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Tej Thrives Locally
Addis Ababa, Ethiopia -Â Mulumebet Gebeyehu was an accountant in a government office for 26 years, before eventually quitting to brew tej, honey meade, as a business, in a belated decision following a family party.
The party was to celebrate the graduation of her daughter, last August. She prepared and served various traditional foods and tej to her guests, some of whom were very excited about her...
Ethiopia Earns $2.2 Billion From Exports
Addis Ababa, Ethiopia -Â Ethiopia secured close to 2.2 billion dollars from export during the last nine months of the current fiscal year, which only shows a 2.8pc increment compared to the same period last year.
Coffee still remains the country’s main export item generating 513.8 million dollars; followed by gold, which generated 432.1 million dollars. Oilseeds came third generating 314.5 million...
Boosting Ethiopia’s economy, one shoe at a time
Addis Ababa, Ethiopia -Â For Bethlehem Tilahun, the answer to ending poverty in Africa is not aid or sympathy or donations from the West. It’s shoes.
Specifically, building a successful shoe manufacturing business that creates jobs, empowers employees, like the one she founded SoleRebels, the first ever global footwear company to come out of a developing country.
“You don’t build your...
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....
