By RICHARD LOUGH Reuters ADDIS ABABA- Ethiopia has pushed the door ajar for foreign retailers keen to enter the fast-growing market of 90 million people, welcoming them as managers but keeping the state in control. It is a tantalizing, if limited, offer for firms such as Walmart of the United States and Kenya’s Nakumatt supermarket,
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By RICHARD LOUGH Reuters ADDIS ABABA- Ethiopia has pushed the door ajar for foreign retailers keen to enter the fast-growing market of 90 million people, welcoming them as managers but keeping the state in control. It is a tantalizing, if limited, offer for firms such as Walmart of the United States and Kenya’s Nakumatt supermarket,
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Reuters Visa Inc., which is piloting Ethiopia’s first international debit card, is seeking to persuade the government to ease tight restrictions on banks in an effort to boost the use of electronic payments. Ethiopia has one of Africa’s fastest-growing economies but few people in the Horn of Africa nation of 90 million have bank accounts
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Ethiopian Airlines Press Release Ethiopian Airlines on Saturday resumed its flight to the Nigeria’s commercial city of Kano 10 years after it suspended fights to the city because of bad weather. The resumed flight had touched down at the Kano International Airport to a warm reception from Kano businessmen and politicians led by the state’s
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Ethiopian Airlines Press Release Ethiopian Airlines, the fastest growing and most profitable airline in Africa, is pleased to announce that Ethiopian Aviation Academy has been voted the 2014 ”Airline Training Services Provider of the Year” by the African Airlines Association (AFRAA). The Award was presented to Ethiopian Aviation Academy Managing Director, Mr. Samuel Assefa, during
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Business Daily The Ethiopian government is collaborating with a Chinese company, Zhejiang Jinda Flax Llc, to establish a textile industrial zone in Addis Ababa. The Ethiopian Ministry of Industry and the Chinese textile company had signed a Memorandum of Understanding (MoU) for the industrial zone, designated for textile factories in the Bole District in Addis
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Ethiopian Airlines Press Release Will Take Delivery of 3 more B787s in 2014 Ethiopian Airlines, the fastest growing and most profitable African airline, is pleased to announce that it took delivery of its 7th Boeing 787 Dreamliner on 20 May 2014. Ethiopian was the first in the world outside Japan to receive B787 in August 2012.
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The African Report Manufacturing: Ethiopia receives World Bank loan to create jobs Ethiopia on Tuesday received a $250 million dollar loan from the World Bank to finance the implementation of a competitiveness and job creation project in the country. The agreement intends to support Ethiopia’s efforts of creating new jobs and increase competitiveness in the
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Globes online Idan Ofer told allAfrica: We want to turn Ethiopia into Africa’s potash hub. Israel Corporation (TASE: ILCO) controlling shareholder Idan Ofer has promised to make Ethiopia “Africa’s center of potash production,” and invest in the country’s electricity infrastructure, reports allAfrica. Israel Chemicals, controlled by Israel Corp. recently bought a 30% stake in Canada’s
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The Economist | LUSAKA BUYING ‘Fair Trade’ coffee is not really helping the very poor, new research suggests. By comparing living standards in Fair Trade-certified producing areas in Ethiopia and Uganda with similar non-Fair Trade regions, four development economists from the School of Oriental and African Studies (SOAS) in London found that Fair Trade agricultural
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