Vitol Group, a multinational energy and commodities trading company, has won the tender floated by the Ethiopian Petroleum Supply Enterprise (EPSE) for the supply of fuel to Ethiopia in 2016, according to The Reporter.
Vodacom’s CEO Shameel Joosub said Vodacom was considering entering Ethiopia with Safaricom, its Kenyan associate company. The CEO said Ethiopia was “probably the most attractive” potential new market for Vodacom.
“But the opportunities are not that clear yet — there are indications that Ethiopia will issue additional licenses, and potentially take in a strategic partner for the existing [government-owned] Ethio Telecom, but there’s nothing yet in terms of actual processes and so on,” the CEO said.
South Africa's Vodacom Group opened its first office in Ethiopia on Tuesday, to establish its presence in a country which have a large market but still maintains a state monopoly over its telecoms sector, Reuters reported.
Ethiopia's state owned Ethio Telecom have a rapidly growing subscribers, totaling almost 650 million last year, up from just 25 million in 2001, according to the World Bank.
Volkswagen (VW) is considering building a component assembly plant in Ethiopia. According to the company’s Spokesperson, Andile Dlamini, the company was investigating entering Ethiopia. He said the “component assembly is the initial business we are looking at. Vehicle assembly is also under consideration in the long term.”
The volume of commodities exchanged via the Ethiopian Commodities Exchange (ECX) exceeded 500,278 tonnes in 2003. It was
announced yesterday that trading for this last Ethiopian fiscal year has shown an increase of 128% over the 223,000 tonnes traded last year, in a report given by Dr. Eleni Gebre Medhin, CEO of ECX at the Sheraton Addis.
The commodities exchange market saw a marked increase in trade and sound financial showing to match expanding operations in 2003 (Ethiopian Calendar) said Dr. Eleni.
