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Guinness Beer, the internationally known stout beer and product of Diageo, has been introduced to Ethiopia’s market at Sheraton Addis on Friday, April 7, 2017.

Gulf Air, the national carrier of the Kingdom Bahrain, has appointed Mr. Salah AlShawosh as the airline’s country manager to the Federal Democratic Republic of Ethiopia. Mr. AlShawosh, a Bahraini national, was previously based in India where he held the position of airport manager in Bombay for six years.

Google organized the first ever g|Ethiopia this week. The event was intended to bring together software developers and other parties in the Information Technology sector to strengthen their application of Google products.

G|Ethiopia was held at this time because of the growth experienced by the country and the increased use of Google services like G-mail in Ethiopia.

The two day event was held at the Addis Ababa Hilton hotel with organizers offering overviews on how Google products can be put to use in the African context, with a special emphasis on access to the internet.

H&M and Swedfund have joined hands to contribute to the development of a responsible Ethiopian textile industry characterised by both high social and environmental standards. The partnership is said to start this autumn.

H&M Hennes & Mauritz AB, a Swedish multinational retail-clothing company, is considering to produce clothing in Ethiopia.

H&M mainly relies on Bangladesh for clothes production. One supplier says H&M is looking to source one million garments a month from Ethiopia, according to the report of Wall Street Journal.

A spokeswoman said H&M has placed trial orders with Ethiopian suppliers and that large-scale production is expected to begin as early as this fall.

"As a growing global company we have to look at how we guarantee that we have the capacity to deliver products to all our stores where we have a rapid pace of expansion," H&M spokeswoman Camilla Emilsson-Falk said. "We are doing that by increasing production in our existing production areas and also by looking at new ones."

The Ethiopian government has said it wants to revitalize its textile and garment industry, and has set a target of $1 billion in textile exports by 2016.

"Ethiopia not only gives infrastructure support but financial support," said Rajeev Arora, executive director of the African Cotton and Textiles Industries Federation. He cited competitive interest rates, cheap land and labor, and tax breaks from the government as key incentives leading to extraordinary rates of foreign investment over the past five years.

Ethiopia's textile and apparel exports totaled about $99 million for the 12 months ended in June, up 17% from the prior year, according to Fassil Tadesse, president of the Ethiopian Textile and Garment Manufacturers Association.

Source: The Wall Street Journal