Ethiopia Report https://marcopolis.net/ethiopia-report/ Thu, 02 May 2024 21:01:47 +0000 Joomla! - Open Source Content Management en-gb info@marcopolis.net (Marcopolis) Packaging Industry: Gavin Dehning Discusses Silafrica’s Growth Initiatives Across East Africa https://marcopolis.net/packaging-industry-unveiling-silafrica-s-strategic-growth-initiatives-across-east-africa.htm https://marcopolis.net/packaging-industry-unveiling-silafrica-s-strategic-growth-initiatives-across-east-africa.htm

In this conversation with MarcoPolis, Gavin Dehning, the Group CEO of Silafrica, a prominent packaging manufacturing company, discusses recent milestones and highlights major contracts with industry leaders Heineken and Coca Cola, offering valuable insights into the company’s strategic investments and expansive growth strategies across East Africa.

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]]> sandra@marcopolis.net (Sandra Francisco) Ethiopia Report Mon, 12 Feb 2024 08:14:44 +0000 Exploring the Latest Trends and Innovations in FMCG Packaging: Enhancing Consumer Experience and Sustainability https://marcopolis.net/exploring-the-latest-trends-and-innovations-in-fmcg-packaging-enhancing-consumer-experience-and-sustainability.htm https://marcopolis.net/exploring-the-latest-trends-and-innovations-in-fmcg-packaging-enhancing-consumer-experience-and-sustainability.htm

In recent years, the FMCG packaging industry has undergone a period of rapid innovation, driven by changing consumer preferences and technological advancements. These changes have created new opportunities for brands to differentiate themselves and enhance the consumer experience. Silafrica, a leading producer of rigid plastic packaging solutions, has been at the forefront of these changes with its innovative and sustainable packaging solutions.

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]]> sandra@marcopolis.net (Sandra Francisco) Ethiopia Report Tue, 07 Mar 2023 09:15:42 +0000 Discussing Agricultural Systems and Cold Chain Solutions in Ethiopia with Aster Berhane of Astunet https://marcopolis.net/discussing-agricultural-systems-and-cold-chain-solutions-in-ethiopia-with-aster-berhane-of-astunet.htm https://marcopolis.net/discussing-agricultural-systems-and-cold-chain-solutions-in-ethiopia-with-aster-berhane-of-astunet.htm

Aster Tesfamichael Berhane discusses latest news and developments regarding agricultural systems and cold chain solutions in Ethiopia. She also gives an overview of Astunet Business Enterprises PLC, and mentions investment opportunities, partnerships, as well as her vision for the future of the sector and the company.

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]]> sandra@marcopolis.net (Sandra Francisco) Ethiopia Report Tue, 24 May 2022 13:33:59 +0000 Astunet: Modern Agricultural Technologies and Cold Management Solutions in Ethiopia https://marcopolis.net/astunet-modern-agricultural-technologies-and-cultural-management-solutions-in-ethiopia.htm https://marcopolis.net/astunet-modern-agricultural-technologies-and-cultural-management-solutions-in-ethiopia.htm
Aster Tesfamichael Berhane, Managing Director at Astunet Business Enterprises PLC, gives an overview of the company. For more than two decades, Astunet has been a leading provider of modern agricultural technologies and cold management solutions in Ethiopia.

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]]> sandra@marcopolis.net (Sandra Francisco) Ethiopia Report Tue, 24 May 2022 13:31:42 +0000 Zebad Coffee is Looking for Investors to Help Transform the Ethiopian Coffee Sector https://marcopolis.net/zebad-coffee-is-looking-for-investors-to-help-transform-the-ethiopian-coffee-sector.htm https://marcopolis.net/zebad-coffee-is-looking-for-investors-to-help-transform-the-ethiopian-coffee-sector.htm
Emebet Tafesse, CEO of coffee trading company Zebad General Export and Import, discusses working with smallholder farmers and supporting women in the rural areas. She also explains why investors should consider Zebad’s project to help transform the Ethiopian coffee sector.

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]]> sandra@marcopolis.net (Sandra Francisco) Ethiopia Report Thu, 19 Aug 2021 13:26:31 +0000 Zebad General Export and Import: Discussing the Coffee Sector in Ethiopia with Emebet Tafesse https://marcopolis.net/zebad-general-export-and-import-discussing-the-coffee-sector-in-ethiopia-with-emebet-tafesse.htm https://marcopolis.net/zebad-general-export-and-import-discussing-the-coffee-sector-in-ethiopia-with-emebet-tafesse.htm

Emebet Tafesse shares her assessment of the coffee sector in Ethiopia and presents Zebad General Export and Import, an Ethiopian trading company specialized in exporting high quality, fertiliser-free, washed and sun-dried coffee to the international market. She also gives an overview of ERKAB Transit and Consultancy, her logistics company, and shares her vision for the future.

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]]> sandra@marcopolis.net (Sandra Francisco) Ethiopia Report Mon, 19 Apr 2021 12:25:11 +0000 Ethiopian Coffee Sector: An Interview with Emebet Tafesse of Zebad General Export and Import https://marcopolis.net/ethiopian-coffee-sector-an-interview-with-emebet-tafesse-of-zebad-general-export-and-import.htm https://marcopolis.net/ethiopian-coffee-sector-an-interview-with-emebet-tafesse-of-zebad-general-export-and-import.htm
Emebet Tafesse, CEO of Zebad General Export and Import, explains what makes her coffee trading company different from the competition in Ethiopia.

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]]> sandra@marcopolis.net (Sandra Francisco) Ethiopia Report Mon, 19 Apr 2021 12:22:45 +0000 Addis Chamber - Leading Chamber of Commerce in Africa https://marcopolis.net/leading-chamber-of-commerce-in-africa-addis-ababa-chamber.htm https://marcopolis.net/leading-chamber-of-commerce-in-africa-addis-ababa-chamber.htm Addis Ababa Chamber of Commerce and Sectoral AssociationsThe Addis Ababa Chamber of Commerce and Sectoral Associations was set up in 1947 to create and foster an environment, in which businesses in Addis Ababa can develop and grow at a much faster pace. The Addis Chamber is the most active chamber in the country and currently has over 15,000 members.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 29 Apr 2014 00:00:00 +0000 Intercontinental Addis Hotel provides the best hotel services in Addis Ababa https://marcopolis.net/intercontinental-addis-hotel-provides-the-best-hotel-services-in-addis-ababa.htm https://marcopolis.net/intercontinental-addis-hotel-provides-the-best-hotel-services-in-addis-ababa.htm
"Our occupancy is now between 70 and 80% this year, and it has been growing ever since I became the manager in 2011. Our services are different from other hotels. What is different is that we have training in human development; we train every employee," explains Zenawi Mesfin, the GM of Intercontinental Addis.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Thu, 10 Apr 2014 09:50:35 +0000 Intercontinental Addis Hotel: Role model for other hotels and hotel managers in Addis Ababa https://marcopolis.net/intercontinental-addis-hotel-role-model-for-other-hotels-and-hotel-managers-in-addis-ababa.htm https://marcopolis.net/intercontinental-addis-hotel-role-model-for-other-hotels-and-hotel-managers-in-addis-ababa.htm
The general manager of Intercontinental Addis Hotel claims that the hotel could serve as a role model for other hotels and their hotel managers in Addis Ababa.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Thu, 10 Apr 2014 09:43:26 +0000 UNESCO heritage in Ethiopia https://marcopolis.net/unesco-heritage-in-ethiopia.htm https://marcopolis.net/unesco-heritage-in-ethiopia.htm
There are 9 historical sites in Ethiopia that are registered as UNESCO heritage.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Thu, 10 Apr 2014 08:42:30 +0000 Exclusive interview with State Minister of Culture and Tourism of Ethiopia, H.E. Tadelech Dalacho Dando https://marcopolis.net/exclusive-interview-with-state-minister-of-culture-and-tourism-of-ethiopia-he-tadelech-dalacho-dando.htm https://marcopolis.net/exclusive-interview-with-state-minister-of-culture-and-tourism-of-ethiopia-he-tadelech-dalacho-dando.htm
"Last year we welcome about 650,000 visitors, which is a 12% increase as opposed to the previous year. Our plan is to attract around 1 million tourists per year. We aim to earn around 3 billion USD from the tourism industry," states the State Minister of Culture and Tourism of Ethiopia.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Thu, 10 Apr 2014 08:33:49 +0000 Mining in Ethiopia 2014: Overview of the mining sector and exploration activities in Ethiopia https://marcopolis.net/mining-in-ethiopia-2014-overview-of-the-mining-sector-and-exploration-activities-in-ethiopia.htm https://marcopolis.net/mining-in-ethiopia-2014-overview-of-the-mining-sector-and-exploration-activities-in-ethiopia.htm
"In 2014 we are looking towards the new potential resource that is emerging in Ethiopia: potash," notes H.E. Tolesa Shagi, the Minister of Mines of Ethiopia.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 08 Apr 2014 12:32:21 +0000 Natural resources of Ethiopia are untouched and unexplored, says the Minister of Mines of Ethiopia https://marcopolis.net/natural-resources-of-ethiopia-are-untouched-and-unexplored-says-the-minister-of-mines-of-ethiopia.htm https://marcopolis.net/natural-resources-of-ethiopia-are-untouched-and-unexplored-says-the-minister-of-mines-of-ethiopia.htm
"The resources in Ethiopia are untouched and unexplored because previously we didn’t have the right skills or technology to explore and identify our resources. Now with the regime change and the change in policy we have amended our Mining Act and we are inviting investors from all corners of the world," says H.E. Tolesa Shagi, the Minister of Mines of Ethiopia.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 08 Apr 2014 12:24:51 +0000 SABA Engineering: Contributing to Ethiopia’s development for the past 21 years https://marcopolis.net/saba-engineering-contributing-to-ethiopias-development-for-the-past-21-years.htm https://marcopolis.net/saba-engineering-contributing-to-ethiopias-development-for-the-past-21-years.htm
"SABA Engineering was established in 1992 as a small consulting firm," recalls Eng. Samson Bekure Tefera, the managing director of SABA Engineering. As the time went by, SABA progressively diversified itself into a successful multi-disciplinary engineering firm in Ethiopia.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 08 Apr 2014 11:33:18 +0000 History of Oromia International Bank (Ethiopia) https://marcopolis.net/history-of-oromia-international-bank-ethiopia.htm https://marcopolis.net/history-of-oromia-international-bank-ethiopia.htm
Oromia International Bank first opened in October 2008 and became known as the fastest growing bank in the history of the Ethiopian banking industry.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 08 Apr 2014 09:58:55 +0000 Banking sector in Ethiopia – 2014 overview by Oromia International Bank https://marcopolis.net/banking-sector-in-ethiopia-2014-overview-by-oromia-international-bank.htm https://marcopolis.net/banking-sector-in-ethiopia-2014-overview-by-oromia-international-bank.htm
"We only have 19 banks in total and the aggregate branch size of these 19 banks is about 1,700. This number of banks has only been achieved in the last four years and before that there were only about 600 branches. It is in a fast-growing stage and I’m sure the future will also be good because the market is still untapped," notes Abie Sano Mehamed, the president of Oromia International Bank.

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]]> dominika@marcopolis.net (Dominika Bzduchova) Ethiopia Report Tue, 08 Apr 2014 09:55:31 +0000 High quality metal works from Ethiopia: Pasqua Giuseppe https://marcopolis.net/high-quality-metal-works-from-ethiopia-pasqua-giuseppe.htm https://marcopolis.net/high-quality-metal-works-from-ethiopia-pasqua-giuseppe.htm
Pasqua Giuseppe has received a number of quality certifications for its high quality metal works that it has been supplying to the Ethiopian market for almost 50 years.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 08 Apr 2014 08:55:33 +0000 Pasqua Guiseppe Ethiopia: About https://marcopolis.net/pasqua-guiseppe-ethiopia-about.htm https://marcopolis.net/pasqua-guiseppe-ethiopia-about.htm
Pasqua Giuseppe, a manufacturer of quality aluminum and metal works in Ethiopia, was established in 1965 by the father of Mrs Sonia Pasqua, the managing director of the company.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 08 Apr 2014 08:53:04 +0000 Ethiopia’s Enat Bank aspires to be the leader in quality customer services https://marcopolis.net/ethiopias-enat-bank-aspires-to-be-the-leader-in-quality-customer-services.htm https://marcopolis.net/ethiopias-enat-bank-aspires-to-be-the-leader-in-quality-customer-services.htm
"We aspire to be leading in terms of quality customer services," says Meaza Ashenafi, the chairperson of Enat Bank.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 04 Apr 2014 13:27:25 +0000 Enat Bank: The story of a unique bank which wants to help Ethiopian women—and not only them https://marcopolis.net/enat-bank-the-story-of-a-unique-bank-which-wants-to-help-ethiopia-womenand-not-only-them.htm https://marcopolis.net/enat-bank-the-story-of-a-unique-bank-which-wants-to-help-ethiopia-womenand-not-only-them.htm
"When we came up with this idea, many people thought it was a joke because when people think of women and banking, they usually think in terms of micro-finance. But here, we wanted to change the narrative; we wanted to change the story about women and finance, and women and economic empowerment," explains Meaza Ashenafi, the chairperson of Enat Bank.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 04 Apr 2014 13:20:49 +0000 Geo-certification of Ethiopian coffee https://marcopolis.net/geo-certification-of-ethiopian-coffee.htm https://marcopolis.net/geo-certification-of-ethiopian-coffee.htm
"One of the drawbacks that a lot of the buyers complained about was that there wasn’t traceability in the commodity exchange system," notes Michael Mamo, managing director of Addis Exporter.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 04 Apr 2014 12:36:21 +0000 Coffee industry in Ethiopia: 2014 will be very challenging for Ethiopian coffee exporters https://marcopolis.net/coffee-industry-in-ethiopia-2014-will-be-very-challenging-for-ethiopian-coffee-exporters.htm https://marcopolis.net/coffee-industry-in-ethiopia-2014-will-be-very-challenging-for-ethiopian-coffee-exporters.htm
Ethiopian coffee industry experienced a good growth during the past three years. However, "for 2014, it is going to be a very challenging year because the international market price has dropped dramatically and our local market situation is still very difficult," notes Michael Mamo, managing director of Addis Exporter.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 04 Apr 2014 12:28:53 +0000 Ethiopia is the place for your prosperous business in Africa, advises a successful Ethiopian businesswoman Martha Adugna https://marcopolis.net/ethiopia-is-the-place-for-your-prosperous-business-in-africa-advises-a-successful-ethiopian-businesswoman-martha-adugna.htm https://marcopolis.net/ethiopia-is-the-place-for-your-prosperous-business-in-africa-advises-a-successful-ethiopian-businesswoman-martha-adugna.htm
"I do believe it’s a wonderful place to start businesses. A lot of times we overlook the African countries, Ethiopia in particular, and think they are inaccessible or not entirely convenient for business but I do believe otherwise," says Martha Adugna, owner and general manager of Residence Suite Hotel.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Thu, 03 Apr 2014 14:10:32 +0000 Suitable location for business travelers to Addis Ababa meetings and conferences: Residence Suite Hotel https://marcopolis.net/suitable-location-for-business-travelers-to-addis-ababa-meetings-and-conferences-residence-suite-hotel.htm https://marcopolis.net/suitable-location-for-business-travelers-to-addis-ababa-meetings-and-conferences-residence-suite-hotel.htm
"The business tourism in Ethiopia, and especially in Addis Ababa, has been growing very quickly over the last ten years. It has progressed and has changed its direction quite often and in a way to target different interests," says Martha Adugna, owner and general manager of Residence Suite Hotel.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Thu, 03 Apr 2014 14:01:16 +0000 Reaching full hotel occupancy four months after opening – Residence Suite Hotel Addis Ababa https://marcopolis.net/reaching-full-hotel-occupancy-four-months-after-opening-residence-suite-hotel-addis-ababa.htm https://marcopolis.net/reaching-full-hotel-occupancy-four-months-after-opening-residence-suite-hotel-addis-ababa.htm
Residence Suite Hotel reached full occupancy in four months after opening in May 2013.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Thu, 03 Apr 2014 13:28:29 +0000 Spacious luxury rooms for long-staying visitors to Addis Ababa | Residence Suite Hotel https://marcopolis.net/spacious-luxury-rooms-for-long-staying-visitors-to-addis-ababa-residence-suite-hotel.htm https://marcopolis.net/spacious-luxury-rooms-for-long-staying-visitors-to-addis-ababa-residence-suite-hotel.htm
"We only have 19 rooms which are favored by many visitors due to very private surroundings, and we specifically target long-staying guests which is why we made the rooms very spacious," says Martha Adugna, owner and general manager of Residence Suite Hotel.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Thu, 03 Apr 2014 13:09:15 +0000 Abeba Tesfaye: “Everybody in Ethiopia can be a winner” https://marcopolis.net/abeba-tesfaye-everybody-in-ethiopia-can-be-a-winner.htm https://marcopolis.net/abeba-tesfaye-everybody-in-ethiopia-can-be-a-winner.htm
"Our former Prime Minister Meles Zenawi planted within everybody the idea that everybody can be a winner and everybody can do what they want. The current youth are very lucky; the future lies in their hands and they can do what they want and so their future is promising," claims Abeba Tesfaye, the managing directress of MOAB Plc. and GIRUM Food Complex.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 01 Apr 2014 12:54:21 +0000 Marble industry in Ethiopia: New technology would make marble the next top export product https://marcopolis.net/marble-industry-in-ethiopia-new-technology-would-make-marble-the-next-top-export-product.htm https://marcopolis.net/marble-industry-in-ethiopia-new-technology-would-make-marble-the-next-top-export-product.htm
"The technology is a little backward and we are not efficient enough but the demand is very, very high. In this case we are looking for partners. It is a very profitable business," explains Abeba Tesfaye, the managing directress of MOAB Plc. and GIRUM Food Complex.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 01 Apr 2014 12:49:34 +0000 MOAB Plc to diversify by producing nutritious products, says Abeba Tesfaye, a successful Ethiopian businesswoman https://marcopolis.net/moab-plc-to-diversify-by-producing-nutritious-products-says-abeba-tesfaye-a-successful-ethiopian-businesswoman.htm https://marcopolis.net/moab-plc-to-diversify-by-producing-nutritious-products-says-abeba-tesfaye-a-successful-ethiopian-businesswoman.htm
MOAB Private Limited Company was established in 1994 by Mrs Abeba Tesfaye and her husband.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 01 Apr 2014 12:11:05 +0000 Securing reliable air transport services for Ethiopia and its visitors | Ethiopian Civil Aviation Authority https://marcopolis.net/securing-reliable-air-transport-services-for-ethiopia-and-its-visitors-ethiopian-civil-aviation-authority.htm https://marcopolis.net/securing-reliable-air-transport-services-for-ethiopia-and-its-visitors-ethiopian-civil-aviation-authority.htm
"The Ethiopian Civil Aviation Authority has a history of over 50 years. It is one of the oldest civil aviation authorities in Africa," notes Colonel Wosenyelh Hunegnaw, Director General of Ethiopian Civil Aviation Authority.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 01 Apr 2014 10:09:19 +0000 One-stop center for investors in Ethiopia by Ethiopian Investment Agency https://marcopolis.net/one-stop-center-for-investors-in-ethiopia-by-ethiopian-investment-agency.htm https://marcopolis.net/one-stop-center-for-investors-in-ethiopia-by-ethiopian-investment-agency.htm
Ethiopian Investment Agency is working hard to become a one-stop investment center for investors in Ethiopia. It has already started providing about 29 services.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 01 Apr 2014 09:02:51 +0000 Ethiopian Investment Agency: “Our goal is to create a very competitive investment policy for Ethiopia” https://marcopolis.net/ethiopian-investment-agency-our-goal-is-to-create-a-very-competitive-investment-policy-for-ethiopia.htm https://marcopolis.net/ethiopian-investment-agency-our-goal-is-to-create-a-very-competitive-investment-policy-for-ethiopia.htm
"The policy has been reviewed many times to suit the requests of different investors," explains Fitsum Arega, Director General of Ethiopian Investment Agency.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 01 Apr 2014 07:18:41 +0000 Ethiopia’s agriculture: Analysis of agriculture production and its trends in Ethiopia https://marcopolis.net/ethiopias-agriculture-in-2014-analysis-of-agriculture-production-and-its-trends-in-ethiopia.htm https://marcopolis.net/ethiopias-agriculture-in-2014-analysis-of-agriculture-production-and-its-trends-in-ethiopia.htm Ethiopia’s agriculture in 2014: Analysis of agriculture production and its trends in Ethiopia


Ethiopia Sector Analysis
Ethiopia’s agriculture: Analysis of agriculture production and its trends in Ethiopia

In Ethiopia, where over 82% of the total population lives in rural areas, agriculture is the major means of earning a living. Taking about 43% of the country’s overall GDP, agriculture has been leading Ethiopian economy for years.

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]]> editor3@marcopolis.net (Ben Novak) Ethiopia Report Wed, 26 Mar 2014 09:03:59 +0000 Pasqua Giuseppe: 50 years of quality aluminum and metal works for Ethiopian market https://marcopolis.net/pasqua-giuseppe-50-years-of-quality-aluminum-and-metal-works-for-ethiopian-market.htm https://marcopolis.net/pasqua-giuseppe-50-years-of-quality-aluminum-and-metal-works-for-ethiopian-market.htm Sonia Pasqua, General Manager of Pasqua Giuseppe

Sonia Pasqua, General Manager of Pasqua Giuseppe

Pasqua Giuseppe will be celebrating its 50th anniversary next year. Its segment is the metalwork; it manufactures aluminum and steel products and components. The company constructs everything from the canopy to the tankers underground. Pasqua was the first company in 2000 to receive the quality certification for the production of oil tankers and it has so far received multiple quality certifications from international giants like Shell and Total.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 25 Mar 2014 16:20:19 +0000 Top Travel Companies in Ethiopia https://marcopolis.net/top-travel-companies-in-ethiopia.htm https://marcopolis.net/top-travel-companies-in-ethiopia.htm

Top Travel Companies in Ethiopia Top Travel Companies in Ethiopia

In Ethiopia, where tourism potential is immense, there about 370 tour and travel agencies, some of them mainly involved in car rentals. The following travel companies are the top travel companies in Ethiopia in terms of the number of tourists they attracted to Ethiopia and the total amount of money they earned. The ranking was devised with respect to a recent report compiled by the Ministry of Culture and Tourism for the 2012/13 fiscal year. Even though the ranking remains subjected to fluctuations, the list of the top travel companies in Ethiopia will always include Green Land Tours & Hotels, Jacaranda Tours, Grant Express Travel and Tours Services and Travel Ethiopia. Green Land Tours & Hotels ranks as the best travel company given their history and experience in the tourism industry in Ethiopia.

 Green Land Tours & Hotels – the top travel company in Ethiopia

The top travel company in Ethiopia—Green Land Tours & Hotels— is present not only in Ethiopia but also in neighboring countries such as Tanzania, Kenya, Sudan and Djibouti. The top travel company in Ethiopia managed to attract 1,225 tourists to Ethiopia during the 2012/13 fiscal year. Green Land Tours & Hotels owns its own hotels in the southern part of Ethiopia and was able to collect about 3.6 million USD and 47,140 Euro during the last fiscal year.

 Jacaranda Tours

Jacaranda Tours ranks second in terms of the number of tourists it was able to attract during the 2012/13 fiscal year (about 1,700 tourists). When it comes to the revenue it earned throughout the same period, Jacaranda Tours was surpassed by Green Land Tours & Hotels by a large margin; Jacaranda earned 1.8 million USD.

 Grant Express Travel and Tours Services

According to the report by the Ministry of Culture and Tourism, Grant Express Travel and Tours Services attracted 2,050 tourists to Ethiopia in the 2012/13 year and collected a revenue of roughly 1.6 million USD and 75,959 Euro.

 Travel Ethiopia

Travel Ethiopia is run by experienced professionals like Samrawit Moges, a woman who had been working for the sole tour and travel agency in Ethiopia (state-owned) during the military socialist Dergue regime. Travel Ethiopia attracted 1,342 tourists in the 2012/13 fiscal year and earned a total of 1.6 million USD during the same period.

]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 25 Mar 2014 15:36:27 +0000 Top Real Estate Companies in Ethiopia https://marcopolis.net/top-real-estate-companies-in-ethiopia.htm https://marcopolis.net/top-real-estate-companies-in-ethiopia.htm

Top Real Estate Companies in Ethiopia Top Real Estate Companies in Ethiopia

Following the high demand for the housing and the rise of the middle class in Ethiopia, the real estate sector is now flourishing more than ever. During the last decade, more than 200 new real estate developers have emerged. The following real estate players represent the top real estate companies in Ethiopia, among them GIFT Real Estate and Flintstone Engineering, two well-known and well-established real estate companies in the country.

 GIFT Real Estate

GIFT Real Estate has been present in the real estate market for a decade and has established itself as one of the most popular real estate developers in the country. GIFT Real Estate is currently working on a project in the east of Addis where the company is building villa houses, townhouses and apartment houses for their clients.

 Flintstone Engineering

Flintstone Engineering has been involved in the construction sector in Ethiopia since 1991 and recently joined the real estate sector (Flintstone Homes). Within those five years Flintstone Engineering grew into one of the top real estate developers in Ethiopia.

 Ayat Real Estate

Ayat Real Estate is another key real estate developers in Addis Ababa. There is an area in Addis called Ayat following the development of a large number of real estate properties in that specific area.

 Habitat Real Estate

Habitat Real Estate was the first one to introduce real estate development in Ethiopia, when it receiving a large plot of land during the socialist regime of Dergue.

]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 25 Mar 2014 15:28:17 +0000 Key Ministries in Ethiopia https://marcopolis.net/key-ministries-in-ethiopia.htm https://marcopolis.net/key-ministries-in-ethiopia.htm

Key Ministries in Ethiopia

 Ministry of Foreign Affairs

 Ministry of Culture and Tourism

 Ministry of Communication and Information Technology

 Ministry of Finance and Economic Development

 Ministry of Trade

 Ministry of Industry

 Ministry of Agriculture

 Ministry of Health

 Ministry of Education

 Ministry of Mines

 Ministry of Water and Energy

 Ministry of Women’s, Children and Youth Affairs

 Ministry of Labor and Social Affairs

 Ministry of Justice

 Ministry of Federal Affairs

 Ministry of Defense

 Ministry of Civil Service

 Ministry of Transport

]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 25 Mar 2014 15:16:28 +0000 Best Hotels in Ethiopia https://marcopolis.net/best-hotels-in-ethiopia.htm https://marcopolis.net/best-hotels-in-ethiopia.htm

Best Hotels in Ethiopia Best Hotels in Ethiopia

The hospitality industry in Ethiopia is indeed flourishing even though it remains to be labelled as 'infant' when compared to the huge demand that emanates from the fact that Ethiopia—and especially its capital Addis Ababa—is progressively becoming a hub for (political and economic) conferences and meetings in Africa.

We have put down a list of the best companies in the hospitality / hotel industry in Ethiopia. The first two best hotels in our best hotels list could be labelled as newcomers while Hilton Addis has already been in business for almost half-century.

The best hotels in Ethiopia include Intercontinental Addis, Residence Suite Hotel, Radisson Blu, Hilton Addis and Sheraton Addis.

 Intercontinental Addis Hotel

Intercontinental Addis Hotel has joined the network of hotels in Addis Ababa only two years ago and it is one of the few five star hotels in the country. Intercontinental Addis Hotel is currently expanding its base in Addis and will be soon opening new branches in other parts of Ethiopia.

 Residence Suite Hotel

Residence Suite Hotel is a very new addition to Addis hotels as it only opened in May 2013. Residence Suite nevertheless became one of the best and most popular places to stay in Addis Ababa and is very valued for its high quality services. The hotel offers luxury accommodation in spacious suites, and therefore is suitable for both short-term and long-term staying guests.

 Hilton Addis

 Sheraton Addis

 Radisson Blu Hotel, Addis Ababa

]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 25 Mar 2014 15:04:17 +0000 Top Construction Companies in Ethiopia https://marcopolis.net/top-construction-companies-in-ethiopia.htm https://marcopolis.net/top-construction-companies-in-ethiopia.htm

Top Construction Companies in Ethiopia Top Construction Companies in Ethiopia

The construction sector in Ethiopia is certainly booming following the huge public investment. A number of privately owned construction companies have emerged as a result. The following list summarizes the top construction companies in Ethiopia, which are involved directly in construction and engineering and usually offer multi-disciplinary services. Among the leading construction companies are MIDROC Ethiopia Construction, Sunshine Construction, Saba Engineering and Flintstone Engineering. We have also included the top provider of construction machinery in Ethiopia—Baraton Trade.

 MIDROC Ethiopia Construction

MIDROC Ethiopia Construction is a MIDROC Group affiliate and represents one of the largest construction companies in Ethiopia. MIDROC Ethiopia Construction was established in 1993 with a total investment of 500 million Birr. Ever since its inception, the company has been engaged in a wide range of construction activities, including the construction of Sheraton Addis Hotel, African Union Conference Hall & Office Complex, Ethiopian Airlines Cargo Terminal and others.

Sunshine Construction

 Saba Engineering

Being present in the construction sector in Ethiopia for about two decades, Saba Engineering is now participating in huge projects inside the country and the company also works in the neighboring countries such as Kenya and South Sudan. Saba Engineering offers multi-disciplinary engineering services and is mainly known for its water drilling services as well as its involvement in huge public projects, e.g. the Ethiopian Grand Renaissance Dam.

 Flintstone Engineering

Top Provider of Construction Machinery in Ethiopia

 Baraton Trade

In addition to the construction companies above, there are some companies which are limited to supplying construction machinery such as bulldozers, excavators, mixer trucks, etc. Baraton Trade is at the forefront in this particular area of construction business. Baraton Trade is an agent for Furukawa, a provider of drilling machinery from Japan. The company is the top provider of construction machinery not only in Ethiopia but also in other states in East Africa.

]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 25 Mar 2014 14:52:05 +0000 Top Conference Centers in Ethiopia https://marcopolis.net/top-conference-centers-in-ethiopia.htm https://marcopolis.net/top-conference-centers-in-ethiopia.htm

Top Conference Centers in Ethiopia Top Conference Centers in Ethiopia

Ethiopia is gradually becoming a political hub for Africa and the current supply of conference services is relatively inadequate when compared to the huge demand. For the time being the number of conference centers remains rather limited. The top conference centers in Ethiopia are the United Nations Conference Center, the African Union Conference Center and Office Complex and the Addis Ababa International Convention and Exhibition Center. All of them offer services for local, regional and international conferences and meetings.

 United Nations Conference Center

 African Union Conference Center

 Addis Ababa International Convention and Exhibition Center

]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 25 Mar 2014 14:38:12 +0000 Top Coffee Exporters in Ethiopia https://marcopolis.net/top-coffee-exporters-in-ethiopia.htm https://marcopolis.net/top-coffee-exporters-in-ethiopia.htm

Top Coffee Exporters in Ethiopia Top Coffee Exporters in Ethiopia

Taking the lion's share in the export commodities, coffee is Ethiopia's flagship export product. There are over hundred coffee exporters present in the market. The following are some of the top coffee exporters in Ethiopia. The list has been drafted according to the export performance (by volume and revenue) in the 2012/13 fiscal year, when Ethiopia exported its coffee to more than 40 countries worldwide. Among the top coffee exporters in Ethiopia are Horra Trading, Aleta Land Coffee and Addis Exporter.

 Horra Trading

Horra Trading is currently one of the largest coffee exporters in Ethiopia. Exporting 18,447 tons of coffee, Horra Trading earned 57,719 USD in the last fiscal year (2012/13).

 Oromia Coffee Farmers Cooperative Union

Oromia Coffee Farmers Cooperative Union is also at the forefront of coffee export. In the 2012/13 fiscal year it exported 6,673 tons of coffee and earned 39,940 USD.

 Aleta Land Coffee

 Addis Exporter

 Mullege Coffee Exporters

]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 25 Mar 2014 14:34:58 +0000 Minister of Mines: "The new potential resources available in Ethiopia include potash, platinum, chromium and nickel" https://marcopolis.net/minister-of-mines-qthe-new-potential-resources-available-in-ethiopia-include-potash-platinum-chromium-and-nickelq.htm https://marcopolis.net/minister-of-mines-qthe-new-potential-resources-available-in-ethiopia-include-potash-platinum-chromium-and-nickelq.htm H.E. Tolesa Shagi, Minister of Mines

H.E. Tolesa Shagi, Minister of Mines

The Minister of Mines of Ethiopia discusses the new potential resources available in Ethiopia. 2014 should introduce potash and there are also intensive exploration undergoing for oil and gas. Apart from gold, "We have copper, zinc and lead, which we call base metals commonly associated with gold deposits. Recently we have identified great potential in these resources here in Ethiopia. There will also be platinum, chromium and nickel; we haven’t yet identified the deposits but the indication and potential is there," states the Minister.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 21 Mar 2014 11:20:58 +0000 Exclusive interview with the State Minister of Culture and Tourism of Ethiopia, H.E. Tadelech Dalacho Dando https://marcopolis.net/exclusive-interview-with-the-state-minister-of-culture-and-tourism-of-ethiopia-he-tadelech-dalacho-dando.htm https://marcopolis.net/exclusive-interview-with-the-state-minister-of-culture-and-tourism-of-ethiopia-he-tadelech-dalacho-dando.htm H.E. Tadelech Dalacho Dando, State Minister of Culture and Tourism

H.E. Tadelech Dalacho Dando, State Minister of Culture and Tourism

Ethiopia is unique in terms of its tourist attractions. There is a combination of all types of attractions here; natural, cultural and historical.
The vision of the Ministry of Culture and Tourism in Ethiopia is to make it one of the top 5 tourist destinations in Africa by 2020, and the government together with the private sector is currently working hard to accomplish this dream.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Thu, 20 Mar 2014 11:26:49 +0000 Politics in Ethiopia | Ethiopian federalism and 2015 national elections https://marcopolis.net/politics-in-ethiopia-ethiopian-federalism-and-2015-national-elections.htm https://marcopolis.net/politics-in-ethiopia-ethiopian-federalism-and-2015-national-elections.htm Politics in Ethiopia | Ethiopian federalism and 2015 national elections



Ethiopia Top Stories

Politics in Ethiopia | Ethiopian federalism and 2015 national elections

The current administration of Ethiopia came to power in 1991 and it introduced a federal system and has drafted a constitution that aims to provide all citizens with full democratic rights. The constitution also allows for a multi-party system.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 18 Mar 2014 13:08:33 +0000 Ethiopia will be soon one of the leading economies in Africa, claims UN Conference Center Chief https://marcopolis.net/ethiopia-will-be-soon-one-of-the-leading-economies-in-africa-claims-un-conference-center-chief.htm https://marcopolis.net/ethiopia-will-be-soon-one-of-the-leading-economies-in-africa-claims-un-conference-center-chief.htm
Gerard Hounkponou, Chief of the UN Conference Centre, Conference Coordination Unit, Conference Services Section, believes Ethiopia will become one of the leading economies in Africa.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 18 Mar 2014 10:51:41 +0000 The hub for conferences and meetings in Ethiopia: United Nations Conference Center Addis Ababa https://marcopolis.net/the-hub-for-conferences-and-meetings-in-ethiopia-united-nations-conference-center-addis-ababa.htm https://marcopolis.net/the-hub-for-conferences-and-meetings-in-ethiopia-united-nations-conference-center-addis-ababa.htm
The UN Conference Centre in Addis Ababa was built some twelve years ago following the decision of the General Assembly of the United Nations.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 18 Mar 2014 10:12:39 +0000 Technostyle, leading importer of furniture in Ethiopia, to use 60% local materials for manufacturing https://marcopolis.net/technostyle-leading-importer-of-furniture-in-ethiopia-to-use-60-local-materials-for-manufacturing.htm https://marcopolis.net/technostyle-leading-importer-of-furniture-in-ethiopia-to-use-60-local-materials-for-manufacturing.htm
Technostyle has been importing office furniture for the last 15 years. Now it is about to start manufacturing locally.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 14 Mar 2014 14:52:34 +0000 It’s high time for foreign real estate developers to come to Ethiopia, says GIFT Real Estate https://marcopolis.net/its-high-time-for-foreign-real-estate-developers-to-come-to-ethiopia-says-gift-real-estate.htm https://marcopolis.net/its-high-time-for-foreign-real-estate-developers-to-come-to-ethiopia-says-gift-real-estate.htm
Gebreyesus Igata from GIFT Real Estate claims it is high time for investors to come and take part on the real estate developments in Ethiopia; the demand is there.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 14 Mar 2014 14:49:58 +0000 GIFT Real Estate: Real estate developments in eastern Addis Ababa https://marcopolis.net/gift-real-estate-real-estate-developments-in-eastern-addis-ababa.htm https://marcopolis.net/gift-real-estate-real-estate-developments-in-eastern-addis-ababa.htm
70% of the land acquired by GIFT Real Estate in eastern Addis Ababa is already developped.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 14 Mar 2014 14:38:31 +0000 High quality cement with low price: Derba MIDROC Cement Ethiopia https://marcopolis.net/high-quality-cement-with-low-price-derba-midroc-cement-ethiopia.htm https://marcopolis.net/high-quality-cement-with-low-price-derba-midroc-cement-ethiopia.htm
Derba MIDROC Cement has about 52% share of the cement market in Ethiopia.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 14 Mar 2014 13:41:50 +0000 Derba MIDROC Cement: History of the leading cement producer in Ethiopia https://marcopolis.net/derba-midroc-cement-history-of-the-leading-cement-producer-in-ethiopia.htm https://marcopolis.net/derba-midroc-cement-history-of-the-leading-cement-producer-in-ethiopia.htm
"We did a study seven years ago in which we showed the increase in demand was 30 to 35%, so we wanted to participate in this area," recalls Haile Assegide, Executive Director of Derba MIDROC Cement.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 14 Mar 2014 13:37:16 +0000 Travel Ethiopia’s vision: Branching out to attract more tourists to Ethiopia https://marcopolis.net/travel-ethiopias-vision-branching-out-to-attract-more-tourists-to-ethiopia.htm https://marcopolis.net/travel-ethiopias-vision-branching-out-to-attract-more-tourists-to-ethiopia.htm
Travel Ethiopia wants to branch out and be present in various regions of the countries thereby addressing the needs of the ever increasing number of tourists in Ethiopia.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 14 Mar 2014 13:27:52 +0000 Visiting Ethiopia is not a one-time trip, claims Travel Ethiopia https://marcopolis.net/visiting-ethiopia-is-not-a-one-time-trip-claims-travel-ethiopia.htm https://marcopolis.net/visiting-ethiopia-is-not-a-one-time-trip-claims-travel-ethiopia.htm
"Ethiopia is a very large country and it is not a one-time trip. We have clients who come four or five times," says Samrawit Moges, managing director of Travel Ethiopia.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 14 Mar 2014 13:16:34 +0000 Ethiopia has a huge potential for growing rubber commercially, says Horizon Addis Tyre Company https://marcopolis.net/ethiopia-has-a-huge-potential-for-growing-rubber-commercially-says-horizon-addis-tyre-company.htm https://marcopolis.net/ethiopia-has-a-huge-potential-for-growing-rubber-commercially-says-horizon-addis-tyre-company.htm
Ethiopia has a huge potential for rubber but commercial production hasn't started yet.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 14 Mar 2014 13:09:22 +0000 History of Horizon Addis Tyre, the only tyre factory in Ethiopia https://marcopolis.net/history-of-horizon-addis-tyre-the-only-tyre-factory-in-ethiopia.htm https://marcopolis.net/history-of-horizon-addis-tyre-the-only-tyre-factory-in-ethiopia.htm
Horizon Addis Tyre factory was set up 40 years ago with the support of the Ethiopian government.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 14 Mar 2014 13:02:06 +0000 Ethiopian Industry: Will Ethiopia achieve the industry GTP targets on time? https://marcopolis.net/ethiopian-industry-will-ethiopia-achieve-the-industry-gtp-targets-on-time.htm https://marcopolis.net/ethiopian-industry-will-ethiopia-achieve-the-industry-gtp-targets-on-time.htm Ethiopian Industry: Will Ethiopia achieve the industry GTP targets on time?


Ethiopia Sector Analysis
Ethiopian Industry: Will Ethiopia achieve the industry GTP targets on time?

To increase the domestic supply the government has been trying to address the problems by encouraging and supporting investors involved in the following industries: textile, leather, sugar, cement, metal, chemical, pharmaceutical and agro-processing industries.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 14 Mar 2014 09:03:31 +0000 Infrastructure development in Ethiopia: Building Ethiopia’s infrastructure with billions of birr https://marcopolis.net/infrastructure-development-in-ethiopia-building-ethiopias-infrastructure-with-billions-of-birr.htm https://marcopolis.net/infrastructure-development-in-ethiopia-building-ethiopias-infrastructure-with-billions-of-birr.htm Infrastructure development in Ethiopia: Building Ethiopia’s infrastructure with billions of birr


Ethiopia Sector Analysis
Infrastructure development in Ethiopia: Building Ethiopia’s infrastructure with billions of birr

Ethiopia’s commitment to improve the state of its infrastructure is already showing its serious character. Transport, electricity (power), telecom and construction of educational as well as health centers have been at the forefront of improvement.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Thu, 13 Mar 2014 12:14:45 +0000 Tourism industry in Ethiopia | Tourism potential is immense, performance lagging behind https://marcopolis.net/tourism-industry-in-ethiopia-tourism-potential-is-immense-performance-lagging-behind.htm https://marcopolis.net/tourism-industry-in-ethiopia-tourism-potential-is-immense-performance-lagging-behind.htm Tourism industry in Ethiopia | Tourism potential is immense, performance lagging behind


Ethiopia Top Stories
Tourism industry in Ethiopia | Tourism potential is immense, performance lagging behind

“What makes Ethiopia different from the neighboring countries like Kenya, Tanzania and Uganda is that our attractions are not just nature and wildlife, but they are much diversified. We have culture, history, nature and scientific tours,” claims Samrawit Moges, managing director of Travel Ethiopia.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Mon, 03 Mar 2014 05:21:16 +0000 The best tour operator in Ethiopia: Green Land Tours & Hotels https://marcopolis.net/the-best-tour-operator-in-ethiopia-green-land-tours-a-hotels.htm https://marcopolis.net/the-best-tour-operator-in-ethiopia-green-land-tours-a-hotels.htm The best tour operator in Ethiopia: Green Land Tours & Hotels

Receiving the MoCT's "best performers award" 3 times, Green Land Tours & Hotels developed into the best tour operator in Ethiopia, benefiting from more than 16 years of experience. It has been able to attract more tourists than any tour operator in the country.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Fri, 28 Feb 2014 06:48:17 +0000 Foreign direct investments flows to Ethiopia | Why should foreign investors direct their investments to Ethiopia? https://marcopolis.net/foreign-direct-investments-flows-to-ethiopia-why-should-foreign-investors-direct-their-investments-to-ethiopia.htm https://marcopolis.net/foreign-direct-investments-flows-to-ethiopia-why-should-foreign-investors-direct-their-investments-to-ethiopia.htm Foreign direct investments flows to Ethiopia | Why should foreign investors direct their investments to Ethiopia?


Ethiopia Top Stories
Foreign direct investments flows to Ethiopia | Why should foreign investors direct their investments to Ethiopia?

Ethiopia ranks 7th out of all African countries in terms of the ease of doing business. What kind of incentives does the country offer to foreign investors and which sectors are the most attractive for FDI?

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Wed, 26 Feb 2014 05:56:00 +0000 Aleta Land Coffee's facilities and green business in Ethiopia https://marcopolis.net/aleta-land-coffees-facilities-and-green-business-in-ethiopia.htm https://marcopolis.net/aleta-land-coffees-facilities-and-green-business-in-ethiopia.htm
"We have the warehouses and we have the facilities to supply the coffee on time at the best quality and competitive prices. All of these factors make us one of the leading coffee exporters in Ethiopia," explains Belayneh Mesenbet, Deputy Manager of Aleta Land Coffee.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 25 Feb 2014 15:03:58 +0000 Aleta Land Coffee: An organic coffee exporter from Ethiopia https://marcopolis.net/aleta-land-coffee-an-organic-coffee-exporter-from-ethiopia.htm https://marcopolis.net/aleta-land-coffee-an-organic-coffee-exporter-from-ethiopia.htm
Ever since its inception Aleta Land Coffee has been exporting organic coffee from Ethiopia to many parts of the world, including the US, Europe, Middle East and Asia (Japan).

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Tue, 25 Feb 2014 14:43:35 +0000 Baraton Trade Ethiopia: Infrastructure projects today, mining tomorrow https://marcopolis.net/baraton-trade-ethiopia-infrastructure-projects-today-mining-tomorrow.htm https://marcopolis.net/baraton-trade-ethiopia-infrastructure-projects-today-mining-tomorrow.htm
Baraton Trade wants to primarily focus on building infrastructure before they start thinking about entering the mining industry in Ethiopia.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Mon, 24 Feb 2014 17:10:42 +0000 Baraton Trade: Participating in infrastructure projects in Ethiopia https://marcopolis.net/baraton-trade-participating-in-infrastructure-projects-in-ethiopia.htm https://marcopolis.net/baraton-trade-participating-in-infrastructure-projects-in-ethiopia.htm
"We started 6 years ago with a capital of roughly 500,000 US dollars," says Aboma Taye, managing director of Baraton Trade. The company has grown at least ten times that since then.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Mon, 24 Feb 2014 16:56:48 +0000 Construction sector in Ethiopia: Overview and outlook for 2014 by Flintstone Engineering https://marcopolis.net/construction-sector-in-ethiopia-overview-and-outlook-for-2014-by-flintstone-engineering.htm https://marcopolis.net/construction-sector-in-ethiopia-overview-and-outlook-for-2014-by-flintstone-engineering.htm
"When I started Flintstone in 1991, there was a change of government in Ethiopia from a military government and it was a whole different market for construction," recalls Tsedeke Yihune, owner of Flintstone Engineering.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Mon, 24 Feb 2014 13:10:03 +0000 One of the largest and most successful construction companies in Ethiopia: Flintstone Engineering https://marcopolis.net/one-of-the-largest-and-most-successful-construction-companies-in-ethiopia-flintstone-engineering.htm https://marcopolis.net/one-of-the-largest-and-most-successful-construction-companies-in-ethiopia-flintstone-engineering.htm
"Flintstone has been in the business of engineering for construction for the last 22 years," notes Tsedeke Yihune, owner of Flintstone Engineering. The company has only moved into the real estate sector about 5 years ago.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Mon, 24 Feb 2014 13:00:22 +0000 MIDROC Group: Value of investment in Ethiopia, growth and vision https://marcopolis.net/midroc-group-value-of-investment-in-ethiopia-growth-and-vision.htm https://marcopolis.net/midroc-group-value-of-investment-in-ethiopia-growth-and-vision.htm
"In the next twenty years, there is a national goal of getting to be a middle income country. We want MIDROC to play the leading role when we reach that goal," reveals Jemal Ahmed, Chairman of Horizon Company.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Sun, 23 Feb 2014 08:19:28 +0000 Business climate in Ethiopia: Competition to increase in 2014 -- MIDROC Group https://marcopolis.net/business-climate-in-ethiopia-competition-to-increase-in-2014-midroc-group.htm https://marcopolis.net/business-climate-in-ethiopia-competition-to-increase-in-2014-midroc-group.htm
"The Ethiopian economy has started from scratch. Twenty years ago in Ethiopia, private company owners were not allowed to have more than 500,000 Ethiopian birr legally," explains Jemal Ahmed, Chairman of Horizon Company.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Sun, 23 Feb 2014 08:11:04 +0000 Gold mining in Ethiopia: Final feasibility study of gold in Metekel to be completed in 2014 https://marcopolis.net/gold-mining-in-ethiopia-final-feasibility-study-of-gold-in-metekel-to-be-completed-in-2014.htm https://marcopolis.net/gold-mining-in-ethiopia-final-feasibility-study-of-gold-in-metekel-to-be-completed-in-2014.htm
"The pre-feasibility study on a new gold mine at Metekel, which is located 500 km from Addis in the northern part of the country, is completed," announces Dr Arega Yirdaw, CEO of MIDROC Ethiopia Technology Group.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Sun, 23 Feb 2014 07:40:59 +0000 MIDROC Ethiopia Technology Group: History and accomplishments https://marcopolis.net/midroc-ethiopia-technology-group-history-and-accomplishments.htm https://marcopolis.net/midroc-ethiopia-technology-group-history-and-accomplishments.htm
Today, MIDROC Ethiopia Technology Group has 20 companies and is involved in different sectors including mining, agriculture, real estate, construction, manufacturing, services and education.

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]]> isslam@marcopolis.net (Isslam Moubarak) Ethiopia Report Sun, 23 Feb 2014 07:34:01 +0000 The most attractive investments in Ethiopia: Agriculture, leather and textiles https://marcopolis.net/the-most-attractive-investments-in-ethiopia-agriculture-leather-and-textiles.htm https://marcopolis.net/the-most-attractive-investments-in-ethiopia-agriculture-leather-and-textiles.htm
"The agribusiness is a top priority for the public sector as well as the leather and textile industries," said Getachew Regassa, Secretary General of Addis Ababa Chamber of Commerce.

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]]> editor@marcopolis.net (Jacques Yétérian) Ethiopia Report Fri, 21 Feb 2014 13:00:42 +0000 Invest in Ethiopia: Incentives for international investors and businesses in Ethiopia https://marcopolis.net/invest-in-ethiopia-incentives-for-international-investors-and-businesses-in-ethiopia.htm https://marcopolis.net/invest-in-ethiopia-incentives-for-international-investors-and-businesses-in-ethiopia.htm
Ethiopian government has various packages of incentives for investors who think of Ethiopia as their next investment destination.

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]]> editor@marcopolis.net (Jacques Yétérian) Ethiopia Report Fri, 21 Feb 2014 12:22:19 +0000 Ethiopia’s export commodities and export markets: Coffee, gold and fluctuating prices https://marcopolis.net/ethiopias-export-commodities-and-export-markets-coffee-gold-and-fluctuating-prices.htm https://marcopolis.net/ethiopias-export-commodities-and-export-markets-coffee-gold-and-fluctuating-prices.htm Ethiopia’s export commodities and export markets: Coffee, gold and fluctuating prices


Ethiopia Sector Analysis
Ethiopia’s export commodities and export markets: Coffee, gold and fluctuating prices

‘Export is a matter of life and death for us!’—say the government officials in Ethiopia. Ethiopia is exporting more than 1,800 commodities to over 45 countries across the globe. Led by coffee—the country’s flagship export item that accounts for about 65% of the total export—, a number of agricultural products (e.g. oil seeds) and gold have also been in the forefront of export for years.

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]]> editor@marcopolis.net (Jacques Yétérian) Ethiopia Report Fri, 21 Feb 2014 11:50:53 +0000 Robust economic growth of Ethiopia during the last decade contributed to poverty alleviation in the country https://marcopolis.net/robust-economic-growth-of-ethiopia-during-the-last-decade-contributed-to-poverty-alleviation-in-the-country.htm https://marcopolis.net/robust-economic-growth-of-ethiopia-during-the-last-decade-contributed-to-poverty-alleviation-in-the-country.htm Robust economic growth of Ethiopia during the last decade contributes to poverty alleviation in the country


Ethiopia Top Stories
Robust economic growth of Ethiopia during the last decade contributed to poverty alleviation in the country

While the economy of sub-Saharan Africa grew on average by 4.9%, Ethiopian economy registered a robust growth of 7.5% in the 2012/13 fiscal year according to the latest African economic outlook. Since the 2004/2005 fiscal year Ethiopian GDP had been steadily growing by an average of 10.6% each year according to the World Bank data. This in turn pushed the country to rank among the top fastest growing economies across the globe; led by the expansion of services followed by agriculture and manufacturing.

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]]> editor@marcopolis.net (Jacques Yétérian) Ethiopia Report Wed, 12 Feb 2014 08:52:01 +0000 Ethiopia: Striving to achieve a middle income status by 2025 https://marcopolis.net/ethiopia-striving-to-achieve-a-middle-income-status-by-2025.htm https://marcopolis.net/ethiopia-striving-to-achieve-a-middle-income-status-by-2025.htm Ethiopia: Striving to achieve a middle income status by 2025


Ethiopia Top Stories
Ethiopia: Striving to achieve a middle income status by 2025

Certain economic analysts project the country’s per capita income (currently lowest in the region) to reach up to USD 4,000 within the coming ten years. Such achievement will make Ethiopia—a country previously described as ‘the poorest country in the world’—one of the top three powerful economies on the continent.

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]]> editor@marcopolis.net (Jacques Yétérian) Ethiopia Report Tue, 11 Feb 2014 10:11:00 +0000 Technostyle, a leading importer and supplier of furniture in Ethiopia, to start manufacturing locally https://marcopolis.net/technostyle-a-leading-importer-and-supplier-of-furniture-in-ethiopia-to-start-manufacturing-locally.htm https://marcopolis.net/technostyle-a-leading-importer-and-supplier-of-furniture-in-ethiopia-to-start-manufacturing-locally.htm Amelework Ghidey, Managing Director of Technostyle

Amelework Ghidey, Managing Director of Technostyle

Being in the business for the last 15 years, Technostyle has managed to indentify its niche market and moved itself up the ladder to become the leader in the import and supply of furniture in Ethiopia. The company is also involved in interior design, offering unique turnkey interior solutions. By relying on the young returnees educated abroad, Technostyle aims to increase their productivity by 300% in the next five years. While currently importing from more than 15 international companies (Turkey, Italy, Malaysia, China, Singapore, Indonesia and America), Technostyle now wants to focus on local manufacturing by using 60% local materials from Ethiopia.

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]]> editor@marcopolis.net (Jacques Yétérian) Ethiopia Report Mon, 10 Feb 2014 10:01:47 +0000 Ethiopia banking sector analysis: Ethiopian banks at a crossroads https://marcopolis.net/ethiopia-banking-sector-analysis-ethiopian-banks-at-a-crossroads.htm https://marcopolis.net/ethiopia-banking-sector-analysis-ethiopian-banks-at-a-crossroads.htm Ethiopia banking sector analysis: Ethiopian banks at a crossroads


Ethiopia Sector Analysis
Ethiopia banking sector analysis: Ethiopian banks at a crossroads

Thanks to the firm monetary policy of the National Bank of Ethiopia (NBE), all Ethiopian banks have survived until presence and none has been experiencing symptoms suggesting possible bankruptcy. Ethiopian banks now appear more profitable and ahead of the sub-Saharan standard. Conversely, the sector has to tackle a number of challenges including Ethiopia's accession to the WTO.

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]]> editor@marcopolis.net (Jacques Yétérian) Ethiopia Report Fri, 07 Feb 2014 14:37:04 +0000 Leading the hotel industry in Addis Ababa | Intercontinental Addis Hotel https://marcopolis.net/leading-the-hotel-industry-in-addis-ababa-intercontinental-addis-hotel.htm https://marcopolis.net/leading-the-hotel-industry-in-addis-ababa-intercontinental-addis-hotel.htm Zenawi Mesfin, General Manager of Intercontinental Addis Hotel

Zenawi Mesfin, General Manager of Intercontinental Addis Hotel

Bringing the US hotel industry experience into Ethiopia, Mr Mesfin left a significant footprint in transforming Intercontinental Addis Hotel into a top quality 5 star hotel, which is currently leading the hotel industry in Addis Ababa.

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]]> editor@marcopolis.net (Jacques Yétérian) Ethiopia Report Thu, 06 Feb 2014 14:37:46 +0000 Exploring the gold mining potential of Ethiopia | MIDROC Ethiopia Technology Group https://marcopolis.net/exploring-the-gold-mining-potential-of-ethiopia-midroc-ethiopia-technology-group.htm https://marcopolis.net/exploring-the-gold-mining-potential-of-ethiopia-midroc-ethiopia-technology-group.htm Dr. Arega Yirdaw, CEO of MIDROC Ethiopia Technology Group

Dr. Arega Yirdaw, CEO of MIDROC Ethiopia Technology Group

MIDROC Ethiopia Technology Group reached more than 5 billion Birr of sales in 2013 (as oppossed to 3.5 billion Birr three years ago) and currently employs about 7,000 workers. The main factor for the group's success is the sale of gold...

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]]> editor@marcopolis.net (Jacques Yétérian) Ethiopia Report Wed, 05 Feb 2014 15:59:00 +0000 2014 will be challenging for Ethiopian coffee producers and exporters, says Addis Exporter https://marcopolis.net/2014-will-be-challenging-for-ethiopian-coffee-producers-and-exporters-says-addis-export.htm https://marcopolis.net/2014-will-be-challenging-for-ethiopian-coffee-producers-and-exporters-says-addis-export.htm Michael Mamo, Managing Director of Addis Exporter

Michael Mamo, Managing Director of Addis Exporter

"There are more investments in farming and more coffee exporters are actually getting into the coffee trade in Ethiopia. However 2014 is going to be a very challenging year because the international market price has dropped dramatically and our local market situation remains difficult. The local market price is often higher than the international and for farmers, if they don’t make money, they aren’t going to produce coffee," explains Mr Mamo.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Thu, 30 Jan 2014 14:19:20 +0000 Drilling machinery for infrastructure projects in Ethiopia and East Africa | Baraton Trade Plc. https://marcopolis.net/drilling-machinery-for-infrastructure-projects-in-ethiopia-and-east-africa-baraton-trade-plc.htm https://marcopolis.net/drilling-machinery-for-infrastructure-projects-in-ethiopia-and-east-africa-baraton-trade-plc.htm Aboma Taye, Managing Director of Baraton Trade Plc

Aboma Taye, Managing Director of Baraton Trade Plc

Baraton Trade started 6 years ago with a capital of about 500,000 US dollars and has grown by at least 10 times ever since into one of the leading suppliers of drilling machines for mostly infrastructure projects in Ethiopia, representing 6 foreign brands such as Japanese Furukawa and Airman. The aim now is to set up a solid base for these brands in the whole of East Africa.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Thu, 30 Jan 2014 12:05:10 +0000 Derba Cement: Leader of the cement industry in Ethiopia https://marcopolis.net/derba-cement-leader-of-the-cement-industry-in-ethiopia.htm https://marcopolis.net/derba-cement-leader-of-the-cement-industry-in-ethiopia.htm Haile Assegide, Executive Director of Derba Cement (Midroc Group)

Haile Assegide, Executive Director of Derba MIDROC Cement (Midroc Group Ethiopia)

Door-to-door delivery, good quality and low price -- those define Derba Cement as the leader of the cement production in Ethiopia. While the demand for the cement keeps on growing by 22-23%, Derba also wants to enter the local steel market, open a real estate company and a tiles business -- all to solve the problems they encounter on a daily basis.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Wed, 29 Jan 2014 15:05:57 +0000 Ethiopian banking market remains untapped despite fast growth, says Oromia International Bank https://marcopolis.net/ethiopian-banking-market-remains-untapped-despite-fast-growth-says-oromia-international-bank.htm https://marcopolis.net/ethiopian-banking-market-remains-untapped-despite-fast-growth-says-oromia-international-bank.htm Abie Sano Mehamed, President of Oromia International Bank

Abie Sano Mehamed, President of Oromia International Bank

While Ethiopian population reaches almost 100 million the size of the banking market lags behind and remains very small - only 19 banks.
Oromia International Bank first opened the doors on October 25, 2008 and since then the bank has experienced rapid growth; opening 26 branches in the first 8 months of operations. For the time being, Oromia International Bank remains the fastest growing bank in the history of Ethiopia.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Tue, 28 Jan 2014 12:48:31 +0000 Marble industry is a very profitable business in Ethiopia, says MOAB Plc https://marcopolis.net/marble-industry-is-a-very-profitable-business-in-ethiopia-says-moab-plc.htm https://marcopolis.net/marble-industry-is-a-very-profitable-business-in-ethiopia-says-moab-plc.htm Abeba Tesfaye, Managing Directress of MOAB PLC, GIRUM Food Complex

Abeba Tesfaye, Managing Directress of MOAB Plc, GIRUM Food Complex

MOAB Plc and Girum Food Complex want to diversify their local production and include production of other nutritious foods like supplemental foods for children, lactating mothers and rehab patients, all to substitute for imports. MOAB is also present in the marble industry in Ethiopia. To develop its marble project, the company is looking for international partners with experience and technology required for the marble processing.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Tue, 28 Jan 2014 11:01:56 +0000 Ethiopian aviation industry to meet the international aviation standards in 2014 https://marcopolis.net/ethiopian-aviation-industry-to-meet-the-international-aviation-standards-in-2014.htm https://marcopolis.net/ethiopian-aviation-industry-to-meet-the-international-aviation-standards-in-2014.htm Colonel Wosenyelh Hunegnaw, Director General of Ethiopian Civil Aviation Authority

Colonel Wosenyelh Hunegnaw, Director General of Ethiopian Civil Aviation Authority

The role of the Ethiopian Civil Aviation Authority is no different from the role of any other civil aviation authorities worldwide. The Authority regulates the airlines and aerodromes, and provides air navigation services. The plan and vision of the regulator is to meet the international aviation standards in 2014.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Tue, 28 Jan 2014 10:06:21 +0000 Developing the real estate market in Addis Ababa -- GIFT Real Estate https://marcopolis.net/developing-the-real-estate-market-in-addis-ababa-gift-real-estate.htm https://marcopolis.net/developing-the-real-estate-market-in-addis-ababa-gift-real-estate.htm Gebreyesus Igata, Owner and General Manager of Gift Real Estate Company

Gebreyesus Igata, Owner and General Manager of GIFT Real Estate Company

GIFT Real Estate Company was established 9 year ago and is currently developing 160,000 square meters of land in the eastern part of Addis Ababa. The project entails construction of villa houses, townhoses and different apartment houses. While 70% of the are has already been developed, Mr Igata expects to develop the rest within the next three years.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Tue, 28 Jan 2014 09:08:57 +0000 Ethiopian Investment Agency: One-stop investment center for investors in Ethiopia https://marcopolis.net/ethiopian-investment-agency-one-stop-investment-center-for-investors-in-ethiopia.htm https://marcopolis.net/ethiopian-investment-agency-one-stop-investment-center-for-investors-in-ethiopia.htm Fitsum Arega, Director General of Ethiopian Investment Agency

Fitsum Arega, Director General of Ethiopian Investment Agency

Ethiopian Investment Agency confirms horticulture (flowers), agriculture and manufacturing (textiles, leather) attract majority of FDI flows into Ethiopia. The Agency is currently working hard to transform itself into a one-stop investment center for investors.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Mon, 27 Jan 2014 17:57:15 +0000 Organic coffee from Ethiopia: Aleta Land Coffee https://marcopolis.net/organic-coffee-from-ethiopia-aleta-land-coffee.htm https://marcopolis.net/organic-coffee-from-ethiopia-aleta-land-coffee.htm Habtamu Silla, General Manager of Aleta Land Coffee

Habtamu Silla, General Manager of Aleta Land Coffee

"Our family has been in the coffee business for over 14 years. We have coffee washing stations, farms and sun drying coffee factories, so we really know about the coffee that we grow. Our coffee is organic and of excellent quality," asserts Mr Silla. Established in 2005, Aleta Land Coffee exports organic coffee to the US, Europe, Asia (Japan) and the Middle East.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Sat, 25 Jan 2014 12:04:30 +0000 Aleta Land Coffee: Secret behind the 30% growth https://marcopolis.net/aleta-land-coffee-secret-behind-the-30-growth.htm https://marcopolis.net/aleta-land-coffee-secret-behind-the-30-growth.htm Belayneh Mesenbet, Deputy Manager of Aleta Land Coffee

Belayneh Mesenbet, Deputy Manager of Aleta Land Coffee

"When we talk about the coffee business we also have to talk about facilities. Aleta Land Coffee started 8 years ago and we have been growing year to year by about 30%. This growth has resulted from green business and having different facilities," explains Mr Mesenbet.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Sat, 25 Jan 2014 11:39:15 +0000 Ethiopia to become one of the top travel destinations in Africa, claims Green Land Tours & Hotels https://marcopolis.net/ethiopia-to-become-one-of-the-top-travel-destinations-in-africa-claims-green-land-tours-a-hotels.htm https://marcopolis.net/ethiopia-to-become-one-of-the-top-travel-destinations-in-africa-claims-green-land-tours-a-hotels.htm Dario Morello, CEO of Green Land Tours and Hotels (Ethiopia)

Dario Morello, CEO of Green Land Tours and Hotels (Ethiopia)

"We strongly believe Ethiopia will soon become one of the top travel destinations in Africa," claims Dario Morello, the CEO of Green Land Tours & Hotels. Green Land Tours was established 16 years ago and has grown since to become the biggest tour operator in Ethiopia, covering also nearby East African states...

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Fri, 17 Jan 2014 12:40:08 +0000 Exclusive interview with Travel Ethiopia, a woman-led tour operator from Ethiopia https://marcopolis.net/exclusive-interview-with-travel-ethiopia-a-woman-led-tour-operator-from-ethiopia.htm https://marcopolis.net/exclusive-interview-with-travel-ethiopia-a-woman-led-tour-operator-from-ethiopia.htm Samrawit Moges, Managing Director of Travel Ethiopia

Samrawit Moges, Managing Director of Travel Ethiopia

"What makes us different from the neighboring countries like Kenya, Tanzania and Uganda is that our attractions are not just nature and wildlife, but they are much diversified," notes Mrs Moges. Her company Travel Ethiopia, which she established in 1994, is distinct from other tour operators because of Mrs Moges' tourism background and the company's "woman-led" character. Among others, Mrs Moges discusses the role of Travel Ethiopia and explains why she does not believe in receiving aid. For the future, Travel Ethiopia wants to branch out and open offices in the various attraction sites throughout Ethiopia.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Fri, 17 Jan 2014 11:01:13 +0000 SABA Engineering: A leading consulting and contracting company in Ethiopia https://marcopolis.net/saba-engineering-a-leading-consulting-and-contracting-company-in-ethiopia.htm https://marcopolis.net/saba-engineering-a-leading-consulting-and-contracting-company-in-ethiopia.htm Eng. Samson Bekure Tefera, Managing Director of SABA Engineering

Eng. Samson Bekure Tefera, Managing Director of SABA Engineering

Established in 1992, SABA Engineering is a consulting, contracting and manufacturing company involved in different engineering disciplines, including topography, design and testing. SABA Engineering has taken part in many projects throughout Ethiopia; in road design, road construction supervision, projects related to the Millennium Development Goals and others, thus substiantially contributing to the development of Ethiopia.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Thu, 16 Jan 2014 13:08:19 +0000 Horizon Addis Tyre Company aspires to become one of the leading tyre producers in Africa https://marcopolis.net/horizon-addis-tyre-company-aspires-to-become-one-of-the-leading-tyre-producers-in-africa.htm https://marcopolis.net/horizon-addis-tyre-company-aspires-to-become-one-of-the-leading-tyre-producers-in-africa.htm Umesh Davera, General Manager of Horizon Addis Tyre Company (Midroc Group Ethiopia)

Umesh Davera, General Manager of Horizon Addis Tyre Company (Midroc Group Ethiopia)

Ethiopia is a land-locked country and so it has to rely primarily on the road transportion. The country has undoubtedly a great potential for growing its own rubber, especially in the Bebeka area where, according to the latest research, the climate seems to be ideal for rubber plantations. Nevertheless for the time being, about 75% of tyres is being imported from abroad.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Thu, 16 Jan 2014 11:00:57 +0000 Midroc Group: Helping Ethiopia develop into a middle income country https://marcopolis.net/midroc-group-helping-ethiopia-develop-into-a-middle-income-country.htm https://marcopolis.net/midroc-group-helping-ethiopia-develop-into-a-middle-income-country.htm Jemal Ahmed, Chairman of Horizon Company (Midroc Group Ethiopia)

Jemal Ahmed, Chairman of Horizon Company (Midroc Group Ethiopia)

Midroc Group started about twenty years ago when there was no foreign investment in Ethiopia. Sheik Mohammed Al Amoudi’s committed to Ethiopia to trigger the development and create job opportunities. Midroc is today involved in numerous sectors of Ethiopian economy...

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Thu, 16 Jan 2014 09:44:24 +0000 Long-term accommodation in Addis Ababa: Residence Suite Hotel Addis Ababa https://marcopolis.net/long-term-accommodation-in-addis-ababa-residence-suite-hotel-addis-ababa.htm https://marcopolis.net/long-term-accommodation-in-addis-ababa-residence-suite-hotel-addis-ababa.htm Martha Adugna, Owner and General Manager of The Residence Suite Hotel (Addis Ababa)

Martha Adugna, Owner and General Manager of The Residence Suite Hotel (Addis Ababa)

Despite being in operation since late May 2013, the Residence Suite Hotel (Addis Ababa) reached full occupancy in just four months. This niche hotel offers both short- and long-term accommodation in its 19 spacious luxury rooms.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Thu, 16 Jan 2014 08:12:05 +0000 Ethiopia: Construction materials scarcity no longer a challenge, but there is a need for sophisticated construction materials https://marcopolis.net/ethiopia-construction-materials-scarcity-no-longer-a-challenge-but-there-is-a-need-for-sophisticated-construction-materials.htm https://marcopolis.net/ethiopia-construction-materials-scarcity-no-longer-a-challenge-but-there-is-a-need-for-sophisticated-construction-materials.htm Ethiopia: Construction materials scarcity no longer a challenge, but there is a need for sophisticated construction materials


Ethiopia Sector Analysis
Ethiopia: Construction materials scarcity no longer a challenge, but there is a need for sophisticated construction materials

The scarcity of construction materials was also among the serious challenges for the construction sector in general which also faced the real estate sub sector a few years ago. The coming of Derba Cement - the major cement supplier (52% market share) with a competitive price - has solved the problem, although GIFT Real Estate argues for using ‘sophisticated’ construction materials.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Thu, 16 Jan 2014 00:00:00 +0000 Ethiopia: Addressing the housing demand through Integrated Housing Development Program https://marcopolis.net/ethiopia-addressing-the-housing-demand-through-integrated-housing-development-program.htm https://marcopolis.net/ethiopia-addressing-the-housing-demand-through-integrated-housing-development-program.htm Ethiopia: Addressing the housing demand through Integrated Housing Development Program


Ethiopia Sector Analysis
Ethiopia: Addressing the housing demand through Integrated Housing Development Program

Through the Integrated Housing Development Program - a housing program worth of Birr 15.4 billion which is supported by the World Bank – Ethiopian government has been working to reduce slums in urban areas of the country by 50% as part of its Millennium Development Goals (MDGs).

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Tue, 14 Jan 2014 00:00:00 +0000 Addis Ababa is becoming a hub for international conferences and meetings in Africa, says UN Conference Center https://marcopolis.net/addis-ababa-is-becoming-a-hub-for-international-conferences-and-meetings-in-africa-says-un-conference-center.htm https://marcopolis.net/addis-ababa-is-becoming-a-hub-for-international-conferences-and-meetings-in-africa-says-un-conference-center.htm Gerard Hounkponou, Chief of UN Conference Centre (Conference Coordination Unit, Conference Services Section)

Gerard Hounkponou, Chief of UN Conference Centre (Conference Coordination Unit, Conference Services Section)

The UN Conference Centre in Addis Ababa has a particular mandate which is not only attending to government conferences but also to the great number of conferences in relation to NGOs and civil society organizations. In partnership with the Ethiopian government, the goal is to market Addis Ababa as a conference hub in Africa, thus exposing local investment opportunities and attracting new flow of investments into Ethiopia.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Mon, 13 Jan 2014 15:04:16 +0000 Flintstone Engineering: 22 years of quality construction in Ethiopia https://marcopolis.net/flintstone-engineering-22-years-of-quality-construction-in-ethiopia.htm https://marcopolis.net/flintstone-engineering-22-years-of-quality-construction-in-ethiopia.htm Tsedeke Yihune, Owner of Flintstone Engineering

Tsedeke Yihune, Owner of Flintstone Engineering

Established in 1991, Flintstone Engineering has been in the business of engineering for construction for the last 22 years. 5 years ago the company moved into the real estate business. Flintstone Engineering's revenue increased sevenfold over the last 5 years.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Mon, 13 Jan 2014 14:11:00 +0000 Real estate in Ethiopia growing by 25% | Role of private real estate companies in Ethiopia https://marcopolis.net/real-estate-in-ethiopia-growing-by-25-role-of-private-real-estate-companies-in-ethiopia.htm https://marcopolis.net/real-estate-in-ethiopia-growing-by-25-role-of-private-real-estate-companies-in-ethiopia.htm Real estate in Ethiopia growing by 25%, Role of private real estate companies in Ethiopia


Ethiopia Top Stories
Real estate in Ethiopia growing by 25% | Role of private real estate companies in Ethiopia

The increasing number of emerging middle incomers has increased the demand for real estate development. A 2010 study by the Africa Development Bank shows that Africa's middle class has increased to 34%, an increase of 27% from the 1980s, and Ethiopia is not considered to be an exception. Given that the government cannot address the need for the increasing demand for real estate on its own, it allowed a number of local private investors to become the major actors in the development of real estate in Ethiopia.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Mon, 13 Jan 2014 00:00:00 +0000 Enat Bank: Empowering Women of Ethiopia https://marcopolis.net/enat-bank-empowering-women-of-ethiopia.htm https://marcopolis.net/enat-bank-empowering-women-of-ethiopia.htm Meaza Ashenafi, Chairperson of Enat Bank

Meaza Ashenafi, Chairperson of Enat Bank

In Ethiopia, private banks has been flourishing since 1994. The story of Enat Bank is indeed very inspirational. "We wanted to change the narrative; we wanted to change the story about women and finance, and women and economic empowerment. So it was eleven women who came together and decided to start this bank," explains Meaza Ashenafi. "It became a brand and it became quite powerful because in Ethiopia, the literal meaning of Enat is “mother” but it goes beyond that. It’s about loyalty, care, embracing, foundation, and even about earth."

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Fri, 10 Jan 2014 13:38:31 +0000 Agriculture is the most attractive investment opportunity in Ethiopia, says Addis Chamber of Commerce https://marcopolis.net/agriculture-is-the-most-attractive-investment-opportunity-in-ethiopia-says-addis-chamber-of-commerce.htm https://marcopolis.net/agriculture-is-the-most-attractive-investment-opportunity-in-ethiopia-says-addis-chamber-of-commerce.htm Getachew Regassa, Secretary General of Addis Ababa Chamber of Commerce and Sectoral Associations

Getachew Regassa, Secretary General of Addis Ababa Chamber of Commerce and Sectoral Associations

"Ethiopia has shown serious growth in the last 10 years. Just last year we had a 9.7% GDP growth. There is also a lot of development of infrastructure going on and a vibrant business interaction in the city. The results of the economic growth that we are seeing are stimulating the business, trade and service industry," notes Mr Getachew Regassa.

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]]> domenica.iza@hotmail.com (Peter Matay) Ethiopia Report Thu, 09 Jan 2014 16:24:43 +0000 Top Investment Institutions in Ethiopia https://marcopolis.net/top-financial-investment-institutions-in-ethiopia.htm https://marcopolis.net/top-financial-investment-institutions-in-ethiopia.htm

Top Financial/Investment Institutions in Ethiopia Top Investment Institutions in Ethiopia

 Addis Ababa Chamber of Commerce and Sectoral Associations

Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) is one of the well-organized institutions that in one way or another work on promoting the investments and improving the overall investment climate in Ethiopia.

 Ethiopian Privatization Agency

This Agency is an autonomous government office which is entrusted with the tasks of privatizing, supervising, guiding, supporting and controlling state-owned enterprises to render them competitive and profitable and thereby enabling them to play significant roles in the implementation of the country’s Growth and development Strategy.

 Ethiopian Investment Agency (EIA)

The Ethiopian Investment Agency (EIA) is a government agency established in 1992 to promote private investment, primarily foreign direct investment. The overall activities of the Agency is supervised and followed up by an Investment Board, which is chaired by the Minister of Industry. The EIA is headed by a director general who is also a member of the Board and two deputy director generals.

]]> editor3@marcopolis.net (Ben Novak) Ethiopia Report Tue, 05 Nov 2013 13:59:08 +0000 Top Insurance Companies in Ethiopia https://marcopolis.net/top-insurance-companies-in-ethiopia.htm https://marcopolis.net/top-insurance-companies-in-ethiopia.htm Top Insurance Companies in EthiopiaTop Insurance Companies in Ethiopia The number of insurance companies increased to 14 as two more private insurance companies were opened during the year. Their branch network reached 221 following the opening of 11 additional branches during the same period. Except 1, all the other insurance companies with a branch network of 81.4 percent were privately owned. About 51% of these insurance companies are in Addis Ababa.

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]]> editor3@marcopolis.net (Ben Novak) Ethiopia Report Tue, 05 Nov 2013 13:34:20 +0000 Top Transportation Companies in Ethiopia https://marcopolis.net/top-transportation-companies-in-ethiopia.htm https://marcopolis.net/top-transportation-companies-in-ethiopia.htm Top Airlines in EthiopiaTop Transportation Companies in Ethiopia

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]]> editor3@marcopolis.net (Ben Novak) Ethiopia Report Mon, 04 Nov 2013 14:28:25 +0000 Top Agriculture Companies in Ethiopia https://marcopolis.net/top-agriculture-companies-in-ethiopia.htm https://marcopolis.net/top-agriculture-companies-in-ethiopia.htm

agriculture-companies-ethiopia Top Agriculture Companies in Ethiopia

Following the attempt to expand the commercial farming in Ethiopia, a huge plot of land is being leased by the government to the different investors—both foreign and local. We have compiled a list of the top companies in the agriculture sector, i.e. the top large-scale agriculture companies involved in the commercial farming in Ethiopia, according to the latest statistics available. Among the top agriculture companies are Ethio Agri-CEFT and Horizon Plantations, both of which belong under MIDROC Group, the leading investor in Ethiopia.

 Ethio Agri-CEFT

Ethio Agri-CEFT is one of the top companies involved in the agriculture sector of Ethiopia. The company is an affiliate of MIDROC Group and has been raking among the largest coffee and tea farms in the country for the last 15 years. It is highly involved in tea production and tea exports. It also produces washed and sun-dried coffee, black tea, green tea, food crops, medicinal as well as bio-pesticides, herbal and aromatic plants, spices, honey and cut flowers.

 Horizon Plantations (Horizon Company)

Horizon Plantations is a specialized arm of the MIDROC conglomerate established in December 2009 by Sheikh Mohammed Hussein Ali Al-Amoudi, Chairman of MIDROC Ethiopia Investment Group, and Mr. Jemal Ahmed, Chief Executive Officer of Horizon Plantations. Its main purpose is to develop large scale perennial plantations starting up with an initial paid up capital of 190 million Birr. Horizon’s vision is to become a leading agricultural producer, processor and exporter in Ethiopia.

 Karuturi Global Ltd

Karuturi Global Ltd is an Indian agro-company, which is among the world’s biggest producer of cut roses. Karuturi Global Ltd has entered Ethiopian market about a decade ago and it is another of the top companies in the large-scale farming sub-sector. The company has acquired 300,000 hectares of fertile farmland in Ethiopia through a very cheap land lease for 99 years.

]]> editor3@marcopolis.net (Ben Novak) Ethiopia Report Fri, 01 Nov 2013 14:33:26 +0000 Top Telecom Companies in Ethiopia https://marcopolis.net/top-telecom-companies-in-ethiopia.htm https://marcopolis.net/top-telecom-companies-in-ethiopia.htm Top Telecom Companies in EthiopiaTop Telecom Companies in Ethiopia Ethio Telecom, the former Ethiopian Telecommunications Corporation (ETC), has been undertaking several huge network expansion projects during the last few years with a view to enhancing the development of the telecom sector and to support the steady growth of the country.

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]]> editor3@marcopolis.net (Ben Novak) Ethiopia Report Fri, 01 Nov 2013 13:57:05 +0000 Top Industry Companies in Ethiopia https://marcopolis.net/top-industry-companies-in-ethiopia.htm https://marcopolis.net/top-industry-companies-in-ethiopia.htm

Top Industry Companies in Ethiopia Top Industrial and Manufacturing Companies in Ethiopia

Ethiopian government is currently greatly encouraging the involvement of the private sector in manufacturing—all in order to transform the economy into an industry-led one. What are the top industrial and top manufactring companies in Ethiopia which lead the industrial production in the country? Below is a list of the top industry and manufacturing companies in Ethiopia that includes, among others, MIDROC’s Equatorial Business Group, Derba MIDROC Cement, Horizon Addis Tyre and the next leading furniture manufacturer in the country—Technostyle.

 Equatorial Business Group

Equatorial Business Group (EBG) was established in 1993 under the trade name Equatorial Electronics and Communication in Addis Ababa, in accordance with the commercial laws of Ethiopia. At the time of its establishment, EEC was engaged in the import and distribution of electronics, household and office goods and services. The company was owned by three investors, all of whom are brothers of Sheikh Mohammed Hussein Ali Al-Amoudi, the chairman of MIDROC Group—the largest investor in Ethiopia.

As the investment environment of the country favored new developments in the private sector, the owners of the company injected more capital and went into more strategic business ventures with a view of contributing to the national economy and to generating more employment opportunities to fellow citizens. The investors also saw the importance of technology, knowledge and skills most vital to the country through the import of the products and services to the local market as they entailed high-tech soft and hardware features. Thus, EEC as it was then called, became Equatorial Business Group.

EBG’s business lines are all targeted to major development sectors like construction, mining, water resources, agriculture, road and air transport, energy, health and ICT infrastructures.

 Ethiopian Electric Power Corporation (EEPCO)

As of the beginning of 2014, the Ethiopian Electric Power Corporation (EEPCO), which has been a sole institution that monitors the country’s power grid, is split into two different institutions, i.e. Ethiopian Electric Power and Ethiopian Electric Services. The Ethiopian Electric Power is in charge of undertaking the country's power projects including the mega hydroelectric dams, and will be administered by the EEPCO management. The Ethiopian Electric Services is tasked with operating, distributing and selling electricity, and has been outsourced to an Indian company with a 2-year management contract worth of 21 million USD.

 Derba MIDROC Cement

Taking over 52% of the cement production market in Ethiopia, the MIDROC affiliate Derba is the number one producer of cement in the country. Derba MIDROC Cement was established following the shortage in the supply of cement and it currently has a capacity of producing 8,000 tons of cement per day. Derba MIDROC Cement is also involved in the construction of the Ethiopian Grand Renaissance Dam.

 Horizon Addis Tyre Company

The three decade-old tyre factory in Addis Ababa has changed owners and names a number of times prior to its acquisition by MIDROC’s Horizon. Established in 1972 as Addis Tyre, the factory was completely state-owned until the first joint venture (JV) arrangement the government had ever entered into, in 2004, selling away 61pc to Matador, a Slovakian company, for 13.9 million USD in 2004.

Renamed Matador Addis Tyre, the company introduced radial tyres and new molds before selling 51pc of its shares in 2008 to Continental Germany, a tyre manufacturer based in Hanover. Later, Horizon Plantation acquired all 61pc shares from the two companies for 17.9 million dollars.

The company announced on Tuesday, May 29, 2012, an earlier ETB 30 million investment, which Jemal Ahmed, general manager of Horizon Plantations, called the first phase. This phase included the modification of light truck diagonal tyres, introduction of new patterns for the factory's products, and introduction of new sizes for light truck radial tyres to be used by vehicles like Land Cruisers and minibuses.

 Technostyle

Technostyle is the leading importer and supplier of world class furniture in Ethiopia. Technostyle now aspires to use 60% of the materials from the local market so as to substitute import and start producing furniture locally in Ethiopia.

 Pittards Ethiopia Tannery

Pittards Ethiopia Tannery is a UK-based leather and leather products manufacturing company and is the leader in its segment. Pittards joined the leather sector in Ethiopia in 2005 and thus began managing the Ethiopian Tannery Share Company. The company has today three factories, produces close to 1,000 units a day and increased its profit by up to 20%. It has recently joined sheep farming.

 Heineken

Purchasing the auctioned state-owned breweries such as Bedele and Harar beers by the Privatization and Public Enterprises Supervising Agency, Heineken is now a dominant company in Ethiopia's brewery industry.

 MOAB Plc.

MOAB Plc. is a local manufacturing company. It is highly engaged in food complex whose large majority raw materials are from the local market. Owning its own marble quarry, MOAB Plc. is also engaged in the marble industry of Ethiopia.

 Pasqua Giuseppe Plc.

Established in 1965, Pasqua Giuseppe Plc. is a local company that manufactures aluminum and metal (steel) components for both small-scale and large-scale local and international companies in the country.

 Metals and Engineering Corporation

Metals and Engineering Corporation is a state-owned firm that is administered by the defense. It is highly involved in design, manufacturing assembly and maintenance of city buses as well as upgrading combat aircrafts and helicopters, trucks and other vehicles, and weapons. Metals and Engineering Corporation is also engaged in the manufacturing of electric transmission and telecommunication towers. The Corporation is among the major companies involved in the construction of the Ethiopian Grand Renaissance Dam.

 Ethio-Leather Industry Plc (ELICO)

]]> editor3@marcopolis.net (Ben Novak) Ethiopia Report Fri, 01 Nov 2013 13:31:04 +0000 Top Banks in Ethiopia https://marcopolis.net/top-banks-in-ethiopia.htm https://marcopolis.net/top-banks-in-ethiopia.htm Top Banks in EthiopiaTop Banks in Ethiopia
Marcopolis.net presents the list of top banks in Ethiopia.

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]]> editor3@marcopolis.net (Ben Novak) Ethiopia Report Fri, 01 Nov 2013 12:59:07 +0000