HQ ROADBLOCK

For months now, construction of Commercial Bank of Ethiopia’s (CBE) headquarters has claimed part of the two-way Ras Desta Damtew Street that runs between Ghion Hotel and Ambassador Theater.


HQ ROADBLOCK

For months now, construction of Commercial Bank of Ethiopia’s (CBE) headquarters has claimed part of the two-way Ras Desta Damtew Street that runs between Ghion Hotel and Ambassador Theater. In the later stages of its finishing, the headquarters will be the largest skyscraper when completed. Expected to cost the state commercial bank over five billion Birr, its headstone was laid in 2015 with the design-and-build deal awarded to the China State Construction & Engineering Corporation. At the moment, it has been a headache for vehicles passing by it.


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Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...


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Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...


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Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...