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New company joins taxi hailing business

El-Taxi Trading has become the latest company to enter the taxi hailing app business in which taxi owners’ associations are members along with the management of the company. It has been four months since the establishment of the company.

Ethiopian social enterprise under the spotlight

Ethiopia is set to host the Social Enterprise World Forum (SEWF) next month. With over one thousand delegates expected to be in attendance in the capital, the gathering is to focus on the concept of social entrepreneurship, a new concept to a population and a nation still dependent of reaching its ambitious goal of better sustainable growth and human development in the old conventional ways as it pushes ahead with becoming a middle income nation in less than a decade and attempts to attract the foreign investment that has changed its narrative for the better.

Local firm receives award for promoting hotel brands

The Global Brands Magazine (GBM), a UK-based publicationdevoted to news and opinions on brands that are shaping the future of their industry,has recognized Calibra Consultancy and Business PLC for its efforts in promotinghotel investment and branding in theEthiopian hospitality sector.

Saudi energy firm awarded first solar project under PPP

A Saudi Arabian firm, ACWA Power, has won a USD 300 million worth solar Public Venture (PV) contract, becoming the first private company to win a mega project under the Public Private Partnership (PPP), after the PPP Board of Ethiopia approved the bid summited by the firm.

Qatari hospitality giant to invest Euro 500 mil in Africa

The Qatari hospitality giant, Katara Hospitality, is said to be conducting its due diligence to invest Euro500 million in the African hospitality market, targetinga chain of hotels and convention centers to be built across the continent, The Reporter.

Mayoral gratitude

Dashen Bank S.C has opened its newly designed branch office, named after Ethio-Saudi business tycoon, Sheikh Mohammed Al Amoudi, who is now believed to live in the Kingdom of Saudi Arabia after being released from prison having spent a year and half behind bars in connection to corruption charges in Saudi Arabia.

Inflation surges to seven year high

With no signs of abating, the consumer price index inflation in Ethiopia is reported have reached a seven-year high in the just ended month, intensifying fears that it might exacerbate the already distorted macroeconomic situation in Ethiopia, The Reporter has learnt.

KEFI to start next phase development in Tulu Kapi Gold 

Kefi Minerals Plc, a UK-based gold exploration and Development Company, and its Ethiopian subsidiary Tulu Kapi Gold Mine Share Company Limited, which it owns in partnership with Ethiopian government, are set to start the next phase of the development of its mining concession in October, 2019, The Reporter has learnt.