Brookings, by Witney Schneidman Ethiopia’s prime minister, Dr. Abiy Ahmed—the youngest African leader at 42 years old—has initiated a series of unprecedented economic and political reforms in his first 12 months in office. The core challenge that he faces is moving the economy from state-led to market-based growth while overseeing far-reaching political reforms. Success is far from […]
When Wang Yijun put Ethiopia’s most expensive real estate project on the market, he experienced a strange phenomenon. People preferred the lowest floors over those with panoramic city views. “Power cuts mean elevators in this city often don’t work,” explains Wang, the site manager. “So the bottom-floor flats became the most valuable. You won’t see […]
IPSS Addis Ababa University (AAU) was ranked 13th in Africa and 729th globally in the fifth annual U.S. News Best Global Universities rankings. The rankings used 13 indicators and weights to measure global research performance. The rankings, which aimed to create a comprehensive snapshot of academics’ opinions about world universities, asked respondents to rate universities […]
By Samuel Gebre, Reuters Most jobs to come from small businesses, Abiy tells lawmakers Africa’s second-most populous nation has 11 million unemployed Ethiopia’s Prime Minister Abiy Ahmed plans to double jobs created in 2019-20 as he implements a reform agenda that opens up the economy for more foreign investment. Africa’s second-most populous nation will probably create […]
The Addis Abeba City Administration plans to invest over 10 billion Br for a new exhibition and convention center to be built in the heart of the capital. The Convention Centre will occupy nearly 10ha of land encompassing a 24,000sqm area that is owned by the Exhibition Center & Market Development Enterprise at Mesqel Square. The […]
Breaking Trarvel News, The agenda for the Africa Hotel Investment Forum has been also released. The event will take place at the Sheraton Addis, Ethiopia, on September 23rd-25th. Among an impressive line-up of speakers will be Olivier Granet, chief executive, Kasada Capital Management, the new billion-dollar, sub-Saharan investment fund, the first and biggest of its […]
Africa Business Community Addis Ababa, Ethiopia, posted Africa’s highest average daily ra tote (ADR), according to the most recent 12-month data from STR. The market will play host to the Africa Hotel Investment Forum on 23-25 September at the Sheraton Addis. From July 2018 through June 2019, Addis Ababa registered an absolute ADR of US$163.79 […]
EuroEconomy By: Virginia Furness Ethiopia’s IMF deal is a notable step towards addressing its external imbalances and to opening up the country’s economy. Ethiopia’s efforts to open its economy were bolstered in mid-December when the International Monetary Fund agreed a new lending programme which, coupled with the launch of the Addis Ababa stock market in […]
Breaking Trarvel News Ethiopia prepares for return of Africa Hotel Investment Forum Prominent figures from Ethiopia’s public and private sectors have spoken out publicly to welcome the return to Addis Ababa of the Africa Hotel Investment Forum. The event attracts many prominent international hotel owners, investors, financiers, management companies and their advisers. It will return […]
CGTN Ethiopia on Tuesday launched a China-backed riverside green development project that aims to create a beautiful and healthy environment in the capital city, Addis Ababa. The Addis Ababa riverside development project in its entirety will include the development of 48 hectares of the central square, 51.3-km riverside which runs along the two biggest rivers […]
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