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Feb 23 , 2019

Afro-Tsion Inaugurates Resort in Afar

Afro-Tsion Construction inaugurated a 148-room hotel in Semera, capital of Afar Regional State that will be managed by Boston Partners Plc, the operator of Kuriftu Resort & Spa, Kuriftu Resort...

Feb 23 , 2019

Driving Speed Shows Decline: Report

The latest results of road user behaviour surveys show that speeding has decreased by 10 percentage points from 49pc four years ago. Speeding has decreased following speed limit reductions, new sig...

Feb 23 , 2019

GIZ Pledges 13m to Health Capacity Building

German Development Cooperation (GIZ) has launched a three-year project designed to enhance the capacity of Ethiopian health professionals and biomedical technicians. The project, which has a budget...

Feb 23 , 2019

Equity Firm Expands to Logistics, E-commerce

RENEW Investment Advisers, a Canadian equity firm, founded its second investment in Ethiopia engaged in the logistics and e-commerce industries. Members of RENEW's Impact Angel Network have funded...

Feb 16 , 2019

Welcoming Dance

A public diplomacy delegation from Eritrea arrived in Addis Abeba, at Bole Airport, on Thursday, February 14, 2019. They were received by an Ethiopian dance and song group that performed Ethiopian cul...

Feb 16 , 2019

Shades

Faced with a scorching sunny season, residents of Addis Abeba have been looking to buy sunglasses, and the black market has answered the call. These vendors in Qera are displaying various colours and...

Feb 16 , 2019

US-Africa Forum

The opening plenary at the US-Africa Trade & Investment Forum took place on Tuesday, February 12, 2019, at Sheraton Addis Hotel. Matthew Harrington, deputy assistant secretary for Africa at the US...

Feb 16 , 2019

Ethiopia, Djibouti Ink Deal to Install Gas Pipeline

Ethiopia and Djibouti signed an agreement to lay down a 760Km natural gas pipeline that stretches from Elala and Kalub, Somali Regional State, to Djibouti Port. Samuel Urkato (PhD), minister of Min...

Feb 16 , 2019

Enterprise Adjusts Addis-Adama Expressway Fee

The Ethiopian Toll Roads Enterprise, the operator of the nations toll roads, has adjusted fees for the Addis-Adama Expressway, effective March 1, 2019. The adjustment, which was made after four yea...

Feb 16 , 2019

Authority Constructs, Upgrades Roads for 2b Br

The construction and upgrade of 25 road projects will be completed before the end of the current fiscal year, disclosed the Addis Abeba City Roads Authority. The road projects are under constructio...

Feb 16 , 2019

Habesha Brews Second Product

Habesha Breweries S.C is launching a new alcohol-free beverage, Negus, starting this month. Brewed in Habesha's Debre Berhan plant, Negus will initially be made available for markets in Addis Ababa...

Feb 16 , 2019

ECX Half Year Transaction Hits 14b Br

The transaction at the Ethiopian Commodity Exchange hit 14 billion Br in the first half of the current fiscal year. The value was recorded from the transaction of 256,000tn of commodities. Coffee t...

Feb 16 , 2019

Addis Pledges 10m Br for Pan-African University

Addis Abeba City Administration has pledged 10 million Br for the construction of Pan-African University, which will be built at the historic city of Adwa, Tigray Regional State. The announcement w...

Feb 16 , 2019

Addis Capital Finances 48m Br Machinery

Addis Capital Goods Finance Business S.C provided 48 million Br worth of machinery and equipment to different enterprises in the first half of the current fiscal year. The 528 beneficiaries are eng...

Feb 16 , 2019

City Tax Revenue Rises 26pc in Year

The Addis Abeba City Revenues Authority has collected 18.7 billion Br in tax revenue in the first half of the current fiscal year. The performance was six percent short of the Authority's plan for...

Feb 9 , 2019

Coffee Tradition

A traditional coffee ceremony is being displayed from the southwestern region of Ethiopia. It employs a unique way of drinking coffee from a wooden container, instead of the more common small coffee c...


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