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U.S. launches Africa Utility Power Sector Exchange
Addis Ababa, April 7, 2017 (FBC) -U.S. government in partnership with the Edison Electric Institute (EEI) officially launched the African Utility Power Sector Exchange (AUPSE) initiative yesterday with a workshop…
Sudanese President visits Omo Kuraz-II sugar plant
Addis Ababa, April 5, 2017 (FBC) –Sudanese President Omer Hassan al-Bashir today visited Omo Kuraz-II, one of the four sugar factories being built under Omo Kuraz sugar development project. The…
Swiss-based Mövenpick Hotels & Resorts adds Ethiopia to development pipeline with Addis Ababa property
Addis Ababa, April 3, 2017 (FBC) – Swiss hotel management company, Mövenpick Hotels & Resorts has signed its first hotel in Ethiopia, in the capital Addis Ababa, as its expansion…
Norfund invests in beef exporter in Ethiopia
Addis Ababa, April 1, 2017 (FBC) – The Norwegian Investment Fund for Developing Countries (Norfund) yesterday announced an investment of 7.4 million US dollars in Verde Beef Processing PLC, an…
EU companies invest over 60 bln birr in Ethiopia
Addis Ababa, March 29, 2017 (FBC) -The European Union Business Forum in Ethiopia (EUBFE) celebrated its official launching yesterday, following its formal registration as ‘Foreign Investors Association’ under Ethiopian law.…
Turkish company to build $1.5 bln solar energy project
Addis Ababa, March 24, 2017 (FBC) – The Turkish Reyrich Plastic Company announced that it will build a solar energy project with an outlay of 1.5 billion US dollars in…