Business

A Dutch-based economic consulting and research firm, Ecorys, has said that it will be developing policies that aims to progress Ethiopia’s industrial drive into middle income status.

Despite the mounting fears and speculation that the State of Emergency (SoE) is likely to affect the tourism sector, the Ministry of Culture and Tourism said on Thursday that in the first quarter of the current fiscal year the nation has managed to bag some USD 872 million exclusively from foreign tourist flows.

The legendary long distance athlete and investment tycoon, Haile Gebresilassie, said that he is still waiting for the approval of the Addis Ababa City Administration cabinet to secure a plot of land he requested to build an assembly plant for the Korean vehicle brand Hyundai in the southwestern outskirts of Addis Ababa.

Prime ministerial committee established to fast track the gold project The British mining firm, which is developing the Tulu Kapi gold mine in western Wellega, KEFI Minerals, has asked the Government of Ethiopia to increase its investment on the gold project.

Lack of coordination hampers timely supply of container Indicating the gradual markup of containerization costs at the Port of Djibouti, experts of the shipping and logistics sector have called on the government to closely monitor and regulate the role of local shipping agents, and help create the opportune settings for the movement of locally containerized and staffed goods to forgo this unnecessary cost.   

Unveiling a five-year strategic plan, the Ethiopian Construction Projects Management Institute (ECPMI) called for more regulatory and controlling power in the sector, a call the Ministry of Construction denied swiftly.

Invests 1.2 billion birr for the project The latest entrant to the Ethiopian beer industry, Zabidar Beer SC, which is based in the Southern Region State has joined the market with pull off caps. The pull off cap a.k.a. RipCap, which is a first-of-its-kind to the Ethiopian market, avoids the customary bottle openers.

State and private airlines criticized the Ethiopian Airports Enterprise (EAE) for in efficient airport services in the Addis Ababa Bole International Airport as well as regional airports.

Sectoral study commission by Prime Minister Hailemariam Dessalegn one year ago is turning tides in the nation’s agricultural sector.

In recent years detailed studies and reports coming out of the Office of the Prime Minister are becoming quite the conversation starters.