Hosea Real Estate PLC announced Tuesday that it will transfer over 310 homes to homebuyers on Saturday, November 19, 2022. The luxury villas including apartments constructed at Ayat 49 area, located at the recently established Lemi-Kura Sub City. The new site dubbed “Yerer Homes Village” is named after the famous mountain. “Construction of the homes…
By Kaleyesus Bekele Considering the critical sugar shortage in the local market, Coca Cola Beverages Africa-Ethiopia is contemplating to buy one of the state owned sugar factories which the Ethiopian government floated for sale. Soft drink makers use sugar as the main industrial input to produce soft drinks. Though the Ethiopian government has built ten…
Ethiopia and Japan, nations with ancient history and civilization, have long relations dating back to 1930 where the two countries signed a Treaty of Amity and Commerce. This was followed by a visit of Ethiopian Foreign Minister Heruy WeldeSillassie in 1931 to Japan to create economic cooperation. When it comes to their investment relations, Japanese…
Executives of local banks and scholars have debated over the entry of foreign banks to Ethiopia at the business panel discussion focusing on “Opening of the Domestic Banking Sector to Foreign Banks: Opportunities and Challenges”, organized by Addis Abeba Chamber of Commerce and Sectorial Associations (AACCSA). The panel discussion held on Friday at Hilton Hotel….
By Yared Nigussie President William Ruto (PhD) announced Thursday that Safaricom Ethiopia has a plan to roll out 8,000 masts across Ethiopia thereby creating millions of direct jobs through the roll out of services. The launch of Safaricom Ethiopia is a record breaking event, he says. “It has attracted investments that will over the next…
Huda Real Estate, a subsidiary company of MIDROC Investment Group, has unveiled a 50 billion Birr real estate development project in Addis Abeba in Mechare Meda near Sar Bet. The massive real estate development project includes the construction of Queens Supermarket, apartments, shopping mall, hotel, villas, and pedestrian ways, among others. The village dubbed “Mohammedia…
Participants of the Afri tech expo have expressed commitment to scale up the use of agri tech. The first edition of ATX 2022 has opened on Wednesday at Ethiopian Skylight Hotel. The expo is co-organized by Jorka Events Organizer in partnership with African Technology Expo. The expo is expected to improve…
Organizer of the continental “Africa for Africans Event” which is slated to take place on October 21 to 23 said Tuesday that the event will create opportunities to stimulate talks on the African Continental Free Trade Area (AfCFTA). The event will be held at Friendship Park and Meskel Square. Daniel Tiruneh, Organizer of the event…
Ethiopia is a paradise for a tourist who loves history or dramatic landscapes: it has some of the best of both in the world. The nurturing Rift Valley is one of the cradles from which early humans spread from Africa into the rest of the world. Oromia region also have so many tourist attraction sites….
A five-star hotel, which was constructed by Haile Resorts and Hotels Group, around Lamberet area in Addis Abeba, is going to be inaugurated soon. The new hotel is the 8th branch for Haile Resorts and Hotels Group and it’s named “Haile Grand Hotel”. Haile Resorts and Hotels is owned by Haile Gebresilassie; an Olympic legend…
