Tue, 05 March 2024
Africa's news in English
Addis Ababa News

Top startups in Africa to watch out for this 2020

For a while now, South Africa, Nigeria, and Kenya were the main startup hubs in Africa, a trend that is slowly changing as innovation spreads across every corner of the continent. Here are some of the...
Addis Ababa News

New convention centre in Addis Ababa

Chinese firm to build convention centre in Ethiopian capital. Ethiopian president Mulatu Teshome has laid the foundation stone of a $130-million convention and exhibition centre being built by Chin...
Addis Ababa News

Kia Motors to assemble cars in Ethiopia

South Korean car company eyes East African market. The South Korean Kia Motors Corp is to begin assembling cars in the town of Adama, south of Addis Ababa, after signing a deal with local car manuf...
Addis Ababa News

Addis Ababa hosts Indo-African summit

The Indian government has announced that Ethiopia is to host India's second international summit with African states in May. While it is believed that India's decision to hold the Indo-African summit...
Addis Ababa News

Dubai World pulls out of Addis development

A US$100-million five-star luxury hotel development in Addis Ababa has been put on hold by Dubai World, the Dubai government owned conglomerate, whose majority stakeholder is Sheikh Mohammed bin Rashi...
Addis Ababa News

Addis Coca Cola factory suspends production.

Coca Cola has disappeared from the bars and caf
Addis Ababa News

All African Leather Fair in Addis Ababa.

The second edition of the All African Leather Fair is due to take place in Addis Ababa from 20-22 January 2009. The fair, designed to promote the African leather industry, will bring together tanners,...
Addis Ababa News

Remittances to Ethiopia on the rise.

Ethiopia earned $1 billion from international remittances in July 2007-July 2008 fiscal year according to National Bank of Ethiopia figures. This compares with $633 million the previous year. Of the t...
Addis Ababa News

TATA International opens in Addis Ababa.

TATA International, part of the Indian powerhouse TATA Group, has opened an office in the Ethiopian capital. The company is looking to invest in the country
Addis Ababa News

Ethiopian Commodities Exchange.

Preparations are underway to launch the Ethiopian Commodities Exchange (ECX), the first regulated commodities market in Ethiopia. Registration for prospective members began in February and special war...
Addis Ababa News

African Economic Conference.

Over 300 economists and decision-makers from Africa, Asia, Europe and the Americas are to attend the second African Economic Conference (AEC) on
Addis Ababa News

Actis looking to invest in Ethiopia.

The UK-based private equity company Actis is looking for investment opportunities in Ethiopia as part of efforts to expand its presence in East Africa. Founded three years ago on the back of British g...
Addis Ababa News

Addis city budget for new tax year.

The finance ministry has approved a 5.16 billion birr budget for Addis Ababa for the new fiscal year, which began on 8 July. The allotted sum represents a 1.1 billion birr increase over the budget for...
Addis Ababa News

Overseas Ethiopians invest at home.

Ethiopians living overseas and foreigners of Ethiopian origin have invested a total of 7.5 billion birr in the country since 1998 according to Ethiopian Investment Agency figures. Just under one third...
Addis Ababa News

Coffee plant opens in Kaliti.

A new coffee processing and storage plant has been established in the industrial area of Kaliti in southern Addis Ababa, the state-owned English language daily The Ethiopian Herald has said. The facil...


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