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 the results of the...


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 regions. Each recipie...


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 OCP, a Moroccan based global m...


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 made a loss in its first year of operation. In...


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 the target set by the enterprise. Last yea...


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 declined from seven Birr to six Birr. The decli...


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, to provide lower limb pro...


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 Birr. Some use charm, while others use the conve...


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 skyscraper nation. In all that is changing, what is unfo...


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 M...


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, the new factory will manufacture pulp,...


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 the African Trade Insurance (ATI). As part...


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. Each of the branches d...


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 neighborhoods in Addis, as many people are finding way...


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 a middle income nation by 2025...


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 the preceding fiscal year. In 2014/15, during its 20th...


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