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Indian scooter assembler reorients focus to fuel bikes

Launching the first ever assembly plant of electric powered motorcycles dubbed “Scooty” in Ethiopia, India-based Balaaji Manufacturing PLC has turned its focus to engine bikes as the market is sluggishly responding to the ecofriendly scooters.

PM highlights importance of ICT at China visit

During a visit to China this week at which he invited Chinese companies to invest more in Ethiopia, Prime Minister Hailemariam Dessalegn highlighted the importance of the ICT industry for realizing development goals the country set out.

Scholar says Ethiopia’s trademarked coffees remain in shadows

Spending a week on a speaking tour in Ethiopia, Justin Hughes (Prof), a senior legal scholar who spent years studying Intellectual Property (IP) rights matters indicated that despite its huge potential, Ethiopia has done little to promote its trademarked coffee verities globally.

Bankers association awards IFRS project to PwC

The Ethiopian Bankers’ Association has selected PricewaterhouseCoppers (PwC), an international professional services and auditing firm, for the implementation of the International Financial Reporting Standard (IFRS).

Gov’t allocates 1,600MW for industrial parks

The Government of Ethiopian has allocated 1,600MW electric power for its industrial parks that are envisaged to make Ethiopia’s industrialization a reality and in the long run make the country Africa’s light manufacturing hub.

Recovering sector earns USD 2.5 bln

Still in recovering mode following the recent political turmoil in the country, the tourism and travel sector has slowly begun to turn a profit, to the tune of USD 2.569 billion by the end of the third quarter, from 686,223 foreign visitors.