Etiopia
Vai alla Scheda Paese »Today, Africa has emerged from this dark path. Our Armageddon has passed
— Haile Selassie I
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Fiscal, Monetary Policies Mismatch to Blame for Forex Woes
[Addis Fortune] Last week, Ethiopia got a vindication of a sort of its gains over the years in its pursuit of economic growth. A London-based magazine, "World Finance", has joined the foray listing it second in the five fastest growing economies in the world, next to Bhutan's 11.1pc. Neither is ...
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Exporting Energy - Exemplary Move to Socio-Economic Development
[Ethiopian Herald] Exporting electricity, for Ethiopia, is surely becoming a profitable business and helps to establish itself as a major power hub in Africa. Since 2014, the country has provide prime attention towards exporting electricity to neighbouring countries such as Djibouti, Kenya and Sudan. It is also establishing grid links ...
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Coffee Value Chain Up for Major Reforms
A bill, which will paralyse the Ethiopia Commodity Exchange (ECX) in the coffee export value chain, was finalised last week and sent to Ministry of Agriculture & Natural Resources and…
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NBE Tells CBE to Stay Away from Project Finance
The National Bank of Ethiopia (NBE) has urged the state-owned giant, Commercial Bank of Ethiopia (CBE), to focus on providing working capital, leaving project financing to the state policy bank,…
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Donkey Abattoir Still in Business Despite Ban
Despite a ban from the Bishoftu city administration, Shandong Dong, the first donkey slaughterhouse in Ethiopia, is carrying on with the business until the stock of donkeys it has already…
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Sabir Argaw Seeks Enforcement to Buy Foreign Partners Out of Repi
Sabir Argaw, one of Ethiopia’s prominent businessperson with diversified interests under AL-SAM Plc, has filed civil suit taking his foreign partners to the Federal High Court, claiming an enforcement of…
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CBE Puts Private Banks in Cash Strap
The National Bank of Ethiopia (NBE) has advanced to the state-owned banking giant, Commercial Bank of Ethiopia (CBE), one billion dollars in foreign currency, which risks putting private banks in…
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Belayab Breaks into Pickup Rental Business
Belayab Motors signed an agreement with Huawei Technologies Ethiopia Plc (HTE) to provide car rental services costing 1,800 Br per day for the next three years for use around Addis…
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Donkey Meat Up for Export, Slaughterhouse Opens
Ethiopia is to export donkey’s meat, following the start of operations at a slaughterhouse in Bishoftu (Debrezeit) town, 48Km east of Addis Abeba. Shandong Dong, a donkey slaughterhouse, has just…
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Ethiopia Extends Emergency Law
Ethiopia’s Parliament has voted to extend the state of emergency by four months. Tabled today, March 29, 2017, a bill titled “State of Emergency Proclamation for the Maintenance of Public…
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More than 620,000 people displaced since November 2016 in Somalia
Source: UN Office for the Coordination of Humanitarian Affairs Country: SomaliaThe humanitarian situation continues to deteriorate. Major disease outbreaks are spreading, with nearly 32,000 cases of AWD/Cholera and 5,600 suspected cases of measles since the beginning of 2017. HIGHLIGHTS Over 620,000 people displaced since November 2016 Humanitarian situation continues to worsen Humanitarian partners scaleup response ...
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Ethiopia, Germany Agree to Boost Partnership
[Ethiopian Herald] Prime Minister Hailemariam Dessalegn and Vice Chancellor and Foreign Minister of Germany Sigmar Gabriel discussed on how to further strengthen the two countries' partnerships and cooperation on regional and international affairs.
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Shangri-La bids for Hilton takeover
Shangri-La Hotels and Resorts potentially want to partner with the government to run the hospitality business in Ethiopia when the current international partner Hilton Worldwide concludes its association in the next couple of years. The Asian multinational hospitality giant has already expressed its interest to the government, according to reliable ...
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One company monopolizes maize exports
Grain exporters are unhappy with the government’s decision to only allow a single company to export maize to east and southern African nations. Because of the drought, last fiscal year, exporters were banned from exporting grain. Then, a recent order came from the Prime Minister’s office giving permission to Belayneh ...
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Shipping Enterprise nearly meets goals despite import decline
The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) almost attained its target goals in the first three quarters of the budget year but reduced imports have affected its business. In the first nine months ESLSE earned over 10 billion birr. The sole multimodal operator in the country handled 98 percent ...
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Two months left in Saudi Amnesty program but many Ethiopians remain illegally
Although Saudi Arabia is now 30 days into a 90-day grace period allowing amnesty for Ethiopians in the country illegally to leave without charges, not many have been repatriated. The Ministry of Foreign Affairs estimates that 400 Ethiopians have returned per day since last Monday, with around 200,000 remaining in ...
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Accountability and the Rule of Law in Developmental, Democratic State
[Ethiopian Herald] Ethiopia is currently celebrating 'Justice Week', with focus on accountability and the rule of law. In the context of political lexicon of ethical standards and good governance, accountability implies answerability, responsibility, liability, and the expectation of obligation.
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Coffee Value Chain Up for Major Reforms
A bill, which will paralyse the Ethiopia Commodity Exchange (ECX) in the coffee export value chain, was finalised last week and sent to Ministry of Agriculture & Natural Resources and…
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Utilizing Support Accordingly
[Ethiopian Herald] Ethiopia steps up its economic development endeavor and strives to brake away from poverty and related challenges by using all possible catalytic mechanisms. It has managed to register fast economic development by its own capacity , emphasizing on poverty alleviation and implementing climate resilient green economy strategy .
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Food security situation sharply deteriorating in pastoral areas in Kenya
Source: Food and Agriculture Organization of the United Nations Country: Kenya, Somalia, South SudanThe overall number of people in need was estimated at 2.6 million in January 2017, more than twice the estimate of 1.25 million in August 2016 and more than four times the caseload of 640,000 estimated 12 months ...
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The Dynamics of Ethiopia's Foreign Policy and Diplomacy
[Ethiopian Herald] Ethiopia's foreign relations with countries near and afar, and the country's foreign policy and diplomacy can best be characterized as a process of change and continuity in which various determinants are involved. The country's foreign policy and diplomacy has passed through three stages of foreign policy dimensions each ...