bussines news
Qatari giant Suhail Group has expressed its desire to invest in Ethiopia
Suhail Industrial Holding Group, Qatar’s corporation of companies specializing in the recycling, production, and export of processed non-ferrous metals and plastics, has confirmed that it is looking to expand its investment engagement in Ethiopia. The Group’s interest was expressed during the meeting between the Ethiopian Ambassador to the State of Qatar, Faisal Ali Ibrahim, and …
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Ethiopian Airlines To Resume Four Weekly Services To Madrid
Ethiopian Airlines Group, the fastest-growing global airline brand and the continent’s largest airline, is pleased to announce that it will resume four weekly passenger services to Madrid, Spain’s capital and a city of elegant boulevards and extensive, starting from December 9, 2023. The four-time weekly services will be operated per the below schedule on Tuesday, …
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Ethiopia is improving its export business through the Ethio-Djibouti railway service, which is part of the “Belt and Road Project”
It is stated that the Ethio-Djibouti railway service is playing a major role in delivering Ethiopia’s selected coffee and leather from Addis Ababa to Djibouti port. The CGTN report recalled that before the implementation of the “Belt and Road Project” announced by China, Ethiopia used to take at least three days to deliver its exports …
HBM Group To Build Syringe Manufacturing Plant In Ethiopia
HBM Group is going to build the first company in Africa that will produce one million syringes per day in Kilinto Industrial Park in Ethiopia. HBM Group, a pharmaceutical company, has informed Ethiopia’s Industrial Parks Development Corporation (IPDC) that it has decided to manufacture one million syringes per day at Kilinto Industrial Park. IPDC CEO, …
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Ethiopia’s Economic Growth Holding Well Despite A Limping Global Economy – IMF
Ethiopia’s economic growth is holding relatively well unlike the lingering global growth due to multiple shocks, the International Monetary Fund (IMF) said. The NBE hosted today the IMF research team that prepared this year’s World Economic Outlook. The WEO report finds that while the global economy is recovering from multiple shocks, it is just “limping …
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