Archive for the ‘Business’ Category

Ethiopia, Africa’s largest coffee producer, will start exporting beans itself after closing the warehouses of six of the country’s largest exporters, which it claims are stockpiling coffee and contributing to a shortage of foreign currency. A drop in export income, because of a poor coffee harvest, weak world prices and ... Full story

Three districts have started mega projects of condominium construction on 188hct of an entirely new development site about 13Km from downtown Addis, near Summit area, in the south east part of the city. The over 942 million Br worth of condos construction, which started last month, is still in its initial stage on the wide ... Full story

The Revenue and Customs Authority operation to get back millions of birr in tax arrears from private businesses has resulted in chaos all over the city. A few weeks back the task force set up to enforce the collection requested companies to submit documents describing their purchases of imports, local purchases and local sales for ... Full story

The East African Bottling Share Company (EABSC) restarted production of Coca-Cola on Tuesday night after importing crown corks from Kenya. A shortage of bottle tops forced the closure of EABSC's Addis factory almost two weeks ago. Officials told Planet that the factory started production of Coca-Cola with a 24 ... Full story

The Ethiopian commodity exchange (ECX) is devising a proposal for agriculture training centres to disseminate trading and exchange programs to coffee and green crop farmers. Eleni Zaud Gebre Medhin (PHD) told Capital the institutions have already promised to include details of ECX's program and how it is working in their curriculum for the diploma program. In addition, ... Full story

Air Ethiopia, the newly established local private airline company, is seeking to acquire two additional Beech 1900s in three to four weeks’ time, Capital learnt. After obtaining an operational license from the Ethiopian Civil Aviation Authority (ECAA) a month ago, it has already started conducting flights to different parts of the country. Founded by Captain Abera Lemi, a ... Full story

Farmers in the Oromia Regional were recognized with award in the 3rd annual Farmers Festival held in Adama (Nazret), Oromia. Regional President Abadula Gemeda said the awards recognize the efforts farmers are making in contributing their efforst towad the future goal of helping the country join the exclusive group of middle-income earning nations. These farmers, ... Full story

The Addis Ababa City Roads Authority (AACRA) is contemplating to award the sophisticated Maskel Square-Bole road project comprising three bridges and two road junctions, it was learnt. The authority is posed to take the move after the first local contractor, Eniy Construction, failed to carry out the job for capacity reasons although it clinched the original contract award. The authority will in two weeks re-tender the 4.1 ... Full story

This need has long been there but was recently highlighted during a meeting in Africa between Irish Cameraman, Fergal O'Hanlon, and 'Connect Ethiopia' Committee member, Philip O'Dwyer and local TV Producer Teferra Ghedamu. During this accidental meeting it became obvious that there was something that could be done in Ireland to assist in supplying and training people in Ethiopia to develop their TV and film ... Full story

The Cabinet of the Oromia Regional Government has removed Alemu Semie from his post as commissioner of the regional Investment Commission. The Cabinet, headed by Abadula Gemeda, president of the region, passed the decision to replace Alemu with Ismael Yasin, head of the Trade and Industry Bureau, on January 1, 2009 following the evaluation it has conducted in Adama ... Full story