Archive for the ‘Business’ Category

ADDIS ABABA (Fortune) — A new report on ease of doing business around the world has been published by the World Bank and it shows that Ethiopia has improved its environment for doing business with the country moving up nine places on the index table from position 116 to 107. Wow! Incredible! The development comes barely a month after another World Bank report on competitiveness where ... Full story

The Ministry of Trade and Industry will provide 150 acres of land for investment projects in footwear, Tadesse Haile, the Minister of State for Trade and Industry, told The Reporter. The ministry has secured 25 acres of land in the Akaki/Kaliti subcity and 125 acres more in Adama from the Oromia Regional State for a footwear industrial zone, according to Tadesse. Footwear has become one of ... Full story

Addis Abeba — Holland Car Plc of Ethiopia, a company assembling and distributing cars in Ethiopia announced a plan to manufacture new environmental friendly bio-gas cars. It said the first model of bio-gas car will be displayed in the coming November. The company has agreed with three foreign companies to work jointly to establish a ... Full story

Addis Ababa, Ethiopia — Ayat Real Estate Enterprise major shareholder Ayalew Tessema is out on bail after spending more than a week in police custody on tax evasion charges. However, Ayele Debela, known as IMF for his lending business, remains in custody. Flexing its muscle after the reform that merged two former agencies, the ... Full story

Addis Abeba — The Extra-ordinary General Assembly of the Federation of the African Chambers of Commerce, Industry, Agriculture and Professions was held here at the UNECA Conference Center in Addis Ababa from July 6-7, 2009. The assembly in its two-day session deliberated and passed decisions on the Charter and Code of conduct of the Federation, its long and short term plan, the permanent seat of the ... Full story

ENA - Over 2 billion birr coffee was traded through the Ethiopian Commodity Exchange over the past eight months, Ethiopian Commodity Exchange Authority said on Thursday. Speaking at a half-day workshop organized for coffee trading stakeholders, authority's director general, Ambassador Dr. Adissalem Balema said the national coffee trading is being smoothly undertaken through the new institution; the ... Full story

Jimma, Ethiopia - Some 1,104 condominium houses being constructed in Jimma Town, Oromia State at a cost of over 91 million Birr will be transferred to beneficiaries in the near future, town housing development project office said. Office Manager, Kefyalew Ayana told ENA that construction of the condos will be fully finalized after a month. The budget for construction of the condos launched in 1999 E.C. was ... Full story

One of the most expensive litigations in Ethiopia's judicial history has been filed by a prominent businesswoman, Mekia Mamio Sikessa, who is claiming compensation worth 300 million Br from two expatriates who allegedly provided faulty consultancy services to her agro-business company. Mekia filed the civil suit on May 8, 2009, at the Federal High Court, Civil First ... Full story

(May 27, A360) - From caring for her family to preparing a sublime array of traditional Ethiopian dishes at her Taste of Ethiopia restaurant in Pflugerville, Woinee Mariam throws her heart and soul into everything she does. That passion compelled her to sit for four hours on the hard floor of her daughter's new school in Washington, ... Full story

ASA NEWS-According to the document, which is released at the First Session of the Committee on Development Information, Science and Technology held in Addis Ababa, Ethiopia, the country has been utilizing ICT for exchange of information among institutions and thereby improve provision of social and administrative services. The report, which comprises status of ICT utilization in 12 African countries, indicated that Ethiopia has ... Full story