By Michael CohenWilliam Africa has a hot new investment destination and it’s not Nigeria. The buzz at the World Economic Forum on Africa, an annual summit of the continent’s rich and powerful, is all about Ethiopia, where the economy is flourishing and the government is embracing select foreign capital. Executives from General Electric Co., Dow
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Robel Berhan steers his blue and orange Union Cab with its empty backseat to Hotel Lucia on Southwest Broadway. Nothing. He heads to the Marriott. A line of other cabs blocks his way. He knows a guy at the Nines who sometimes helps him out. It’s nearly 7 pm on a Wednesday, and Berhan needs
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Addis Ababa, Ethiopia Ethiopia is one of Africa’s fastest growing economies with GDP growth of 10.3% in 2014. Coupled with a population of over 90 million, this is prompting many consumer-focused companies to look at Ethiopia with fresh eyes. How we made it in Africa spoke to Addis Alemayehou, managing partner of Ethiopian advertising agency
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By Winnie Byanyima, Executive Director, Oxfam International Africa was cheated out of US$11 billion in 2010 through just one of the tricks used by multinational companies to reduce tax bills, according to new Oxfam report, ‘Africa: Rising for the few,’ released today. This is equivalent to six times the amount needed to plug the healthcare
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The clock is ticking who will be the first to grab first trip to Los Angeles? Ethiopian Airlines will begin 3x weekly Boeing 787-8 flights between Addis Ababa and Los Angeles as of June 2015. The flight will operate westbound on Sundays, Wednesdays, and Fridays, and eastbound on Mondays, Thursdays, and Saturdays.The flight will stop
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India has become the biggest land investor in Ethiopia. There are concerns at the behaviour of Indian firms in the Gambela ecological hotspot. The global food price crises between 2008 and 2009 led countries that bore the brunt of the catastrophe to look elsewhere for agricultural land to mitigate the effects. In 2008 prices of
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Africa’s most impressive economic managers suffer from excessive caution May 30th 2015 | ADDIS ABABA NOWHERE in Africa is modern China more of a lodestar than in Ethiopia, which on May 24th held an uneventful election with a predetermined outcome: another term in office for the long-standing ruling party. The continent’s second most populous country
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Neither a sprint nor a marathon appeared first on 6KILO.com.
AFP By Karim Lebhour For years the Horn of Africa nation Djibouti was seen by foreign powers as a far-flung military outpost overlooking the Gulf of Aden, but now the strategic port wants to capitalise on its key position on one of the world's busiest shipping lanes Djibouti (AFP) – For years the Horn of
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Gayle Smith, President Barack Obama’s nominee to run the U.S. Agency for International Development, boasts a glowing list of credentials after spending two decades in Africa as an aid worker and award-winning journalist. But to critics, she is a sympathizer of repressive regimes in Africa who has done little to improve living conditions for people
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By John Mulligan The chief executive of Aer Lingus has lashed out against Ethiopian Airways, claiming the African airline will be hogging valuable space at Dublin Airport that could be used for other carriers. Ethiopian Airways will launch a service between Addis Ababa and Los Angeles next month. The flight stops off in Dublin en-route,
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