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Dec 19 , 2020

UN Provides $36.6m to Conflict Victims

The United Nations (UN) has allocated 36.6 million dollars in response to the conflict in Tigray Regional State for the provision of water, sanitation and medical supplies, as well as the protection o...

Dec 19 , 2020

French Firm Invests in Local Logistics Company

CEVA Logistics, a part of the French shipping giant CMA CGM Group, has taken a step forward in its expansion into the African market after acquiring a minority stake in MACCFA Freight Logistics, a lon...

Dec 19 , 2020

Ethiopia Forms Economic Advisors Council

The administration of Prime Minister Abiy Ahmed has formed a 16-member Independent National Council of Economic Advisors who will be advising the government on economic matters. The Council consist...

Dec 12 , 2020

Agricultural Agency Receives Glowing Report

The Food & Agriculture Organisation of the United Nations (FAO), which has conducted an independent evaluation of the Agricultural Transformation Agency (ATA), stated that the latter played a role...

Dec 12 , 2020

Ethio telecom Thwarts Cyber Attack Attempts 

Ethio telecom, the country's sole telecom operator, has reported nearly 40 billion cyberattack attempts on its system over the course of 14 days. The cyberattacks, which were recorded between November...

Dec 12 , 2020

TALE OF TWO BUILDINGS

One of the most fascinating things about the local construction industry is that a lack of foreign currency prevents many from being finished on time. As these two buildings show, many are rising out...

Dec 12 , 2020

PANDEMIC ART

Works of arts, including several abstract paintings by a mix of artists, are being exhibited at the Hyatt Regency. On display for 20 days starting from December 1, 2020, the exhibition is titled, “W...

Dec 12 , 2020

CONFUSION IN THE SIGN

Signs can sometimes be confusing in Addis Abeba. This pedestrian walkway is closed off by a sign that reads, “Parking Not Allowed,” although it is obvious that the space is not available for parki...

Dec 12 , 2020

Chamber, Ethio Promotions team-up for Trade Fair in DC

The Ethiopian Chamber of Commerce & Sectoral Association has partnered with Ethio Promotions LLC to host a trade fair in Washington, D.C. next year. The two parties signed a memorandum of understa...

Dec 12 , 2020

Red Cross Relief Convoy Arrives in Meqelle

The International Committee of the Red Cross has delivered a convoy containing medical supplies and other necessary aid items to Meqelle, capital of Tigray Regional State. The convoy of seven trucks i...

Dec 12 , 2020

Denmark Backs Meteorological Agency with 8.8m Euros

The Ministry of Finance and Danske Bank, a Danish commercial bank, signed a loan financing agreement amounting to close to nine million euros last Friday, December 11, 2020. The loan has been acquired...

Dec 12 , 2020

Agricultural Corporation Avoids Anticipated Loss

The Ethiopian Agricultural Business Corporation has managed to surpass its initial earnings target by 125pc. The firm brought in 724.8 million Br in revenues in the first quarter of this fiscal year....

Dec 12 , 2020

Council Approves 10-Year Dev't Plan

The Council of Ministers has approved the 10-year Perspective Development Plan put forward by the Planning & Development Commission last week. The Plan intends to achieve 10.2pc annual economic gr...

Dec 12 , 2020

Japan Bequeaths 3.4m Br to Primary School

Japan donated 90,000 dollars last week for the construction of a library and teachers' rooms at Temenja Yaj Primary School in Addis Abeba. The school requested Japan's assistance to accommodate its gr...

Dec 5 , 2020

TILT

An Isuzu truck, after collecting too much garbage from various pick-up spots, has gotten stuck in a hole, making the vehicle tilt to one side and causing one tyre to lift off the ground. Garbage conti...

Dec 5 , 2020

NO BREAD SHEGER

There was much enthusiasm following the inauguration of the industrial scale bread factory, Sheger, funded by MIDROC's Horizon Plantations Plc. With a capacity of baking 1.6 million loaves of bread an...


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