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Hahu Daily Business News

Licensing and Registration Process of Investment Business in Ethiopia

Ethiopia’s new Investment Permit Application process is simple and requires only a few steps. These steps vary slightly depending on the business form under which investors plan to operate their business: Sole Proprietorship Step 1: Collect information from Ethiopian Investment Commission (EIC) Information and Investment Promotion Department about requirements, incentives, …

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Tripartite Talks on Great Ethiopian Renaissance Dam Resume in Khartoum

The long-awaited six-party tripartite talks on the Great Ethiopian Renaissance Dam (GERD) kicked off today, Friday 12th December 2015, in Khartoum. The foreign and irrigation ministers of Egypt, Ethiopia and Sudan are partaking in the two-day talks; the meeting was delayed twice. Sudanese Minister of Water Resources, Irrigation and Electricity, …

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Kenya ratifies Trade Facilitation Agreement

Kenya has ratified the new Trade Facilitation Agreement (TFA), less than a week before it hosts an important high-level World Trade Organization (WTO) trade meeting. The WTO Secretariat received Kenya’s instruments of acceptance on 10 December. Concluded at the WTO’s 2013 Bali Ministerial Conference, the TFA contains provisions for expediting …

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African Development Bank President commends Ethiopia for its economic performance and key role to reduce fragility

African Development Bank President Akinwumi Adesina commended the Government of Ethiopia for its macro-economic performance and its support to reduce fragility on the continent. His remarks were delivered on Tuesday, November 24 in Addis Ababa as he concluded a two-day visit in the country to reinforce cooperation with the African …

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Saudi investors say Ethiopian govt officials ‘robbed’ them

RIYADH: Saudi investors have accused some Ethiopian government officials of robbing them of their land and equipment. Mohammed Al-Shehri, who leads a body of investors in the African country, claimed that certain Ethiopian officials falsely accused him and others of criminal activities so that they could confiscate their property.

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New Ethiopia-Djibouti railway line begins service

A new railyway line linking Ethiopia and Djibouti has begun carrying wheat from the Port of Djibouti to Adama town as of Friday 20 November.Additional wheat, which the government of Ethiopia had bought for people affected by the El Nino-driven drought, has reached Port Djibouti. The Ethio-Djibouti railway project, linking …

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