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Hahu Daily Business News

Ethiopian bidding with Etihad to partner with RwandAir

Ethiopian Airlines is competing with Etihad Airways of Abu Dhabi to partner with the national flag carrier of Rwanda, RwandAir. The management of RwandAir is looking for a strategic partner. The board of directors of RwandAir and the Rwandese Transport Ministry has offered to sell a 49 percent stake on …

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3 Reasons to Love Addis Ababa When RIDE Re-launches

Fans are wondering why RIDE, the On-Demand Taxi service over SMS, isn’t starting service soon. According to RIDE’s fan page, the highly anticipated platform is due to re-launch its service in less than 2 weeks. Although it was scheduled almost a month ago to be operational, due to the international …

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Ethiopia’s Inflation Rate Rises to 11.9 Percent in July

Ethiopia’s inflation rate has further surged to 11.9 percent in July, according to The Daily Monitor. From January 2015 to May 2015, the inflation has registered 7.7, 8.2, 8.5, 9.3 and 9.4 percent increase respectively. The July 2015 monthly consumer price index from the Central Statistics Agency (CSA) has now …

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Ethiopia building a Financial District in Addis Ababa

Ethiopia is building a financial district in the busy street in Addis Ababa from Mexico Square (Adebabay) towards East to Tikur Anbsesa or Biherawi all the way to Filweha Kazanchis, that street is changing day by day. It is called Financial District. Headquarters of Banks and Insurances are under construction …

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Ethiopia: ERCA Projects 559 Billion Birr Revenue in GTP II Period

Ethiopian Customs Revenue Authority (ERCA) said it has projected to collect 559 billion Birr revenue from domestic and customs taxes in the GTP II period. Fasika Belay, Education and Communication deputy director at the Authority told Walta Information Center (WIC) the Authority is undertaking activities to collect the projected amount. …

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Ethiopia – the New Powerhouse of the Continent

Somaliland sun – Ethiopia is bursting with a feeling of unprecedented economic optimism owing to its high economic growth in the last twenty years and the Ethiopian people wherever they are in the world are upbeat about their country’s future. Africa’s second most populous country, with nearly some 100 million …

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US President Barack Obama lands in Ethiopia

Addis Ababa (AFP) – US President Barack Obama landed in Ethiopia on Sunday, beginning a two-day stay and becoming the first American leader to visit Africa’s second most populous nation. Air Force One touched down at Addis Ababa’s international airport after a short flight north from the Kenyan capital Nairobi. …

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