Impact of Somali Refugees Influx on Ethiopia
BY ANDUALEM SISAY GESSESSE – WEEKEND READING – A burned tank is left on the side of a very dusty gravel road in Guramille village, some 1,100 kilometers south of Addis Ababa.…
Ethiopia’s Challenge: Balancing Agriculture with Environmental Protection
BY ANDUALEM SISAY GESSESSE- Atnafu Endashaw, 12, travels on foot two hours every day from home to school. He is from the isolated Menja communities found in Sheka zone of Southern region…
Ethiopians prefer driving home-grown cars
By Luc van Kemenade for newBusinessEthiopia.com With public purchasing power on the rise, Ethiopia’s small but emerging middle class yearns to cruise around Addis Ababa in style.
Dancing the bio-fuel samba
By Tesfu Telahoun To describe Ethiopia as a large country is to understate the sheer size of this truly vast nation of nations. Whether from the vantage of a bird’s eye view…
Ethiopia set to boost revenue 52 percent
The Ethiopian Revenue and Customs Authority set to increase government revenue for the fiscal year 2009/10 (July 8, 2010 – July 7, 2011) by 52 percent from last year.
On Earth as it is in Heaven…
Since the dawn of civilization and up to the late 1960s, Ethiopia has played prominent even leading roles in the world history and loomed even larger on the African stage. Contemporary African…
Ethiopian banks’ revenue grew to 24 percent
The total profit of commercial banks in Ethiopia, grew by 24 percent this year as compared to the similar period last year. This is excluding the new private banks, which have not began…
Ethiopia fails to meet reserve fuel target
The Ethiopian Ministry of Mines and Energy (EMoME) failed to meet national target of increasing reserve oil of the country to 588,000 cubic from it was at 130,000 cubic meters five years…
Nyota Minerals buys 80 percent share in Ethiopia
Following approval received at shareholder meeting last week, Nyota Minerals Ltd. (NYO.AU) announced yesterday, June 14, 2010 that it acquires 80 percent interest in land package totaling over 4,500 km2 of highly…
Ethiopia to boost budget 20 percent
Ethiopian Minister of Finance and Economic Development (MoFED) presented to the Parliament a 20 percent national budget increment (1.5 billion USD) for the coming fiscal year (July 8, 2010 to July 7,…
Ethiopia GDP per capita hikes to 217 USD, says government
Ethiopian government says country’s GDP per capita has now reached 217 USD from 164 USD five years ago.
Ethiopia shifting economic partnership from West to East
Trade privileges from Europe’s Everything But Arms (EBA) and America’s African Growth Opportunity Act (AGOA) are not stopping Ethiopia from shifting its historic economic partnership with the West to the East, a…
Ethiopia continues investing in power
Continuing its investment in power projects, Ethiopia inaugurated today (May 14, 2010) the Beles hydroelectric power generation plant, which cost a total of 7.1 billion birr (around 500 million USD).
Ardent Energy Group to outsource biofuel farm in Ethiopia
Ardent Energy Group Inc, a Nevada Corporation with a branch in Ethiopia engaged in a biodiesel fuel development announced that it is going to outsource its farming project in Ethiopia to farmers.