Etiopia
Vai alla Scheda Paese »Today, Africa has emerged from this dark path. Our Armageddon has passed
— Haile Selassie I
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Co-ops to make loans, handle claims
Revisions have been made to a proclamation that will allow cooperative unions to represent their members at any insurance company and to act as an insurance company if their members loose agricultural production or properties from natural or human causes. Union members will pay a premium and that money will ...
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French Ambassador: Ethiopia’s regional role is irreplaceable
Ambassador of France to Ethiopia, Frédéric Bontems who met with Foreign Minister Dr. Workneh Gebeyehu on January 3, 2017 underlined that Ethiopia’s role in promoting regional peace and stability is irreplaceable, adding that it’s important to have Ethiopia on board on various international issues. The two sides discussed at length ...
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What is truly important
The vision and goals that most business owners have for their business is to make profit. We must realise though that making money is not a goal at all, it is a result. A goal is to make a difference, to make things better than they were yesterday, to make ...
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Ethiopia jails 20 Muslims accused of pursuing Sharia State
An Ethiopian court has sentenced 20 Muslims to prison after they were found guilty of trying to establish a state ruled by Sharia law and inciting violence. They were charged under Ethiopia’s anti-terrorism law and convicted last month. All but one received prison terms of five and a half years. ...
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Guest Houses Mushroom in Addis
[Addis Fortune] The business of hospitality in Addis Abeba is booming, and many residents are trying to cash in by converting small homes and villas into guest houses.
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Ethiopia: Enhancing Trade, Investment
[Ethiopian Herald] Nobody denies that a sustainable financial industry depends on a market driven business, characterized by competitiveness and efficiency. The government also plays its role in regulating the fiscal and monetary aspect of the economy. These make the economy to move in the right track.
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Second Time Not Nice for Deputy CEO
Tedros Bogale, the long serving deputy CEO of the National Insurance Company Of Ethiopia S.C (NICE), is being forced out of his position effective January 7, 2017. His resignation was…
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Cargo transporters union ask gov’t for approval
The National Dry Cargo Transporter Association has formed a union to try to ease the flow of cross-country transportation. Forty six associations working in the nation’s import/export sector officially formed the union during their first general assembly at Ras Hotel on December 24. Mesele Hagos, head of the new ...
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Market needs
While we are busy running our business, which is now beginning to return some of our investments, we in fact need to begin working on renewal of our company before performance of our present operations begins to drop off. In doing so we often find solutions in working harder but ...
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Turkey requests free trade, Ethiopia asks for time
Turkey’s Economic Minister Nihat Zeybekci asked the Ethiopian government to ease the process of visas and customs and to allow Turkish Airways to use large aircraft when transporting passengers via Addis Ababa to Istanbul. He also asked for both countries to ease trade restrictions so that import and export can ...
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Ethiopian investor contracts with Thai company to manage huge Ethiopian resort
A local real estate developer is putting in USD 150 million to partner with Thailand’s Dusit Thani to build Ethiopia’s biggest resort. Located in Legadadi, Oromia region, 23km from Addis Ababa, the resort will take up 400,000sqm and take four years to complete. Construction will begin in October of 2017. ...
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Private transporters vies to take part in multimodal transportation
Private freight forwarders will soon be able to take part in the multimodal transportation scheme once a new draft directive is issued in a few weeks. Previously they were only allowed to engage in uni-modal operations. The Ethiopian Maritime Affairs Authority (EMAA), the regularity body under the Ministry of Trade, ...
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Lion Insurance premium grows but pays out more claims
Lion Insurance Company earned 17 million birr in gross profits and 15 million birr in net profits largely from bringing in a significant amount of income from premiums. The company’s gross written premiums grew 25 percent last fiscal year, standing at 282.1 million birr, up from 225.4 million birr a ...
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A Strong Advocate of Green Economy
[Ethiopian Herald] Though Ethiopia didn't cause climate change it is confronted by the threat the challenge poses. It should also recognize the opportunity that the change presents. Climate change is not a future possibility for Ethiopia but it is already a present reality.
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What are aid groups' priorities for 2017? - Expert views
Source: Thomson Reuters Foundation Country: Cameroon, Chad, Ethiopia, Iraq, Kenya, Niger, Nigeria, occupied Palestinian territory, Somalia, South Sudan, Syrian Arab Republic, Uganda, World, YemenAfter a year of record humanitarian needs, 2017 looks set to be even more challenging. The Thomson Reuters Foundation asked aid agencies to name their three priorities for ...
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Parliament Approves Loan Agreements With China for Infrastructure Projects
[Focac] Addis Ababa -Ethiopia's parliament on Tuesday approved three loan agreements worth over 380 million U.S. dollars made with the Chinese government and the Export-Import Bank of China to finance major infrastructure constructions in Ethiopia.
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Ethiopia, Turkey sign 5 cooperation accords
Ethiopia and Turkey signed five cooperation agreements in the Ethiopian capital Addis Ababa on Dec. 28, setting out mechanisms to facilitate more trade between the two countries
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Why Foreign Investment Is Still Flowing to Ethiopia
[Addis Fortune] By all accounts, Ethiopia has had a tough year. The effects of El Nino were deeply felt across the country. Agriculture was impacted. So was the life of millions of Ethiopians earning a living from it.Global mainstream media reported the return of drought to Ethiopia. These negative stories ...
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Ethiopia, America Create Ties That Bind
[Addis Fortune] The American Chamber of Commerce of Ethiopia was launched in Ethiopia last month at the Sheraton Hotel, one of the better known American brands. A slew of American, Ethiopian and Ethiopian-American entrepreneurs and guests were in attendance. It was a full house. The architect of Ethiopia's recent success ...
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Business: Ethiopia's new power plant to double output
Ethiopia inaugurated a 1.5-billion-euro ($1.57 billion) hydropower plant along the Omo River that will nearly double total electricity output to 4,238 megawatts (MW).
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Business News: Ethiopia's new power plant to double output
Ethiopia inaugurated a 1.5-billion-euro ($1.57 billion) hydropower plant along the Omo River that will nearly double total electricity output to 4,238 megawatts (MW).