Business Info ETH

2021-11-16 14:53:35 Lake Wonchi has Been Named the World's Best Tourist Village

Lake Wonchi has been named the best tourist village in the world by the United Nations Tourism Organization.

The swampy lake, which shows the sky as a photograph, the calm and the stagnant water, attracts the attention of the World Tourism Organization.

The volcanic lake is one of the three projects in 'Dine for Ethiopia' programme that raised 4.2 billion birr for the three projects – in Gorgora, Wonchi and Koysha. On March Prime Minister Abiy Ahmed has launched the construction of Dine for Ethiopia’s Wenchi project alongside the volcanic lakes of Wenchi and Dendi in central Oromia.

(SHEGERFM 102.1)

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2021-11-16 13:47:37 Ethiopian Airlines Announces Strong Performance amid Turbulent Times

Speaking on the occasion, Finance Minister, Ahmed Shide, who led the performance review during the first quarter of the 2014 Ethiopian budget year, said the airline has shown strong performance in terms of profit and growth.

In 2021 first three months, Ethiopian Airlines on-time performance surpasses industry average reaching 91% On-Time Performance of all global flight departures for the last three months while the industry average stands around 85%.

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2021-11-16 10:25:38 Ethiopia to Create Research and Development Centres for Manufacturing Industries

“The main objective of the centers is to turn research papers conducted by universities into prototype products and create joint venture investment arrangement between universities and private sector, for mass production. We will have R&D centers wherever there are manufacturing industries, which will serve as simulators for real production,” said Paulos Berga, advisor to the Minister at the Ministry of industry.

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2021-11-16 10:09:01 Exchange Rate for November 16,2021

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2021-11-16 09:37:03 #Ethiopia: Forest Products Generate more than $900,000 in Exports

The Chief Executive Officer of the Corporation, Kifle Woldemariam, said the revenue came from the 2,000 quintals collected from youths organized by the association to produce forest products. More than 284,000 quintals of improved seeds have been produced on more than 13,000 hectares of land this budget year, he added. More than 1717,395 quintals of improved seeds have been sold over Birr 617 million.

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2021-11-16 08:40:36 #Ethiopia is Seeking to Widen Export Market Reach

Following the removal of Ethiopia from AGOA, Ethiopia is looking for other opportunities to widen export reach in order to lessen the potential impact.

“There would be no firing of employees or factory owners from parks and the overall impact would not be as grave as it is broadcasted” said Sandukan Debebe, CEO of IPDC.

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2021-11-16 08:16:39 #Ethiopia: Off-grid Market Forecast Presented ‘Untapped Potential’ for Investors

According to Tetra Tech International Development study titled “Regional Energy Bureaus in Ethiopia: Needs Assessment Report and Action Plan”, for Ethiopia to meet its universal electrification access target by 2025 as laid out in the National Electrification Program (NEP 2.0) the annual supply of quality certified products must increase by an average of 12 per cent per annum from 2021 to 2025.

This translates to an additional expenditure of USD117 million per annum for the next five years.

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2021-11-16 08:15:38 Students Reap Advanced ICT Knowledge from Huawei Seeds for the Future Program

The Huawei Seeds for the Future program aims to develop skilled ICT talent and bridge communication between countries and cultures. By sharing ICT expertise and experiences in the global business environment, young people from more than 130 countries can learn about advanced technologies in the ICT industry.

The program was being implemented in Ethiopia since 2016. Every year, 10 students will take part in a two weeks training at the Huawei head office in China. Since 2020 the program went online due to Covid-19 Pandemic.

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2021-11-15 17:07:56 Ilfenesh Hadera, an Ethiopian American Actress, Plays a Role on the Godfather of Harlem

Ilfnesh is a 35 years old Ethiopian American actress. On the series Godfather of Harlem, she plays the role of Mayime Johnson, the wife of the main character, Bumpy Johnson. She also co-starred in the 2017 film, Baywatch.

Godfather of Harlem, a series that started airing on Sept 29, 2019, is based on the true story of the notorious gangster Bumpy Johnson, as he makes his way in Harlem during the 1960s.

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2021-11-15 16:46:57 AddisAbeba Health Bureau announces ten-day COVID19 vaccination campaign to residents

The Addis Abeba Health Bureau head Dr. Yohannes Challa said COVID 19 vaccine campaign is launched today for ten consecutive days aimed at vaccinating city residents. According to Dr. Yohannes the vaccine will be given to people aged 12 and above.

In addition to health facilities, the vaccination campaign will be administered in large markets, malls, banks, transport stations, Industrial Parks and other selected locations.

As of now, more than half a million people have been vaccinated against COVID 19 in Addis Abeba, the City Administration Press Secretariat office said.

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