Category Archives: Business

Bank’s Unfair Deal to Diaspora

The National Bank of Ethiopia recently ordered private banks to purchase their owns shares from Ethiopian shareholders of foreign citizenship. The NBE further instructed the private banks to purchase these shares at par value (or the original purchase value of the shares) and then sell it at current market rate, surrendering the difference in value to the NBE. Read more

President Abay Weldu and delegates tour projects under progress

First phase of Mekelle industrial park reaches finishing point

Addis Ababa, December 27, 2016 (FBC) – The first phase of Mekelle industrial park, which is located in Tigray Regional State, is expected to be completed next February, according to the state trade and industry bureau. Read more

The Right Strategy At the Right Time for the Right Purpose of Industrialization

The Right Strategy At the Right Time for the Right Purpose of Industrialization
Nowadays Ethiopia is becoming the home of booming industry, new infrastructure, and conference tourism; it has also become a peace maker and powerful force in the region and beyond.

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