WB Approves $600 Million Grant for Safety Net System

[Addis Fortune] The International Development Association (IDA), a wing of World Bank, granted Ethiopia 600 million dollars to help food insecure people and implementation of safety net programs.

[Addis Fortune] The International Development Association (IDA), a wing of World Bank, granted Ethiopia 600 million dollars to help food insecure people and implementation of safety net programs.

source: AllAfrica News: Ethiopia

Commuters Fed Up With Addis’ Ever Messy Transportation

[Addis Fortune] At the taxi station corners of Qaliti, Gelan Condominium, Emebet Arega begs the people in the first row of a long winding queue to give her precedence to take the coming taxi, despite being the last one in the queue.

[Addis Fortune] At the taxi station corners of Qaliti, Gelan Condominium, Emebet Arega begs the people in the first row of a long winding queue to give her precedence to take the coming taxi, despite being the last one in the queue.

source: AllAfrica News: Ethiopia

Describing What Transpires Inside the Most Powerful Governing Party of Ethiopia As an Intense Power Struggle May Sound a Bit Far-Fetched

[Addis Fortune] Describing what transpires inside the most powerful governing party of Ethiopia as an intense power struggle may sound a bit far-fetched, says gossip. The power dynamics and alliances are fluid; it can be misleading to discern formation…

[Addis Fortune] Describing what transpires inside the most powerful governing party of Ethiopia as an intense power struggle may sound a bit far-fetched, says gossip. The power dynamics and alliances are fluid; it can be misleading to discern formations of groups neither on party affiliations nor ideological preferences, claims gossip.

source: AllAfrica News: Ethiopia

The Ethiopian State – From Ascription to Subscription

[Addis Fortune] In a few weeks, the federal agency, in charge of overseeing polls either for legislative councils or referendums will be back in action. It will carry out a referendum, allowing people in eight Kebeles in Gonder area to decide whether t…

[Addis Fortune] In a few weeks, the federal agency, in charge of overseeing polls either for legislative councils or referendums will be back in action. It will carry out a referendum, allowing people in eight Kebeles in Gonder area to decide whether they want to identify themselves with the Qimant, a minority group in the Amhara Regional State.

source: AllAfrica News: Ethiopia

Nile Settles 231 Million Br Claims

[Addis Fortune] Nile Insurance S.C, one of the veteran firms in the country, paid a claim of 231 million Br in the past fiscal year, according to its unaudited report. The firm has written a premium of 420 million Br and 28 million Br from general and …

[Addis Fortune] Nile Insurance S.C, one of the veteran firms in the country, paid a claim of 231 million Br in the past fiscal year, according to its unaudited report. The firm has written a premium of 420 million Br and 28 million Br from general and life insurance lines of business, respectively during the same fiscal year.

source: AllAfrica News: Ethiopia

Lewi Erects Another Resort in Wolayita

[Addis Fortune] Lewi Hotels & Resorts Ethiopia expands to Wolayita Sodo, 312.3Km from Addis Abeba by erecting a new resort. The investment capital amounts to 200 million Br, according to the management of the company.

[Addis Fortune] Lewi Hotels & Resorts Ethiopia expands to Wolayita Sodo, 312.3Km from Addis Abeba by erecting a new resort. The investment capital amounts to 200 million Br, according to the management of the company.

source: AllAfrica News: Ethiopia

Giant Printer to Advance Security Printing

[Addis Fortune] Berhanena Selam Printing Enterprise, the state-owned printing press, is to launch an advanced security printing with an investment of 200 million Br. For the procurement of the printing machines, it announced a tender for the second tim…

[Addis Fortune] Berhanena Selam Printing Enterprise, the state-owned printing press, is to launch an advanced security printing with an investment of 200 million Br. For the procurement of the printing machines, it announced a tender for the second time after its failed attempt two years ago.

source: AllAfrica News: Ethiopia

Corruption Probe Crawls to Mesfin Tefera

[Addis Fortune] The Federal Police Commission Crime Investigation Division has arrested the Deputy Chief Executive Officer of Ethiopian Shipping & Logistics Services Enterprise (ESLSE), Mesfin Tefera, on Thursday, September 14, 2017. This raised the number of individuals arrested in connection with the recent grand corruption turmoil to 129.

[Addis Fortune] The Federal Police Commission Crime Investigation Division has arrested the Deputy Chief Executive Officer of Ethiopian Shipping & Logistics Services Enterprise (ESLSE), Mesfin Tefera, on Thursday, September 14, 2017. This raised the number of individuals arrested in connection with the recent grand corruption turmoil to 129.

source: AllAfrica News: Ethiopia

Power Sector Gets Record High Loan

[Addis Fortune] The Ethiopian Electric Utility (EEU) acquires half a billion dollars concessional loan from the Chinese government for the rehabilitation of electric power distribution lines in 54 towns and to construct distribution centres at 17 indus…

[Addis Fortune] The Ethiopian Electric Utility (EEU) acquires half a billion dollars concessional loan from the Chinese government for the rehabilitation of electric power distribution lines in 54 towns and to construct distribution centres at 17 industrial parks.

source: AllAfrica News: Ethiopia

Long Delayed Ne’kemite Stadium Nears Completion

[Addis Fortune] The construction of Ne’kemite Stadium which cost 154 million Br has reached 94pc completion. The construction of the Stadium began in 2009 with an expected completion period of two years.

[Addis Fortune] The construction of Ne'kemite Stadium which cost 154 million Br has reached 94pc completion. The construction of the Stadium began in 2009 with an expected completion period of two years.

source: AllAfrica News: Ethiopia