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On Defence

Dawit Yifru (centre), Ethiopian keyboardist, briefed the media and members of the artistic community, such as actor Debebe Eshetu (left)

On Defence

Dawit Yifru (centre), Ethiopian keyboardist, briefed the media and members of the artistic community, such as actor Debebe Eshetu (left), at the National Theatre on standing in solidarity with the Ethiopian armed forces during an event on November 14, 2020. The programme was held as forces of the federal and Tigray regional governments continue to engage militarily.

Radar

Shipping Behemoth Beats Profit Target Despite Cargo Dip

Ethiopian Shipping & Logistics (ESL) announced its six-month performance report for the fiscal year, revealing a mixed outcome. While it achieved 95pc of its operational service target, handling 2,880,187tn of cargo, this represents a slight decrease compared to the same period in the previous fiscal year. The ESL attributed this dip primarily to global difficulties, notably Red Sea shipping disruptions. Despite these hurdles, the company reported exceeding its profit targets. Projecting...

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Radar

Customs Hits Revenue Target, Cracks Down on Smuggling

The Ethiopian Customs Commission announced that it has exceeded its revenue collection target for the first six months of the fiscal year. The Commission collected 203.75 billion Br, surpassing the planned 190.9 billion birr by 106.73pc, representing a 106.7 billion Br increase compared to the same period in the previous fiscal year. Commissioner Debele Kabeta noted that coordinated efforts with other institutions to prevent contraband contributed to the successful outcome, resulting in the seiz...

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Radar

Italy Boosts Ethiopian Tech Innovation

A 4.69-million-dollar (4.5 million Euro) grant to establish an incubation centre for high-technology innovation enterprises has been availed by the Italian government. Minister of Finance, Ahmed Shide, and the Italian Minister of Universities & Research, Anna M. Berini, joined by Italian Ambassador to Ethiopia, Agostino Palese, signed the agreement at the ministry's headquarters last week. The project includes the development of a Fabrication (FAB) Lab equipped with advanced manufacturing...

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