Sunday, February 25, 2024

Business

Gebru Mersha – a beloved and daring academic

“Do not use a word or concept that you can not define”; “Democratize your household first," are some of the living words for which his students at Addis Ababa University (AAU) will remember the unapologetically Marxist political science and international relations professor Gebru Mersha.

National Export Council to be restructured

In a bid to address issues with the export sector and boosting the stagnated export trade, the Ethiopian government is to restructure the National Export Council, and will be led by Prime Minister Hailemariam Dessalegn.

Tourism sector still faces challenges, yet promising

In the midst of challenges faced by the tourism industry in the country, Ethiopia attracted 800,000 visitors last year, earning the country much-needed foreign exchange to the tune of USD 5.6 billion, a report revealed.

Accor Hotels expands to operate five brands in Ethiopia

The French brand operator Accor Hotels Group has inked contract agreements with local investors to install three additional brands in Ethiopia. As a result, Accor Hotels operated hotels will reach five in the country.
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Business guru Zemedeneh part ways with EY, assumes new...

Zemedeneh Negatu, a leading businessman, who was the managing partner of EY Ethiopia, has parted ways with the multinational consultancy and advisory firm, EY (formerly Ernst & Young), ending a decade-and-a-half old relationship. Zemedeneh has now assumed a new role – Global Chairman of Fairfax Africa Fund LLC.

Coffee conference concludes with plausible expectations

Hosting the 15th edition of the African Fine Coffees Conference and Exhibition, members of the African Fine Coffees Association (AFCA) expressed that the turnout of the event was promising in attracting more businesses to local exporters.

Ahead of recess, house endorses over USD 860 mln...

On the last day of work before the half-year recess, the House of People’s Representatives (HPR) on Tuesday endorsed eight bills on USD 860 million loan agreements the government signed with lenders.

Dangote plans portfolio expansion in Ethiopia beyond cement

Forex shortage affects cement factory productivity The richest man in Africa, Aliko Dangote, is contemplating to invest in the Sugar industry in Ethiopia.
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Ethiopian bags record high profit of 6 bln birr

Political unrest has minimal impact on the airline Africa’s largest and fastest growing airline, Ethiopian Airlines, has made a record high net profit of six billion birr (273 million dollars) in the 2015-2016 fiscal year ending June 2016.

Family Milk to invest 80 million birr in expansion...

One of the indigenous dairy producers, MB-PLC, producer of Family Milk, is to invest 80 million birr on its diary manufacturing plant located in Lafto Industrial Zone.
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