Wegagen Capital Investment Bank S.C. has officially launched operations, becoming Ethiopia’s first private investment bank under the country's new capital market framework.
The Western Union® Company (NYSE:WU), a leader in money transfer and global payment services, is hosting the first ever network convention for its Agents in Ethiopia to be held at the United Nations Economic Commission for Africa Conference Centeron Saturday, October 12, 2013.
The convention will see over 340 participants from across Ethiopia attending the event, from senior level to front desk officers, coming together to share Western Union operational and security best practices. Some of the major points to be highlighted include customer service excellence in Ethiopia, raising awareness on compliance related best practices and excellence across service areas. The convention will facilitate systems and process education for Western Union agents in Ethiopia. This in-turn will provide consumers with even more improved and efficient service.
Westin Hotels and Resorts is currently negotiating with MIDROC Ethiopia to manage the new African Union Grand Hotel. The 
hotel is currently under construction in the compound of the headquarters of the African Union in Addis Ababa.
Westin is in the final stages of discussions as part of the process of taking over the management of the new grand Hotel being built by MIDROC. The Hotel is expected to launch operations staring from 2013. The opening of the Hotel is intended to coincide with the 50th anniversary of the African Union, it was said.
Wild Coffee Ethiopia, an emerging coffee company from Ethiopia, was declared the Rising Star Company of the Year in Africa at the Africa Food Awards ceremony in Nairobi, Kenya.
A master plan assessing the Wind and Solar resources of Ethiopia conducted by Hydro China Corporation was revealed this week.
Ethiopia has a potential capacity of more than 1.3 million MW for wind resources and annual reserves of 2 million TWh of solar energy according to the Master Plan.
The study included various aspects including field investigations to establish solar and wind energy resources in the country as well as preparing wind and solar energy resources assessments for the Master Plan.
