FOOT SWEEPS


FOOT SWEEPS

Two city monitors remove unlicensed posts from electric poles around the Bole area. Increasing numbers of street vendors operating without a license have required the employment of more patrol officers. The IMF indicated in 2020 that about a third of all economic activity in the developing world was informal. The adult illiteracy rate of the country which has averaged around 50pc for the last five years has been attributed as one of the causes for the presence of a significant informal sector.


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Premier Inaugurates Lemi National Cement Factory

Prime Minister Abiy Ahmed (PhD) inaugurated the slated-to-be largest cement factory in the nation, Lemi National Cement, marking a significant milestone in the industry. With a daily production capacity of 150,000 quintals upon full capacity, it is slated to massively grow national production. At the inauguration ceremony held Saturday, September 29, Prime Minister Abiy Ahmed (PhD) applauded the speed, quality, and size of the site, adding its installed capacity is half of the industry's curr...


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IMF to Unlock $345m in Loans, Concluding Ethiopia Deals First Review

Alvaro Piris, chief of the International Monetary Fund's (IMF) staff team, struck a bullish tone completing a two-week visit to Addis Abeba — an optimistic shift from his language of despair over the past three years. The change follows the conclusion of the first review of a four-year program agreed upon with Ethiopian authorities. Members of his team, over 20, met with Minister of Finance Ahmed Shide, Central Bank Governor Mamo Mihretu, and the Prime Minister's macroeconomic and monetary...


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Ministry Upgrades Public Transport Terminal

Ministry of Transport and Logistics is undertaking an upgrade to the public transport terminal at the Asco Public Transport Terminal, one of the terminals in Addis Abeba city. The works include paving 6,000 square meters of concrete asphalt, temporary accommodation sheds and chairs for passengers, as well as guard house and office space renovation. The work will enable a 24-hour service upon completion. Seifu Kenfu, executive director of infrastructure at the Ministry, stated that the aim is to...


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