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A new five-star hotel is set to join the hospitality industry in Ethiopia, with the inauguration of Elilly International Hotel on Sunday, November 24, 2013. Located in the Kazanchis area of Kirkos District, which is currently under redevelopment, the new hotel sits in what is increasingly becoming a hotspot for upscale hotels. It now boasts […]

In line with large-scale public projects featuring prominently in the economic activities of the country, senior officials of the Ethiopian government headed to the northernmost part of the country to inaugurate yet another megaproject. Located 18km from Mekelle, the capital of Tigray regional state, Ashegoda Wind Farm – dubbed the largest wind farm in Africa […]

The first Hotel Show Ethiopia, organised by Ozzie Trading and Consult, was held at the United Nations Conference Centre (UNCC) from October 10 to 12, 2013.  The event, officially opened by Tadelech Dalecho, the state minister of Culture and Tourism, inspired by the Hotelex Shanghai Expo, and was attended by 65 organisations. They set up […]

The  Ethiopian Institute of Architecture, Building Construction and City Development (EiABC) demonstrated the G+1 “SICU-HOUSE for 10 days in Addis Abeba starting from Saturday, September 28, 2013. The demonstration was conducted near Balcha Hospital in Lideta District. The research sets out with the aim to investigate possibilities and solutions for an alternative urban housing unit […]

United States new Ambassador to Ethiopia, Patricia Haslach, has arrived here last week, taking over the mantle from her predecessor, Donald Booth. The latter, who had served his country as an ambassador for three years since 2009, has been appointed by President Barack Obama as his personal envoy to resolve the dispute between the Sudan […]

On Tuesday, 10 September, 2013, Fitsum Arega, director of the Ethiopian Investment Agency (EIA) discussed the annual performance and the current year’s plan of the Agency with journalists in his office on Tuesday, September 10, 2013. According to the performance of the just ended fiscal year, which is based on the five year’s Growth & […]

Ethiopia has been hosting the 12th African Growth & Opportunity Act (AGOA) and designing the AGOA response strategy, in order to increase its benefits. The lines of projects are believed to help the country reap even more benefit from the Power Africa Initiative – a new five year project launched by President Obama. The initiative, […]

Ayele Debela, a businessman who had been serving a 22-year sentence, having been convicted of a series of crimes to the national economy, was buried at the Holy Trinity cathedral on Tuesday, July 09, 2013. He passed away on Sunday, July 7. Ayele was one of the 10 businessmen on whom the Ethiopian Revenues & […]

The Addis Abeba City Roads Authority (AACRA), which successfully finalised the construction of the Bole road, onAfrica Avenue, in little over a year, has managed to increase the road coverage of the city to 15.64pc.  This has been achieved by constructing 843Km of new road, since 2008, when the Kuma Demekssa administration took the position […]

The Ethiopian Diaspora Policy, which the Parliament endorsed last December, was open to discussion on Saturday, June 15, 2013, at the Millennium Hall. Tedros Adhanom, right, minister of Foreign Affairs, was accompanied by his deputy Ambassador Berhane Gebrekiristos, middle, and Mulugeta Kalil, Diaspora Affairs Directorate director at the Ministry on his address to Diaspora delegations […]

US Secretary of State John Kerry and Tadele Abraha, general manager of Green Coffee Plc, had a brief chat on how many cups of coffee each would take a day, during a demonstration held inside the United States Embassy in Addis Abeba, on Entoto Road. It was a side event, organised by American diplomats based […]

In commemorating the 50th anniversary of the Organization of Africa Unity (OAU) and the African Union (AU), a special summit of African heads of state and government held yesterday in Addis Abeba. Hundreds of African and foreign dignitaries came together to mark the anniversary since the creation of the Organization of African Unity, which became […]

Prime Minister Hailemariam Desalegn and his wife Roman Tesfaye hosted diner to leaders of Africa who gathered to commemorate the 50th anniversary of the organization of African Unity (OAU) in Millennium Hall on Saturday, May 25, 2013. Besides heads of African countries, numerous world leaders including top level delegations from Brazil, China, Cuba, France, Haiti, […]

Starting his speech by stressing the contribution of Ethiopia towards the realization of the dreams of the African Union and the Organisation of African Unity (OAU), which replaces AU in 2001, Tewdros  (PhD), middle, minister of Foreign Affairs (MoFA), held a press conference with local journalists to commemorate the official launching of  the 50th  anniversary […]

Presenting the 10-month performance report of the Federal Ethics & Anti-Corruption Commission (FEACC) to the Parliament on Tuesday, May 14, 2013, Commissioner Ali Suleiman (left) said the Commission received over three thousand tips off and appeals within the last ten months. He also said the capacity of the institution before the court of law has […]

After a call by governments for advancing the UN Development Agenda, the eight Millennium Development Goals (MDGs) -which range from halving extreme poverty to halting the spread of HIV/AIDS and providing universal primary education, beyond 2015, a broad and inclusive consultation on the post-2015 development agenda took place at Hilton Hotel on Thursday 25, 2013. […]

Two days after meeting with Prime Minister Hailemariam Dessalegn inBrussels, European Union (EU) Commission President José Manuel Barroso and six European commissioners arrived in Addis Abeba to attend the 6th annual college-to college meeting with their counterparts at the African Union (AU). The meeting was held to identify priority issues for discussion at the fourth […]

The International Finance Corporation (IFC), the private sector lending arm of the World Bank Group, is to provide technical assistance for the Ethiopian Revenues & Customs Authority (ERCA) and the Ministry of Trade (MoT) worth 10 million dollars. The cooperation agreement with MoT and the ERCA was signed on March 08, 2013, at the Sheraton […]

Yetebaberut’s Old Airport gas station was finally opened on Monday afternoon, February 18,2013, four days after being shut down by the Lideta district  Trade & Industry Bureau. It was accused of selling fuel in barrels to a retailer, which officials from Addis Abeba City Trade & Industry Bureau (AACTIB) claim trespasses ‘a directive’ from the […]

The new urban land and immovable property registration bill had its day in the sun, as the Ministry of Urban Development & Construction (MOUDC) called a national consultation meeting with regional bureau heads and officials from Federal ministries and offices and other stakeholders, on Wednesday, February 20, 2013. The bill, to take effect soon, will […]

The long awaited condominium housing project that took two years to build was inaugurated officially on February 23, 2013. The project which includes 1,985 housing units rests on 25ha of land and costs 200 million Br.The condominium houses were built after the government relocated 2,600 households, both private and kebele houses in 2010.The city has […]

Bekele Gadissa, general manager of Habesha Cosntruction, centre, put the final ink on a 123.9 million Br deal with Rama Constrution PLC, represented by Yosef Kasaye, left, operation manager, for the latter to build a 10 storey multi-purpose apartment. The signing ceremony was held on Monday February 4, 2013, at the Hilton Hotel. Habesha is […]

The first regional laboratory constructed in Adama Town, Oromia Regional State at a cost of 2.9 million dollars, which was financed by the United States President’s Emergency Fund for AIDS Relief (PEPFAR) was inaugurated on Thursday January 31,2013 in the presence of Kebede Worku (PhD), left, state minister of Health (MoH) and Donald Booth, middle, […]

Betret International PLC in cooperation with BYD Auto, a Chinese automobile manufacturer based in Shenzhen, Guangdong Province, has set up a car assembly plant in Adama on 50,000sqm of land, two weeks ago. The company established 10 years ago assembles BYD F3 vehicles (pictured above), a compact car (4-door sedan, 5 passengers) produced in China […]

The countdown towards the first bottle of Habesha Beer to hit the markets in the third week of April 2014 was kick-started on January 17, 2013 at the Sheraton Hotel. The Brewery will be the sixth to enter the Ethiopian market. Habesha which started selling shares in 2010 managed to get 250 million Br in […]