State Construction Firms Bag 770m Br in Revenues

December 5 , 2020

Two state-owned construction companies under the auspices of the Public Enterprises Holding & Administration Agency generated 770.5 million Br in revenues during the first quarter of this fiscal year. Ethiopian Construction Design & Supervision Works Corporation has bagged 178.2 million Br in revenues, achieving 70 pc of its target. Out of its total income, 41,000 dollars was generated in foreign currency. and 49.6 million Br was gross profit. The Ethiopian Construction Works Corporation has also generated 601.3 million Br in revenue, surpassing its target by 5pc. During the same period, the Corporation had planned to incur 32.1 million Br in losses; however, it made a profit of 96.5 million Br. During the past fiscal year, the 22 public enterprises under the Agency grossed 300.5 billion Br and 55.6 billion Br in revenues and profit, respectively.


UNDP Nods $2m for National Dialogue

United Nation Development Program (UNDP) has signed an agreement with the Ministry of Finance and National Dialogue Commission, allocating 2.2 million dollars for the upcoming national discussion. Managed by an independent trust fund, and in addition to the annual budget allocated by the Ethiopian government, UNDP is looking to set up a financial buffer scheduling to raise 32.8 million dollars in support funds from development partners over the next three years. The Dialogue Commission was est...


Street Snack

The rainy season is going to be missed for at least one reason: boiled corn on the cob. As the customer captured here, it has been an enjoyable street food for the city's residents to keep them warm. More importantly, it was a livelihood for many street vendors. ...


Stair Shop

A shop and a shoeshine stall have been set up under the stairs of an overhead bridge. In the most crowded parts of Addis Abeba, there is always some type of vendor selling everyday goods, serving the lower-income population...