Wednesday 16th April 2014

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Ethiopian Civil Society Organizations get 3.3 mln Euro boost

Ethiopian Civil Society Organizations get 3.3 mln Euro boost

The Ethiopia-European Union Civil Society Fund II (CSF II) awarded 18 grants worth 3.3 million Euros to the Ethiopian Civil Society Organizations (CSOs) on Friday April 11, 2014.

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Illicit capital flight costs Africa $1.4 trillion over the last three decades 3.3 mln Euro boost

Illicit capital flight costs Africa $1.4 trillion over the last three decades 3.3 mln Euro boost

Africa has lost staggering sums of resources through financial flows amounting from USD 1.2 to 1.4 trillion between 1980 and 2009 through illicit capital flight.

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African ambition

African ambition

The African Union conference hall was the site of the African Investment Forum conducted from April 8-10.

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National chamber election likely in May

National chamber election likely in May

After going through many delays, unconfirmed reports indicate that the Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) will hold its elections for board members and president on May ....

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Debub Global Bank announces 14.5 mln br profit

Debub Global Bank announces 14.5 mln br profit

Debub Global Bank Sc (DGB) is experiencing the fruits of its labor as the bank’s bottom line continues to grow.

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CEO of Maersk Line visits Ethiopia

CEO of Maersk Line visits Ethiopia

CEO of Maersk Line, Søren Skou, the world’s largest container shipping company met with Transport Minister, Workneh Gebeyehu in Addis Ababa to discuss bilateral issues.

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Egypt presidential hopeful sees Ethiopia as potential enemy

Egypt presidential hopeful sees Ethiopia as potential enemy

Ethiopia downplays threat labeling it as a ‘joke’Egyptian politicians are still upset over Abay. Mortada Mansour, one of three candidates running for the presidential election in Egypt....

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Index puts Ethiopia as Africa’s third strongest military

Index puts Ethiopia as Africa’s third strongest military

The Global Firepower (GFP) index, an analytical display of data concerning today’s world military powers places Ethiopia 40th on their global rankings and third in Africa following Egypt and Alge....

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The richest person in Poland to invest in Ethiopia

The richest person in Poland to invest in Ethiopia

The polish billionaire, Jan Kulczyk is keen to invest in the energy sector in Ethiopia.

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GSK selects Ethiopia to manufacture ARV, antibiotics

GSK selects Ethiopia to manufacture ARV, antibiotics

GlaxoSmithKline (GSK) has selected Ethiopia to build a pharmaceutical plant Capital learned.

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Transformation’s laborious slog PDF Print E-mail
By Muluken Yewondwossen   
Tuesday, 15 April 2014 06:53

Report recommends intensifying export efforts, increasing private investment in manufacturing

The Ministry of Finance and Economic Development (MoFED) presented a 134 page report to parliament analyzing the performance of the first three years of the Growth and Transformation Plan (GTP). Add a comment

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UK gov’t encouraging the new ‘scramble for Africa’ PDF Print E-mail
By Eskedar Kifle   
Tuesday, 15 April 2014 06:53

A new report turns the heat up on international initiatives such as the G8’s New Alliance for Food Security and Nutrition and the Alliance for Green Revolution in Africa (AGRA) as well as multinational companies such as Monsanto, DuPont, Yara, Syngenta, Diago, Coca Cola and Unilever along with the British Government that are stakeholders in those initiatives, stating that they are staging a new ‘scramble for Africa’ and are trying to control the African food system. Add a comment

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The richest person in Poland to invest in Ethiopia PDF Print E-mail
By Staff Reporter   
Tuesday, 15 April 2014 06:53


The polish billionaire, Jan Kulczyk is keen to invest in the energy sector in Ethiopia. Add a comment

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EDITORS' CHOICE

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POLL 1

1. Do you think multi-national companies are investing in Africa for only profit and not helping the continent to get out of poverty?

(184 votes)

62.5%   (115)
16.3%   (30)
21.2%   (39)
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POLL 2

2. Do you think illicit capital flow is increasing at an alarming rate in Africa?

(49 votes)

89.8%   (44)
2%   (1)
8.2%   (4)
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PANKHURST'S CORNER

The Dramatic History of Addis Ababa Part 13: The Beginnings of Cabinet Government

The object of the present series of articles is to consider how the founding and early growth of Addis Ababa witnessed Transformation in other fields of Ethiopian economic, social and political life. read more...

ENTREPRENEUR PROFILE

Full Name: Thomas Engida    
Education: 12th grade diploma
Company Title: Next Auto Dealer
Title: Owner and General Manager
Founded: 2000
What it does: sell used cars
HQ: Around CMC Area read more...

DOING BUSINESS

While working on this article, the electricity went off, the same way it has been going off almost every evening this week. While the nation rallies behind the plans to build the millennium dam read more...

BUSINESS & ECONOMY

In recent days, economic and environmental analysts have argued that capitalism is tentatively moving away from making things that damage nature. Maintenance is again becoming as important as production.

read more...