Recent News

NEC Corporation Eyes Ethiopia Market

NEC Corporation, a Japanese multinational provider of information technology (IT) services and products, has expressed its interest to enter Ethiopia’s telecom and information technology m ...

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Local Company Eyes Wonji, Metehara

The newly established Ethio-Sugar Manufacturing Share Company has started negotiations to acquire both Wonji-Shoa and Metehara Sugar Plants, pioneering state-owned sugar crushers established ...

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Local Group lands JV deal with Geepas

Belayab Group  a conglomerate with a diversified business portfolio ranging from hospitality, electric cables supply and food processing in addition to car assembly has signed a joint ventu ...

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Crude Palm Oil to be Imported to Save Forex

The Ministry of Trade and Industry which is not happy about spending half a billion USD to import palm oil from Singapore and Malaysia are consulting with 11 large local edible oil producers ...

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Ethiopia’s GDP Likely to Double Every Decade

Ethiopia’s GDP growth will exceed and expand the 7 percent mark characteristic of the African continent well into the 2020’s, as per a report by the British Bank Standard Chartered and A ...

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