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Price Freeze Uncertainty Plunges Market in Chaos

January 18, 2011 admin 0

The government’s move just before the Ethiopian Christmas to freeze the prices of certain commodities has created chaos in the market as consumers and traders are confused about where in the chain the set prices apply.

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Government imposes price ceiling

January 14, 2011 admin 0

“You are the result of our system,” Meles told the business community which has come out from the shadow of communist system along with the current regime. The prime minister said it is the government’s responsibility to support the private sector as it the basis of the country’s development.

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Tourists brave blistering heat

January 5, 2011 admin 0

Ethiopia’s Danakil Desert is home to one of planet earth’s most extreme environments and has been dubbed the ‘cruellest place on Earth’.

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We have made history!

January 4, 2011 admin 3

“We have made history!” Ethiopian CEO Girma Wake said on Thursday, flanked by his successor Tewolde GebreMariam and his new management team. Indeed they made history with Girma Wake writing the main chapter.

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Liquor, Sushi in Chill Out Lounge

January 4, 2011 admin 1

Liquid Lounge, located in Kazanchis, opened its doors two weeks ago. It is not only a lounge and bar, but also a restaurant; while it is not exclusive, it is not cheap; and while foreigners hang out there, Ethiopians do too.

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Chicken Hut Opens Branches in Addis Ababa

December 29, 2010 admin 3

Despite Chicken Hut, the international chain, opening a branch in Addis Abeba, with plans to open more in its wake to serve the capital fried chicken 15 hours a day, it is not exactly a fast food franchise, writes MIREILLE DE VILLIERS, SPECIAL TO FORTUNE.