US-based PepsiCo eyes Ethiopia investment
PepsiCo Inc., an American multinational food, snack and beverage corporation, has expressed its interest to invest in Ethiopia.
Business & Finance
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UK-Germany fund to protect Ethiopian textile industry jobs
A new fund set up by the United Kingdom and Germany in collaboration with Ethiopia could save thousands of jobs in the east African country’s textile and garment industry, while helping support its economic recovery from COVID-19. With $6.5 million invested at its recent launch, the partnership aims at helping safeguard an important industry.
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Internet subscribers rise sharply
New internet service customers at the state monopoly Ethio Telecom has tripled in the past couple of weeks because of price cut and the latest stay at home initiative for COVID-19.
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Nation’s New Digital Economy Set to Enhance Electronic Transaction
Ethiopia’s new drive in establishing digital economy has taken a giant step forward with the adoption of the new draft proclamation on e-transaction, Prime Minister Abiy Ahmed said.
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Eagle Hills launches Addis Ababa luxury apartments’ sales
Eagle Hills, Abu Dhabi-based private real estate investment and development firm, is set to launch sales for its luxury apartments under-construction at the center of Addis Ababa, Ethiopia.
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Ethiopian Airlines generates $4.2 billion revenue
Ethiopian Airlines (Ethiopian) has said it carried more than 12.5 million passengers last Ethiopian fiscal year which ended July 7.
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