Category: Business

Posted in Business

Safaricom shares to rise on Ethiopia entry, high returns

Standard Bank Group (SBG) Securities has issued a ‘buy’ recommendation on Safaricom shares in the wake of high returns amid entry plans for Ethiopia. On…

Continue Reading Safaricom shares to rise on Ethiopia entry, high returns
Posted in Business

Eagle Hills launches first residential tower in Ethiopia project

La Gare, one of Ethiopia’s largest mixed-use developments, took a major step forward last week with the launch of its first residential tower in Addis…

Continue Reading Eagle Hills launches first residential tower in Ethiopia project
Posted in Business

Toyota is recalling nearly 700,000 cars because of fuel pump scare. Which Models Are Affected? How Can I Check If My Vehicle Has Been Recalled?

Auto manufacturer Toyota is recalling nearly 700,000 vehicles in the U.S. because of an issue with fuel pumps in models manufactured after 2018 which can…

Continue Reading Toyota is recalling nearly 700,000 cars because of fuel pump scare. Which Models Are Affected? How Can I Check If My Vehicle Has Been Recalled?
Posted in Business

Ethiopia invites South African investors to buy State enterprises

Prime Minster Abiy Ahmed of Ethiopia, who was in a two – day’s state visit in South Africa invited South African businesses to invest in…

Continue Reading Ethiopia invites South African investors to buy State enterprises
Posted in Business

Ethiopian airlines plans to open up 3 new Chinese destinations

(Xinhua) — Ethiopia’s flag carrier, Ethiopian Airlines (ET) is planning to open flights to three new Chinese destinations, an Ethiopian official said on Saturday. Speaking…

Continue Reading Ethiopian airlines plans to open up 3 new Chinese destinations
Posted in Business

Ethiopia: 4.1 million birr worth of hashish seized

Ethiopian Custom Commission announced that more than 4.1 million birr worth of hashish seized at around Hawassa. The drug was found in Isuzu truck which…

Continue Reading Ethiopia: 4.1 million birr worth of hashish seized
Posted in Business

Ethiopia gets $1.12 billion from export in five months

Ministry of Trade and Industry of Ethiopia said during the first five months of the budget year started July 8, 2019, the country has earned…

Continue Reading Ethiopia gets $1.12 billion from export in five months
Posted in Business

Wegagen Bank of Ethiopia profit drops by $10 million

The annual gross profit (before tax) of Wegagen Bank of Ethiopia for the budget year ended June 30, 2019 has dropped to around 735.14 million…

Continue Reading Wegagen Bank of Ethiopia profit drops by $10 million
Posted in Business

Ethiopia, Eritrea eye socioeconomic integration amid rapprochement of ties

(Xinhua) — The Ethiopian and Eritrean leaders on Thursday vowed to cement recent gains in the rapprochement of bilateral ties as the two former arch-rivals…

Continue Reading Ethiopia, Eritrea eye socioeconomic integration amid rapprochement of ties
Posted in Business

Ethiopia aims to cut sugar tax ahead of privatization plan

(Reuters) – Ethiopia plans to cut an excise tax on sugar to 20% from 33%, according to a draft law in parliament, proposing the move…

Continue Reading Ethiopia aims to cut sugar tax ahead of privatization plan
Posted in Business

Meet Rediet Abebe, the First Black Woman to Earn a Computer Science Ph.D. From Cornell University

As one of just few faces of color in the tech world, computer scientist Rediet Abebe is shaking things up and will make history as…

Continue Reading Meet Rediet Abebe, the First Black Woman to Earn a Computer Science Ph.D. From Cornell University