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Aug 31 , 2019

GERD gets 970m Br

The construction of the Grand Ethiopian Renaissance Dam (GERD) received 970 million Br in funding from the public in the recently ended fiscal year. Launched by former Prime Minister Meles Zenawi,...

Aug 31 , 2019

Ethiopia earns $318m from Horticulture Exports

Ethiopia has earned 318 million dollars from the export of flowers and other horticulture products in the just concluded fiscal year. The nation generated 261 million dollars form the export of flower...

Aug 24 , 2019

HUMANITARIAN DAY

Aeneas Chuma (left), UN resident and humanitarian coordinator, and Zeynu Jemal (centre), state minister of Peace, attend a reception celebrating the 2019 Humanitarian Day at Capital Hotel in Addis Abe...

Aug 24 , 2019

CHICKEN, ANYONE?

The first sixteen days of the Ethiopian month of Nehase (August), is a fasting time similar to lent. Devout Orthodox Christians avoid meat and dairy products for the duration of the fast. This enterpr...

Aug 24 , 2019

OVERLOADED

Waste is a big business nowadays. This pickup truck is overflowing with recyclable waste that has been sorted from garbage collected from residences and businesses in the Gerji area. It is headed for...

Aug 24 , 2019

Dashen Buys National Cement’s Debt

Dashen Bank S.C., one of the private commercial banks, bought a 1.2 billion Br loan that National Cement took from the state policy bank, Development Bank of Ethiopia (DBE). National Cement, a subs...

Aug 24 , 2019

Qatar to Build Kidney Hospital

The Qatar Fund for Development (QFFD) has pledged to build a kidney treatment hospital in Ethiopia. QFFD will build the hospital based on the agreement that was previously reached between the leade...

Aug 24 , 2019

Afar Gets Iodized Salt Plant

An iodized salt plant built by Ethiopian and Turkish investors for 14.7 million dollars was inaugurated in Semera, Afar Regional State on August 19, 2019. About 66pc of the construction cost of the...

Aug 24 , 2019

National Aviation Hires 16 Kenyans

National Aviation College, a sister company of National Airways, hired 16 professors from Kenya who will be teaching international trade and economics, strategic management, risk and insurance, bankin...

Aug 24 , 2019

Water, Electric Utilities Generate 7.9b Br

Addis Abeba Water & Sewerage Authority and Ethiopian Electric Utility have collected more than 7.9 billion Br from operations in the last fiscal year. AAWSA has collected 862 million Br from a...

Aug 24 , 2019

MetEC Incurs 1.7b Br Loss

Metals & Engineering Corporation (MetEC) lost nearly 1.7 billion Br through outdated pre-paid orders. The Corporation planned to supply nine billion Birr worth of raw materials, aiming to get a...

Aug 24 , 2019

UK Endows Ethiopia with £120m

The government of the United Kingdom has pledged 120 million pounds worth of grants to Ethiopia. The agreements were signed at the Ministry of Finance between Admasu Nebebe, state minister for Fina...

Aug 17 , 2019

BUSING STONES

Anbessa City Bus Service Enterprise and its employees are volunteering to help build houses for weak and older adults in the Saris area of the capital. They are using this battered old bus that is no...

Aug 17 , 2019

DRUMMING UP SALES

Street vendors in Addis Abeba tend to carry the same kind of products for a few weeks at a time. The product of the week seems to be traditional drums that sell for 100 to 150 birr each. The two boys...

Aug 17 , 2019

A SECOND LOOK

The National Educational Assessment and Examinations Agency, the government agency responsible for conducting the Ethiopian national exam for grade 10 known as the General School Leaving Certificate E...

Aug 17 , 2019

Commercial Bank Bags 17.9b Br Profit

Commercial Bank of Ethiopia (CBE) earned 17.9 billion Br gross profit during the recently ended fiscal year. In the reported period, the Bank opened 157 branches, pushing the total number of branch...


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