Ethiopian players promised $111,000 each if they win African Cup of Nations

ADDIS ABABA, Ethiopia – Ethiopia’s players were promised more than $100,000 each Wednesday if they win the African Cup of Nations on the country’s return to the tournament after... Read more »

Saudi Billionaire Al-Amoudi’s Ethiopia Gold Mine Has 128 Tons Ready

National Mining Corp., a closely held company majority-owned by Saudi billionaire Mohammed al-Amoudi, said it has 128 tons of gold ready to be mined at its Okote project in... Read more »

Saudi Billionaire Mohammed al- Amoudi to Invest $3.4 Billion in Ethiopia in 5 Years

(Bloomberg) — Derba Group, an amalgam of three Ethiopian companies owned by Saudi billionaire Mohammed al- Amoudi, said it plans to invest 59 billion birr ($3.4 billion) in seven... Read more »

Ethiopia: Bureau Adjourns Talks on Sheraton Addis Salary Increments

The negotiations between the labour union and management of the Sheraton Addis, held over their collective agreement, on Tuesday, January 17, 2011, concluded with both sides agreeing on everything... Read more »