SES holding talks with Ethio Telecom
World leading satellite company holding talks with Ethio Telecom – Reporter SES, world’s leading Luxemburg-based satellite company with a fleet of 50 satellites, is holding talks with Ethio Telecom to…
Ethiopia seals double taxation avoidance deal with India
Addis Ababa – (First Post) Ethiopia has signed double taxation avoidance pacts with four countries, including its growing trading partners India and China. The agreements, also with Sudan and Egypt, were…
Saudi Billionaire to Invest $600 Million in Ethiopia Cooking Oil
By William Davison, Business week - An Ethiopian company majority-owned by Saudi billionaire Mohammed al-Amoudi plans to invest $600 million over two years to produce edible oil, its general manager said. Horizon…
Chinese to Help Map Mining Potential of Ethiopia
Chongqing State, China to provide $10m to ease exploration burden of firms Addis Ababa, (Forutnue) The Ethiopian Ministry of Mines (MoM), in collaboration with the Mines Bureau of Chongqing State,…
Ethiopia sells off seven state firms, to offer more
* Eyes privatisation of another 40 firms * Rules out airlines, telecoms and banks By Aaron Maasho (Reuters) Ethiopia has accepted bids worth 2.1 billion birr ($121 million) for seven state-owned…
Ethiopia export earnings rise 17 pct yr/yr in 8 months to Feb
* Earnings hit $1.87 bln, up from $1.6 bln * Gold, oil seeds rise, coffee revenue down 7.9 pct ADDIS ABABA, March 27 (Reuters) – Ethiopia’s export earnings rose 16.6 percent…
Ethiopian Admits to Pressure from Soaring Fuel Prices
Revenues increase by 50pc compared to an increase of 30pc in last year’s period. Abdi Tsegaye, Addis Fortune The management of Ethiopian Airlines acknowledged, last week, that the national carrier is…
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