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 »

Ethiopian Customs to Start Electronic Tracking System

The Revenues and Customs Authority of Ethiopia is to launch an electronic cargo tracking system on the road between Addis Ababa and Port Djibouti. The effort, which will commence... Read more »

Ethiopia Invite Chinese and Germans Investors for Stake in Tantalum Mine

(Bloomberg) — Ethiopia’s government is courting investors from at least four countries including China and Germany to buy a stake in the state-owned company that operates what it says... Read more »

Castel to Export Ethiopian Wine

In an effort to move beyond just coffee, Ethiopia now exports leather, vegetables, flowers, and yes, the occasional bottle of wine. Addis Ababa, Ethiopia About three hours south of... Read more »

Ethiopia’s tribes cry for help – Al Jazeera

A drive to become a world leading sugar producer threatens the livelihoods of thousands of people in rural areas. Addis Ababa, Ethiopia – The Lower Omo Valley in south-western Ethiopia... Read more »

Ethiopia’s Biggest Cement Factory Inaugurated

Derba MIDROC Cement Plc, Ethiopia’s biggest cement factory, was inaugurated here on Sunday in the presence of Prime Minister Meles Zenawi and other invited guests at a ground-breaking ceremony... Read more »

Ermyas Amelga Banned from Banking Industry

The National Bank of Ethiopia (NBE) has notified Ermyas Amelga, founding shareholder and former board chairman of Zemen Bank— the only one-branch bank in Ethiopia— that he has banned... Read more »

Ricardo to produce engines for Lifan’s SUV in Ethiopia

The Reporter – Ricardo, an engine maker giant based in the U.K., has partnered with Lifan, a Chinese car maker, to produce the engine for Lifan’s sport utility vehicles... Read more »

Diageo Wants to Cover 50% of Ethiopian Beer Market

Diageo Plc (DGE), the world’s biggest liquor maker, wants to boost its share of Ethiopia’s beer market to 50 percent from the current 15 percent as it completes the... Read more »

Aster Aweke’s Kabu Coffee to Start Export

Kabu Coffee, the cafe owned by celebrated Ethiopian artist Aster Aweke, is to expand its business and provide export quality “value-added coffee”. While Kabu continues to be known for... Read more »