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Supreme Court Exonerates Fikru Maru

Justices of the Supreme Court have ruled acquitting Fikru Maru (MD), a cardiovascular specialist and hospital owner, overruling an earlier conviction of corruption given by a lower court which sentenced him to four years and eight months.

An appeal lodged…

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Pizza Hut to open in Addis

Pizza Hut, a division of Yum! Brands Inc will be introducing the first US chain restaurant in Ethiopia within the next six months. Pizza Hut signed the agreement with Belayab Foods and Franchises on Wednesday April 26, 2017. Although it…

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Hyundai Set to Assemble Locally

Hyundai Set to Assemble Locally

After over seven years of importing vehicles to the local market, Marathon Motors Engineering Plc is to construct a commercial vehicle assembly plant in partnership with Hyundai Motor Manufacturing, in the outskirts of the city.

Marathon is expected to officially…

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Gomeju Oil starts it's operation

Gomeju Oil Ethiopia has invested 700 million birr to distribute petroleum products. At an inaugural ceremony on May 7 founder Tewodros Yeshiwas, pointed to the increasing number of trucks and the lack of gas stations as the motivation behind investing…

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Shangri-La bids for Hilton takeover

Shangri-La Hotels and Resorts potentially want to partner with the government to run the hospitality business in Ethiopia when the current international partner Hilton Worldwide concludes its association in the next couple of years.

The Asian multinational hospitality giant has…

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Teddy Afro Launches a new Album

Ethiopia’s pop sensation, Tewodros Kassahun, has released his long anticipated album dubbed “Ethiopia”, thereby taking not only of a huge fan base to ecstasy but also triggering the renewed sale of the legendary Amharic novel, “Fiker-Eske-Meqabir“, literally translated “Love to…

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