The longserving CEO of Africa’s largest airline Ethiopia Airlines has stepped down, citing ill health. Starting at the firm in 1985, he become CEO in 2011. He leaves behind a strong legacy, the envy of other African airlines who struggle to match Ethiopian’s operational efficiency. Tewolde GebreMariam is a towering figure of African aviation, dragging […]
The project aims to enhance the well-being of city dwellers by mitigating river flooding and through the creation of public spaces and parks, bicycle paths and walkways along the riversides. This project will run along two of the largest rivers of the city, stretching a total of 51 kilometres, all the way from the mountains […]
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 DC Line LaToya Foster (EOM) Celebration Part of Renewal of Sister City Agreement that Establishes Cooperative Relationship in Areas of Economic Development, Public Health, Sustainability, Education, and Government Collaboration (ADDIS ABABA, ETHIOPIA) – Today, representing the 704,000 residents of Washington, DC, Mayor Muriel Bowser celebrated the renaming of an Addis Ababa street in honor of […]
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 […]
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 […]
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 […]
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 […]
Addis Ababa (AFP) – A palace that once housed Ethiopia’s emperors and also served as a torture site under the communist Derg regime is to open to the public in a controversial government tourism project. The palace compound in Addis Ababa, which Prime Minister Abiy Ahmed’s government has rebranded “Unity Park”, was formally launched Thursday […]
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