SEASONAL SASS


SEASONAL SASS

A rooster around Qera slated for slaughter over the holidays looks on in a comical quandary. As starting prices for chickens and fowls quiver around 650 Br in the holiday season, some households have unsurprisingly changed up their holiday culinary preferences towards inflation-friendly choices. While Ethiopian Christmas celebrations are not particularly marked by huge funds for culinary delights, a spicy chicken stew often adorned the festivities. Even though the country serves as home to the largest livestock population in the continent and one of the ten biggest in the world, everything from beef to chicken remains amongst the most expensive of meals.


Radar

Marathon Motors Expands EV Lineup, Pushes Charging Partnerships

A pioneer in electric vehicle (EV) assembly, Marathon Motors Engineering, unveiled new models along with warranty and charging services at its plant on the outskirts of Addis Abeba last week. The company's lineup features the Hyundai Ioniq 5—priced at 9.25 million Br—with a range of up to 600 km on a single charge as well as the 2nd Generation Hyundai Kona EV, which can travel more than 550 km on a full charge and is priced at 7.25 million Br with discounts in view of the company's 15-year e...


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EIH Sets Stage for Integrated Farming Development

Ethiopian Investment Holdings (EIH) and its subsidiary Ethiopian Agricultural Business Corporation (EABC), and Asset Green have finalized a Shareholders Agreement (SHA) to jointly develop an integrated dairy and commercial farming project. The deal, valued at approximately USD 600 million, will be executed in two phases with the first developing a dairy farming and processing operation on 15,000hct alongside integrated feed farming to secure a sustainable supply chain. The second phase will expa...


Radar

Electric Utility Gets New CEO

A leadership change at Ethiopian Electric Utility (EEU) has been implemented by Ethiopian Investment Holdings (EIH) with Shiferaw Telila replaced by Getu Geremew as the new CEO. Shiferaw held the role since 2018. At EEU headquarters, Brook Taye (PhD) stressed the need for quality, corruption-free service and zero blackouts. Acknowledging past service shortcomings, Getu offered an apology to customers and stakeholders. He pledged the company's dedication to improving electricity reliability an...