Hewlett-Packard (HP) one of the world’s largest technology company headquartered in California, USA, officially opens an office in Addis Ababa

Ethiopia has accepted bids worth 2.1 billion birr ($121 million) for seven state-owned firms, part of a plan to privatise dozens of corporations in the next three years

The first electrical and IT gadget shopping mall in the country has been constructed at a cost of 65 million Br. The building, soon to be named Country Tower, is in negotiations with businesses that are competing for its space.

Ambassador Newai Gebreab, is urging African countries to set very high economic growth targets for themselves...

The Ethiopian Ministry of Industry has approved a request by Mugher Cement Enterprise to export cement from Ethiopia to neighboring countries.

A subsidiary of China Railway Construction Corp Ltd has signed an agreement with Ethiopia Railway Co

Ethiopian ministries of Mine, Agriculture and Industry are conducting a study to develop a national soil fertility map in collaboration with the Agriculture Transformation Agency.

The Samsung conglomerate announced plans, on Thursday, to collaborate with the Ethiopian Revenue and Customs Authority (ERCA) to halt the import of counterfeit products into the country.

Diageo, the world's biggest spirits group, has won a bid to buy Ethiopia's last-remaining state brewery for ..

The Ministry of Industry (MoI) has banned the export of crusted leather as of December 2011, due to the scarcity of supplies and price hikes.

Sugar Corp., Ethiopia’s state-owned producer, said it started building 10 new factories and is inviting private investment as part of a plan to become one of the world’s 10 biggest exporters of the crop.

‘Meet the Boss’ is How we made it in Africa’s new interview series, where we pose the same 10 questions to CEOs and executives across the continent.

Commercial Bank of Ethiopia (CBE) has awarded IBM a $3m contract to support the bank in a major program of modernization and business expansion. Under the terms of the agreement, IBM will provide hardware, software and IT services to support the bank in its business growth and its shift from manual financial processes to real-time financial services.

Chosen from a field of deeply distinguished business leaders from across the continent, Bethlehem becomes the first Ethiopian to ever win the award

Bethlehem Tilahun Alemu, founder and managing director of the footwear brand SoleRebels and one of the World Economic Forum’s Young Global Leaders for 2011, has been named Outstanding Businesswoman at this year’s African Business Awards, becoming the first Ethiopian to receive the accolade.

(IANS) India will provide technical assistance to Ethiopia on implementation of a WTO compliant customs valuation system in the east African country, where weaknesses in tax collection are hampering economic development.

Under the EATS, the infrastructure for transfer of huge volume of money will be available. Apart from this, the new banking system provides the retail payment system interface, which is both safe and secure. The new system uses the latest electronic transfer devices, such as Internet and payment cards, Automated Teller Machines, Point of Sales, and Mobile Banking, unlike the costly and risky traditional system that involves check and cash transfers. The NBE will host the server and monitor the transactions.

Ethiopia’s government expects seven foreign and domestic companies to bid for oil and natural gas concessions in the restive Ogaden basin previously held by Petronas Nasional Bhd, a government official said.

Those found holding surplus stocks in the hope of future price rises and therefore delaying deliveries are “stopping the country from getting the foreign exchange it could earn, making foreign buyers lose trust, and spoiling the country’s image,” Yakob Yala, state minister of trade, said in an April 29 letter to the Ethiopian Coffee Exporters’ Association.

Ethiopia will host the next World Economic Forum's Africa meeting a year from now. At a press conference in Cape Town, Deputy Prime Minister Hailemariam Desalegn said he is delighted that the WEF - host of a high-level global conference in Davos, Switzerland, each January - has chosen his country for its annual Africa conference