Chain Coffeehouse Expands to Middle East


Chain Coffeehouse Expands to Middle East

Kaldis Coffee, a chain coffeehouse headquartered in Addis Abeba, stretches its presence to the Middle East making its official debut in Dubai, UAE three weeks ago. The Cafe was opened with 200,000 dollars of initial capital, and close to 10 employees. The founder Tsedey Asrat said the international community gets to enjoy the aesthetics of Ethiopian coffee through Kaldis. She plans to open more branches in Dubai in the next few years while Tihtina Ayele, a former employee has been promoted to manage the local branches. "The western countries are my next targets," Tsedey told Fortune. Kaldis made its first appearance around Bole Medhanealem (Namibia Street) in 2008. It has managed to expand to 40 branches including Adama and Bishoftu towns with 2,000 employees under its fleet. The company has also been exporting raw coffee to Dubai through the Ethiopian Commodity Exchange.

[ssba-buttons]

Radar

Fresh Push to Help Farmers Get Covered & Cash In

The Ministry of Agriculture has established the Rural Finance Service Unit (RFSU) to coordinate and expand agricultural insurance nationwide. Announced on Tuesday at the 2025 UNDP Financial Resilience in Agriculture Community of Practice forum (held at the UN Economic Commission for Africa headquarters), the RFSU is supported by UNDP, JICA, and other partners with funding from the Bill & Melinda Gates Foundation. Agriculture Minister Girma Amente (PhD) and State Minister Sofia Kassa attended...


Radar

Mission 300 Gains Momentum as Ethiopia Charts Path to Energy Equity

The Government has developed a National Energy Compact with the goal of achieving universal electricity access by 2030. The strategy, led by the Ministry of Water & Energy (MoWE), outlines Ethiopia's commitment to reaching 100pc energy access for its population within the next five years. According to State Minister for Energy Development Sector Sultan Woli, the compact was prepared in collaboration with key development partners, including the World Bank Group and the African Development...


Radar

Rammis Bank Commences Mobile Application, Card Banking Services

Rammis Bank has launched its mobile banking application and card services as part of its digital expansion drive. The "Rammis Mobile App" was officially introduced during a launch event held on Saturday at the Grand Eliana Hotel. The app allows users to transfer funds at any time, pay bills, top up mobile airtime, and send money to telebirr wallets for themselves or others. The newly introduced card service enables customers to withdraw cash from any ATM and make payments via Point of Sale (P...