FROM ANOTHER ERA

The glory days of this Volkswagen Beetle are far behind it.


FROM ANOTHER ERA

The glory days of this Volkswagen Beetle are far behind it. Like many of its kind, it can no longer take on the streets, which has been taken by younger fitter versions of Volkswagens, but mostly Asian cars, Toyota, Hyundai and Suzuki models. But Beetles are sometimes used, mainly for the purposes of eccentricity during events, or as objects to dry other stuff of on as in this photo.

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Radar

Dangote, EIH Break Ground on Mega Fertilizer Plant in Somali Region

Ethiopian Investment Holdings (EIH), the state's sovereign investment arm, has struck a deal with Dangote Group to build one of the world's largest urea fertiliser complexes in Gode, Somali Regional State. The 2.5 billion dollars project will see EIH hold a 40pc stake while Dangote keeps 60pc. With agriculture employing over 70pc of Ethiopians, the government hopes the factory will cut fertiliser costs, create jobs, and boost crop yields while positioning the country as a regional hub. Design...


Radar

CBE Capital Joins Nib Bank for Market Expansion

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Radar

Credit Cap Nears Lift-Off

The National Bank of Ethiopia (NBE) is preparing to lift its long-standing credit cap by September, unlocking 1.3 trillion Br in bank lending. The move, flagged by board member and State Minister of Finance Eyob Tekalegn (PhD), follows years of complaints from businesses that borrowing limits choked large-scale projects. Eyob told a local radio station the reform reflects rising investor appetite and improved economic conditions, though he admitted "financing has been the biggest bottleneck for...