January 1, 2018

11:06 am

Meet Samuel Tafesse, The Ethiopian Multi-Millionaire Who Built Africa’s First Marriott Hotel

Source: Forbes

by: Mfonobong Nsehe

 

Apart from Saudi-Ethiopian billionaire Mohammed Al-Amoudi, Samuel Tafesse is arguably the most popular businessman of Ethiopian origin. The 60-year-old real estate mogul is the founder of Sunshine Investment Group, a construction and development company that develops residential, leisure, and commercial properties in Ethiopia and the Middle East. Since its founding in 1983, Sunshine Investment Group has built more than 5,000 residential and commercial properties in Ethiopia, including the first Marriott-branded property in Africa – the landmark Marriott Executive Apartments in Addis Ababa. Sunshine is also a major contractor to the government and constructs and maintains thousands of miles of roadway across the country with every year… Read More

Archive

People celebrate Timket, the annual Ethiopian Epiphany festival, in Addis Ababa, the capital of Ethiopia, Jan. 20, 2024.

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The Ethiopian calendar is also seven years and eight months behind the Western calendar, making Saturday the start of 2014.

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France’s telecom firm Orange has submitted an expression of interest to participate in the ongoing partial privatisation of Ethiopia’s Ethio Telecom firm, Ethiopia’s ambassador to Paris said on Twitter on Tuesday.

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Today marked a milestone moment for Ethiopia and its flag carrier. The country received 2.184 million doses of the coronavirus vaccine through the COVAX global vaccine-sharing initiative. These doses were brought in by Ethiopian Airlines.

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An 18th Century Ethiopian crown has been returned home after being hidden in a Dutch flat for more than 20 years…

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The Nobel Peace Prize was awarded to Ethiopian Prime Minister Abiy Ahmed

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Ethiopia may give up majority control over its telecommunications monopoly in a second phase of privatization once it’s sold 49% of the company next year…

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September 11, 2019

2:09 pm

Happy Ethiopian New Year 2012

Dr. Arvid Hogganvik is a medical doctor born and raised in Ethiopia. He is of Norwegian descent and currently lives in Norway. His family and siblings celebrate The Ethiopian New Year. His parents came to Ethiopia from Norway in 1949 along with their two children and then the third child, Arvid Hogganvik , was born… View Article

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Over 350 million trees were planted in an ambitious move to counter the effects of deforestation and climate change.

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When supermodel Liya Kebede was growing up in Addis Ababa, she wore comfortable Ethiopian clothing — ample dresses made from strips of woven cotton sewn together.

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Ethiopia has positioned itself to become one of the world’s top exporters of textile and garments…

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March 26, 2019

10:50 am

Ethiopia: Africa’s next powerhouse?

Ethiopia has been one of the continent’s best economic performers, growing at a rate of 10 percent for the past 15 years…

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Voted the Best Airline in Africa in 2018, the airline’s triumphs are arguably down to reasonably priced tickets, efficient service delivery, a good safety record and a wide network of flights…

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[A]s a plan it sounded much like a Sunday in Hampshire. So you can understand my concern when I saw the man holding a carrier bag full of old rope.

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At 19-years-old, Betelhem Dessie is perhaps the youngest pioneer in Ethiopia’s fast emerging tech scene, sometimes referred to as ‘Sheba Valley’…

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Full of natural wonders and ancient culture, this vast country is also home to booming cities and a youthful population. Explore it with our guide on where to go, what to see and where to stay

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The state-owned Ethiopian Airlines, Africa’s largest carrier by number of passengers, according to FlightGlobal…

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Ethiopia Overtakes, Ghana loses No. 1 sub-Sahara spot as IMF revises 2018 economic growth forecasts…

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Chicago has become one of the newest dots on Ethiopian Airlines’ global flight map…

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The project is Beijing’s big experiment in outsourcing, and a $10 billion shot in the arm for the African nation—if there isn’t a civil war first…

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Source The Washington Post By Paul Schemm ADDIS ABABA, Ethiopia — The Marvel Comics movie “Black Panther” has wowed audiences across the United States and around the world, including Africans who have cheered on the African superheroes and their fictional Kingdom of Wakanda. There is a little something for everyone in Wakanda for Africans. The… View Article

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Rambunctious, manic, beguiling, exciting — it’s hard to accurately describe Addis Ababa…

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an effort by Ethiopia to turn itself into an exporter of electricity to the region, channeling at least $4 billion into geothermal projects across the nation…

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The old man’s face was beautiful, although it was etched with deep furrows — no doubt the result of having lived through droughts, famines and 17 years of a brutal and paranoid communist government that has slaughtered half a million of his countrymen…

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Apart from Saudi-Ethiopian billionaire Mohammed Al-Amoudi, Samuel Tafesse is arguably the most popular businessman of Ethiopian origin.

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The World Bank again declared that the Ethiopian economy would be Africa’s most expansive in 2017…

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As Ethiopia strives to become the manufacturing hub of Africa, more and more Chinese companies are showing an interest in investing in the east African country …

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As global demand for teff, Ethiopia’s gluten-free indigenous staple crop grows, officials and businesses are looking to tap the global market…

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The BBC World Service has launched three websites for Ethiopia and neighbouring Eritrea as part of its biggest expansion since the 1940s.

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It is an important security step since if Internet Service Providers (ISPs) do not have this new key, the Internet will not work for them or their customers, according to Mr. Dandjinou

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I have always questioned God’s existence, but in the northern Ethiopian town of Lalibela, I was presented with fairly substantial evidence.

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Turkish construction giant Yapı Merkezi hopes a $3 billion modern railway-line project it is building in Ethiopia and Tanzania …

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The e- visa is processed and issued online on a single Web page where applicants apply, pay and secure their entry visa online.

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Ethiopian Airlines was betting Airbus SE’s new A350 widebody would help it lure lucrative business-class passengers away from the likes of Emirates. . .

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Government reforms are designed to encourage farmers to produce more high-quality beans…

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Pizza Hut is set to open three outlets in Ethiopia this year, becoming one of the first international restaurant chains to enter Africa’s second-most populous country.

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Ethiopia, the second-most populous Sub-Saharan African country with a GDP size of $61.54 billion (Rank: 73), is projected to grow annually at 8.7%

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Germany fosters change in Ethiopian textil industry…

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Norfund has made a USD 7.4 million investment in Verde Beef Processing PLC, an Ethiopian beef producer. Verde Beef Processing PLC produces premium beef and aims to become the largest cattle processing operation in Eastern Africa with a target output of more than 130,000 carcasses per year. The capital provided by Norfund will help the… View Article

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The Danakil Depression, including the Dallol volcanic area is one of the most remote, inhospitable and poorly studied areas in the world.

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The Embassy participated in the inauguration of the Ethiopian Airlines flight to Oslo on Friday 24 March 2017. Read the speech made by the ambassador below.

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Lenders are lining up to set up businesses in Ethiopia, one of Africa’s fastest-growing and most under-banked economies…

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ADDIS ABABA, Feb. 19 (Xinhua) — The airport of the Ethiopian capital Addis Ababa is training Chinese-speaking staff upon arrivals of more Chinese travellers…

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The Caesarea-based firm is teaming up with partner TodayTomorrow Ventures Inc. in a $400,000 deal to construct a wastewater treatment facility at the EPRI 1 condominium complex in Addis Ababa.

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Ethiopian Entrepreneurs who were educated overseas are returning home

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Bethlehem Alemu’s shoes have been sold worldwide by Amazon (AMZN, Tech30), Urban Outfitters (URBN) and Whole Foods (WFM)…

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January 19, 2017

10:27 am

Ethiopian to Open Seven New Destinations

Ethiopian envisages to reach 120 international destinations worldwide by the year 2025…

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Ethiopia on Saturday officially opened the Gibe 3 hydroelectric dam, which is among the biggest in Africa…

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Ethiopia has welcomed hundreds of new taxis…

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A $3.4 billion Chinese-built railway linking the Ethiopian capital Addis Ababa and the port city of Djibouti…

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Ethiopia seems awake to look in to its tourism potential. Along with the development of various tourist infrastructural facilities, the country is endeavoring to market the resource for economic development…

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Gibe III Hydroelectric Project, Ethiopia […] is expected to be in full operation by August, 2016. ..

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Ethiopia seems to be attracting the attention of economists interested in Africa, and for good reason…

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Ethiopian has been voted as the Best Cargo Airline of the Year …

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Ethiopia, Africa’s second most populous nation, has transformed into one of the world’s fastest-growing economies…

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Source: CNN Native to Ethiopia, the Ge’ez is more than just an ancient, nearly forgotten language. It’s Ethiopia’s link to its distant past.  

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Addis Ababa February 10/2016 The government of Sweden is interested to further strengthen all rounded cooperation with Ethiopia, according to the country’s Ambassador to Ethiopia…

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February 4, 2016

5:45 pm

Investments: When Ethiopian giants dance

Ethiopia’s in the driving seat, as investors from East and West seize on opportunities in sectors ranging from construction to brewing…

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A previously unknown population of at least 100 lions has been discovered by a wildlife charity in a remote park in north-western Ethiopia…

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January 12, 2016

10:18 am

An insider’s guide to shopping in Addis

With the headquarters of the African Union located in Ethiopia’s capital city, as well as an award-winning airline…

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Ethiopian Tourism expects the growth to double by 2016

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There are now 2,700 millionaires in Ethiopia, reflecting an increase of 108% between 2007 and 2013 — the fastest growth rate in Africa…

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Ethiopian airlines operated an All-Women Functioned Flight today on the Addis Ababa – Bangkok route…

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Maersk Oil has agreed to buy half of Africa Oil Corporation’s shares in three onshore exploration licenses in Kenya and a further two in Ethiopia…

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Addis Ababa gets first sub-Saharan Africa metro system…

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Minimal corruption, efficient bureaucracy, and cheap production costs are driving China’s investment in Ethiopia…

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– If there was ever a country that embodied the optimism of the “Africa rising” narrative, it would be Ethiopia. The economy of Africa’s second-most populated country has for the past decade grown at an average of 10.8% every year …

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October 15, 2015

5:08 pm

Made in… Ethiopia? Yes, Ethiopia

— So we got used to “Made in Japan,” “Made in China,” “Made in Hong Kong” and most recently “Made in Vietnam.” There’s going to be a new kid in town, but he’s not Asian. Prepare yourselves for “Made in Ethiopia.”…

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September 25, 2015

1:19 pm

Arsenal breaks new ground in Ethiopia

Arsenal Football Club has become the first Premier League side to secure a regional partnership in Ethiopia after announcing Dashen Brewery as its Official Beer Partner…

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Tekle Negash’s days of riding a battered minibus to work in Ethiopia’s capital are over. Boarding Addis Ababa’s $475-million, Chinese-built and funded Light Rail, he can slash his one-hour commute by two-thirds and still save money…

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Ethiopia is head and shoulders above the rest of Africa in meeting the Millennium Development Goals (MDG)…

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Ethiopia’s Addis Ababa has the most expensive hotel room prices in Africa, according to research based on the price comparisons of select major African cities…

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EEthiopia won the first gold medal at the IAAF Beijing World Athletics Championship in the female 1,500 mt race with world record holder Athlete Genzebe Dibaba in Beijing, yesterday…

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Ethiopia’s government will boost spending by 20 percent in the budget year that begins next month to expand infrastructure in one of Africa’s fastest-growing economies,State Finance Minister Abraham Tekeste said…

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