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ECCA and EIC Brief a Hong Kong Business Delegation about Investment Opportunities in Ethiopia

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Category: Latest Business Alerts

Officials of Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) and Ethiopian Investment Commission (EIC) briefed a Hong Kong business delegation which is consisted of 30 persons about business opportunities yesterday, October 2018. The delegation was briefed about prospective investment areas in Ethiopia, land lease, tax and other investment related services as well as the continental and international agreements which Ethiopia is a party to.

Last Updated on 19 October 2018
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Enterprise Posts 593 Million Birr Profit

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Category: Latest Business Alerts

The Ethiopian Shipping & Logistics Services Enterprise reported a profit of 593 million Ethiopian Birr, in the last nine months of the current Ethiopian Fiscal Year.

The Enterprise's total revenue stood 5.6 billion Br, about five billion Birr of its total revenue is accounted for operational expenses, including voyage costs, demurrage fees, salaries and port expenses.

Last Updated on 14 August 2013
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Ethio Telecom Allows its CUG Users to Recharge Balance with Prepaid Voucher

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Category: Ethiopian Business News

Ethio Telecom has started offering its closed user group service (CUG), allowing GSM mobile telephone subscribers to make calls and receive calls from members within the group, on both post-paid and prepaid modes, effective August 18, 2013.

Previously, the CUG service was only available on a post-paid basis and outgoing call service would be terminated when the airtime quota is exceeded and customers, however, customers could still take incoming calls.


The new hybrid system prevents service interruption, by allowing customers to top up a post-paid account when the airtime balance is depleted.

“The CUG, which enables calls among an institution’s workers, has so many benefits for organizations. The price is less compared to normal ethio telecom fees,” Abdurahim Ahmed, ethio telecom’s corporate communications director, told Fortune.

“When service is halted, it created obstacles in an institutions’ daily activities and ethio telecom’s revenue was highly affected,” he stated. “This solution allows customers to receive reliable services. Ethio telecom’s revenues will not be determined solely by the post-paid service.” Abdurahim added.

Ethio Telecom launched the  closed user group service a year ago.

Source: Fortune

 

Last Updated on 19 September 2013

Ethiopia Announced New Tourism Brand

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Category: Latest Business Alerts

Ethiopia announced new tourism brand, “Land of Origins”. The announcement was made during world’s largest tourism trade fair, Internationale Tourismus-Börse Berlin (ITB).

Engineer Aisha Mohammed, Minister of Culture and Tourism, attended the trade fair and gave a press conference regarding Ethiopia’s tourism potential and opportunities.

Last Updated on 10 March 2016
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Ethiopia Concluded US$700M Contract with Huawei Technologies

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Category: ICT and Telecom

Ethiopia concluded a US$700 million contract with Huawei Technologies Co Ltd, a Chinese multinational networking and telecommunications equipment and services company headquartered in Shenzhen, Guangdong.

The agreement will see the number of subscribers to 56 million with the expansion and upgrade of Ethiopia's mobile phone infrastructure. Huawei will also set up high-speed 4G broadband network capability in the capital Addis Ababa and 3G service throughout Ethiopia.

Last Updated on 14 August 2013
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