Shift in Stewardship at Al Amoudi’s Saudi Star


An executive reshuffle by Mohammed Ali Al Amoudi (Sheikh) has led to the departure of Haile Assegdie from Saudi Star Agricultural Development Plc. He has been replaced by Jemal Ahmed,…


ERCA Announces Grace Period for Half Van Import Tax

Last week, the director general and his two deputies at the Ethiopian Revenues & Customs Authority (ERCA) decided a July 6, 2014 cut-off date for new tax rules on the…


Methane Flaring Machinery to be Installed as Part of Repi Landfill Clean-Up

Combustion Research Associates (CRA), an Indian company, will install methane flaring machinery at the Repi Landfill site over the next two weeks. This will come following the expected completion of…


Private Company to Manufacture Ethiopia’s First Sugarcane Crushing Machines

KG Engineering PLC is manufacturing sugarcane crushing machines in a 5.6 million Br contract. The machinery is being made for the Sugar Corporation, which awarded the contract to the Hibret…


The MetEC to Deliver 11m Br Mobile Toilets to the Capital

The Addis Abeba Water & Sewerage Authority (AAWSA) is acquiring 116 three square metre mobile toilets, for close to 100,000 Br each, in a contract awarded to the Metal &…


Dented Morale as Government Houses Employees Miss Out on Salary Increase

The Agency for Government Houses(AGH) has approved the recent salary increase for 120 employees who had mistakenly been excluded, while complaining about the impact on morale of 600 employees who…


Ethiopia’s Addis Abeba-Adama Expressway Finally Open

Ethiopia’s first expressway, the 84.7Km long road from Addis Abeba to Adama, officially opens to traffic today, September 14, 2014, in the presence of Muktar Kedir, president of the Oromia…


Eleven Companies in Tight Run to Win 900,000tn Fertiliser Tender

The government will shortly announce the companies it has selected for the supply of nearly 900,000tns of fertiliser. A total of 11 companies have responded to the August 2014 tender…


Nation’s Most Expensive Dam Undertaken by Sino-Ethiopia JV

A joint venture between two Chinese and one Ethiopian contractor are undertaking the construction of the twin Gebba Hydro electric power dams, with 9.3 billion Br in financing from China.…


Lion’s Departure Sees Third Ethiopian Bank President Resign in Fortnight

Negusu Gebregziabher has resigned from his job as President of Lion International Bank S.C (LIB), making him the third bank executive in the industry to leave a top post in…


Bank of Abyssinia Seeks Consultancy to Reach International Standards

The board of directors of the Bank of Abyssinia (BoA), chaired by Mehari Alemayehu, will soon disclose a closed bid winner for a consultancy to study and design the management…


ERA Awards Two Chinese Companies 5b Br Road Projects

The Ethiopian Roads Authority (ERA) has awarded two contracts worth five billion Br to two Chinese companies for the construction of two roads in eastern and southern Ethiopia. CGC Overseas…


New Controversial Bill to Reignite Outdoor Advertising

A new outdoor advertising bill the city cabinet is expected to approve will pass land to advertising companies through a lease, giving a break to a sector that has been…


Roads Authority Plans 600km of New Roads at Cost of 6.6b Br

The Addis Abeba City Roads Authority (AACRA) has allocated 6.6 billion Br to add just over 600kms to the city’s road network during the current 2014/15 fiscal year. The plans…


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There is little doubt within the local and international policy circles...


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The demand for locally produced fitness equipment has been increasing o...


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The migration of highly skilled and experienced per...


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The global south needs to conduct a major economic restructuring in ord...


Viewpoint

United Nations Secretary-General Ban Ki-moon has called the largest gat...


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The major battle of the post–World War II global economy was a fight...


Capital Insight

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


View From Arada

Commitments to reduce poverty are everywhere. But similar commitments t...


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