Ethiopian Starts Services to Guinea, Conakry

Ethiopian Starts  Services to Guinea, Conakry

Ethiopian Airlines February 6,2016 Africa’s largest airline group, Ethiopian Airlines has marked the commencement of its new services to Conakry, the capital of The Republic of Guinea, at a reception ceremony held on February 2, at Addis Ababa Bole Airport. The event has been graced by Mme. Sidibe Fatouma KABA, Guinea Ambassador to Ethiopia, Mr. […]

Business : Ethiopian shoe designer hopes for repeat success with coffee

Business : Ethiopian shoe designer hopes for repeat success with coffee

by Bianca Britton CNN Money January 31,2017 Bethlehem Alemu’s shoes have been sold worldwide by Amazon (AMZN, Tech30), Urban Outfitters (URBN) and Whole Foods (WFM). When she started her business the Ethiopian accountant had much more modest ambitions. “I wanted to do something that would give me job opportunities myself and the people around me,” […]

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 […]

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