ETHIOPIA CRIES!


The news was unequivocally heartbreaking for Ethiopia, a nation distinguished for its rich history of religious tolerance. The Libyan affiliate of the Islamic State in Iraq & the Levant (ISIL),…


ERCA Raises 96pc Planned Revenue, Addis Abeba’s Revenue Lower

The Ethiopian Revenues & Customs Authority (ERCA) released a near perfect nine month report for 2014/15 fiscal year, in which it bagged in 96pc of the targeted 98.4 billion Br.…


Court Releases Suspects in National Lottery Corruption Case

The Federal High Court of Lideta’s criminal bench released the four officials of the National Lottery Association (NLA) and the two agents, who were accused of the abuse of their…


Awassa Textile to Commence Expansion through 168m Br Loan

Awassa Textile S.C. is to undertake a 168 million Birr expansion project in its plant in one month through a loan agreement that it concluded on April 17, 2015 with…


Hilina Foods Licensed to Deliver Training

Hilina Enriched Foods Processing Centre Plc is poised to offer short courses in four food-related fields following a licence it acquired on April 16, 2015 from the Ethiopian Investment Commission…


Seventy-five Companies Bid for Procurement of Supplies

Seventy five companies are bidding for a three-year contract with the government for the supply of “common user items”, a shopping list of items used in the normal operation of…


Government Aims to Quadruple Coffee Production in Five-Years

The Ministry of Agriculture (MoA), in concert with the Ministry of Trade (MoT) has finalised a Coffee Development Strategy that will be used to boost coffee production in the second…


New Shoe and Leather Factory Invests $35m in Debre Birhan

A Turkish shoe company laid its cornerstone on a 70,000sqm plot in Debre Birhan on April 24, 2015 for the construction of a shoe and leather manufacturing plant targeting exclusivity.…


Government Re-thinking Ban on Private Palm Oil Imports

The government is reconsidering its ban on private companies importing palm oil, which has been in place since May 2011. The embargo was placed after the government failed to control…


Juniper Glass Industries to Open Factory in Debra Birhan, at $50m

Juniper Glass Industries to Open Factory in Debra Birhan, at $50m Juniper Glass Industries Plc is to open a factory on 12ht of land in Debre Birhan with a 50…


Ethiopia Cries

Heartbroken by the slaughter of her neighbours, a woman from Cherkos seen in a deep sorrow.   The day of rage and sadness; here police seen while trying to capture…


Shock, Grief and Rage in Addis Abeba

The news of the brutal murder of 30 Ethiopians (possibly including Eritreans) by militants of Islamic State (IS) on the shores of Libya has sent an utter shockwave in Addis…


Kefi Minerals to Mine Silver, Gold in Oromia with $151.6m Investment over 20 Years

Tolosa Shagi, minister of Mines, greeted members of the media on Monday, April 13, 2015, a few minutes before he signed a gold development agreement with Kefi Minerals, a UK…


MPs Mull over Request for Eight Billion Birr Supplementary Budget

Government, after announcing a salary increase to all civil servants in the country in 2014, without having clear budgetary provision and assessed demand from the regional governments, has now come…


Editorial

These are trying times for Ethiopia, with tragedies befallen on many Et...


Agenda

On Wednesday, FORTUNE STAFF WRITER, DAWIT ENDESHAW joined throngs of mo...


Fineline

If there is such a thing as a perfect storm, last w...


Commentary

China’s economy is faced with huge debt-induced distortions and seeks...


Viewpoint

There is something paradoxical about the development of infrastructure...


Opinion

A blip of my phone awakened me from the deep thoughts I was into. It wa...


Capital Insight

The recent anti-corruption crackdown surprised both citizens and analys...


View From Arada

The brutal killing of Ethiopians by Islamic State (IS) militants is sho...


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