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USA
U.S. President Warned On Cut to African Foreign Aid
[Addis Fortune] US president Donald Trump risks stoking extremism in Africa and provoking a further exodus of migrants heading for Europe if he goes ahead with plans to cut funding to the continent, according to the head of the African Development Bank.
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Egitto Kenya Etiopia Yemen
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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Etiopia
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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Etiopia
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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Etiopia
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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Etiopia
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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Etiopia
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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Etiopia
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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Etiopia
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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Etiopia
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…