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Hahu Daily Business News

Ethiopian Airlines Launches Cargo Flight to Bengaluru, India

Ethiopian Airlines announced it launched cargo flight to Bengaluru, India from Addis Ababa on December 2, 2015. According to a release, Ethiopian conducts freighters services to four Indian cities; New Delhi, Mumbai, Chennai and Bengaluru from Addis Ababa. Ethiopian Airlines Regional Director for India Sub-continent Tadesse Tilahun said since Bengaluru …

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Ethiopia: 10 industrial parks to be built within 5 years

The Ethiopian government announced plan to establish 10 industrial parks within five years so as to boost manufacturing industries. The industrial parks to be built are expected to facilitate the situation for the planned transition to industry led economy, CEO of the Industrial Parks Development Corporation Sisay Gemechu said. Bahir …

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Ethiopian Airlines to launch new flights to Durban

Ethiopian Airlines will launch a three times weekly flight between Addis Ababa and Durban on December 16th. The launch will be airline’s third destination in South Africa, after Johannesburg and Cape Town. “The new Durban service will give our customers more and convenient connectivity options when traveling both within and …

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Ethiopia: Construction of Mojo-Meki Expressway Commenced

Construction of Mojo-Meki expressway which is a section of the Mojo-Hawassa road network launched yesterday. Speaking on the ground breaking ceremony for the construction of the expressway, Prime Minister Hailemariam Dessalegn said the construction of the expressway would play a crucial role in accelerating the economic growth of the nation …

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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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