DigEthiopia - Latest published stories in Business

Government-controlled ECX brings in face-saving "farmer"

published 937 days, 7 hours, 4 minutes ago posted by adminadmin 937 days, 7 hours, 5 minutes ago
Sunday, October 25, 2009 7:02:02 AM GMT Sunday, October 25, 2009 7:01:49 AM GMT
The government-controlled Ethiopia Commodity Exchange (ECX) has for the first time added a representative from a farmers' cooperative to its board of directors. (more)

CEO Girma Wake says Ethiopian Airlines is soaring to new heights

published 944 days, 11 hours, 13 minutes ago posted by adminadmin 944 days, 11 hours, 20 minutes ago
Sunday, October 18, 2009 2:53:42 AM GMT Sunday, October 18, 2009 2:46:25 AM GMT
Addis Ababa (October 17, 2009) – Ethiopian Airlines is among the best airlines in Africa. The national flag carrier surprised everyone in the African aviation industry when in July 2009; it signed $4.3 billion agreements to purchase five B777s and 12 A350 XWBs from Boeing and Airbus respectively.  Earlier this year, Ethiopian placed another order for [...] (more)

AfricaNews - Mobile phone shopping for Ethiopia soon

published 946 days, 8 hours, 27 minutes ago posted by adminadmin 946 days, 8 hours, 34 minutes ago
Friday, October 16, 2009 5:39:07 AM GMT Friday, October 16, 2009 5:32:11 AM GMT
The first integrated call center in Ethiopia with 2100 employees and a multi-functional electronic payment system that primary uses mobile phones and Point of Sale (POS) terminals is said to be introduced next month. (more)

Total Telecom - BSNL eyes Ethiopian Telecom

published 946 days, 8 hours, 27 minutes ago posted by adminadmin 946 days, 8 hours, 28 minutes ago
Friday, October 16, 2009 5:39:07 AM GMT Friday, October 16, 2009 5:38:40 AM GMT
Bharat Sanchar Nigam Ltd. has expressed an interest in running Ethiopian Telecommunications' networks and operations on a revenue-sharing basis after the Ethiopian government invited requests for interest, the Economic Times reported on its Web site Thursday, citing unnamed sources close to the development. (more)

Ethiopian scientist wins World Food Prize

published 946 days, 10 hours, 30 minutes ago posted by adminadmin 946 days, 10 hours, 58 minutes ago
Friday, October 16, 2009 3:36:42 AM GMT Friday, October 16, 2009 3:08:05 AM GMT
An Ethiopian agronomist who developed a drought- and weed-resistant form of sorghum, one of the world's principals grains, is the winner of this year's $250,000 World Food Prize. (more)

Ethiopian Investors Investing in Ethiopia

published 948 days, 7 hours, 18 minutes ago posted by adminadmin 948 days, 7 hours, 19 minutes ago
Wednesday, October 14, 2009 6:48:12 AM GMT Wednesday, October 14, 2009 6:47:56 AM GMT
Investors Investing in Ethiopia. Watch video (more)

Ethiopian Commodity Exchange is big business

published 948 days, 8 hours, 17 minutes ago posted by adminadmin 948 days, 8 hours, 19 minutes ago
Wednesday, October 14, 2009 5:49:19 AM GMT Wednesday, October 14, 2009 5:47:14 AM GMT
Can commodity markets succeed in Africa? The success of the Ethiopia Commodity Exchange (ECX) answers that question with a resounding “yes.” Eleni Gabre-Madhin, the founder and CEO of the ECX, told the Seventh Biennial U.S.-Africa Business Summit that the commodity exchange trades more than $300 million in coffee annually, along with four other key commodities; improves agriculture, trade and food security; and returns value to Ethiopian farmers. (more)

Eleni Gabre-Medhin says commodity markets can succeed in Africa

published 953 days, 8 hours, 44 minutes ago posted by adminadmin 953 days, 9 hours, 28 minutes ago
Friday, October 09, 2009 5:22:32 AM GMT Friday, October 09, 2009 4:38:07 AM GMT
Eleni Gabre-Madhin, the founder and CEO of the ECX, told the Seventh Biennial U.S.-Africa Business Summit that the commodity exchange trades more than $300 million in coffee annually, along with four other key commodities; improves agriculture, trade and food security; and returns value to Ethiopian farmers. Washington D.C.  (October 8, 2009) – Can commodity markets succeed [...] (more)

UAE investors in talks to buy Ethiopia’s Ghion Hotel

published 954 days, 12 hours, 12 minutes ago posted by adminadmin 954 days, 12 hours, 38 minutes ago
Thursday, October 08, 2009 1:54:16 AM GMT Thursday, October 08, 2009 1:28:10 AM GMT
By Muluken Yewondwossen ADDIS ABABA (Capital) — The negotiations taking place between two foreign investors who had approached the Privatization and Public Enterprise Supervision Agency (PPESA) for the joint management of the largest hotel, Ghion, did not get the expected outcome. The agency board has been negotiating with the two parties from the United Arab Emirates and [...] (more)

Zemen Bank appoints Brutawit D. Abdi as new CEO

published 954 days, 12 hours, 12 minutes ago posted by adminadmin 954 days, 12 hours, 34 minutes ago
Thursday, October 08, 2009 1:54:16 AM GMT Thursday, October 08, 2009 1:32:15 AM GMT
By Mamo Gebrehiwot (mamo@goodnewsethiopia.com) – Addis Ababa (October 5, 2009) – Zemen Bank has announced that Brutawit Dawit Abdi, a founding member of Bank of Abyssinia (BoA) and former President of Wegagen Bank, has been appointed as CEO/ President. Her presidency, which was approved by the National Bank of Ethiopia (NBE) on September 24, 2009, will [...] (more)

Police in Amhara Region Crack Down on Alleged Copyright Piracy

published 954 days, 12 hours, 12 minutes ago posted by adminadmin 954 days, 12 hours, 31 minutes ago
Thursday, October 08, 2009 1:54:16 AM GMT Thursday, October 08, 2009 1:35:14 AM GMT
The regional law enforcement commission has arrested four suspects from Gonder town, 658Km Northwest of Addis last week. It has seized one million copies of record labels as well as VCDs, CDs, and audio tapes, all stuffed in 30 carton boxes, police officers in charge of the investigation disclosed to Fortune. (more)

China inks Ethiopian MPP orders

published 955 days, 8 hours, 59 minutes ago posted by adminadmin 955 days, 9 hours, 25 minutes ago
Wednesday, October 07, 2009 5:07:14 AM GMT Wednesday, October 07, 2009 4:41:47 AM GMT
Ethiopian Shipping Lines (ESL) is placing a newbuilding order at China's Taizhou Kouan Shipbuilding. Sources say the national shipping company has inked a letter of intent for a series of multipurpose (MPP) vessels at the shipyard. (more)

SmallCapNews | Nyota Minerals uncovers more gold targets in Ethiopia

published 955 days, 19 hours, 20 minutes ago posted by adminadmin 955 days, 19 hours, 25 minutes ago
Tuesday, October 06, 2009 6:46:28 PM GMT Tuesday, October 06, 2009 6:41:10 PM GMT
Shares in Nyota Minerals rose by 12% today after the mining group said it had uncovered a string of new targets near to its already promising Tulu Kapi project in Ethiopia. (more)

Oromo Coffee Company

published 955 days, 19 hours, 20 minutes ago posted by adminadmin 955 days, 19 hours, 24 minutes ago
Tuesday, October 06, 2009 6:46:28 PM GMT Tuesday, October 06, 2009 6:42:36 PM GMT
The Oromo Coffee Company is a Fairtrade Foundation-certified social enterprise, set up by refugees in the UK to sell high-quality coffee imported from their Ethiopian homeland. (more)

Ethiopian Airlines to Sponsor 2009 Great Ethiopian Run

published 955 days, 19 hours, 20 minutes ago posted by adminadmin 960 days, 10 hours, 20 minutes ago
Tuesday, October 06, 2009 6:46:28 PM GMT Friday, October 02, 2009 3:46:45 AM GMT
Addis Ababa (September 29, 2009) – Ethiopian Airlines proudly announces that it has become the Title Sponsor of the 2009 Ethiopian Great Run, the biggest road race in Africa. The 2009 Great Ethiopian Airlines Run, the 9th edition of the race, will take place in Addis Ababa on November 22, 2009. “Ethiopian is delighted to be [...] (more)

IFC Backs implementation of WHR Financing

published 955 days, 19 hours, 20 minutes ago posted by adminadmin 962 days, 21 hours, 19 minutes ago
Tuesday, October 06, 2009 6:46:28 PM GMT Tuesday, September 29, 2009 4:47:28 PM GMT
The private sector financing arm of the World Bank, IFC, is going to finance banks that are going to be involved in the Warehouse Receipt (WHR) financing scheme that the Ethiopian Commodity Exchange (ECX) is designing to implement in 2009/10 fiscal year. (more)

Ethiopia heading for coffee monopoly

published 959 days, 8 hours, 3 minutes ago posted by adminadmin 963 days, 8 hours, 15 minutes ago
Saturday, October 03, 2009 6:03:56 AM GMT Tuesday, September 29, 2009 5:51:34 AM GMT
Eleni - Losing her credibility very fast The Ethiopian Commodity Exchange (ECX) has in the past been accused by private coffee traders of being a catalyst for the government's morbid desire to bring the lucrative coffee sector under its control. The government is taking its coffee trading sectors even to remote areas.Now a government official warns that anyone acting out of the coffee... (more)

Top Ethiopian Singer Kemer Yususf forms Oromia Airways

published 960 days, 10 hours, 14 minutes ago posted by adminadmin 960 days, 10 hours, 18 minutes ago
Friday, October 02, 2009 3:52:14 AM GMT Friday, October 02, 2009 3:48:03 AM GMT
By Andualem Sisay- Addis Ababa (September 28, 2009) – Kemer yusuf, known as among the best Ethiopian singer of Oromo music, steps into the growing local flight business of Ethiopia by forming Oromia Airways jointly with two Ethiopians business men. Dinku Deyasa, Engineer Elias Ebsa and the Toronto-based musician, have now established DEK Oromia Plc with an [...] (more)

Eyesuswork Zafu wins Ethiopian Chamber of Commerce Presidency

published 962 days, 8 hours, 22 minutes ago posted by adminadmin 965 days, 6 hours, 52 minutes ago
Wednesday, September 30, 2009 5:44:32 AM GMT Sunday, September 27, 2009 7:14:39 AM GMT
By Melaku Demissie - After a fierce competition and lengthy stay last Thursday, which ended up at mid-night, Eyesuswork Zafu has won the election for the presidency of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA).    The 71-year-old Eyesuswork was elected as president of the national chamber at the conclusion of the 2nd general assembly of [...] (more)

Chamber Members Vote in Their Officials

published 962 days, 8 hours, 22 minutes ago posted by adminadmin 962 days, 19 hours, 6 minutes ago
Wednesday, September 30, 2009 5:44:32 AM GMT Tuesday, September 29, 2009 7:00:47 PM GMT
The Ethiopian Chamber of Commerce and Sectorial Association (ECCSA) elected its president, vice president and board members during its second general assembly on September 24, 2009, at Awash Hall of the Ghion Hotel, putting Eyessuswork Zafu at the top in addition to his presidency of the Addis Abeba Chamber of Commerce and Sectorial Association (AACCSA). (more)