Ermias MulugetaMarch 15, 2020
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1min3890

Although Addis Ababa is not new to clinical laboratories, their steep rise in number over the past decade has been extra-ordinary. Encouraged by the growth in demand for such services, investors are now more interested in spending their money on setting up these labs. The road to success, however, has been a bumpy one. Despite their soaring numbers, experts say they are still too few considering the population of the country. EBR’s Ermias Mulugeta explores.


Ermias MulugetaMarch 15, 2020
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1min3920

Major traffic accidents have become an everyday occurrence in today’s Ethiopia. Traffic accidents killed more than 5,118 people during the past fiscal year alone. Beyond the statistic, there is the story of a father or mother, a son or daughter, a brother or sister, a grandchild, a colleague, or a classmate or friend whose life has been distorted in an instant by a road accident. EBR’s Ermias Mulugeta explores.


Ermias MulugetaJanuary 14, 2020
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1min12100

Commercial Bank of Ethiopia inaugurates a new branch that provides full-fledged banking services in Djibouti. Launched by President of Djibouti, Ismaïl Omar Guelleh in the presence of CBE’s President, Bacha Gina, the new branch is expected to enable Ethiopian investors get all types of domestic and international banking services at ease.


Ermias MulugetaJanuary 14, 2020
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1min15790

One of Ethiopia’s biggest de-facto conglomerates, East African Holding, registered a turnover of five billion Birr in the past fiscal year. While this is almost equal to an income of a big private bank, such a performance makes the Holding one of the most profitable private entity in Ethiopia. Having 17 subsidiaries, East African Holdings in engaged in the manufacturing of fast moving consumer goods, tea processing, printing and packaging, transport, real estate, cement production and coal mining.


Ermias MulugetaJanuary 10, 2020
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1min14880

US food and beverage giant PepsiCo bought stakes in Ethiopian crisps firm, Senselet Food Processing. In a statement, Amsterdam-based Veris said it will continue to maintain a minority interest in Senselet and “partner with PepsiCo to further grow the business and develop potato sourcing programs in Ethiopia”. Financial details relating to the transaction have not been disclosed.

Senselet, founded in 2015, produces Sun Chips, distributed throughout Addis Ababa and other large Ethiopian cities from Senselet’s factory located around 65 km from the capital, and employ more than 150 people. Last month, PepsiCo entered into an agreement to acquire BFY Brands, a global producer of Pop Corners snacks.


Ermias MulugetaJanuary 10, 2020
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1min8280

Ministry of Education decides to incorporate the concept of consumer protection and trade practices into the curriculum. Although not to be given as a separate course, it will be incorporated within main subjects, including mathematics, English, civics and social science, to both primary and secondary school students.

The move is targeted at raising literacy about fair trade competition and the rights of consumers. The curriculum will be implemented in all regional states and city administrations starting from the next academic year. It will also be put into practice along with the education road map launched last year.



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