Gambella Investors Angry Over Report


At a recent meeting with government officials, investors reacted angrily to the release of a report on the commercial farm investment in Gambella Region. The investors fiercely criticized officials on…


U.S. Program Helps Ethiopian Farmers

Feed the Future Ethiopia Commercial Farm Services Project is set to provide funding for 20 entrepreneurs and farmers’ cooperative unions to open new farm service centers in Ethiopia’s four major…


Government Buys Fertilizer from New Supplier

The Ethiopian Agricultural Business Corporation (EABC) said it has purchased 936,430 tonnes of fertilizer at a cost of 6.4 billion Br. Seventy pc of the purchased fertilizer was bought from…


Debub’s Profits Head North

Debub Global Bank S.C. has increased its profit by three fold to 52 million Br. The bank has been experiencing a positive profit turnaround the past two years after it…


State Monopoly Printing Profit

Brehan Ena Selam Priniting Enterprise has reported that it earned a profit of 36.3 million Birr during the first quarter of the current fiscal year. The figure exceeded by 135pc…


Lion Insurance Profit’s Tumble

Lion Insurance Company reported a net profit of 17 million Br last year. The figure is 2.2 million Br lower than that of the preceding fiscal year. Earnings per share…


Indian Company to Provide Veterans with Prosthetic Limbs

JMC Projects India, a company contracted to build a 109 km stretch of asphalt roads connecting Ethiopia and Kenya, has partnered with BMVSS Jaipur, an Indian based prosthetic limbs manufacturer,…


So Fresh, So Clean Clean

One of the unique scenes within Addis are the listos / shoe-shine-boys who hustle pedestrians for a quick shinny clean. They charge a very reasonable price, as low as five…


A Towering Waste

The diplomatic capital city of Africa, Addis, is in a transition to becoming a modern city. There are constructions in all parts of the country, as it emerges as a…


Prime Minister Launches Gilgel Gibe Dam

Prime Minister Hailemariam Desalegn has officially launched Gibe III hydropower project of the Ethiopian Electric Power. “Attaining development plans without electricity will be difficult for the country,” the Prime Minister…


Ethiopia’s Second Paper Factory to Open in Dukem

Ismael Toure Business PLC and other share holders are set to construct a billion birr factory in Dukem. Located within the Dukem Eastern Industry zone, in the Oromia Regional State,…


Aviation Expansion Set with AFDB Loan

The African Development Bank (AFDB) has approved a 159 million dollar loan to Ethiopian Airlines to help expand and modernise ts fleets, of these 85pc of the loan financed by…


Agency Pays One Billion Br for Medicines

The Ethiopian Pharmaceutical Fund and Supply Agency has bought medicines worth one billion Birr from the local market. The medicines were distributed to 17 branches across the country this year.…


Sidewalk Sale

In the Ayat round-about, people are using a makeshift shelter, to sell products and dine in for fast food. This is a scene that is becoming normal, especially in new…


Ethiopia Won’t Be Middle Income, UN Predicts

A week after the World Bank described Ethiopia as one of the fastest growing economies, the United Nations Conference on Trade and Development (UNCTAD) predicted the country will not become…


Nile Sees Declining Profit, Again

Nile Insurance registered a 57pc decline in profit to 20 million Birr. This is while it earned per share income of 199 Br, which is almost three times lower than…


Editorial

Ethiopia is in the midst of a state of emergency. At a press conference...


Agenda

Holidays are mostly considered by the Banks to be a peak season when it...


Fineline

Addis Abeba is in a bizarre mood lately. And for a...


Commentary

Over the past decade or so, Ethiopia has been in the limelight of globa...


Viewpoint

Over two-thirds of Africa’s people lack access to electricity. Approx...


Opinion

Karl Marx was not such a naive man, as some would be forgiven to think,...


View From Arada

Our subscribers to the print edition are entitled to get a bonus in a f...


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