Market News | Ethiopia International Trade Exhibition (EITE) 2018

Market News

  • East Africa to Benefit from Brexit - UK High Commissioner

    Posted on :Friday , 17th February 2017

    The United Kingdom has promised to strengthen trade and investment links with the East African Community Partner States for mutual benefit.

    UK High Commissioner to Tanzania, Ms Sarah Cooke, said that her country would remain an outward focused trade-based economy with strong partnerships with other countries and regional economic blocs even in the wake of Brexit.
  • Africa's Urban Population to Reach 1 Billion by 2040 - World Bank Report

    Posted on :Thursday , 16th February 2017

    The World Bank (WB) has reported that Africa's urban population will double over the next 25 years, reaching 1 billion people by year 2040.

    The report cites the population of the continent's urban areas as 472 million, and predicts that an additional 187 million people will be added to urban areas by 2025 to reach the predicted figure.
  • Africa Remains Continent of Hope - UN Secretary General

    Posted on :Monday , 6th February 2017

    UN Secretary-General António Guterres says Africa remains a continent of hope in spite of the obvious crises and underdevelopment currently ravaging the region.

    Guterres, in a commentary entitled: "A Continent of Hope", following his visit to the region on Monday to participate at the 28th Summit of the African Union in Addis Ababa, said there are m. . .

  • Expogroup Wins Big at the Tanzania Leadership Awards 2016

    Posted on :Friday , 3rd February 2017

      On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees. . .

  • Ethiopia: Addis Bank Registers Huge Profits

    Posted on :Friday , 3rd February 2017

    Addis International Bank has had an impressive year, registering an annual profit growth of 100pc, since its establishment in 2011 as one of the late entrants into the banking industry. The Bank earned a net profit of 85.3 million Br in the 2015/16 fiscal year, a 46pc increase over its performance in the previous year.

    The Bank currently claims to have over 8,370 sh. . .


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