The Addis International Convention Center (AICC) Share Company has approved a second‑phase expansion project worth 7.537 billion birr, doubling down on its ambitions despite registering a 150.4 million birr net loss in its first year of operation.
The decision comes less than a year after the institution inaugurated its first phase in February 2025, following a 5.9 billion birr investment in modern exhibition halls and convention infrastructure. While the initial phase has been completed, AICC says it is still in a “pre‑profit” stage, grappling with the high setup costs and low utilization typical of large capital‑intensive projects in the global Meetings, Incentives, Conferences, and Exhibitions (MICE) sector.
The new expansion plan is designed to strengthen Addis Ababa’s positioning as Africa’s diplomatic and commercial hub, enabling the city to compete more effectively with regional convention centers in...
In Ethiopia’s ongoing effort to strengthen its health system, the conversation is shifting from policy frameworks to practical ownership, from expansion to equity. Dr. Tsion Terefe Abeme, Program Development Manager at Orbis International, reflects on what it takes to translate ambition into sustained results. In this wide-ranging interview with Capital, she discusses the meaning of genuine country ownership, the...
Andrzej Dycha, Chairman of Poland's Investment and Trade Agency (PAIH), tells Capital’s Groum Abate that Ethiopia's market size, economic opening and direct flight links make it a prime target for Polish firms—especially in IT, dairy processing and critical minerals—as bilateral trade remains below €50 million annually. Excerpts:
Capital: How do you evaluate the current business situation in Poland and Ethiopia?
Andrzej...
Experience elevated living in this stunning penthouse apartment located on the 11th floor of City Plaza, Bole Road—one of Addis Ababa’s most vibrant and sought-after areas.
This spacious and fully furnished residence features:
5 large bedrooms
Modern, fully equipped kitchen
Elegant living and dining spaces
Panoramic city views
Designed for comfort and style, the apartment offers the perfect blend of privacy, convenience, and luxury, with...
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Title of the EOI:
Procurement of IPhones,...
SALE OF OBSOLETE FURNITURE AND SCRAP.
R EF# P RO3 2 - 3 - 7 50- P M U/2 6 - 4 - 1
The United Nations Economic Commission for Africa (UNECA) invites interested bidders to participate in a closed bid exercise for the sale of obsolete furniture and scrap.
The bid items are to be sold “as is, where is” without...
The International Rescue Committee (IRC) is one of the world’s leading humanitarian and development organizations, operating in over 40 countries to deliver relief, rehabilitation, and post-crisis recovery services. Since initiating operations in Ethiopia in 2000 in response to severe drought, the IRC has implemented integrated emergency and development programs across six regions of Ethiopia. Its programming spans health, water and sanitation,...
The 20th edition of the Addis International Film Festival (AIFF) is set to mark a milestone for African documentary cinema, reaffirming the Ethiopian capital as a hub for human‑rights storytelling and independent filmmaking.
The 20th Addis International Film Festival will run from April 29 to May 3, 2026, in Addis Ababa, hosted by Initiative Africa at multiple cultural venues across...
A diplomatic photography exhibition titled “Africa through the Eyes of Diplomats: Africa Close to Your Heart” opened on Wednesday at the Hyatt Regency Addis Ababa, showcasing intimate images captured by over 28 ambassadors and international organization representatives during their travels across the continent.
second edition of visual art project brings together the diplomatic community to share personal perspectives on Africa’s...
By our staff reporter
The Mauritius Commercial Bank Limited (MCB) has provided a strategic financing package to Invictus Investment Company PLC (ADX: INVICTUS), a prominent agro-food enterprise operating in the Middle East and Africa. The package, structured as an acquisition finance and revolving credit facility, aims to support Invictus Investment’s expansion into new markets and strengthen its working capital position as it scales operations.
This financing agreement builds on the existing partnership between MCB and Invictus Investment and underscores a shared commitment to advancing food security...
By our staff reporter
Wingu Africa has launched Wingu Cloud Exchange (WCX), a locally hosted private cloud platform designed for the wider East African region.WCX gives organisations a secure, compliant, cost-effective, and easy-to-use alternative to offshore cloud services. With transparent local-currency pricing, rapid deployment, and instant scalability, it enables businesses to grow workloads without complexity or unpredictable costs. Launching first in Tanzania, the platform will gradually roll out across all Wingu markets, including Ethiopia and Djibouti.
WCX includes Wingu Compute, Wingu Kubernetes, Wingu Drive, and Wingu...