Business

The Next Shirt You Buy May Say ‘Made In Ethiopia.’ Here’s Why

People working on the assembly line in April 2012 at Huajian shoe factory in Dukem, Ethiopia (photo: Jenny Vaughan/AFP/Getty Images) -

By Nathan Siegel, NPR “Made in China” may be leaving your wardrobe. As labor costs in the “world’s factory” continue to rise dramatically, global fashion brands are looking elsewhere to source apparel. In addition to established hubs like Bangladesh and Vietnam, the garment game is ripe for new players: Myanmar (Burma), Haiti and Ethiopia, among […]

Ethiopia’s GDP reaches 1.5 trillion Birr

Dr. Abraham Tekeste

Addis Ababa, Ethiopia – The Ministry of Finance and Economic Development (MoFED) announced that Ethiopia’s Gross Domestic Product (GDP) has reached 1.5 trillion Birr (. MoFED State Minister Dr. Abraham Tekeste said Ethiopia has continued registering rapid economic growth during the last four years of the Growth and Transformation Plan (GTP) period. The country has registered an estimated […]

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 […]

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 […]

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 […]

SmartVista to Power Interoperability and Financial Inclusion for Ethiopian National Payment System

Eth-Switch BPC

Press Release EthSwitch selected BPC Banking Technologies to create a national retail payments infrastructure  Pretoria, South Africa, 27 August 2014 – BPC Banking Technologies, the leading provider of Open System payment solutions, announces that EthSwitch has chosen SmartVista to power its national switching operations in Ethiopia. SmartVista was selected because of its comprehensive functionality, advanced […]