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Hahu Daily Business News

Preliminary Costs for Adama-Awash Extension, 100m Br per Km

Preliminary studies are indicating that the 130Km Adama-Awash extension of the Addis Abeba–Adama expressway could cost 100 million Br per kilometre to complete. The extension, which could be constructed over the next five years, will be an addition to the Addis Abeba-Adama expressway which opened to traffic on September 14, …

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Egyptian-Ethiopian disputes stall Renaissance Dam talks

Persisting differences among Egypt, Ethiopia and Sudan keep delaying the studies, which Egypt hopes will prove that the dam’s construction will cause extensive problems for Egypt and Sudan. The differences revolve around details in the fine print of the offers submitted by the two consultant offices chosen to conduct the …

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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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