SAMSUNG : Style Meets Function

Samsung SmartPhones
  BY MIKIA MERHATSIDK, DEPUTY EDITOR-IN-CHIEF Robert Ngeru, is vice president for Central and East Africa for Samsung. A graduate from the University of Sunderland, United Kingdom, he joined the company four years ago. He has worked as Chief Commercial Officer for the East Africa region, before getting promoted to his current post. The following is an interview conducted by the Addis Ababa-based...

Holiday Booth

Hewan Woldegebriel, sales person of Country Trading, arranging her wine collection for the holiday market at the upscale liquor store of the company around Piazza in Arada district (photo: Addis Fortune)
Hewan Woldegebriel, sales person of Country Trading, arranging her wine collection for the holiday market at the upscale liquor store of the company around Piazza in Arada district (photo: Addis Fortune) The liquor market that saw slump during the lent, hopes to pick up the pieces during the holiday season. Addis Ababa, Ethiopia - Medhanit Tekle, a 26-year old newly married woman who lives around...

Addis Ababa to host US-Africa Energy Summit

African Union Conference Center
Addis Ababa, Ethiopia - The governments of Ethiopia and the United States will co-host the US-Africa Energy Ministerial (AEM) meeting in Addis Ababa, Ethiopia, from June 3 to 4. According to the Ethiopian Ministry of Water and Energy, AEM will focus on the theme of Catalyzing Sustainable Energy Growth in Africa and provide a forum for major announcements and commitments that support energy development...

New Age Ltd assesses exploration well potential

New Age Ltd
By Kaleyesus Bekele Addis Ababa, Ethiopia - The British company that is prospecting for oil in the Ogaden basin, New Age Ltd, is assessing the oil and gas potential in the well it recently drilled. The well-dubbed El Kuran-3, in the Somali region of Ethiopia, has reached a total depth of 3,528 meters. Experts of New Age have noted oil and gas flows in the well. The experts are now trying to identify...

For the love of one’s country

Tedros Adhanom Ethiopian Diaspora
Ethiopian diaspora invests over 22.3 billion in two decades By Yohannes Anberbir Addis Ababa, Ethiopia - Despite failure to meet expectations, the gross total investment outstanding that the Ethiopian diaspora community have brought back home is reported to be in excess of 22 billion birr since the ruling Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) came to power. However, only...

Hawassa to host African Union’s high-profile conference

Hawassa African Union
By Yonas Abiye, Hawassa The fastest growing town in Southern Ethiopia, Hawassa, has taken its urban status up a notch by readying itself to host a major international conference following Addis Ababa’s suit. As of earlier this week, Hawassa, the capital of Southern Nations, Nationalities and Peoples Regional State (SNNPR), marked a new chapter while hosting a high-profile conference of the African...

Ethiopian Voted and Won Best Airline of the Year Award in China –

Ethiopian Dreamliner
PRESS RELEASE Ethiopian Airlines, the fastest growing and most profitable airline in Africa, is pleased to announce that it has won the Best Airline of the Year Award at MICE Magazine’s 7th Annual Award Ceremony held in Beijing, China on April 11, 2014 in the presence of 200 top travel trade professionals, travel agents, representatives of the national tourism offices and media from all over China....

Breakthrough in riding the rails in Ethiopia

Tram
CNR Changchun uses embedded technology transfer for growth in Africa By Wang Chao and Zhong Nan Addis Ababa, Ethiopia –  As dusk falls on Addis Ababa, it is easy to spot the shadows of the giant cranes that are busy laying the rails for Ethiopia’s ambitious light-rail transit system. The $475 million project, being executed by China Railway Engineering Corp, will soon have Chinese-made...

Ethiopia-Indonesia Trade Exchange Grows Fivefold

Ambassador Ramil Saud
Addis Ababa, Ethiopia –  The annual trade exchange between Ethiopia and Indonesia has jumped from 70 million USD to 350 million within the last three years, the Indonesian Ambassador in Ethiopia said. Ambassador Ramil Saud said significant progress in trade and people-to-people relationship was registered during the past three years. The fivefold growth in trade confirms that, he added. Pea,...

ERC to outsource light rail operations management

Addis Ababa, Ethiopia (Walta Information Center) – Ethiopian Railways Corporation (ERC) is planning to hire an international company which would be responsible to manage operations once the Addis Light Rail Transit (AA-LRT) commences service. As the Addis Light Rail project enters its final phase of power traction works, ERC’s director general, Dr. Getachew Betru (Eng.) said the corporation is...
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