add a comment Add a comment

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