Addis Ababa licensed 2,537 new investors in the first ten months of the current Ethiopian fiscal year, according to the Addis Ababa City Administration Investment Commission (AAIC).
Communications Director Meseret Woldemariam stated that the Commission also renewed licenses for 2,760 investors during this period.
Addis Ababa is staging meat shortage since last week because of the additional tax levy and the decline by butcheries to buy oxen from informal traders, Capital reported.
Addis Ababa City Administration and China Harbour Engineering Company Limited (CHEC) have signed an agreement to develop a state-of-the-art Special Economic Zone (SEZ) in Gotera, a neighborhood in the capital city.
Ethio Telecom disclosed it will start giving a 4G service for its customers in Addis Ababa beginning from the coming month. With regard to the rest of the country, Ethio Telecom will commence rendering the service in the coming year. The announcement by the Telecom company was announced on Tuesday, August 5, 2014 during a press conference.
Ethiopia’s capital, Addis Ababa, will receive its first bike taxi service by next month. Such was disclosed by the city’s transport coordination office.
