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Washington trade expo to facilitate AGOA

Destined to be held in Washington DC, Ethio-US 2020 trade fair is set to facilitate business opportunities for 200 local companies in a bid to revitalize the African Growth Opportunity Act (AGOA) which is drawing to its deadline in five years.  

Ethio Lease to mechanise the agriculture sector

The first foreign-owned leasing company, Ethio Lease, yesterday signed Memorandum of Understanding (MoU) with the Ministry of Agriculture and the Agricultural Transformation Agency (ATA) enabling it to lease agriculture machineries to ATA sponsored farmers’ mechanisation centres.  

Belayab to expand into Djibouti

Belayab Foods Production PLC – owners of Pizza Hut and Cold Stone Creamery franchises which opened this morning in Sar Bet – is set to emulate its international brand operation successes in the nation, in neighboring Djibouti.

Ethiopian Electric Power gets new boss

The Board of Directors of Ethiopian Electric Power has appointed Ashebir Balcha, executive officer, power generation construction, as chief executive officer replacing Abraham Belay (PhD) who became Minister of Innovation and Technology.

Ethiopia secures USD 2.9 bln in credits

During the first half of the current Ethiopian fiscal year, Ethiopia has secured USD 2.9 billion birr in the form of new loans and credits from its foreign development partners, the Ministry of Finance announced this week.

Paradise Lodge sets foot in Kenya

Omotic General Trading Plc., the owner of Paradise Lodge in Arba Minch and in Turmi, is set to open yet another of its signature lodge in Maasi Mara, Kenya after acquiring a land from its local government.