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Complete reconfiguration for sugar industry  

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.

Coca-Cola joins race for sugar plants

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.

NBE lifts bill purchase directive

The National Bank of Ethiopia (NBE) has lifted its yearlong mandatory requirement imposed on private banks to purchase bonds from the Development Bank of Ethiopia (DBE).

Alibaba founder to talk business with Ethiopia

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.

DFC chief visits Ethiopia  

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.

Cheers all around

Ethiopian Airlines recognized members of Sheba Miles, its frequent-flyer program, as it marks the 20th anniversary of the program. 

Macroeconomic imbalances evolving to crises

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.