By Jacey Fortin in Addis Ababa Low costs attract investors, but there are many obstacles to the country’s industrialisation. The Ethiopian government is pouring resources into industrialisation in an effort to break into global markets. In the near future, everybody will produce the right products to fit the international market But, in a country
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BBC Would you like to taste the health-giving grain found in the tomb of King Tutankhamun? Or feast on the unprocessed kernels said to have been stored on the ark by Noah? Or how about a vodka made from traditionally farmed Bolivian quinoa? If any of this whets your appetite, you are not alone. In
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The National Bank of Ethiopia (NBE) is on the process of establishing its own banknotes and security printing factory to print cash locally. The Bank announced a tender two weeks ago to hire an international consultancy firm to conduct a feasibility study for the printing plant on the state owned daily newspaper, The Ethiopian Herald.
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Violent labour dispute at Chinese-run factory kills four as workers demand better wages. China’s embassy in Madagascar has said it was “very shocked” by a violent labour dispute at a Chinese-run sugar factory in the west of the island that resulted in four deaths this week. A spokesman at the embassy told the AFP news
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BY AMY MAXMEN , NewsWeek A woman stands in front of a plantation of Enset, a plant that collects water and is essential during the dry season. IVA ZIMOVA/PANOS Dibaabish Jaboo kneads the pale, vegetative flesh of the enset plant, like her mother did, like her granddaughters do. When she’s finished, she bundles the plant’s thick, decomposing
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Press Release- During a ceremony held in Los Angeles, California, Ethiopian Airlines is awarded as the “Best Airline to Africa” by the US magazine, Premier Traveler. Commenting on the development Ethiopian Airlines Group CEO, Tewolde Gebremariam, said: “We are honored that Premier Traveler Magazine’s readers in the U.S. have selected us as the best airline
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A public bank branch to open in EthiopiaISTANBUL — In accordance with Turkey’s African Expansion Strategy, a Djibouti and Ethiopian Trade and Engineering Committee was established under Economy Minister Nihat Zeybekci. Speaking at the Ethiopia-Turkey Business Forum, Zeybekci announced that the expansion strategy will be maintained and cooperation with Djibouti and Ethiopia, which are the
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ADDIS ABABA, (Reuters) – Swedish telecom group Ericsson is set to sign a contract with Ethiopia to expand telecom infrastructure, taking a slice of an $800 million contract from Chinese firm ZTE Corp because of a row over terms, a senior official told Reuters on Thursday. ZTE Corp’s deal with state-run operator Ethio Telecom was
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We are pleased to present our Top 30 Coffees of 2014, Coffee Review’s second annual ranking of the most noteworthy coffees we reviewed over the past year. We selected and ranked these exceptional coffees and espressos based on quality (represented by overall rating), value (reflected by most affordable price per pound), and consideration of other
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By Daniel Teferra (PhD)* Ethiopia has been borrowing billions of dollars for infrastructure projects. What is the cost of all this spending? The cost is measured in terms of the alternative projects that could have been undertaken with the borrowed money. Eliminating the threat of famine in Ethiopia tops the list of these foregone opportunities.
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