Category: Ethiopian business

Ethiopia’s herbal high struggles after foreign ban

AFP By Jenny Vaughan  Awaday (Ethiopia) (AFP) – For a town seen as a key trading centre for khat, a drug that is banned in many countries, Ethiopia’s Awaday can seem pretty drowsy and laid-back. As the sun sets on the small eastern town, farmers and brokers of the amphetamine shrub rouse from an afternoon slumber

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In conversation: Eleni Gabre-Madhin

African Business By JAMES JEFFREY With her new company, Eleni Gabre-Madhin aims to take the commodity exchange momentum that started with the Ethiopian Commodity Exchange, to the rest of Africa. Report by James Jeffrey in Addis Ababa. The offices of commodity exchange company, eleni, occupy the top two floors of Tracon Tower, where one can gaze north and south

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Ethiopia Becomes China’s China in Global Search for Cheap Labor

Bloomberg Ethiopian workers strolling through the parking lot of Huajian Shoes’ factory outside Addis Ababa last month chose the wrong day to leave their shirts untucked. Company President Zhang Huarong, just arrived on a visit from China, spotted them through the window, sprang up and ran outside. The former People’s Liberation Army soldier harangued them

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Gazprombank’s GPB Global Signs Oil-Exploration Deal in Ethiopia

Bloomberg By William Davison GPB Global Resources, a unit of Russia’s state-owned Gazprombank Group, may invest about $60 million searching for petroleum in northeastern Ethiopia, Executive Director for Corporate Communications Sergey Tagashov said. The company last week announced it won approval from the government for a production-sharing agreement that covers seven years for exploration and 25 years

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Heineken to Open New Brewery in Ethiopia

WSJ Africa One of World’s Fastest-Growing Beer Markets AMSTERDAM— Heineken HEINY -0.39% NV will next month open a new brewery in Addis Ababa, Ethiopia, in what is the Dutch brewer’s latest push to expand in Africa, one of the world’s fastest-growing beer markets. The brewery in Kilinto, on the outskirts of Addis Ababa, will be Heineken’s third plant in

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Ethiopia’s tech landscape: unique challenges, massive potential

Venture burn By Erik Hersman Kenya- Having recently visited Addis Ababa, I thought I might write down some of my impressions. The last time I was here was over 20 years ago, as I would fly between Khartoum and Nairobi for boarding school. Needless to say, much has changed, except for the warm hospitality of

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Face2Face Africa to Honor Bethlehem Tilahun Alemu at NYC Ceremony

By Tadias Magazine (Image: Courtesy Face2faceafrica) New York (TADIAS) — Ethiopian entrepreneur Bethlehem Tilahun Alemu, Founder and CEO of the award-winning, Addis Ababa-based shoe company SoleRebels, will be honored in New York next month as one of the recipients of the 2014 Outstanding Achievement in Entrepreneurship Award given by the pan-African media company Face2face Africa.

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Face2Face Africa to Honor Bethlehem Tilahun Alemu at NYC Ceremony

By Tadias Magazine (Image: Courtesy Face2faceafrica) New York (TADIAS) — Ethiopian entrepreneur Bethlehem Tilahun Alemu, Founder and CEO of the award-winning, Addis Ababa-based shoe company SoleRebels, will be honored in New York next month as one of the recipients of the 2014 Outstanding Achievement in Entrepreneurship Award given by the pan-African media company Face2face Africa.

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Ethiopian Airlines to decide on $3 bln plane order by June end

Reuters Ethiopian Airlines will decide in June on whether to place an order for 30 narrow-body Airbus or Boeing jets as part of fleet its expansion plans, the company’s chief executive said on Sunday. “We will make a decision by the end of June,” Tewolde Gebremariam told Reuters on the sidelines of the annual meeting

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