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The week in picture December 17, 2018 - December 22, 2018

Firehiwot Worku, secretary general of the Ethiopian Red Cross Society, Abera Tola, board director of the Society and President Sahlework Zewde and an unidentified blood donor are photographed on December 10, 2018, during an event held to celebrate the International Volunteer Day at International Hotel.

The week in picture December 17, 2018 - December 22, 2018

Visitors to the annual Addis Foto Fest, held for the fifth time at the Sheraton Addis, are admiring the exhibition. The four-day event that started on December 6, 2018, attracted over 800 applicants from over 120 countries.

The week in picture December 17, 2018 - December 22, 2018

A common occurrence in the city. This crowded street running from Qera Gebriel to Mebrat Hail has been dug up between the pedestrian walkway and the asphalt road causing pedestrian and vehicular inconveniences.

The week in picture December 17, 2018 - December 22, 2018

Addis Foto Fest, A common occurrence in Addis Abeba, and International Volunteer Day at International Hotel.

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Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...

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Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...

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Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...

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