SIDE BLOCK


SIDE BLOCK

An electric pole blocks the bike lane around the Stadium area in the capital. The country has a large soccer fan base but little to root for in terms of national team success. With more than 65pc of the population under the age of 35, the largely unemployed youth find respite watching European soccer matches. It has fed perfectly into the burgeoning sports betting market with 55 companies offering their services. The half-a-million Birr fee requirement for the betting license has not deterred prospective investors as six companies have gone into the business after the fee was raised from 100 Br.


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Premier Inaugurates Lemi National Cement Factory

Prime Minister Abiy Ahmed (PhD) inaugurated the slated-to-be largest cement factory in the nation, Lemi National Cement, marking a significant milestone in the industry. With a daily production capacity of 150,000 quintals upon full capacity, it is slated to massively grow national production. At the inauguration ceremony held Saturday, September 29, Prime Minister Abiy Ahmed (PhD) applauded the speed, quality, and size of the site, adding its installed capacity is half of the industry's curr...


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IMF to Unlock $345m in Loans, Concluding Ethiopia Deals First Review

Alvaro Piris, chief of the International Monetary Fund's (IMF) staff team, struck a bullish tone completing a two-week visit to Addis Abeba — an optimistic shift from his language of despair over the past three years. The change follows the conclusion of the first review of a four-year program agreed upon with Ethiopian authorities. Members of his team, over 20, met with Minister of Finance Ahmed Shide, Central Bank Governor Mamo Mihretu, and the Prime Minister's macroeconomic and monetary...


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Ministry Upgrades Public Transport Terminal

Ministry of Transport and Logistics is undertaking an upgrade to the public transport terminal at the Asco Public Transport Terminal, one of the terminals in Addis Abeba city. The works include paving 6,000 square meters of concrete asphalt, temporary accommodation sheds and chairs for passengers, as well as guard house and office space renovation. The work will enable a 24-hour service upon completion. Seifu Kenfu, executive director of infrastructure at the Ministry, stated that the aim is to...


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