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“No star except Ethiopia”, Coach Mariano Barreto
amharicnews.com

Henok Reta, The Reporter Addis Ababa, Ethiopia - The Ethiopian National Football Team head coach, Mariano Barreto, said that Ethiopia should be considered a star before anyone. At a press conference he held with journalists last Thursday, he said that the purpose of any sporting activity is to represent a sovereign state and players can never […]

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Egyptian, Ethiopian FMs hold press conference
amharicnews.com

Egypt and Ethiopia reiterated their commitment to the principles of mutual respect and achieving common interests. In a joint statement by Egyptian President Abdel Fattah El Sisi and Ethiopian Prime Minister Hailemariam Desalegn on the talks the two had on Thursday in Malabo, the two sides agreed to immediately start preparations for the convention of […]

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Ethiopia Becomes Investment Hub – MoFA
amharicnews.com

The prevalent peace in Ethiopia and its favorable investment policy are attracting leaders and investors of various countries, said Ministry of Foreign Affairs (MoFA). American Affairs Director-General with the Ministry, Ambassador Taye Atskeselassie, said Ethiopia has become a trade and business destination for foreign companies. The director-general, who quoted the saying that “leaders trace the […]

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Ethiopian Doctors in Diaspora to build modern hospital in Addis
amharicnews.com

Addis Ababa, Ethiopia – The Ethio-American Doctors Group (EADG) announced plans to build a medical city center they say will focus on patient centered care. The two billion birr hospital will have 300 private rooms for patients and will be built on 30,000 square meters in Summit Area. If everything goes according to plan it […]

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I Told Them I Can Move a Mountain If I Wanted to – Mulu Solomon
amharicnews.com

In 2012 Mulu Solomon was elected as the first female president of the Ethiopian Chamber of Commerce. Two years later the Chamber’s presidential election was held in May this year, and although almost everyone wanted Mulu to run for the second time, she declined saying she wanted to lead by example in teaching the lesson […]

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Ethiopian Designer Looks to Take Handbag, Local Fashion Business by Storm
amharicnews.com

Most countries in Africa haven’t been crowned fashion capitals just yet. Some regions, however, have taken many in the fashion industry by surprise. Companies like Hugo Boss, Prada and Cartier have helped to expand the growing luxury market within Africa. One particular individual feels it is a personal call to show the world just what […]

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President Mulatu Urges Norwegian Investment in Ethiopia
amharicnews.com

President Mulatu Teshome of Ethiopia bid farewell on Wednesday (June 11) to the outgoing Ambassador of Norway, Oding Kvalihen. President Mulatu noted the strong diplomatic relations between Ethiopia and Norway, and added that Ethiopia was committed to expedite the existing ties of the two countries into a higher level of diversified cooperation in various fields […]

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Ethiopia: Obama’s ‘Doing Business in Africa’ campaign gains momentum
amharicnews.com

US President Barack Obama’s ‘Doing Business in Africa’ campaign, aimed at increasing US investment in Africa, is gaining momentum ahead of an August Summit with African leaders. Senior Obama administration officials, however, said while the US’ commitment to engage in business is clear, achieving the desired goals would require serious groundwork. “America’s commitment to this […]

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KKR To Invest $200m In Ethiopian Flower Business
amharicnews.com

VENTURES AFRICA – New-York based global private equity company; KKR Co. has expressed interest in buying a percentage of leading Ethiopian flower company, Afriflora which grows about 730 million flowers for export yearly. According to reports, KKR intends to invest about $200 million of its $6.2 billion European fund in the deal that will be […]

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