Star Alliance member Ethiopian Airlines to offer four daily services to Nairobi

Ethiopian Airlines Ethiopian Airlines, the fastest-growing and most profitable African airline, is pleased to announce that it will offer four daily services to Nairobi with the latest B737-800 New Generation with Sky Interior, starting from June 1, 2014. Ethiopian Airlines Group CEO, Mr. Tewolde Gebremariam, said: “We are very pleased to increase our flights to

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Fairtrade products fail to help the poor, study finds

CTV News By Corinne Ton Coffee and tea drinkers spending an extra few dollars on Fairtrade-certified products are not actually benefitting the lives of the poorest workers in rural Ethiopia and Uganda, according to a new report. Researchers at the School of Oriental and African Studies at the University of London spent four years studying

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Ethiopia says may delay joining WTO to protect service industries

Reuters Ethiopia may delay plans to join the World Trade Organisation in 2015 if the country is required to liberalise its tightly regulated telecoms and banking industries sooner than it would like, the trade minister said. Kebede Chane told lawmakers late on Tuesday that member countries had raised dozens of questions with Prime Minister Hailemariam

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U.S. consultancy wins rare foothold in Ethiopia’s retail sector

* A.T. Kearney will run the Alle wholesaler for 2-1/2 years * Ethiopia aims to upgrade its supply, distribution networks * Targets increased competition, costs and inflation cuts By Binyam Tamene ADDIS ABABA, May 27 (Reuters) – A U.S. management consultancy has won a short contract to run Ethiopia’s just-launched state-owned cash-and-carry chain, officials said,

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The Differential Effects of Africa’s “Brain Drain,” The Scramble for “Intellectual” Capital

By Mikael Wossen, PhD  “Your Education today is your Economy tomorrow” Andreas Schleicher (OECD). In Face to Face Africa or (Face2Face), April 2014 issue, there is an uplifting article entitled “African Immigrants Excel Highest in US Academies.” It caught my attention. The article speaks of the high educational attainment and academic success of Africans in

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Ethiopia Wants Walmart and Nakumatt Managers, But Not It’s Stores

By RICHARD LOUGH Reuters ADDIS ABABA- Ethiopia has pushed the door ajar for foreign retailers keen to enter the fast-growing market of 90 million people, welcoming them as managers but keeping the state in control. It is a tantalizing, if limited, offer for firms such as Walmart of the United States and Kenya’s Nakumatt supermarket,

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Ethiopia Wants Walmart and Nakumatt Managers, But Not It’s Stores

By RICHARD LOUGH Reuters ADDIS ABABA- Ethiopia has pushed the door ajar for foreign retailers keen to enter the fast-growing market of 90 million people, welcoming them as managers but keeping the state in control. It is a tantalizing, if limited, offer for firms such as Walmart of the United States and Kenya’s Nakumatt supermarket,

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Visa pushes for more access to barely-tapped Ethiopia

Reuters Visa Inc., which is piloting Ethiopia’s first international debit card, is seeking to persuade the government to ease tight restrictions on banks in an effort to boost the use of electronic payments. Ethiopia has one of Africa’s fastest-growing economies but few people in the Horn of Africa nation of 90 million have bank accounts

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Ethiopia-Sudan trade forum kicks off in Addis Ababa

Ethiopian Investment Agency Director-General Fitsum Arega said more than 700 Sudanese investors have been licensed to operate in various sectors in Ethiopia. World Bulletin/News Desk An Ethiopia-Sudan trade forum kicked off on Sunday in Addis Ababa under the auspices of the Sudanese embassy in Ethiopia and the Ethiopian Ministry of Industry. During the opening ceremony,

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DC Africa Day to be Commemorated with Grants to 8 Organizations

DC Office on African Affairs Press release Mayor Vincent C. Gray (right) at the 2nd Annual DC to Africa Business Symposium. (Lateef Mangum) In honor of Africa Day – the annual May 25th celebration of the formation of the Organization of African Unity (now African Union), Mayor Vincent C. Gray and the Office of African

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