Sunday, February 25, 2024

Business

Turkish giant to invest USD one billion in Beles...

- Molino looks for partners to set up a food city complex     By Zekarias Sintayehu, Istanbul, Turkey The Turkish giant, Bedisa Group, is negotiating to take over 75 percent of Beles Sugar Project, which is located at Amhara Regional State, some 576kms from the capital Addis Ababa, by investing USD one billion.

Ethiopian inaugurates new catering facility

Ethiopian Airlines is scheduled to inaugurate today a new state-of-the-art in-flight catering facility it has built at its hub in Addis Ababa at a cost of 20 million dollars.

ICL negotiates for smooth exit from Ethiopia

Following the announcement of its decision to terminate its potash mineral development project in the Afar Regional State, Israel Chemicals (ICL) is negotiating a smooth exit from Ethiopia.

NBE forex guidelines further restricts banks

In a move to regulate the allocation of foreign currency to importers, the National Bank of Ethiopia (NBE) has ordered commercial banks to allocate foreign currencies to importers without restrictions on the number or the value of pro forma invoices submitted by importers and ordered them not to turn away any importer requesting foreign currency.
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Total, AAU Suggest reuse of motor oil

-   Used oil poses health, environment hazards Total Ethiopia and the Addis Ababa University Institute of Technology are undertaking a study on the possibility of recycling used motor oil which currently is disposed everywhere, posing a hazards to the environment and human life.   

Turkish African expansion threatens continental carriers

Turkish Airlines a.k.a Türk Hava Yolları (THY) has put Africa at the center of its business strategy posing a new threat to African carriers, particularlyEthiopian Airlines.

Managing Investor’s Confidence

On May 2, 2011, the commander-in-chief of the US armed forces, President Barack Obama, interrupted a regular television broadcast to appear on the TV screens.

Lack of standards stifles print industry

Lack of standards in printing is crippling the industry, publishers and printers indicated. Currently, there are no standards that govern those who enter the industry and their products as well.
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EEP unveils 2.5 billion, 38-storey HQ building

Chinese firm clinches the mega projects The Ethiopian Electric Power (EEP) unveiled on Thursday the commencement of a project pertaining to a 38-storey Headquarter Building (HQ) at a cost of a whopping 2.5 billion birr.

MasterCard Foundation funds 12,000 young entrepreneurs involved in beekeeping,...

Disburses USD 250 mln out of half billion set for Africa’s financial inclusion plan The Toronto-based MasterCard Foundation said it is working to make ways for some 12,000 young entrepreneurs in Ethiopia engaged in beekeeping and silk farming activities in order to help them connect in the supply chain of  the textile and agribusiness industries, it was learnt.
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