In the wake of privatizing state-owned sugar plants and properties, consultants hired to shape the future sugar sector in Ethiopia have urged the government to remove the existing 33 percent excise tax levied on local producers.
Cementing its six decades of business in the beverage industry of Ethiopia, the Coca-Cola Company under its subsidiary in Ethiopia has tendered its bid to acquire a sugar plant or plants the government is about to privatize in the early months of 2020, The Reporter has learnt.
The Somaliland Port Authority has planned to spend an additional outlay of USD 269 million for the Berbera Port container terminal, yard operations and expansion of facilities to be completed by the end of 2025.
Jack Ma, the co-founder and former executive chairman of Alibaba Group, is coming to Ethiopia. According to sources, he is to lead a large business delegation and will be arriving in the capital tomorrow afternoon.
One of the most prominent hotels in Bahir Dar, Grand Resort and Spa, is to be named Radisson Bahir Dar and will be fully managed by one of the most sought after international brands. This is the first time the brand has ventured outside of the capital.
The Chief Executive Officer of the United Development Finance Corporation (DFC), Adam Boehler visited Ethiopia this week and held a meeting with sections of the leadership including Prime Minister Abiy Ahmed (PhD), on how to support the slew of reform initiatives on the nation’s developmental goals.
The coming of Prime Minister Abiy Ahmed (PhD) to power has been marred with critical political, economic and social pitfalls. His measures in relaxing the stifling leadership style of the ruling Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) likewise stimulated many to come out and speak.