Category Archives: Business

Ethiopia opens massive Gibe 3 hydroelectric dam on Omo River

ADDIS ABABA, Ethiopia — Ethiopia on Saturday officially opened the Gibe 3 hydroelectric dam, which is among the biggest in Africa, despite concerns by environmentalists about its impact downstream and upon neighboring countries. Read more

PM Meles responding to Gibe 3 critics

Neoliberalism – the ideology at the root of all our problems

Perhaps the most dangerous impact of neoliberalism is not the economic crises it has caused, but the political crisis. As the domain of the state is reduced, our ability to change the course of our lives through voting also contracts. Instead, neoliberal theory asserts, people can exercise choice through spending. But some have more to spend than others: in the great consumer or shareholder democracy, votes are not equally distributed. Read more

Ethiopia: Omo Curaz sugar factory on a testing phase to start production

አዲስ አበባ፣ ታህሳስ 3፣ 2009 (ኤፍ.ቢ.ሲ) የኦሞ ኩራዝ ቁጥር አንድ ስኳር ፕሮጀክት ስኳር ለማምረት የሚያስችለውን የመጨረሻ ሙከራ እያካሄደ መሆኑ ተገለጸ። Read more

Premier highlights on technologically assisted agriculture

Addis Ababa: Prime Minister Hailemariam Desalegn has emphasized on the need for employing technologically assisted agricultural practices as he officially launched the Ethiopian Agricultural Research Council and Secretariat here today.

“Business for Development” as a means to boost internal revenue

Mekelle: Persuant to proclamation 621/2001 and guidline 07/2004, Charities and societies can establish busineses that can further their misson through generating additional income. Read more

Chinese-funded railways linking East Africa

(CNN)Near Africa’s horn on the easternmost part of the continent, a shiny new electric railway runs alongside an old abandoned track through both arid desert and green highlands. Read more

Two industrial parks to be readied by February

The Industrial Parks Development Corporation said that the Kombolcha and Makalle industrial parks will be ready for companies in two months.

A National Symposium on Tourism Held in Tigray

A national symposium to promote tourism was held in Mekelle, the capital city of Tigray regional state. Industry stakeholders that include government, investors and representatives of civic societies participated in the event. Listen to VOA Tigrigna report.

Income tax relief has no effect on revenue-Authority

The Tigray Region Customs and Revenue Authority announced that the new income tax deduction relief does not decrease the volume of its revenue. Read more

Sudan to build power transmission line from Ethiopia’s GERD

October 28, 2016 (KHARTOUM) – Sudan’s Minister of Electricity and Water Resources, Mutaz Musa, Friday said that Sudan intends to build a 3000 megawatt power transmission line from the Grand Ethiopian Renaissance Dam (GERD) to link Ethiopia and Sudan electricity networks. Open to read more.