DigEthiopia - Stories tagged with business

Traders offer up to 3mln birr for EXC membership

published 868 days, 19 hours, 43 minutes ago posted by adminadmin 868 days, 20 hours, 8 minutes ago
Monday, January 04, 2010 3:38:34 AM GMT Monday, January 04, 2010 3:13:47 AM GMT
Major players in the trade and agriculture industry offered up to three million birr for a full membership fee at the Ethiopian Commodity Exchange, it was learnt. The larg... (more)

ASKY to take to the wing

published 868 days, 19 hours, 43 minutes ago posted by adminadmin 868 days, 20 hours, 14 minutes ago
Monday, January 04, 2010 3:38:34 AM GMT Monday, January 04, 2010 3:07:55 AM GMT
The new pan African airline, ASKy Airline, is set to start operation on January 15. The multinational private airline was established by West African investors. The airline is based in Lome, Togo. The Ethiopian Airlines... (more)

Abay Bank Awaits Nod from NBE over Directors, President Appts

published 877 days, 17 hours, 20 minutes ago posted by adminadmin 877 days, 17 hours, 34 minutes ago
Saturday, December 26, 2009 6:01:28 AM GMT Saturday, December 26, 2009 5:47:22 AM GMT
The newly established private commercial bank, Abay Bank, is awaiting a nod from regulators at the central bank for endorsement of its board of directors and president. (more)

የመኪና ቀበቶ ዋጋ ጣራ ነካ

published 883 days, 46 minutes ago posted by adminadmin 883 days, 59 minutes ago
Sunday, December 20, 2009 10:35:28 PM GMT Sunday, December 20, 2009 10:22:08 PM GMT
በአዲስ አበባ ከተማ የሚንቀሳቀስ ማንኛውም አሽከርካሪ የመኪና ቀበቶ መጠቀም እንዳለበት የሚደነግገው አዲሱ የትራፊክ ደንብ መውጣቱን ተከትሎ የመኪና ቀበቶ ዋጋ በከፍተኛ ደረጃ ጨመረ፡፡ ቀደም ሲል ከ100 እስከ 200 ይሸጥ የነበረው የመኪና ቀበቶ 1500 ገብቷል፡፡ (more)

"በአክስዮን ማህበራት ለሚፈጸም ጥፋት ሁሉም ባለድርሻ አካላት ተጠያቂ ይሆናሉ"አቶ ግርማ ብሩ

published 883 days, 46 minutes ago posted by adminadmin 883 days, 1 hour, 5 minutes ago
Sunday, December 20, 2009 10:35:28 PM GMT Sunday, December 20, 2009 10:16:50 PM GMT
በኢትዮጵያ እየተቋቋሙ ባሉት እና በተቋቋሙት አክስዮን ማህበራት ውስጥ ጥፋት ተፈጽሞ አደጋ ቢደርስ በአክስዮን ሽያጭ ሂደት ላይ የተሳተፉ ሁሉም ባለድርሻ አካለት ተጠያቂ ይሆናሉ፡፡ አክስዮን የገዙ ሰዎች የሕግ ጥበቃ አላቸው፡፡ (more)

Alfano Fiori starts operation in Bahir Dar

published 901 days, 17 hours, 55 minutes ago posted by adminadmin 901 days, 18 hours, 2 minutes ago
Wednesday, December 02, 2009 5:26:18 AM GMT Wednesday, December 02, 2009 5:19:54 AM GMT
Bahir Dar, Ethiopia (November 30, 2009) – Giovanni Alfano Farm, a flower and vegetable-growing farm started operations on Monday, November 23, 2009, in Bahir Dar, by starting the construction of greenhouses and beginning work on its open-air cultivation. Giovanni Alfano, a private investor in Sicily, Italy owns Alfano Fiori Farm where it produces cut-flowers and vegetables [...] (more)

Ethiopia signs $349 million loan agreement with China for Addis Ababa-Adama Express Highway Construction

published 924 days, 20 hours, 14 minutes ago posted by adminadmin 924 days, 20 hours, 14 minutes ago
Monday, November 09, 2009 3:07:29 AM GMT Monday, November 09, 2009 3:07:14 AM GMT
Ethiopia and China here on Sunday signed loan agreement amounting to 349 million USD for construction of the the 79-km Addis Ababa-Adama express highway. (more)

TEDDY AIR TO RECEIVE ITS FIRST BRAND NEW CESSNA GRAND CARAVAN PLANE

published 925 days, 21 hours, 53 minutes ago posted by adminadmin 925 days, 22 hours, 2 minutes ago
Sunday, November 08, 2009 1:29:02 AM GMT Sunday, November 08, 2009 1:19:28 AM GMT
Tewodros Shiferaw, Managing Director of Teddy Air, a private Ethiopian air operator, told the Ethiopian Reporter that it will receive the first of its four brand new 2009 model Cessna Grand Caravan planes today. (more)

7,000 tourists visited rock-hewn churches of Lalibela over the past 4 months

published 925 days, 21 hours, 53 minutes ago posted by adminadmin 925 days, 22 hours, 6 minutes ago
Sunday, November 08, 2009 1:29:02 AM GMT Sunday, November 08, 2009 1:15:56 AM GMT
The Lalibela Town Administration Culture and Tourism Department said 7,000 tourists visited the rock-hewn churches of Lalibela and its environs over the past four month. (more)

DBE grants $79 million debt relief to Ethiopian Flower Producers & Exporters

published 925 days, 21 hours, 53 minutes ago posted by adminadmin 925 days, 22 hours, 8 minutes ago
Sunday, November 08, 2009 1:29:02 AM GMT Sunday, November 08, 2009 1:13:47 AM GMT
It appears to be more than good news for flower producers and exporters, who have been enjoying the special support of the government, to secure a close to one billion birr ($79,137,688) debt relief for up to three years from the Development Bank of Ethiopia (DBE). (more)

Income from two new Ethiopian gold discoveries could total $1.7bn/y

published 938 days, 21 hours, 10 minutes ago posted by adminadmin 938 days, 21 hours, 19 minutes ago
Monday, October 26, 2009 2:11:14 AM GMT Monday, October 26, 2009 2:02:26 AM GMT
Two mining companies have discovered gold deposits in Ethiopia that could yield up to 41 tonnes, a top government mining official said on Friday. Gebre Egziabher Mekonen, head of the Mineral Operation Department in the Ministry of Mines and Energy, told Reuters the Golden Prospecting Mining Co., a British firm, had found a deposit of about 23 tonnes in western Ethiopia. (more)

New mines of gold discovered in Ethiopia

published 938 days, 21 hours, 10 minutes ago posted by adminadmin 938 days, 21 hours, 22 minutes ago
Monday, October 26, 2009 2:11:14 AM GMT Monday, October 26, 2009 1:59:22 AM GMT
Ethiopia announced on Friday that new mines of gold have been discovered by British and Saudi companies saying it could yield some 41 tonnes. Ethiopia says untapped gold reserve could reach 500 tonnes in different parts of the country. Mining regulations give foreign investors incentives such as duty free imports of equipment and repatriation of profits in 1993. (more)

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

published 939 days, 16 hours, 20 minutes ago posted by adminadmin 939 days, 16 hours, 20 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)

AfricaNews - Mobile phone shopping for Ethiopia soon

published 948 days, 17 hours, 42 minutes ago posted by adminadmin 948 days, 17 hours, 49 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)

Ethiopian Investors Investing in Ethiopia

published 950 days, 16 hours, 33 minutes ago posted by adminadmin 950 days, 16 hours, 34 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 950 days, 17 hours, 32 minutes ago posted by adminadmin 950 days, 17 hours, 34 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)

UAE investors in talks to buy Ethiopia’s Ghion Hotel

published 956 days, 21 hours, 27 minutes ago posted by adminadmin 956 days, 21 hours, 53 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)
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