Ethiopia holds one of the biggest market shares for DHL Express in Sub-Saharan Africa

Essete Gebriel Addis Ababa, Ethiopia – DHL Express Ethiopia stated that Ethiopia is among the top five countries in Sub-Saharan Africa in terms of volume of items handled by the company. “Looking at the sub-Sahara region, the data shows us that Ethiopia is among the top five countries in terms of handling a large volume of items that […]

A different taxi

Adika Taxi Addis Ababa, Ethiopia – Established in February 2014 as a sister company of Adika Tour & Travel Plc, with initial capital of 7.5 million birr, Adika Taxi Services Plc, launched its meter taxi service in Addis Ababa. Adika paid nine million birr for the purchase of 25 taxis that Zemen Bank foreclosed from Sheger City […]

Ethiopian Graduates 121 Aviation Technicians and Marketing Professionals

EAA Graduates Press Release Addis Ababa, Ethiopia – Ethiopian Aviation Academy, the largest aviation academy in Africa and an IATA authorized global training center, is pleased to announce that it has graduated 96 aviation technicians and 25 marketing professionals at a ceremony held at Ethiopian Headquarters on 25 September 2014. At the graduation ceremony, Ethiopian Chief Executive […]

Construction Exhibition Brings Local, Global Industry Leaders Together

Ethio-Con Exhibition Addis Ababa, Ethiopia – Ashenafi Merede, a businessman, was cheerful when leaving the compound of the Addis Abeba Exhibition & Marketing Development Enterprise (AAEMDE) on the evening of Wednesday, September 17, 2014. He had just visited the 11th Ethio-Con Exhibition, which was organised by the Ethiopian Construction Contractors Association (ECCA). The exhibition, named “Construction: Path […]

The 2nd Ethiopia Banking and ICT Summit to be held in November

Ethiopia Bankingi and ICT Addis Ababa, Ethiopia – The 2nd Annual Ethiopia Banking and ICT summit will take place here on November 21, 2014. The one day summit is designed to highlight the key Investment opportunities especially in the Banking & ICT Sectors. As an emerging economic capital for the region, Ethiopia is leading the way in industrial growth, […]

Ethiopia to establish enterprise to coordinate textiles sector

Textile Industry Addis Ababa, Ethiopia – Textiles Industry Development Institute announced plan to set up a national enterprise aimed at addressing challenges related to shortage of raw material supply. Institute Director-General, Sileshi Lemma, said that the Enterprise will help create linkage between cotton producers and textile industries. The Enterprise will have the mandate to purchase, sell and […]

Poli Lotus International Center, Ethiopia’s first urban complex

President Mulatu inspecting the new urban complex project (Photo: Teh Reporter) Addis Ababa, Ethiopia – Poli Lotus International Center, the first urban complex project in Ethiopia developed by Chinese investment, was opened on Monday in Ethiopia’s capital Addis Ababa. The project executed by Tsehay Real Estate, which is co- invested by the China’s CGC Overseas Construction Group (CGCOC) and Chinese investor Qian Xiao, includes public and […]

Nation’s Most Expensive Dam Undertaken by Sino-Ethiopia JV

Addis Ababa, Ethiopia – A joint venture between two Chinese and one Ethiopian contractor are undertaking the construction of the twin Gebba Hydro electric power dams, with 9.3 billion Br in financing from China. The dams will be built on the Gebba River in western Ethiopia across the Jimma and Ilu Aba Bora zones of […]

Lion’s Departure Sees Third Ethiopian Bank President Resign in Fortnight

By Fasika Tadesse, Addis Fortune Previously, both the Bank of Abyssinia and the Debub Global Bank had waved goodbye to their presidents. Addis Ababa, Ethiopia – Negusu Gebregziabher has resigned from his job as President of Debub Global Bank, making him the third bank executive in the industry to leave a top post in the […]

Drinking in the New Year

Helen Alebel, salesperson at Winter Palace Liquor Distributor is seen showing her customers different kinds on liquors and their prices in the store (Photo: Addis Fortune) By Aster Mengesha, Addis Fortune Addis Ababa, Ethiopia – As has been his custom during past holidays, Taye Befirdu, a 37-year-old husband and father of one, was queuing up in front of the National Alcohol & Liquor Factory outlet at Mexico two days ahead of the New Year for his favourite drink, ouzo – Nech […]
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