Ethiopia Joins World Heritage Protection Committee

Nov 30 , 2019

Ethiopia joined a world heritage protection committee as a member for the next four years during a conference held on November 27, 2019. To join the committee under UNESCO, Ethiopia secured 125 votes out of the 168 countries that cast the ballot, according to a statement from the Ministry of Foreign Affairs. Ethiopia, with the other members, will work toward ensuring continental heritage registration and protection is given the right consideration. Following the vote, Ethiopia will be working as a member of the two major bodies of UNESCO, the executive board and the heritage protection committee. There are 21 members under the committee of UNESCO that implement heritage protection, usage of funds for the protection of world heritage, financial support to countries and registration of world heritages. The country has eight traditional and one natural heritage registered under UNESCO.


Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...