Why are cars so expensive in Ethiopia?

Why are cars so expensive in Ethiopia?

By Emmanuel Igunza BBC Africa, Addis Ababa January 16,2017 Owning a car for many Ethiopians – even those with ready cash to spend in one of the world’s fastest-growing economies – remains a pipe dream. “I have been saving for nearly four years now, and I still can’t afford to buy even the cheapest vehicle […]

Business : Development Bank of Ethiopia selling textile factory in foreclosure

Business : Development Bank of Ethiopia selling textile factory in foreclosure

Business News January 10,2017 Development Bank of Ethiopia is selling Elsie Addis Textile factory in what is said to be a bid to recover over 900 million Ethiopian birr (the equivalent of about 40 million US dollars with the current rate of exchange) of loan issued to ownwers. Fana Broadcasting cited Hailu Misganaw,acting corporate information […]

Business : Legadadi, in Oromia region of Ethiopia, to have biggest resort

Business : Legadadi, in Oromia region of Ethiopia, to have biggest resort

Business News/borkena January 2, 2017 Legadadi, a small town 23 kilometers outside of Addis Ababa, is to have biggest resort in four years time, according to a report by Capital. Seemingly, the project is a joint venture by local real estate developer from Ethiopia, who is throwing $150 million US towards the project, and Dusit […]

Business: Internet shutdowns take their toll on economy

Business: Internet shutdowns take their toll on economy

African Business James Jeffrey December 29,2016 Since the government declared a six-month state of emergency at the beginning of October in response to escalating violence from protests seething since November 2015, internet restrictions and blocking of applications have increased in frequency. Beyond simple inconvenience, there is a mounting financial cost. Internet shutdowns in Ethiopia between […]

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