Economy

In conversation: Eleni Gabre-Madhin

Eleni Gabre-Madhin

With her new company, Eleni Gabre-Madhin aims to take the commodity exchange momentum that started with the Ethiopian Commodity Exchange, to the rest of Africa. Report by James Jeffrey in Addis Ababa. Addis Ababa, Ethiopia – The offices of commodity exchange company, eleni, occupy the top two floors of Tracon Tower, where one can gaze north and south along […]

Ethiopia Earns $245 Million from Horticultural Products

Ethiopian Floriculture

Addis Ababa, Ethiopia – The Ethiopia Horticulture Development Agency said 245 million USD was earned from export of flowers, vegetables and fruits during the just-ended Ethiopia fiscal year. Agency Director-General Alem Woldegerima told Ethiopian News Agency that of the total revenue earned 199.74 million USD was secured from flowers, 40 million USD from vegetables and 6 […]

Oilseed overtakes coffee as Ethiopia’s top export earner

Oilseeds Export

Addis Ababa, Ethiopia – Export of oilseeds has become the biggest foreign exchange earner for Ethiopia overtaking coffee, the country’s number one export item for decades. A ten-month performance report obtained from the Ministry of Trade (MoT) reveals that Ethiopia obtained just under 585 million USD from export of oilseeds, knocking coffee off its perch for […]

Southwest Holdings Expands its Investments

Tewodros Ashenafi

By Kaleyesus Bekele, The Reporter SouthWest Holdings is an Ethiopian investment group comprising SouthWest Development, SouthWest Energy, and SouthWest Technologies, among others. It is also in the process of establishing SouthWest Foundation. Kaleyesus Bekele of The Reporter sat down with Tewodros Ashenafi, chairman and CEO of SouthWest Holdings, in his Addis Ababa office and discussed the […]

US says committed to support Africa’s economic growth

U.S. Secretary of State Penny Pritzker on Saturday reiterated commitment to supporting Africa's integration into world economy (Photo: World Bulletin) -

Addis Ababa, Ethiopia -U.S. Secretary of State Penny Pritzker on Saturday reiterated commitment to supporting Africa’s integration into world economy.    “Africa is proving economic success, good story to the world and U.S. aspires to support African economic growth,” Pritzker said at the conclusion her two-day visit to Ethiopia along with Congresswoman Karen Bass.    Describing Ethiopia as “one of […]