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Simachew Kebede Finally Gets out of Prison

Simachew Kebede, the major shareholder of DH Simex Plc that owns Intercontinental Addis Hotel, finally gets out of prison after settling the case with the Federal Prison Administration, which resisted his release mentioning the pending appeal against him. He was…

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Tiens Ethiopia Hopes to Regain License

Tiens Ethiopia Hopes to Regain License

The Federal Supreme Court Cassation Bench on July 27, 2017, lifted the trade license revocation of Tiens Ethiopia Plc, a supplier of various items, mainly medical supplements, ordering the Ministry of Trade (MoT) to review the case again and pass…

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Magnolia Hotel & Conference Center opens it's doors

Magnolia Hotel & Conference Center becomes the latest entrant to the hospitality industry with an estimated cost of half a billion Birr, situated on Cape Verde Avenue, opposite the premises of the European Union Delegation to Ethiopia, in Bole District.…

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Diaper Manufacturing Plant Breaks New Ground in Hawassa

Ontex Hygienic Disposables Plc, a manufacturer of Canbebe brand diapers, in partnership with Tracon Trading Plc, inaugurated the first diaper manufacturing plant in Hawassa Industrial Park (HIP) on Tuesday, July 11, 2017, with a quarter of a billion Br investment.…

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Third Expressway to be constructed in Ethiopia

The Ethiopian Roads Authority (ERA) is considering only Chinese companies for the construction of the nation’s third expressway, which will extend the Addis-Adama Expressway, with an estimated cost of 12 billion Br it secured from the EX-IM Bank of China.…

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