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Agency bars Promising International from bidding

The Public Procurement and Property Administration Agency has barred Promising International Trading Co. Dmcc – a major supplier of wheat to the Ethiopian market – from participating in any bidding process in the country with the decision coming into effect for the coming one year, The Reporter has learnt.

UK-led investors explore opportunities in Ethiopia

A team of 25 business delegates led by UK’s Trade Commissioner, Emma—Wade Smith, have met and discussed with more than seven-line ministries and government agencies looking to set foot in the newly rebranded Ethiopia, as the administration of Prime Minister Abiy Ahmed (PhD) introduces a wide raging of economic reforms including partial privatization of some of the biggest State Owned Enterprises (SoE) in Ethiopia.

LDCs remain unfriendly to entrepreneurs, UNCTAD

The United Nations Conference on Trade and Development (UNCTAD) has found in its annual Least Developed Countries (LDCs) report that entrepreneurs are faced with numerous constraints and struggle to stay in business across the LDCs where Ethiopia is one of the least performers.

China sends business delegates

A group of 100 Chinese, representing 57 companies, arrived in Addis and held a series of meetings with officials and local businesses. On Friday, a meeting dubbed “China Zhejiang- Ethiopia Trade and Investment Symposium,” was held and accompanied with the launch of a Liaison Office for Commerce and Trade Arbitrations.

Another real-estate controversy

Fearing foreclosure on properties they bought as far back as 14 year ago, dozens of people, clients of O–LOGO PLC, a real-estate company owned by an Ethiopian-Italian, are in desperate mode and are asking for government intervention as the company that sold them their properties lost a court battle at the Civil Bench of the Federal High Court, Lideta Division on Thursday, where he tried to transfer some of its debts to a new sister company, O-LOGO Construction.

Ethiopian declares strong performance amid turbulent times

Ethiopian Airlines on Thursday disclosed that it was on the right track to achieve all the development targets set in the Vision 2025, a 15-year growth roadmap launched in 2011 in spite of the turbulent time the global airline industry is navigating through.

PetroChina wins fuel tender

The Chinese oil firm, PetroChina, has won the bid put by the Ethiopian Petroleum Supply Enterprise (EPSE) for the supply of fuel in 2019.

UNDP, gov’t joint program honors entrepreneurs

The Entrepreneurship Development Center (EDC), a joint program of the United Nations Development Program (UNDP) and the Government of Ethiopia through the Ministry of Urban Development and Housing, highlighted the work of a number of individuals who have embraced the ideas of entrepreneurship and as role-models for young people intent on following in their footsteps at a sold-out event at Hilton Addis on Thursday.