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May 4 , 2019

Blocked

A vehicle operated drilling device on a low bed truck hit the fence of the main street's divider in Leghar. Passerby gathered as the construction team from a nearby building helped, and traffic was di...

May 4 , 2019

COLOURFUL VENDING

Different colours and sizes of shoelaces and shoe soles are displayed for sale in the middle of the street near Ambassador Theater. One of the tent's strings is attached to a facility of a police stat...

May 4 , 2019

Ministry Waives Taxation on Crust

The Ministry of Finance has waived the 150pc taxation imposed on the export of semi-finished leather. The taxation was imposed on the export of crust leather, the leather that has dried after tanni...

May 4 , 2019

Addis Gets Cardiac Care Centre

A cornerstone was laid to build a specialised cardiac care centre at Black Lion Hospital for 40 million euros. Expected to take two years to complete, the project is financed by the Dutch and Ethio...

May 4 , 2019

Tele, Employees Commit 180m Br for Sheger

Ethio telecom and its employees have pledged 180 million Br for a project to beautify Addis Abeba. Out of the total value, 80 million Br will be contributed by the employees, who will be working fo...

May 4 , 2019

Industrial Parks Generate $103m

The five operational industrial parks generated 103 million dollars from exports in the first three-quarters of the current fiscal year. This is a 40pc improvement from last year's performance, whi...

May 4 , 2019

New Beer Flows in Market

The latest brewery, formed by a joint venture between local, family-owned Kangaroo Industrial Group and United Africa Beverages Company, launched Anbessa Beer. The company opened the latest beer ma...

May 4 , 2019

Water Project in Dire Dawa Goes Operational

A potable water project that will give water access to 600,000 residents in Dire Dawa has become operational. Built with 900 million Br financing from the World Bank and the government of Ethiopia...

May 4 , 2019

Continental Free Trade Area to Go Active in July

The African Continental Free Trade Area, which aims to create a single continental market for goods and services, will officially enter into force in July. It is expected to start during the next E...

Apr 26 , 2019

OPEN HOLIDAY MARKET

In an open holiday market in the area close to the National Stadium, a dealer displays paintings and posters. The pictures ordered on the ground offer different colours and themes. The paintings and p...

Apr 26 , 2019

SMASHED

A group of dancers perform a musical drama show at the Diageo Smashed Project at Mosaic Hotel on April 24, 2019. The project was held to educate young people on the dangers of underage drinking throug...

Apr 26 , 2019

VENDING

Two street vendors carry chairs, tables and kitchenware in the middle of Piassa. The vendors sell their merchandise in and around the neighbourhoods ahead of Fasika, Ethiopian Easter. An approaching h...

Apr 26 , 2019

Ministry Grants Three Exploration Licenses

The Ministry of Mines & Petroleum has given exploration concessions to three companies to explore gold, metals and coal in Tigray, Amhara and Benishangul-Gumuz regional states. The companies ar...

Apr 26 , 2019

Export Revenue Keeps Sliding

Ethiopia earned 1.9 billion dollars from the export of goods in the first nine months of this fiscal year. It is a decline of nine percent compared to the same period last year and 39pc below the t...

Apr 26 , 2019

US Ag Firm Launches New Brand

Corteva Agriscience, the agriculture division of global chemical behemoth DowDuPont, launched a new brand in Ethiopia. At the brand launch ceremony, Corteva Agriscience signed a collaboration agree...

Apr 26 , 2019

Private Equity Firm Buys Stake in Detergent Maker

The Swiss-based private equity firm, Zoscales Partners, bought a majority share of Ethio-Asian Industry, a detergent producer partly owned by East African Holdings. In 2018, Zoscales Partners annou...


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