September 28

  • Ethiopia: Dashen Bank Forecloses Gift's Six-Storey Building for Br19 Million

    Addis Fortune

    Dashen Bank S.C has foreclosed a six-storey building in Adama belonging to GIFT Trading Plc, to cover an eight million Birr loan GIFT was unable to settle. The foreclosure was... Read more »

  • Ethiopia: Berhan Becomes Latest Bank to Wave President Goodbye

    Addis Fortune

    Belachew Bogale, the founding president of Berhan International Bank (BIB), has resigned from his position as president, becoming the fourth president in the bank industry to leave... Read more »

  • Ethiopia: Ethiopia Host Fifth African Accreditation Cooperation (AFRAC) General Assembly

    Addis Fortune

    The fifth African Accreditation Cooperation (AFRAC) general assembly, which was being held at the Elili Hotel for five days, was concluded on September 26, 2014. Read more »

  • Ethiopia: Sixth Time Lucky As Ppesa Seeks Private Textile Investors

    Addis Fortune

    The Privatisation & Public Enterprises Supervising Agency (PPESA) wants to bargain with buyers for the sale of two textile factories in the Amhara region, which have failed to... Read more »

  • Ethiopia: Minibus Mobility Limitations Unconstitutional

    Addis Fortune

    The ban on taking minibuses registered in Addis Abeba out of the capital is the second such limitation in recent years Read more »

  • Ethiopia: New Association to Improve Competitiveness of Dairy Industry

    Addis Fortune

    An agro processing companies association is under establishment. According to Melaku Birhanu, General Manager at Sebeta Agro Industry plc, companies working in processing dairy... Read more »

  • Ethiopia: ERCA Claims Br3.5 Million in Unpaid Tax On Film Camera

    Addis Fortune

    The customs authority is preparing to take Tewodros Teshome, of Sebastopol Cinema, to court over the next two weeks. This comes after allegations of tax cheating, which could have... Read more »

  • Ethiopia: The Revolutionary Democrats Could Get Hard-Headed...

    Addis Fortune

    The Revolutionary Democrats could get hard-headed, thus a source of frustration to their earnest friends here and abroad, gossip observed. Often deeply ideological and at times... Read more »

  • Ethiopia: Where Ethiopia, U.S. See Eye to Eye, and Don't [analysis]

    Addis Fortune

    Prime Minister Hailemariam Desalegn has led a high level delegation to New York last week to attend a climate summit, where he was given an audience to speak on his government's... Read more »

  • Ethiopia: FMHACA to Hold a Symposium On Khat

    Addis Fortune

    The Ethiopian Food, Medicine and Health Care Administration and Control Authority (FMHACA) is to hold the first of its kind symposium on September 29, 2014 at the Authority's hall... Read more »

  • Ethiopia: ERCA Uses Bank Account Balance in Income Tax Calculations

    Addis Fortune

    That awkward moment that the tax authority tells taxpayers that it will not return the money it has collected from them in excess of what they should have paid, but still expects... Read more »

  • Africa: Crises Reveal Painful Lessons [opinion]

    Addis Fortune

    Until the 2008 global financial crisis, mainstream macroeconomics had taken an increasingly benign view of economic fluctuations in output and employment. The crisis has made it... Read more »

  • Ethiopia: Counterproductive Investments [opinion]

    Addis Fortune

    The multi-billion Birr Addis-Adama Toll Road was opened for traffic two weeks ago. The 84.7km long, state-of-the-art, toll road is expected to bring new business opportunities for... Read more »

  • Ethiopia: Fake Jewellery Putting Strain on Traders of the Precious Metal

    Addis Fortune

    The difference could be between 1,000 and 100,000 Br for the same size and same appearance - one is artificial and the other real gold. The former are becoming increasingly... Read more »

  • Ethiopia: Capital's Cooking Classes Growing in Popularity

    Addis Fortune

    Sintayehu Endebu has dedicated time off from a private business she runs to take cooking lessons for 10 months at the Global Cookery and Catering School on Sierra Leone Street.... Read more »

  • Ethiopia: Spring Proceeds

    Addis Fortune

    The foremost British scholar in Semitic languages and Ethiopian studies, Edward Ullendorff, believed that the feast of Meskel marked the "end of the rains, the resumption of work... Read more »

  • Ethiopia: The Majority Could Not Go Mad Like That.

    Addis Fortune

    Girma Biru, Ethiopian Ambassador to United States, said this about the state of political opposition within the Ethiopian Diaspora living in the US. What happens in the ground,... Read more »

  • Ethiopia: Creativity Honoured

    Addis Fortune

    There has been a recent trend of recognising and awarding Ethiopian intellectual products that are said to ease society's life. Here comes a further recognition of the creativity... Read more »

  • Ethiopia: Twigs,Grass,Flower

    Addis Fortune

    Addisu Lema, 24, is an eighth grade student at the Gorfu Primary & Secondary School, which is found in Selale Fich - a city in the Oromiya Region, approximately 72km North of... Read more »

  • Ethiopia: No-Way

    Addis Fortune

    There has been activity from the government in recent times to minimise the number of illegal traders, or at least allot specific places for their trading. Despite these... Read more »

  • Ethiopia: Ethiopian Festivity

    Addis Fortune

    It was last year at this time that the Ethiopian Meskel festivity was registered under UNESCO for being the largest religious and cultural celebration of the foundation of the true... Read more »

  • Ethiopia: A Call to Redefine Aid [opinion]

    Addis Fortune

    No country can work itself out of poverty with aid alone. Indeed, throughout Africa, we have seen first-hand how the international community's traditional approach to solving the... Read more »

  • Ethiopia: Ethiopia Decks Out

    EA Business

    Ethiopia has been working hard to expand industrial development and within that general framework, the textile sector has been identified as a priority area both by local investors... Read more »



September 27

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