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Total calls for innovative business ideas

Through its program dubbed Startupper of the Year Challenge, Total Ethiopia S.C is providing financial and technical assistance to local young entrepreneurs who can come up with innovative business project proposals.   

Fertilizer bid valued at USD 400 mln awaits decision

The Ethiopian Agricultural Business Corporation is waiting on the government’s approval on a multimillion dollar fertilizer bid, The Reporter has learnt. The procuring entity sent a letter to Ministry of Agriculture and Natural Resource for the approval before it proceeds to the next steps.

Fuel Shortage hits Tigray

Emerging business activities along the border of Ethiopia and Eritrea has created a shortage of fuel supply in major towns of Tigray, The Reporter has learnt.

DP World eyes Dire Dawa for logistics development

While Ethiopian officials  failed to show up at the contract award and signing ceremony of the USD 101 million Berbera Port phase one expansion project, DP World, UAE’s port and terminal operating company has expressed its interests in developing logistical trade facilities at Dire Dawa and the surrounding areas in Ethiopia serving the so called Berbera Trade Corridor.

Adama gets USD 140 million Industrial Park

The first phase of the USD 140 million Adama Industrial Park was inaugurated by Prime Minister Abiy Ahmed (PhD) on Sunday October 7, 2018.

The industrial park rested on 365.5 hectares of land and the first phase which saw the construction of 19 manufacturing sheds took place in 102 hectares of land, according to information from the Industrial Parks Development Corporation (IPDC).

Abay bank, WorldRemit strengthen ties to aid transfers

Abay Bank and WorldRemit are forging a relationship to help facilitate the transfer of funds from the growing Ethiopian Diaspora communities via its digital online low-cost money transfer service. This is its seventh partnership with local banks; including the state-owned Commercial Bank of Ethiopia (CBE).