LIBERAL LEAN


LIBERAL LEAN

An infrastructure pole around Bole is being moved on a busy afternoon. The first telephone infrastructure was extended from Harar to the capital city in 1894, during the reign of Emperor Menelik II. The state-owned Ethiopian Telecom has made significant headway since its reestablishment six years ago by cutting tariffs, expanding coverage, and entering new business avenues. The 130-year-old enterprise will avail a 10pc ownership stake as Ethiopia launches its inaugural stock exchange next year. It had revenues of 42.9 billion Br in the first half of the current year. The telecom operator which had a monopoly on telecom services for all but the last two years is the first of at least four SOEs poised to open themselves up to private ownership.

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In-Picture

TIMELESS COMEBACK

Unilever Ethiopia, a subsidiary of the British household name Unilever, unveiled a new line of Vaseline skincare products on Thursday, June 26, at the Sheraton Hotel. The launch featured several new scented lotions and petroleum jelly products. Unilever Ethiopia CEO Nesibu Temesgen and UK Ambassador to Ethiopia Darren Welch attended the event...


In-Picture

SKY LOOP

As a part of the enormous makeover of the country, a curvacious metal object pops out around Ghion Hotel, Stadium area announcing its presence among the electric poles in the area. Huge structures like these exist around the world serving different purposes and as a country planned for smart cities, the newly upgrades hint the essence of the plan...


In-Picture

DRIED WEALTH

No matter the inflation or currency swings, food stays a top priority after shelter—though both come at a high cost. Ehel Berenda in Atobis Tera, the backbone of the grain supply, waits for customers making their once-in-a-few-months bulk purchase, unless big events call for food to serve hundreds or thousands. Dried foods like grains and pulses are essential here: mainly because they can be stored well for months, and ensure families have security when times get tough...