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Horticulture export generates $170 million
Addis Ababa, Ethiopia (WIC) – Ethiopia has earned 170 million USD from horticulture export in the first 9 months of this Ethiopian budget year, the Ethiopian Horticulture Development Agency said.
Agency Director General, Hailesilassie Tekie told WIC today that the stated sum of revenue was generated from the sale of 1.63 billion flower stems and 103,000 tonnes of vegetables, fruits and herbs.
Of...
Catalyst Acquires Stake in Ethiopia’s Yes Brands
Catalyst Principal Partners, an East African-focused private equity firm, has acquired a 50 percent stake in Yes Brands Food & Beverages PLC, Ethiopia. Yes Brands is a bottled mineral water company.
PRESS RELEASE
Catalyst Principal Partners, an East African-focused private equity firm, today announced the acquisition of a 50% stake in Yes Brands Food & Beverages PLC, Ethiopia.
Speaking at...
Awash Bank Set to Announce ATM Bid Winner
Addis Ababa, Ethiopia -Â Although the banking sector is going through modernization, cost and network issues concern some banks
Awash International Bank is the first private bank to build its own head quarter, a 17 and 18-storey twin tower on Ras Abebe Aregay Street.
In just two weeks Awash International Bank (AIB) will become one of largest owners of Automated Teller Machines (ATMs) in Ethiopia after...
Dubai Chamber opens first African representative office in Ethiopia
Press Release
•New office to boost two-way trade and investment between Dubai and Ethiopia and the rest of Africa
•Buamim: Dubai Chamber sees strong potential to increase bilateral trade and integration of the two countries’ business communities
•Ethiopian State Minister of Trade: 58% annual average trade growth rate between Ethiopia and the UAE during the period 2004 to 2012
Dubai, UAE:...
Boeing 787 Dreamliner returns to service in Ethiopia flight
This is the first Dreamliner passenger flight since January (Photo: BBC.co.uk)
An Ethiopian Airlines 787 Dreamliner has flown from Addis Ababa to Nairobi, the first commercial flight by the Boeing aircraft since all 787s were grounded in January.
The 50 planes around the world were grounded due to battery malfunctions that saw one 787 catch fire in the US.
Over the past week teams of Boeing engineers...
Ethiopian Signs Agreement with Djibouti Airport for Sea – Air Transport
Mr. Tewolde Gebremariam, CEO of Ethiopian and Mr. MohamedYacoub Mahamoud, General Manager of DIA after the signing of the MoU (Photo: EthiopianAirlines.com)
Addis Ababa, Ethiopia (Press Release) – Ethiopian Airlines, the fastest growing airline in Africa, signed a Memorandum of Understanding (MoU) with Djibouti International Airport for the provision of sea-air and air-sea cargo transport of...
Supply Gaps Fuel Rental Increases
Cheffe Condominium (Photo: Addis Fortune.com)
Addis Ababa, Ethiopia -Â Abdulkerim Ali, 25, left war- ravaged Somalia three years ago, and headed for Ethiopia hoping for a better future. He made his way across the border with three of his friends and proceeded to Addis Abeba, where all four registered as refugee students.
They were awarded close to a 200 dollar monthly living and educational stipend....
NBE to Undergo Million-Dollar Update
Central Bank awards Afcor contract to update outdated hardware, software and database storage systems.
Addis Ababa, Ethiopia -Â The National Bank of Ethiopia (NBE) is acquiring IBM hardware and database solutions for close to a million dollars from local suppliers Afcor PLC. The two parties inked a deal on Wednesday April 10, 2013.
Looking to update its technology systems, the NBE had set out to replace...
Time for Africa?
Tony Tyler (left), CEO of International Air Transport Association (IATA), Tewolde Gebremariam (centre), CEO of Ethiopian Airlines and Getachew Mengistu (right), state minister for Transport (Photo: AddisFortune.com)
Addis Ababa, Ethiopia - It was with Latin star, Shakira’s pop tune, ‘It’s time for Africa’ that Tewolde Gebremariam (centre), CEO of Ethiopian Airlines, chose to preface his glowing...
Boeing’s engineers in Addis to fix Dreamliners
-Â Â Â Ethiopian to seek compensation
Boeing’s senior engineers arrived in Addis Ababa on Monday to upgrade Ethiopian Airline’s Dreamliner aircraft.
Following the fire accidents on board Dreamliner aircraft the US Federal Aviation Administration (FAA) ordered all carriers operating the Dreamliner fleet to ground their B787 aircraft in mid-January. Boeing’s engineers presumed that the fire accidents...
