Company in Ethiopia

  • Africa: Expanded Engagement for Caterpillar - Boosting Sales & Alleviating Poverty

    BOTSWANA, 2017/07/16 A strong signal of growing business engagement with Africa by large U.S. corporations was the announcement last September by Caterpillar CEO Doug Oberhelman of plans to invest over $1 billion in Africa over the next five years. Caterpillar is not a new-comer, having begun doing business on the continent in 1926. At last month's U.S.-Africa Business Summit in Washington, DC, David Picard, Caterpillar's regional manager for Africa and the Middle East, described some of the steps that have been taken since last year's announcement. He as well talked about the challenges and opportunities he sees, inclunding Nigeria, where the company has operated since 1948. He was interviewed by AllAfrica's Noluthando Crockett-Ntonga and Ladi Olorunyomi from Premium Times in Nigeria. The interview has been edited for clarity and length.
  • Ethiopia's Next International Breakout Brand

    ETHIOPIA, 2015/11/03 What started as the quest of a caring and self-proclaimed, over-protective initial-time mother to find the perfect blanket for her child is presently making headlines as the next potential international breakout brand from Ethiopia. Amelsa Yazew, 34, had a bit of a fetish for baby blankets at the same time as she was pregnant with her initial child, Caleb. She said she bought excessive amounts of mass-produced baby blankets for her child. But it was not until her baby shower, where some one gave her a blanket made out of a Gabi - a traditional hand-woven cloak from Ethiopia, that her quest for a comfortable baby blanket had been finished.
  • Standard Bank Group has expanded its already extensive East African footprint

    ETHIOPIA, 2015/10/31 Standard Bank Group has expanded its by presently extensive East African footprint with the official opening of a representative office in Ethiopia. This means that Standard Bank, which is Africa’s major bank by assets, has a continent-wide footprint in 20 African nations. The representative office, which is based in Addis Ababa, was opened by Standard Bank Chief Executive, Ben Kruger. It will act as an entry point for clients seeking to invest in Ethiopia and will be administered by Standard Bank’s chief office in South Africa.
  • Ethiopia: National Airline Offers Airfare Discount for Diaspora

    ETHIOPIA, 2015/08/06 The Ethiopian Airlines has offered 10 % air-ticket discount for Ethiopians and foreigners of Ethiopian origin who travel to the country to celebrate the initial Ethiopian Diaspora Day that will be marked August 12-16, 2015. The passengers can as well carry luggage which weighs additional than 30 kilogram, it was learned. Ticket could be purchased from the initial of July to the 15th, according to the statement of the airline.
  • Ethiopian Airlines Goes Mobile

    ETHIOPIA, 2015/04/07 Ethiopian Airlines has announced the commencement of mobile payment for online ticket purchases in Ethiopia. The new service is powered by the payment service provider, FloCash and was made possible through the cooperation of the Commercial Bank of Ethiopia (CBE). The service will be available to customers in Ethiopia and will be open for them to make travel reservations, pay and receive payment confirmation with associated passenger locator record, in a single connection.
  • ANA and Ethiopian Airlines- a more intense partnership sealed

    JAPAN, 2014/10/19   Star Alliance Members, Ethiopian and ANA, Launch Code-Share October 17, 2014 – Ethiopian Airlines, the flag-carrier airline of Ethiopia, and ANA, Japan's leading airline group, signed a code-share agreement. From October 26, 2014, the traveling public will enjoy seamless bookings on ANA and Ethiopian Airlines Network from Japan to 49 destinations in Africa through joint connecting airports of both carriers in Bangkok, Hong Kong, Frankfurt, Paris, London, on all code shared flights.
  • Ethiopian pondering next move on single and twin aisle aircraft orders

    ETHIOPIA, 2014/02/08 Additional B787 Dreamliners, if only they could get them, a keen interest in Boeing’s new bird, the B777X and up to 20 single aisle orders within a few months, the message could not have been clearer by Ethiopian Airlines that the carrier is intent to defend their continental top spot and make sure they retain it for years approaching. Tewolde Gebremariam, ET’s Chief Executive, was quoted by a source in Addis Ababa, to have let the cat out of the bag yesterday at the same time as he confirmed that the airline was in the final stages to lease at least three additional B787 Dreamliners, and would buy additional if only Boeing could produce enough of these aircraft, of which presently over 150 are by presently delivered and crisscross the globe each day.
  • Ecobank Transnational Incorporated (ETI),

    ETHIOPIA, 2013/11/01 Leading pan-African banking group, Ecobank Transnational Incorporated (ETI), has opened a representative office in Addis Ababa, the Ethiopian capital, bringing to 36 the total number of nations in sub-Saharan Africa in which the bank has a presence. The bank said in a statement issued here over the weekend that it opened the representative office three months next it obtained a licence to operate a representative office in Ethiopia. The office, located in the Yerer Ber district of Addis Ababa, which is close to both the airport and the city centre, will initially have a staff of three, it said.
  • Ecobank Transnational Incorporated (ETI),

    ETHIOPIA, 2013/11/01 Leading pan-African banking group, Ecobank Transnational Incorporated (ETI), has opened a representative office in Addis Ababa, the Ethiopian capital, bringing to 36 the total number of nations in sub-Saharan Africa in which the bank has a presence. The bank said in a statement issued here over the weekend that it opened the representative office three months next it obtained a licence to operate a representative office in Ethiopia. The office, located in the Yerer Ber district of Addis Ababa, which is close to both the airport and the city centre, will initially have a staff of three, it said.
  • Catalyst Principal Partners Acquire 50% Stake In Yes Brands

    ETHIOPIA, 2013/05/16  Eastern Africa-focused private equity firm Catalyst Principal Partners has announced the acquisition of a 50 % stake in Ethiopian bottled mineral water company Yes Brands Food & Beverages, on the back of rising economic increase. The price of the transaction was however not disclosed.