Volkswagen is set to install assembly plant in Ethiopia

Volkswagen is set to install assembly plant in Ethiopia   Volkswagen known internationally as the Volkswagen Group, is a German multinationalautomotive manufacturing company headquartered in Wolfsburg, Germany. Volkswagen was founded in 1937, to manufacture the car which would become known as the Beetle. In the early 1930s, the German auto industry was still largely […]

Ethiopia: Authorities enhance prison management skills

Ethiopia: Authorities enhance prison management skills     ABN #  04 December 2018 Participants attending the training being provided by Paulus, Adama, Oromia Region, 2018. CC   BY-NC-ND / ICRC / Alemayehu Takele “Making good use of available meagre resources could change the quality of life in prison. This was […]

Ethiopia to Build Electric Transmission Lines in 2019

ABN # Ethiopia on Dec 3/2018  announced the construction in 2019 of 500 kilometers and 200 kilo volts of electric transmission lines, to take electricity to the country”s central and south region.   The project will be jointly carried out with Chinese companies Sichuan Electric Power Transmission-Transformation Construction Limited (SPTTC) […]

First China-Africa business forum start in Ethiopia’s capital

  ABN  # The first Africa-China business forum started   here on Monday as Ethiopian and Chinese businesses aspire to create partnership in various sectors. The China-Africa business forum, which is underway in Ethiopia’s capital Addis Ababa from Dec. 3 to 5 with a theme of “China-Ethiopia Industrial Capacity Cooperation Exposition,” […]

Ethiopia and Somalia agree joint development of four seaports

 BY ABN #  Somalia and Ethiopia have announced plans to invest in “four key seaports” and an international highway network as a way of attracting foreign investment. The agreement was reached after a meeting in Mogadishu between President Mohamed Abdullahi Farmaajo of Somalia and Ethiopia’s newly installed prime minister Abiy […]

Ethiopian airlines cargo industry on upswing

  By ABN The first cargo charter operation was destined to Nairobi in 1946. Back then, the route network was extended to Nairobi, Port Sudan and Bombay. Charter flights were also flown to Jaddah. The increase in destination through time and the boom of agricultural products since 1970s has further […]

WHY YOU SHOULD REGISTER YOUR TRADEMARK IN ETHIOPIA

  By: Atkilit Bekele and Lea Mehari MTA Logo With over 100 million population and with one of fastest growing economies, Ethiopia has become a go to place for Foreign Direct Investment (FDI).    When investing in Ethiopia one of the issues to consider is the local registration of your […]

ከ52 ሚሊየን ዶላር በላይ ባንኮች መመንዘራቸውን አስታወቁ

     ABN_ የኢትዮጵያ ንግድ ባንክ ባለፉት 11 ቀናት ከ42 ሚሊየን ዶላር በላይ የውጭ ምንዛሬ ማካሄዱን ገለጸ።   የአዋሽ ባንክም ባለፉት አስራ አራት ቀናት ከ10 ሚሊየን ዶላር በላይ የውጭ ምንዛሬ ማካሄዱን አስታውቋል። ጠቅላይ ሚኒስትር ዶክተር አብይ አህመድ ግለሰቦች የያዙትን የውጭ ሀገር ገንዘብ በባንክ እንዲመነዝሩ መልእክት ካስተላለፉ በኋላ በባንክ እየተካሄዱ ያሉ […]

“I’m 52 years old now. It’s time for me to go’

ABN _ The optimistic buzz in the air at Harar restaurant continued right up until it closed for the night. Michael Daniel, a mechanical engineer, currently working as a taxi driver, was sitting with a large group of Ethiopians young and old, all crowded around one table. They drank and […]

South Sudan oil production to resume in September

ABN – Sudanese President Omar Al Bashir received a letter from his South Sudanese counterpart Salva Kiir on the expected resumption of oil production in September, the Sudan Tribune reported.  The letter was handed over by South Sudanese Oil Minister Ezekiel Lol Gatkuoth who met Bashir over the weekend.  The […]

Speaking of People

             A Referee Heading to Russian World Cup International football match official, Bamlak Tessema has been in charge of several continental and international matches. This year, he successfully officiated the U17 world cup matches in India. He was also in charge of the first leg of African Champion’s league final […]

Ethiopia

East Africa, the fastest-growing region in Africa, received $7.6 billion in FDI in 2017, a 3 per cent decline from 2016. Ethiopia absorbed nearly half of this amount, with $3.6 billion (down 10 per cent), and is now the second largest recipient of FDI in Africa after Egypt, despite its […]

Morocco

  Strong diversified investment into Morocco contrasted with declines in FDI to the rest of North Africa – the only subregion yet to surpass its 2007 peak. FDI flows to North Africa were down 4 per cent to $13 billion. FDI into Morocco was up 23 per cent to $2.7 […]

EIC ፡ Success Wave

Mekonnen Hailu, EIC Public Relations Director   UNCTAD Award It is to be recalled that Ethiopian Investment Commission (EIC) has recently won the ‘United Nations Award’ for its outstanding performance in targeted promotion, facilitation and execution of sustainable investment projects. The Award was presented to the world’s best-practice inward and […]

FDI for Sustainable Development

by staff writer It is undeniable fact that private investment is a powerful development enabler. It creates jobs, build skills, spur innovation, provide essential infrastructure and services, boost economies and strengthen standards in public and corporate governance. Investment, both foreign and domestic, needs to be scaled up significantly in the […]

Corruption be an insurmountable challenge to WILL AFRICA ?

Credit: Gedion G. Jalata The theme of the African Union Summit for January 2018 was “Winning the FightAgainst Corruption.” The African continent has indeed demonstrated robust growth rates as well as economic indicators that continue to record notable progress, over the last decade and half years. Thanks to this progress, […]

Poverty Reduction in China: “Lessons for Africa”

by Gedion G. Jalata Introduction The African continent has demonstrated impressive growth rates over the past two decades. Even though Africa register continuous economic growth, many countries in Africa are unable to sustain high levels of long-term economic growth to reach the 7% threshold required to significantly improve populations’ incomes […]

Ethiopia’s Journey to Privatization: Demise to Developmental State?

Contributed by Gedion G. Jalata, CEO, Center of Excellence International Consult, the viewpoints are his own and not of the consultancy firm     Introduction The Ethiopian government on 5 June 2018 announced to undertake partial and complete privatization of major state owned enterprises. According to the government: Railway Service, […]

Behind the Flight

By Aklile Tsige Everyone heading to Addis Ababa Bole International Airport could see a camel-necked tower taller than the old one to the left. It’s more visible from some hundred or plus meters away just outside from the airport compound. It’s also a little bit far from the ongoing terminal […]

Born in Ethiopia and Middle East’s most notable expert on brand.

  The unconventional on Brand | By KetemaKebede –Senior Editor,Middle East   Born in Ethiopia and Middle East’s most notable expert on brand.    First, I would like to thank you for accepting our invitation to this interview. It is a great honor to know that someone born in Ethiopia and […]

The Africa eCommerce Week

ABN # The Africa eCommerce Week will be jointly organized with the African Union and the European Union. The event will by hosted by the Government of Kenya and implemented in collaboration with partners of the eTrade for all initiative. Under the theme “Empowering African Economies in the Digital Era“, the […]