Africa’s Great Hope September 2005 Only a few months ago, Ethiopia was being touted as Africa’s great hope. So why was its first , marred by political assassinations, widespread fraud and intimidation? “This could potentially explode at any moment. It is a very, very dangerous situation,” warns EU Ambassador Tim Clark. Following elections [...]
Continue reading...6 August 2010
June 2003 Coffee farmers of Ethiopia are facing destitution. The collapse in world coffee prices means that prices no longer even cover growing costs. Farmers in Ethiopia are now lucky to make $10 a year. Prices have fallen 70% in the past four years and since the collapse of the International Coffee [...]
Continue reading...7 July 2010
E.I Business News E.I Business Opportunities >> Swiss Vendor Bags CBE’s 70m Br IT ContractThe long overdue IT procurement by the largest and oldest bank in the country, the Commercial Bank of Ethiopia (CBE), was signed and sealed two weeks ago by an international technology vendor based in Switzerland, Temenos Group AG. Read more… >> Profile on Textile Wall [...]
Continue reading...18 April 2010
Whether or not Merkato still has any claim to being the largest open-air market in Africa is debatable. If one goes to Merkato today, they will more likely see big, new shopping malls as well as demolished sections of open-air stalls awaiting their own modern buildings.
Continue reading...14 April 2010
Finally, work is to begin on the relocation of residents of more than 3,000 houses on the 42ht of land that has been designated for the expansion of the Sheraton Hotel; the cash strapped administration has been given 151 million Br from Mohammed Hussein Ali Al Amoudi to expedite the process.
Continue reading...13 April 2010
10-minute documentary highlighting the investment opportunities in Ethiopia today and tomorrow. Produced for the Saudi-East African Forum
Continue reading...10 April 2010
Ethiopia has launched an electric car, despite suffering from power shortages. It is only the second African country to do so, after South Africa. Two versions of the Solaris Elettra will be manufactured in Addis Ababa, costing around $12,000 and $15,000. The cars will be sold in Ethiopia and exported to Africa and Europe.
Continue reading...20 March 2010
By Zekarias Ezra Land is finite. There is so much of it and that is it. So, food-importing countries with scarce arable land but lots of cash, mainly in Asia and the Middle East, are increasingly looking overseas to secure food supplies after the prices of staple foods rocketed last year. They are [...]
Continue reading...7 October 2009
Gulf labour laws fail to halt abuse Every year thousands of women arrive in the Gulf to take up jobs as domestic workers. The majority of them leave behind their families on a huge financial gamble to try to earn enough in remittances. But behind closed doors, in the homes of their employers, some [...]
Continue reading...11 September 2009
Foreign Minister Avigdor Lieberman returns Friday from a visit in five African states, where in addition to discussing Africa’s internal problems, he and his entourage laid the groundwork for weapons deals. While Lieberman talked with African leaders about the hunger, water shortage, malnutrition and plagues afflicting their nations, the visit was also used to advance arms [...]
Continue reading...12 July 2009
………………………………………………………………………………………………………………………………………………………. Location: Four Point Sheraton (12th & K St. NW) Washington DC, USA June 21, 2009 Organized by: The Ethiopian American Principal Sponsors: VEGA Ethiopia AGOA+/USAID Also sponsored by: Precise Consult International PLC ………………………………………………………………………………………………………………………………………………………. The Forum is divided into two sessions. Session I will explore US Government support for American investors, including the Ethiopian Diaspora, in investing in Africa (USAID’s Diaspora Loan Guarantee program in Ethiopia and the African Diaspora [...]
Continue reading...21 April 2009
By Hayal Alemayehu – Ethiopian Reporter The office of the Prime Minister this week issued an order for the inspection of all gold bars inside the vaults of the National Bank of Ethiopia (NBE) following the continued discoveries of fake bullion gold bars at the bank, [...]
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7 August 2010
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