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Addis Chamber, Commission embolden diaspora to invest in Ethiopia
Spread the NewsAddis Abeba Chamber of Commerce and Sectoral Association (AACCSA) and City’s Investment Commission encouraged members of Ethiopian and Ethiopian descent diaspora to invest in priority areas in the agriculture, manufacturing and service sectors. AACCSA and the Commission have presented the investment incentives in the sectors on Tuesday while they discussed opportunities in Ethiopia….

Ashenafi Merid, General Manager of EBSFMIA on the challenges & prospects of bottled water manufacturers
Spread the NewsEstablished in July 2019, the Ethiopian Bottled Water, Soft drink, Fruits and Vegetable Processing/ Manufacturing Industries Association (EBSFMIA) has close to 138 companies with 55,000 permanent employees and 71 thousand jobs across its value chains. EBSFMIA has conducted a survey to eliminate the impacts of imported bottled water plastics Necksils against the environment….
Ethiopia’s hydro carbon potential highlighted at the Doha Economic Forum
Spread the NewsEthiopia’s hydro carbon potential has been highlighted at the Doha Economic Forum held this week. Tewodros Ashenafi, chairman and CEO of South West Holdings, who participated at the Doha Economic Forum explained about Ethiopia massive oil and gas potential. Tewodros who was a panelist in the Doha Economic Forum remarked, “Ethiopia has 350,000…

Possible effects of Russia-Ukraine war in Ethiopia’s economy
Spread the NewsRecently, the price hike of edible oil shocked customers. Meanwhile, the Russia-Ukraine war lasted over 3 weeks. This war is believed to have economic burdens on developing countries such as Ethiopia. Yared Nigussie of Origins Business spoke to Eshetu Ejara, an Agricultural Economist by trade to know the details, excerpts; Both Russia and…

Safaricom ranked “Most Valuable Firm” in East Africa by market cap
Spread the NewsAccording to a report— a compilation of the most valuable brands by market capitalization – by analysts at AfricanFinancials Group, Safaricom is the most valuable brand in East Africa and Mauritius, with a market capitalization of $15.4 billion. Safaricom’s shares have soared following its announcement of securing a telecommunications license to operate in…

Nyala Insurance amasses gross profit of 194.3 mln Birr
Spread the NewsNyala Insurance S.C. reported that it has amassed a gross profit of 194.3 million Birr in the concluded fiscal year in June 2021. Nyala Insurance conducted its 27th regular and 20th extraordinary general meeting on Thursday at Sheraton Addis Hotel. During the meeting, Getachew Birbo, Chairperson of the Board Directors said: “The profit…