Tuesday, January 31, 2023

Author Name

Birhanu Fikade

Total Articles by the Author


ERCA seizes smuggled gallstones destined to China

A decisive tip-off led the Ethiopian Revenues and Customs Authority (ERCA) to seize some 20 million birr worth of animal gallstones destined to China, which the authority put up for auctioned on Thursday.

Online presence in hospitality business

Estelle Verdier-Watine is the co-founder and managing director of Jovago.com for East Africa. Jovago.com is Africa’s leading online hotel booking website with offices in Nigeria, Kenya, Senegal, and Algeria.

Having confidence in the potential

Jin Kimiaki is chief country representative for Japan International Cooperation Agency (JICA). During his stay in Ethiopia, he was able to receive both Prime Minister Shinzo Abe and the newly assigned JICA’s president, who visited Ethiopia one after another.

EU extends EUR 35 mln for establishment of business school here

The European Union has extended a sum of 35 million euros to Addis Ababa University (AAU) for the establishment of the Ethio-European International Business School and the Ethio-European Business Innovation Center.

Gov’t contemplates USD 1.5 agro industry parks

- Manufacture export fares way below target The Ministry of Industry (MoI) has vowed to build four major integrated agro industrial parks with a total cost of USD 1.5 billion separate from the ongoing industrial parks development projects headed by the Industrial Parks Development Corporation (IPDC).

Real estate developer to open Best Western Hotel in weeks

Vows to build 166 homes per month in two years The new entrant to the real estate business in Ethiopia, Noah Real Estate, is poised to inaugurate Best Western Hotel in six weeks’ time.  

Chinese EX-IM vows to extend USD one bln for interstate industrial park project

Led by Hunan Provincial Government, the branch of the Chinese Export and Import Bank (Ex-IM Bank of China) pledged to extend USD one billion for the construction of an industrial park expected mainly to host Chinese enterprises.

Local steel factory expands to manufacture 250,000mt wire rod

Predominantly owned by Ethiopian returnees from South Africa, who have invested 1.55 billion birr for the expansion of C&E Brothers Steel Factory, the owners are set to manufacture 250,000mt of wire rods, which ordinarily are used to manufacture nails.

New technology introduced to regulate CO2 emission vehicles release

A tiny and flappy adhesive tape sized object, which is said to be critical in regulating CO2 emissions mostly from old vehicles, is to be introduced to local customers.  

Tourism sector achieves below targets, amasses USD 2.7 bln

100 hotels rated zero stars In the concluded nine months of the current Ethiopian fiscal year, the tourism sector has enabled the country to generate a sum of USD 2.7 billion in revenue from 712,111 visitors which is found to be below the target set for the period.


Central bank bans consignment payment for beef exports

-Exporters must get full payment before shipping - Experts are...

Almost half of CSOs in Tigray remain inactive

Some have lost personnel, managerial staffs to war Nearly half...

Four Tigray cities need five billion birr to repair water infrastructure

3.2 million people face water shortage Up to five billion...

Chinese-funded road project in jeopardy, as debt restructuring delays

Financing for the project may come from government coffers The...