Category Archives: Ethiopia News

Ethiopia News

Top 7 business destinations in Africa

Africa’s leading online hotel booking platform reveals top 7 business destinations It’s pretty hard to miss the buzz that has been on about the African economy, with large markets and a huge consumer market-base, Africa has become one of major hub of business in the world. The African continent is deemed the world’s fastest growing […]

The 5th African Private Sector Forum gets underway under the theme “The Role of Private Sector in Promoting Investment and Agro-Industry in Africa”

ADDIS ABABA, Ethiopia, November 6, 2012/African Press Organization (APO)/ – The 3 day 5th African Private Sector Forum was launched today in Abidjan, Cote d’Ivoire with strategic aims to promote investment and trade through partnerships and joint ventures between the African Union Commission’s (AUC) Member States, the Middle East and the world at large in […]

Kagame opens African Economic Conference, calls for models that respond to local needs

  ADDIS ABABA, Ethiopia, October 31, 2012/African Press Organization (APO)/ – Rwandese leader, President Paul Kagame today in Kigali opened the 7th African Economic Conference, calling it an opportunity for leading African economists to look beyond purely economic factors for solutions to Africa’s developmental problems. Convened by the Economic Commission for Africa, (ECA), the African […]

Dr.Hauschka Establishes NEW Fair Trade Initiative in Ethiopia

  Sourcing Organic Damask Rose Essential Oil NEW YORK, Oct. 23, 2012 /PRNewswire/ — Dr.Hauschka Skin Care is proud to announce their support of the Terra PLC Damask Rose Farm, a new fair trade initiative in Ethiopia. Dr.Hauschka Skin Care manufacturer WALA Heilmittel is helping to create a self-reliant and economically sustainable community by establishing […]

Boeing, Ethiopian Airlines and Seattle Anesthesia Outreach Join Together for first 787 Dreamliner Humanitarian Flight

  – 20,000 pounds of humanitarian aid loaded on Ethiopian Airlines’ third Dreamliner EVERETT, Wash., Oct. 23, 2012 /PRNewswire/ — Boeing (NYSE: BA) joined with Ethiopian Airlines and Seattle Anesthesia Outreach (SAO) to deliver approximately 20,000 pounds (9,000 kilograms) of medical supplies to Ethiopia‘s largest hospital. The delivery was made to Black Lion Hospital using […]

Makers of Plumpy’nut® to Invest $5.8 Million in African Companies to Fight Severe Acute Malnutrition Through Local Suppliers

French food manufacturer to significantly increase its total investment since 2005 to support sustainable food production systems MALAUNAY, France, Oct. 17, 2012 /PRNewswire-USNewswire/ — Nutriset, the inventor and manufacturer of Plumpy’nut® – the highly fortified peanut-based paste that revolutionized the treatment of severe acute malnutrition (SAM) – today announced the company will contribute an additional $5.8 […]

Polaris to Implement Intellect Quantum Core Banking Solution in National Bank of Ethiopia

  ADDIS ABABA, Ethiopia and CHENNAI, India, October 8, 2012/PRNewswire-FirstCall via African Press Organization (APO)/ — Ethiopian Central Bank chooses Polaris’ Intellect Quantum CBS specifically designed for Central banks Polaris Financial Technology Ltd (POLS.BO), a leading global Financial Technology Company, today announced that National Bank of Ethiopia, an important Central Bank in the African continent, […]

Africa to gear up for more meaningful engagement with China

  The partnership with China should aim to boost Africa’s overall capacity, competitiveness and trade in a way that supports African development. African nations must use the Forum on China-Africa Cooperation to complement the continent’s regional institutions and policy agenda. This is according to a report by Standard Bank Group economists Jeremy Stevens and Simon […]

Ethiopian Airlines buys additional plane for US$276 million

By Sanday Chongo Kabange (ABN) HONG KONG – Ethiopian Airlines has ordered an additional 777-200LR aircraft valued at US$276 million from Boeing, bringing the number of similar planes to six. The Addis Abba-headquartered carrier is to add an additional aircraft to its fleet, less than two months after two plane crashes in Ghana and Nigeria […]

World Bank Approves New Power Transmission Line between Ethiopia and Kenya to Boost Electricity and Economic Growth in East Africa

  Washington, July 12, 2012 – The World Bank’s Board of Executive Directors today approved the Eastern Electricity Highway Project, which will connect Ethiopia’s electrical grid with Kenya’s, create power- sharing between the two countries, reduce energy costs, promote sustainable and renewable power generation, better protect the region’s environment, and pave the way for more […]