20 C
Addis Ababa,Ethiopia
Addis Ababa,Ethiopia
broken clouds
20 ° C
20 °
20 °
56%
4.6kmh
75%
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20 °
Mon
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22 °
Wed
25 °
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After long discussions with the Ministry of Finance and Economic Cooperation, China’s Eximbank has agreed to loan Ethiopia USD 1.5 billion to construct the Gerbi Dam, which should generate 73,000 cubic meters of water per day to supply Addis...
The Addis Ababa Trade Bureau closed 121 shops for conducting business in underground parking areas of buildings. Most of the shops were in Bole area and sold items like mobile phones, clothing, food and cosmetics. Other areas which had a...
Golden Tulip Addis Ababa and Marriot Executive Apartment Hotels were recently awarded 5 star ratings by the Ministry of Culture & Tourism (MoCT).There are now seven, five star hotels in Addis Ababa including; Sheraton Addis, Elilly International Hotel, Capital...
The Development Bank of Ethiopia (DBE) recently announced plans to reintroduce a loan program for rain fed commercial farming as of February 1. Last March the state owned bank halted the loan program because of scandals observed by agricultural...
Billions of birr have been invested to purchase construction materials for the 20/80 condos over the last 10 years. However, lack of proper auditing has led to corruption and waste. Steel bars, cement and bathroom products like toilets have been...
The manufacturing sector has fallen short of expectations. The Ministry of Industry (MoI) reported to parliament that exports of manufactured products only performed half as well as expected over the last six months of the 2016/17 budget year. The...
The Sheikh Mohammed Hussein Ali al-Amoudi (L) Stadium in Woldiya was inaugurated in the presence of Prime Minister Hailemariam (R) and other high level officials on Saturday January 14, 2016.  The multi-purpose stadium used mostly for football matches also...
During  his latest press conference Prime Minister Hailemariam Desalegn confirmed that his government is in the process of selling  shares of the Ethiopian Shipping and Logistics Services Enterprise (ESLSE), which is the  only state run company that owns commercial...
The Debere Birhan Wind Farm project may be at risk since the government has changed its policy on developing new power projects in the country. In the beginning of the current GTP the government decided that projects would be awarded...
On his latest press conference Prime Minister Hailemariam Desalegn confirmed that his government is on the process to sell share of the Ethiopian Shipping and Logistics Services Enterprise (ESLSE) for undisclosed company. Recently it was stated that the Chinese logistics...
Steely R.M.I. plc, one of the major local steel manufacturers, refused to supply steel because a request from the Public Procurement and Property Disposal Service (PPPDS) was delayed. A Chinese steel factory who was expected to supply a small part...
The government formed a special committee under the Prime Minister's Office to combat the currency trading on the black market and outflow of hard currency from the country. The Financial Intelligence Centre (FIC), which is the monetary intelligence unit established...
The Addis Ababa City Administration Housing Management Agency announced it would draw a lottery for 5,000 condo houses for government school teachers next month in order for them to rent them at a fair price. From the total of 14,000...
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...
Dr. Merera Gudina, Chairman of the Oromo Federalist Congress (OFC) was denied bail during his hearing at the Federal High Court Arada Bench on Thursday, December 29, 2016. The court also gave the police another 28 days to gather...
The Addis Ababa Land Management Bureau announced that they have no plans to demolish more houses this fiscal year and will aggressively work to fully clean up the areas that are already demolished. In the past year the city administration...
The Maritime Affairs Authority is going to introduce an alternative scheme for private freight forwarders and shipping agents to be part of the multimodal (land, sea, or road) transportation service. The multi modal scheme has been solely operated by the...
Farmers request Respence Vaccine to stop chicken disease Poultry farmers are concerned about the prevalence of Marek’s Virus which kills and weakens the immune system of chickens. Farmers are asking the government to provide a better vaccine for the disease....
Gibe III was officially inaugurated on December 17, after 10 years of construction. It has an installed capacity of 1,870 MW. Construction of Gibe III began in July 2006 upon the signing of an engineering procurement agreement between the then...
The growing number of requests for tax refunds is causing the government to consider increasing the withholding percentage from Value Added Tax (VAT). In the first four months of the budget year over 2.6 billion birr was slated to...
Company to double production The first international wine brand in Ethiopia which has placed the nation among global wine producing countries, Castel Winery, plans to double its production through its latest 12 million euro expansion, which will take two...
The Horn of Africa is emerging as a region for wildlife crime both as a source and a transit route for illicit wildlife products and live animals and it was the focus of the 4th Steering Committee Meeting of...
The European Union (EU) and the United States is raising concerns to Ethiopian authorities about the arrest of prominent opposition political figure Merrara Gudina (PhD). He was arrested on Wednesday evening from his house when he returned from a trip...
The Ministry of Foreign Affairs (MoFA) acquired two state ministers, appointed by Prime Minister Hailemariam Dessalegn. According to the information that Capital obtained Hirut Zemene, Director General of Business Diplomacy at MoFA, became the second female state minister in...
The National Export Coordination Committee (NECC) chaired by Prime Minister Hailemariam Desalegn found that steel traders have organized to pressure local steel manufacturers and as a result the investment commission has lifted duty free incentives for steel imports. The local...
Mogadishu, Somalia   An Ethiopian military leader is denying that the recent withdrawal of Ethiopian Troops from central Somalia's Hiran region has created a vacuum in the fight against Al-shabaab. During an exclusive interview with Capital in his Mogadishu office, Brigadier...

More beer near

Heineken Breweries S.C. inaugurated a 2.5 billion birr expansion at its Kilinto Brewery along the outskirts of Addis Ababa on Friday November 25. The expansion will enable the company to increase its annual production capacity to three million hectoliters....
Well heeled Turkish investors plan to accompany Turkey's Economic Minister Nihat Zeybekci to visit potential business locations in Ethiopia.  Ayalew Gobeze, Ethiopia's Ambassador to Turkey, told Ethiopian journalists there that the trip will take place in the coming month....
Getachew Reda , the previous  minster of the Government Communication Affairs Office  until last month has been assigned to direct the Justice and Legal System Research Institute(JLSYRI) which was previously led by Zadig Abrha. Before leading the Communication Affairs...
  The Cassation Bench of the Supreme Court has reversed a high court decision and is allowing international hotel chain InterContinental Hotels' (IHG) lawsuit against local hotel Intercontinental Addis to go forward. If they are victorious it would force the...
The Ethiopia Investment Commission (EIC) is criticizing insurance companies for failing to compensate companies whose properties were damaged last month during protests in Oromia and Amhara regions. “Some insurance firms have broken their promises which is unfair," Fistum Arega...
At a forum held in Addis Ababa sponsored by the African Refinery Association (ARA) the small profit margin for dealers was addressed as a problem that needs to be solved for the sector to move forward. During his presentation Tadesse...
Tensions remain high as protests have escalated since fatalities occurred on October 2 after the celebration of the Irrecha religious festival of the Oromo people at Bishoftu (Debre Zeit), 40km south east of the capital. Although the exact number...
Ethiopia lost around USD 9 million during an Internet shutdown that occurred between July 1, 2015 and June 30th 2016, a new study by The Brookings Institution, claims. The study authored by Brookings Vice President Darrell West states that in...
Sky Sports reported that Rooney spoke before the Slovenia match and made it clear that he had no intention of quitting international football. Southgate reaffirmed this by stating that the decision was a tactical one and that Rooney was...
The controversial Integrated Financial Management Information Systems (IFMIS) contract has been awarded to the consortium, Techno Brain Tanzania, which offered the lowest price to undertake the project for 125 government offices. The Ministry of Finance and Economic Cooperation (MoFEC), who...
Footwear Distributors and Retailers of America (FDRA) is showing an interest in purchasing Ethiopian Shoes for the US market. The 11 executive members of the Footwear Distributors and Retailers of America (FDRA), an association that represents 80 percent of the...
Azeb Asnake (Eng), CEO of Ethiopian Electric Power (EEP), and the enterprise she leads were recognized at the East African Power Industry Award held in Nairobi on September 22. Since joining the construction industry in 1986, she has worked her...
Less than two months remain until Marrakech, the tourist city of Morocco hosts the COP 22 climate conference. The committee which is being run by Said Benrayane, Ambassador Councilor to the Cop 22, has been making preparations, making sure...
Ethiopia’s four major petroleum supplying companies requested a revision of the profit margin on petroleum and petroleum products they distribute. National Oil Company Plc (NOC), Libya Oil Ethiopia, Total Ethiopia SC and YBP Petroleum, requested a fuel price margin...

Steel Confusion

Steel Confusion By Muluken Yewondwossen Small scale nail manufacturers have filed a letter with Prime Minister Hailemariam Desalegn and six ministry offices asking them to intervene on their behalf, because they say some individuals are using their name to lobby the government...
Local steel producers seem to finally be competitive with international importers but it’s much to the chagrin of the international firms. In a recent bid for 22,000 metric tons of steel, local manufacturing companies greatly outbid international suppliers. Players...
 Landmark homes to get a facelift At a cost of over 30 million birr, the Addis Ababa City Administration Culture and Tourism Bureau (AACTB)is to maintain Menelik II and Sebastopol monuments, located in the heart of Addis Ababa. The historical...
Ethiopia and Djibouti signed a deal with two Chinese firms to manage a joint railway line that will commence in the beginning of the coming New Year. After the bid evaluation the Chinese consortiums will undertake the operation and management...
The Ethiopian People’s Revolutionary Democratic Front (EPRDF) the ruling coalition may have new policy strategies and changes in the bureaucratic arena after the beginning of the new reform that the party says will take place in the coming Ethiopian...
The Ministry of Industry (MoI)  is presenting a document which requires  The Ministry of Finance and Economic Cooperation (MoFEC )  to  revise the  excise and  surtax  levied on  garments. Under the Excise Tax Proclamation No 307/2002  10 percent  of an...
Unknown number of people were injured from a fire that broke out in the Kilinto High Security Prison today. Seven fire trucks and two ambulances responded to the blaze. Until we went to the printing press three fire fighters...
After its five day meeting the executive committee of the ruling party the Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) stated it will take another round of corrective measures inside the party. The party leaders who held a meeting from August...
In an exclusive interview with Capital FIA President Jean Todt said road traffic accidents cause a significant loss of human and economic resources in the country. Todt, who is also UN Special Envoy for Road Safety urged Ethiopia to put...
According to the Addis Ababa Fire & Emergency Prevention and Rescue Authority (AAFEPRA) 421 fire accidents claimed the lives of 111 people. That is a 56 percent increase from last year. Statistics released by the fire service indicated that 104...
Maternal and child mortality has gone down in Ethiopia but in the past 25 years the population has almost doubled to 100 million. Some worry that this will make it difficult to continue to fight poverty.  Family Guidance Association...
The Los Angeles based IT firm Transnational Computer Technology (TCT) filed criminal charges against staff of the Ministry of Finance and Economic Cooperation (MoFEC) under the claim that it was mistreated against the procurement and trade practice and consumer...
The need for countries to mobilize resources to combat public health emergencies was heavily underlined at the 66th session of the WHO Regional Committee for Africa that is being held at the United Nations Economic Commission for Africa. The...

Coffee talk 

Coffee continues to be Ethiopia’s golden export bringing in as much revenue as the sector can, given the market conditions. While Ethiopia produces some of the best coffee, the lack of quality, unfair market prices as well as low...
Ethiopia is set to host the 15th edition of the African Fine Coffee Conference and Exhibition from February 12 to 1, 2017. The event will be taking place at the Millennium Hall and over 2000 international industry traders; producers,...
The recently reinvented Air Djibouti plans to earn USD 750 million per year over the next five years. Although it was grounded in 2002 it reorganized itself in 2015 with the support of Cardif Aviation Ltd, St Athan, a Welch...
The Addis Ababa Housing Development Housing Project Office plans to study materials in order to find another option from the agro stone it currently uses to construct partition in condos. Agro stone is made up of Magnesium Sulphate, red soil,...
‘I was in an ambulance for the first time in my life…I saw my life passing…I knew in that moment I had to make a massive change…’ says Yene, or better known as Dr Yene Assegid, a renowned Leadership...
The port of Djibouti is congested with over 20 vessels carrying mainly Ethiopian fertilizer, grains and general cargos, Capital learnt. Earlier in 2016, being aware of the drought caused by Elnino, Djibouti Port officials were informing Ethiopian authorities of the...
In celebration of its 70th anniversary, Ethiopian airlines has been carrying out facility visit sessions for government officials, prominent business persons, celebrities as well as the media, among others. The airline that has had seven decades of experience has...

Untapped Potential

Twenty seven years ago the COMESA Leather and Leather Products Institute (LLPI), was established headquartered in Addis Ababa to bolster the leather industry in the 10 nations which make up COMESA: Ethiopia, Burundi, Eretria, Kenya, Malawi, Rwanda, Sudan, Uganda,...
If you are a fan of the circus, then you will be excited to find out about an event that is coming up. Madragora Circo, will be doing a show in Addis Ababa on March 4 and 5, 2017....
The ocean is changing – and not for the better. Well-established scientific evidence shows that it is becoming emptier, warmer, and more acidic, putting marine life under serious pressure. But there is good news: evidence also indicates that the...
Ezdan Holding Group, a giant company from Qatar, is looking at a plot of land around the African Union (AU) for its real estate venture project. During a visit last year Sheikh Dr Khalid bin Thani bin Abdullah Al Thani,...

TRUTH IN SOCIETY

Modern states/societies have developed quite a knack for manipulating their sheeple, (human mass) without employing much coercion. If truth be told, modern societies are nothing more than dystopian constructs of the Huxley-ian genre (Adolf Huxley). On the other hand,...
In the 25th round of the land lease auction 35 plots received false bids from people who offered from 50 to nine thousand birr per square meter but failed to show up to buy their land. In the 24th round...

Reflection on Brexit

No whining and bitching about Ethiopia today. Instead let’s begin the week with some mundane details. My good friend and fellow the Amharan Yetref Mekonen is of the opinion that I am still single because I want a perfect partner....

SDG Goals

Ethiopia’s accomplishment during the first two years of the Sustainable Development Goal (SDG) will be evaluated at an event in July at the United Nations High Political Forum. Yinager Dessie (PhD), commissioner of the National Planning Commission, said that regional...
Investing not only in primary healthcare systems and general medical expertise, but also in research capacities, is crucial for Africa to be able solve its challenges in health, according to Bill Gates, Co-Chair of the Gates Foundation. In an interview...

Obituary

Richard Pankhurst, the son of the British women's rights campaigner Sylvia Pankhurst who became one of the world's leading experts on Ethiopian history and culture, has died at the age of 89. He first came into contact with Ethiopia through...
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