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Ethiopia collects $593 million from telecom

Ethio Telecom collects $593 million revenue

February 4, 2019

Ethiopia’s state monopoly telecommunication service provider, Ethio Telcom, has earned 16.71 billion birr revenue ($593 million at the current exchange rate) in the first six months of Ethiopia’s fiscal year started July…

Ethiopian PM inaugurates irrigation dam

Ethiopian PM inaugurates irrigation dam

February 3, 2019

Prime Minister Abiy Ahmed of Ethiopia today inaugurated Gidabo irrigation dam that can irrigate over 13,400 hectares of land in Oromia and Southern regions of the country.

Ethiopia approves law to tackle illegal arms trade

Ethiopia approves law to tackle illegal arms trade

February 3, 2019

Following the increase of illegal arms trade and the security threat it poses on the country, the Minster of Council of Ethiopia on Saturday passes a bill that aims to tackle financing…

Addis Ababa takes off 2,000 street children

Addis Ababa takes off 2,000 street children

February 3, 2019

Officially commencing the rehabilitation of street children in Capital of Ethiopia, Addis Ababa, last night the city administration has lifted 2,000 street children volunteered to enter rehabilitation centers.

Ethiopia passes continental free trade deal

Ethiopia passes continental free trade deal

February 2, 2019

The Council of Minister of Ethiopia today approves the African Continental Free Trade Agreement (AfCFTA), which envisages creating the largest common market in the world.

Ethiopia achieves 5% minerals export target

Ethiopia misses 95% minerals’ export target

January 31, 2019

Partly impacted by the revocation of MIDROC Gold license of Etho-Saudi billionaire Al Amoudi, Ethiopia has missed 95% of its mining export target for the first six months of the current fiscal year…

Addis Ababa warns tax dodgy real estate developers

Addis Ababa warns tax dodging real estate developers

January 31, 2019

The Addis Ababa City Administration has warned over 100 real estate developers engaged in tax dodging and has been misusing the land they secured from the city administration. In recent years, tax…