Welcome to AddisBiz.com
AddisBiz is a website which focuses on providing important and curated business information about the growing Ethiopian business scene for local and international audiences. Our website aims to provide a platform where users from all over the world can conveniently and easily find information about businesses in Ethiopia as well as new laws and developments which might affect businesses in Ethiopia. Our growing business directory has contact details for more than 19,000 companies in Ethiopia. Businesses in Ethiopia can submit their business details and promote their products and services on our website for a very small annual fee. For more details, please visit our contact us page.
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Business News
Latest
New bank called Akufada Bank is in the process of formation
According to a press report held on Oct 17, 2020 in Yod Abyssinia, a new bank called Akufada Bank s.c is under formation. According to the press report, the new bank under formation has prepared 2 million (2,000,000) shares each one worth 1,000 birr.
Business News
Latest
State owned Enterprises (SoEs) revenue falls short of target
The State owned Enterprises (SoEs) have generated some 300 billion birr in revenues, 38 billion birr short from the targeted revenues while securing 55.66 billion birr in profits which as well short of the 70 billion birr in profit before taxes, set for the concluded Fiscal Year.
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Blog, News
Latest
Ethiopia unveils new 200 birr note and updates the existing 100, 50 and 10 birr notes
Ethiopia has unveiled new Birr notes for 10, 50 & 100 denominations, with introduction of a new Birr 200 note. The new notes are expected to fight financing of illegal activities; corruption & contraband.
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Hossana Bank, a new private bank to be established
Hossana Bank S.C is a new bank under formation set to join the evergrowing banking sector. By organizing all of its capital, financial, technological, and human resources, the bank has reached the final stages of “under-formation” status and is awaiting finalization from the national bank.
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Haile Hotels & Resort adds 500mln birr Adama Resort as it’s 9th Property
Olympian Haile Gebreselassie has inaugurated his latest addition to his collection of hotels, now numbered seven, in the City of Adama. This comes as two of his hotels in Batu (Zeway) and Shashemene were recently destroyed undermining his determination to build two dozen hotels by 2025.
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