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Hahu Daily Business News

Nation Plans to Build Expressways in Major Congested Areas

Addis Ababa March 10/2015 Ethiopia plans to build expressways into the major congested areas of the country in order to solve the traffic overcrowding, the Ethiopian Roads Authority said. This was disclosed at the experience sharing workshop on Expressway Development and Management held here today between Ethiopian Roads Authority (ERA) …

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Number of Dollar millionaires in Ethiopia on the rise

At first glance, Ethiopia would seem like a tough place for business owners to make it big. The strength of the state stands in contrast to the fledgling private sector, where foreign competition is barred in key industries and big sectors are entrusted to state-owned companies. But a curious statistic …

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First seven star hotel in Addis Ababa

Addis Ababa is to get another world class hospitality image before the end of the year when the AU Grand Hotel managed by Westin Hotels and Resorts inaugurates its seven star hotel in the African Union (AU) compound. The multibillion birr investment owned by the billionaire Sheik Mohamed Hussein al …

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Ethiopia, Long Mired In Poverty, Rides an Economic Boom

ADDIS ABABA, Ethiopia — The bulldozers, tractors and cranes are busy day and night, paving new roads, building tall glass buildings and constructing a new light rail system to stitch together the city’s ends. In less than five years, the city’s skyline has changed drastically. Above the dust, in a …

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Egypt, Ethiopia, Sudan agree on Nile dam

Karti said that the preliminary agreement would be submitted to each of the three countries’ presidents for review Foreign ministers of Egypt, Sudan and Ethiopia have signed a declaration of principles on a multi-billion-dollar hydroelectric Ethiopian dam on the Nile. “Consensus has been reached on a joint declaration of principles …

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