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Private Sector

News concerning Private Sector.

Ethiopian Bank To Get ATMs, PoS By June 2014

Published on: Wed, 2013-12-18 00:00

The Bank of Abyssinia (BOA) in Ethiopia is set to offer its clients ATM and Point of Sale (PoS) services by June next year in a bid to expand its services.

Pyramid Resort Brings New Bliss To Debre Zeit

Published on: Tue, 2013-12-17 00:00

Now, an amazing oasis awaits travelers willing to push through the 40km of bustling traffic between Addis and Debre Zeit. The delightful new retreat, Pyramid Resort Hotel, built facing Bishoftu, the deepest of the seven lakes in Debre Zeit, sits on a 3,250sqm plot.

Major Residential, Business Center Begins Construction Near CMC

Published on: Tue, 2013-12-17 00:00

Construction of the, USD 200 million, Addis Ababa International Center, has begun at Yeka Sub City in front the CMC roundabout.

Surfing The Internet For Free: Addis Hotels Become Wi-Fi Retreats

Published on: Sun, 2013-12-15 00:00

Teshale Tucho, 41, a businessman, was beaming with delight on Thursday, December 12, 2013, whilst surfing the net in the lobby of the Kenenisa Hotel, in the Bole Medhanealem area of Bole District.

Addis-Modjo Edible Oil Complex Agrees 8m Br Compensation With Railway Corporation

Published on: Sun, 2013-12-08 00:00

The Addis-Modjo Edible Oil Complex has received eight million Birr in compensation from the Ethiopian Railway Corporation (ERC) for the demolition of warehouses and network lines in its plant, on Debre Zeit Road, near the Gotera Interchange.

Tire Importer Inaugurates 15 Million Birr Retread Center

Published on: Sat, 2013-12-07 00:00

The largest importer and distributer of Bridgestone car tires, Cabey Plc, has inaugurated a tire maintaining and retread center at the cost of some 15 million birr.

World’s Sixth Largest Accounting Firm Comes To Addis

Published on: Wed, 2013-12-04 00:00

Grant Thornton Ethiopia, a joint venture of Grant Thornton International and AW Thomas Consultancy, opened its office in Addis Ababa on Tuesday November 19. The company will mainly target the infrastructure sector, and include medium, small and micro enterprises.

Saudi Billionaire Al-Amoudi Plans Two Cement Plants In Ethiopia

Published on: Tue, 2013-12-03 00:00

Saudi billionaire Mohammed al-Amoudi, the biggest private investor in Ethiopia, plans to build two more cement factories in the Horn of Africa nation amid an improving investment environment.

Huawei Ordered To Remove Illegally Imported Equipment

Published on: Mon, 2013-12-02 00:00

The Ethiopian Revenues & Customs Authority (ERCA) decided last week that Huawei Technologies, the private Chinese telecom giant, must remove the 13 million-dollar telecoms equipment it allegedly imported illegally a year ago. It had previously decided that this cargo was to be confiscated.

Federal Court Orders May Real Estate To Hand Over Homes

Published on: Mon, 2013-12-02 00:00

The dispute among May Real Estate Development Plc and home buyers is set to continue, even though the Federal Supreme Court ruled, on November 13, 2013, that the real estate company must hand over the houses to the home buyers.


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