Diageo PLC, the world’s leading seller of premium liquors, has sold Meta Abo Brewery to undisclosed buyer. The acquisition of Meta Abo brewery will be finalized in a month, according to sources. But the buyer and its value of acquisition is not disclosed so far. A decision to sell the brewery in a foreclosure was…
Enat Bank Share Company said that it is about to launch construction of its new headquarters at a plot of land in the financial district commonly known as Senga Tera. “The construction of our new headquarter will be sprawled over 4000 square meter of land, which we received from the City Administration of Addis Abeba,”…
Ethiopia’s access to trade benefits under the African Growth and Opportunity Act (AGOA) is at stake as the United States threatens to review the eligibility of the country if the ongoing conflict in northern Ethiopia remains unaddressed. Mixed opinions are circulating and if Ethiopia’s removed from the preferential trade agreement. Many industrial workers will more…
KEFI Gold and Copper PLC has announced on Monday that it will resume its activities after the security concerns in Wellega Zone, Oromia region is resolved. Kefi has plans to begin the building of a production facility in Tulu Kepi, Wellega. In September 2021 a serious safety / security incident occurred in the West Wellega…
Officials of the Oromia Tourism Commission (OTC) led by the Deputy Commissioner and Delegates of the Embassy of Indonesia in Addis Abeba arrived in Jimma zone for two days official visits. Following the first ever Tourism Hackathon program organized by OTC in partnership with the Embassy of the Republic of Indonesia in Addis Ababa to boost their ties. Sharing of experiences regarding the tourism sector and assessing investment…
The Agricultural Transformation Agency (ATA)has announced that clusters in Amhara region has begun exporting avocados cultivated on 200 hectares of land. 447 farmers in North Mecha Woreda of West Gojjam Zone are participating in the export process; out of which 156 farmers collected, prepared, weighed, packed and exported avocadoes weighing more 1600 quintals for the international market. Likewise, preparation has commenced to export these…
An official JV company has been established with the Moroccan giant mattress and related products producer – Uni-Confort Maroc Dolidol, and Techno style – one of Ethiopians major furniture and related product producer. Ethiopian Investment Commission (EIC) said it will fully support this partnership in order to maximize their job creation, export rate and destination.
The 4th edition of agro food and plastprintpack Ethiopia expo has opened for visitors as of Thursday, October 14 at the Ethiopian Skylight Hotel in Addis Abeba. The entire fair trade and Prana Events team has prepared this event with a lot of dedication over the past months. Exhibitors from 11 countries namely from Ethiopia,…
Ethio Telecom, the state telecom giant, announced that it has launched 4G LTE advanced mobile network in 22 cities across the nation. This expansion is part of the second phase 4G LTE advanced network expansion. Adet, Assela, Bichena, Dejen, Goba, Mota, Halaba and Duramie are among the beneficiary cities, according to Ethio Telecom. In the…
Ethiopian Airlines has announced Thursday that it has signed an interline agreement with Airlink (4Z), an airline based in Johannesburg, South Africa. Ethiopian has entered into an interline agreement with Airlink to allow passengers to enjoy seamless travel with a single ticket and lower fare tickets between points within the carriers’ synergized networks, says Ethiopian…
