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.
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.
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.
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).
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.
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.
The Ethiopian Tourism Organization (ETO) has teamed up with the Canadian Oil company, Africa Oil, and the Ethiopian Wildlife Conservation Authority to build a world class camping site at the Nech Sar National Park, near Arba Minch town, Southern Regional State.