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The Privatisation and Public Enterprises Supervising Agency (PPESA), came out empty handed once again, as four auctioned state enterprises which were thought to bring in lucrative prices, failed to attract tenders. Ghion Hotel, Adola Gold Mining Enterprise, Artistic Printing Enterprise and Agricultural Mechanization Services Enterprise, were  floated on the auction bloc on November 12, 2013.  […]

Amidst increasing competition from local investors and impending relocation of its headquarters, management from Total seemed intent on stressing that the oil company “is here to stay.” Jonathan Molapo, above, Total’s supply & marketing executive vice president for Central and North East Africa, held a press conference on Thursday January 10, 2013 to state this […]

The 72 years old building of the Ethiopian Parliament is soon to be replaced by a new building complex. The new Parliament quarters are expected to house its main convention hall, offices for the Members of Parliament (MPs), the administrative staff, the 13 standing committees and wings from both the ruling party and the opposition […]

The 33 petition signing political parties denounced the response of the National Electorate Board of Ethiopia (NEBE) to their request to discuss the upcoming Addis Abeba and Dire Dawa cities election on Thursday, December 27, 2012. One of the issues raised on the press conference organised at the head office of Forum for Democratic Dialogue […]

Messebo Cement Factory introduced its new cement product, Portland Limestone Cement (Plc), to major contractors and architectures in the country on a reception held at Hilton Addis on Thursday December 28, 2012.  The new product, which has a higher content of limestone is said to reduce the factory’s cost for coal used for burning clinker. […]

Tsehay Insurance Company, which started operations as the 15th insurer to join the industry, after obtaining a licence from the central bank on March 28, 2012 announced that it incurred 1.5 million Br loss for the just ended fiscal year. The insurance a company opened its doors for business through its three branches located at […]

Addis Prefab Houses Manufacturing Industries Plc put a foundation stone for the construction of manufacturing plant that costs 260 million Br on a plot of 50,000sqm land that it gets from in Sendafa Town, 34Km north of the capital, at a cost of nine million Birr, last week.

Tadesse Haile, minister of Industry (MoI), left, having a small talk with Hans Peter Waibel, middle, commercial director of BEZEMA Dyes & Chemicals Plc at the grand opening of a warehouse on Wednesday December 12, 2012. The Swiss- based chemical manufacturing company has been supplying chemicals for different countries for the last 30 years.

After waiting for 20 months, shareholders of Berhan Insurance Company held their first annual meeting on Saturday, December 15, 2012 at Global Hotel. Maaza Kitaw, (far right), board chairwoman of the insurance company announced the annual report for the year ended June 30, 20112. The insurance company, which was established on October, 2010 reported a […]

The headquarters of the French based Total Ethiopia Ltd that sprawls on 12,000sqm of land at Beyene Abba Sebsebe Street near the Gotera interchange, seen in the picture above, is to pay the price for the ever increasing infrastructural development activities in Addis Abeba. The oil distributing company that has been operating in the compound […]

Acting Foreign Minister Ambassador Berhane Gebrechristos (left) held talks with Sudanese Foreign Minister Ali Ahmed Karti (right) on bilateral issues on October 23, 2012 at the Ministry of Foreign Affairs (MoFA) located on Menelik II Avenue. The two sides discussed ways to further boost the warm bilateral relations between the two countries. In particular they proposed ways to strengthen the bilateral cooperation in trade, knowledge-transfer and experience sharing.

The Ethiopian Chamber of Commerce & Sectoral Association (ECCSA) is to negotiate with World Customs Organization (WCO) to buy a Harmonized System Database that will classify products for taxation purpose. This is initiated when WCO delegates urged each private company to have the database in order to classify imported products properly on Monday, October 21, […]