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The World Economic Forum has Awarded Ethiopian the Global Growth Company of 2015 Certificate

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Category: Latest Business Alerts

ethiopian airlinesEthiopian Airlines is pleased to announce that it has received the Certificate of Global Growth Company of 2015 from the World Economic Forum on September 8, 2015 in Dalian, People’s Republic of China.

Last Updated on 11 September 2015
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The year on year inflation rate in Ethiopia falls to 20.9% in June

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Category: Latest Business Alerts
The year on year inflation rate in Ethiopia fell to 20.9% in June from 25.5% in May showing a decrease for the fourth straight month according to the Central Statistics Agency.

Year on year food prices also lowered to 21.5% from 29.2% in May while non-food inflation increased slightly to 19.8% from 19.6% in the previous month said the agency.

Prices did not show any change month on month.
 
The inflation rate in Ethiopia is expected to keep decreasing and reach single digit figure in November.

The year-on-year inflation rate fell to 32% in the new year compared to 35.9% in December. It, however, rose to 36.3% in February. It has been steadily decreasing from March onwards. It was 32.5% in March, then fell to 29.8% in April.

Source: Reuters
Last Updated on 14 August 2013

ThermoHelix Planning Waste-to-Energy Plant in Ethiopia.

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Category: Energy and Mining

ThermoHelix, a Canadian company that manufactures power generation systems from solid waste and sludge, announced plans to finance and erect a Waste-to-Energy plant in Ethiopia.

The company has already submitted its proposal to the Ethiopian Electric Power Corporation (EEPCo) and Addis Ababa City Administration to engage in the waste energy project back in December 2012.

Last Updated on 14 August 2013
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Three Ethiopian Banks Launch Common E-Payment System

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Category: Banking and Finance

Three Ethiopian Banks, United, Nib and Awash bank officially launched Premier Switch Solutions, a company set up to administer there shared electronic banking system.

The company officially launched operations ready to offer services through a network of 60 ATM machines and 160 point of sale terminals for all clients issued PSS cards by the three owner banks.

The presidents of the three partner banks handed out awards in recognition of the support received to set up the company to the National Bank of Ethiopia, Ethio-Telecom and the Document Authentication & Registration Office.

Last Updated on 14 August 2013
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Three Ethiopian Companies Up for Privatization

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Category: Latest Business Alerts

The Ethiopian Privatization Agency is offering Awash Winery, Commercial Printing Enterprise, and Hammaressa Edible Oil for privatization. The three companies failed to attract bids at previous auctions and are being offered for sale through negotiations.

Parties interested in negotiating for the companies are required to present financial and technical proposals said Wondafrash Assefa head of public relations head at the Privatization & Public Enterprises Supervision Agency (PPESA).

Last Updated on 14 August 2013
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