Monday, November 11, 2024
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VITA Food Industry raises...

Vita Food Industry, a Turkish company that began production in Ethiopia in 2018, has...

Ethiotelecom Launches 5G Services...

Ethiotelecom has officially launched its 5G services in Hawassa, marking a significant milestone in...

Unilever to reduce workforce amid profit concerns

British-Dutch multinational Unilever, a leading player in the consumer goods sector, has announced plans to reduce its workforce starting next month as part of a strategy to maximize profits. The company, which operates in over 190 countries including Ethiopia, currently employs more than 128,000 people globally. The decision to downsize comes in response to declining profits and an oversaturated employee base. Unilever has been a prominent provider of food, home, and personal care products in Ethiopia since 2015. Sources indicate that the company had signaled its intention to cut staff six months ago, with the reductions set to take effect in December 2024. This workforce reduction is not limited to Ethiopia; it is part of a broader initiative that will impact employees worldwide. In Ethiopia, the company plans to streamline operations by reducing the number of...

Ethiopia ranks 7th in...

Ethiopia has emerged as the 7th largest country in Africa for social media users,...

Ethiopia Contributes to Global...

Ethiopia has made a significant contribution to global food security by depositing 1,750 seed...
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PM addresses Franco-Valuta policy

Prime Minister Abiy Ahmed addressed the business community's and experts' concerns over Franco-Valuta's openness policy. Ethiopia will triple Egypt's...

Ethiopia among targeted countries in growing...

Ethiopia is among the countries now targeted by the Grandoreiro banking trojan, a significant cyber threat that has expanded...

WHITE SWANS...

About a decade ago the idea of encountering a ‘black swan’ was again brought to mainstream discourse by Nassim...

BLOCKCHAIN

Blockchain or Block Chain was introduced to facilitate the transaction of the now popular crypto-currency ‘bitcoin.’ It is a...

The Washington...

For decades, the Washington Consensus has been heralded by the IMF and the World Bank as the magic formula...

DÉTENTE NOW

Détente is a French word that roughly translates to ‘relaxation’. It is used to denote the easing of strained...

Transforming Urban Mobility

In an era where electric mobility is rapidly transforming urban landscapes, Yuma Sasaki, the Founder and CEO of Dodai, stands at the forefront of this revolution in Ethiopia. With a rich background in renewable energy and e-mobility, Yuma Sasaki has dedicated his efforts to harnessing Ethiopia's vast renewable resources to create a sustainable transportation network. This interview digs into his inspiring journey, the vision behind Dodai, and the innovative strategies being implemented to overcome challenges in the electric mobility sector. As we explore Yuma Sasaki's insights, we will uncover how Dodai aims to establish a battery-swapping network that not only enhances accessibility to electric vehicles but also contributes significantly to...

Portugal strengthening ties with...

Nuno Samopio, Secretary of State for Foreign Affairs and Cooperation of Portugal, shared insights on the historical significance of Portugal's relationship with Africa and its evolving diplomatic efforts. As Portugal continues to strengthen ties with African nations, particularly those in the Portuguese-speaking community, Samopio emphasized the importance of cultural events and collaborative initiatives aimed at fostering mutual understanding and addressing shared challenges. During the conversation, he discussed key areas of collaboration outlined in a Memorandum of Understanding with the Economic Commission for Africa, focusing on the blue economy and climate action. Samopio highlighted Portugal's commitment to supporting African nations through innovative financing mechanisms and capacity-building programs, particularly in maritime governance...
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Garden Dairy

Garden Dairy is small enterprise that was established as a small milk retail business in late 2019 in southern Addis Ababa. It is now an enterprise engaged in dairy processing, wholesale, and retail trade business. Garden dairy needs to recruit qualified consultant to develop Organizational manuals particularly, HR manual, Financial and Logistics & Procurement manual and organize training for staffs to understand the manuals.  Specific Objectives of this assignment are: To Develop HR manual To develop Financial management manual To develop Logistics & Procurement Manual Organize one day Training for concerned staffs to fully understand the manuals Criteria The applicants to go through this selection criteria would...

EXTERNAL VACANCY ANNOUNCEMENT

The South African Embassy in Addis Ababa invites applicants for the following positions:  Post Description: Secretary                          (LRP 5 ADDP1501 & ADDP1503)   POST TITLE: SECRETARY REQUIREMENTS FOR A SECRETARY An appropriate diploma in Secretarial Science from a well-recognized College or Institution with a minimum of five years relevant experience Computer skills such as Word Processing, Excel, Power Point, and Internet as well as operating of a photocopy machine is essential. Must be physically fit, healthy, sober, neat and presentable. Must be comfortably conversant with the English language, both verbal and written Applicants should have no police or criminal record. MAIN TASKS OF A SECRETARY Maintain diaries and manage appointments. Receive visitors...
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Canvas emerges as Ethiopia’s new cultural hub

In a significant development for the arts and culture scene in Ethiopia, Canvas has emerged as a vibrant new cultural center, redefining the landscape for events and exhibitions in the country. Spearheaded by Cactus, a leading advertising agency known for its innovative artwork and campaigns, this initiative aims to provide a versatile space suitable for various events, moving beyond...

CrowdPen African Voices Fellowship Launches to Empower Emerging Writers

Writers are set to benefit from the newly launched CrowdPen African Voices Fellowship, a prestigious program designed to empower emerging writers of African heritage. This initiative aims to provide a platform for diverse voices, nurturing the next generation of thought leaders who will shape narratives, spark important conversations, and inspire positive change across the continent. The CrowdPen African Voices Fellowship...

The Complex Interplay of...

Gold is one of the most valuable natural resources in the world, driving significant economic activity and wealth generation....

GDP Growth Numbers Vs...

Gross Domestic Product (GDP) growth is often heralded as a key indicator of a country’s economic success. In many...

Economic Development with Human...

Economic development is often seen as a positive force, driving progress, raising living standards, and fostering innovation. However, while...

How to Bet on...

Football betting in Ethiopia has increased multifold and has been a source of fascination for many people, making good...

The Rising Popularity of...

Casinos have long been a symbol of excitement, luxury, and high-stakes entertainment. Across the globe, these establishments provide a...

Exploring New Blockchain Solutions...

As cryptocurrency continues to revolutionize the global financial landscape, it has also carved out a niche in the online...

On Russia’s National Unity...

On November 4, Russia celebrates National Unity Day. The origins of the holiday go back centuries - to the...

Unlocking Ethiopia’s Economic Potential...

Ethiopia stands on the brink of a digital revolution. Over the last five years, the country has undergone a...

Merger and acquisitions is...

Bank mergers are not a new or recent phenomenon. These strategic steps have been taken by bankers during the...

Can the deep colonial...

Egypt could lose control over the Nile waters it has maintained for almost a century thanks to colonial-era treaties This...

The countdown to the...

Prosperity Party won the 2021 election not on commendable track records but on a postdated check—a promise to deliver....

Why African Ministries of...

As Africa strides towards self-reliance in health security, the Pan African Supply Chain Awards emerge as a crucial platform....

Mantashe to attend major AOW energy event

South Africa’s Minister of Mineral and Petroleum Resources, Mr Gwede Mantashe has committed to attend the four-day AOW energy event (https://AOWEnergy.com/) in Cape Town from 7 – 10 October. AOW: Investing in African Energy brings together industry leaders to develop policy, share discoveries, secure investment, and shape Africa’s energy future. This year’s event will feature more than 1 600 senior delegates, 80 ministers and officials from 70+ countries and representatives of more than 760 companies. Announcing Mantashe’s confirmed attendance, Chief Executive Officer of Sankofa Events, Paul Sinclair...

The Gambia’s Minister of Petroleum and Energy Joins African...

On the back of major investments from multilateral finance institution the African Development Bank, The Gambia is poised to increase its electrification rate to 70% – 50% in rural areas – by the end of the year. In the wake of the country’s burgeoning energy sector, The Gambia’s Minister of Petroleum and Energy Nani Juwara will participate as a speaker at this year’s African Energy Week (AEW): Invest in African Energy 2024 conference, which takes place in Cape Town from November 4-8. The Gambia represents...